(1). About the Course
MBA in Real Estate Management is a two years postgraduate application that prepares a candidate for a profession within the actual property industry. The route develops the management and problem-fixing competencies of a pupil inside the actual property quarter and prepares them for management roles in actual property firms.
The path is to be had for applicants who've graduated from an identified university. No specific instructional heritage or topics are required for admission to this course. The direction gives in-intensity know-how approximately the actual property marketplace in regions associated with marketing, finance, human resource, research, etc.
MBA Real Estate is a path that offers up-to-date statistics on the community and countrywide real assets and belongings markets. It equips someone with the cap potential to make choices to speculate inside the world of competition and lay out an answer for them or on the idea of theories derived from the subject. The course falls under the umbrella of the MBA course.
The MBA Real Estate course is a pro-version since it offers the best ideas and plans and allows one to concentrate on results through development and goal-oriented labor. It makes it possible for the person to negotiate real estate in a more structured and project-specific manner. The best real estate MBA programs are provided by many colleges around the country.
Candidates who've finished the path can discover process possibilities with pinnacle actual property brokering, management, and consulting firms. They are valued for their subject-primarily based totally information of the actual property marketplace and the capacity to use their abilities in sensible situations.
Given below are a few of the important highlights of the MBA in Real Estate program:
|Course Name||Master of Business Administration in Real Estate|
|Course Duration||2 year|
|Eligibility Criteria||Graduation in any stream with a minimum of 50%|
|Age||No age limit|
|Entrance Exam||CAT, MAT, XAT, CMAT|
|Admission Process||Entrance Exam + GD/PI|
|Average Annual Fees||INR 30,000-3,00,000|
|Average Annual Salary||INR 3,50,000-20,00000|
|Top Colleges||GGSIU, Ansal University, RNB Global University, etc|
|Job Profiles||Real Estate Consultancies, Construction Companies, Real Estate Valuation Firms, Infrastructure and Property Development Firms, Architecture Agencies, etc.|
Why Study MBA Real Estate?
(2). Admission Process
The qualifying exam score of the candidate is either entirely or partially used to determine admission to the MBA Real Estate program. Admission to the course is based on a candidate's performance on a national, state-level, or college-level entrance exam. Some colleges hold their own entrance tests to determine who gets into the school.
Aspirants must also meet the minimal MBA Real Estate eligibility requirements, which include 10+2 and an entrance exam score.
Types of MBA Real Estate Courses
Both full-time and part-time alternatives are to be had to aspirants for the course. The numerous MBA Real Estate routes kinds are distinctive below:
An online MBA program lasts two years. Distance learning is the best choice for those who want to pursue an MBA in real estate management but lack the time to attend regular classes. Both from India and abroad, college students have the choice of taking a distance getting-to-know course.
The two-year MBA Real Estate program is full-time. Practical information is greater crucial in this concern than educational comprehension. The advantage of a full-time direction is that thru near touch with different college students and teachers, college students can acquire some distance greater exposure, experience, and information. A full-time study, MBA Real Estate is split into 4 semesters.
Students who are unable to attend regular classes should enroll in the part-time MBA Real Estate course. The software program lasts for 3 years. The advantage of taking a part-time path is that scholars can achieve this even by additionally working, going to school, etc. Some institutions offer part-time or distance learning MBA Real Estate programs.
Applicants who want to pursue an MBA in Real Estate Management have to make sure that they meet the eligibility standards for the course. The information about the minimal requirement for an MBA in Real Estate Management path may be observed given below. Candidates smug also check the requirements specified by their college as there may be slight variations in the eligibility criteria of different colleges.
Given below is the process of admission to the course MBA in Real Estate Management. The actual procedure can vary and candidates must always refer to their college details before applying.
Acceptance Entrance Exams
Candidates for the MBA Real Estate program must pass the admission tests in order to enroll in the program. The group that conducts the doorway examination has the choice to decide the essential cut-off scores. The very last choice technique may be open to people who skip the MBA Real Estate front test. Some of the maximum famous MBA Real Estate admission examinations consist of those indexed below:
Every sector requires a unique skill set from the people associated. The prior control of these skills increase the hiring and blending chances of the individual. Some of the most common skills needed in the Real Estates sector are listed below:
|Adapt Market Changes||Quick Analysis and decision making||Understanding of Property Valuation|
|Communication skills||Strategic Planner||Learning Aptitude|
|Interpersonal Skills||Administrative skills||Problem-solving skill|
|Listening skills||Decision-making Skill||Quantitative Analysis Skills|
|Planning skills||Ability to motivate others||Understanding of documents relating to Properties|
The MBA Real Estate fees are not fixed and depend on many factors. Some of the elements which have an effect on the MBA in Real Estate prices encompass location, faculty, demand, infrastructure, and the centers to be had by the students. The average MBA Real Estate course fee in India is around INR 3,00,000-20,00,000 PA.
|Name of College||Average Annual Fee(INR)|
|Jindal Global Business School||INR 17,00,000|
|Nirma University Institute of Management||INR 6,00,000|
|IIM Ranchi||INR 15,00,000|
|Xavier University||INR 8,00,000|
Candidates are picked in a merit-based selection process depending on how well they performed academically in their 10+2 exams. Students must take the entrance exam for entrance-based selection. Once qualified, candidates are then eligible for the next level of admission. The following admission steps differ from college to college.
(3). Course Comparison
MBA Real Estate v/s M. Sc Real Estate
Each MBA program teaches the fundamentals of business. These are some fundamental MBA talents that, when combined with work-specific skills based on core functions and concentrations, will help you land a solid position. The table below showcases the differences between MBA in Real Estate and M. Sc in Real Estate:
|Parameter||MBA in Real Estate||M. Sc in Real Estate|
|Course Name||Master of Administration in Real Estate||Master of Science in Real Estate|
|Course Overview||MBA in Real Estate Management is a two years postgraduate application that prepares a candidate for a profession within the actual property industry. The route develops the management and problem-fixing competencies of a pupil inside the actual property quarter and prepares them for management roles in actual property firms.||The M. Sc Real Estate application will permit you to apprehend the workings of actual property markets and the suitable strategies carried out to them. You will benefit from the important things and abilities important to embark on an extensive variety of careers inside the international actual property industry.|
|Course Duration||2 years||2 years|
|Eligibility||Graduation from a recognized University with a minimum of 50%||Graduation in science from a recognized university with a minimum of 50%|
|Entrance Exams||CAT, MAT, XAT, CMAT, GMAT, NMAT, MAT||JEE Main, NATA, JEE Main Paper2, GATE, CAT, MAT, XAT, GPAT|
|Average Annual Fees||INR 3,00,000-14,00,000||INR 3,00,000-20,00,000|
|Top Colleges||IIFT New Delhi: Indian Institute of Foreign Trade, IIM Ranchi, Guru Gobind Singh Indraprastha University, New Delhi||Chandigarh University, St Stephen’s College Delhi, Indian Institute of Technology Chennai|
(4). Top Colleges
Some of the top MBA in Real Estate colleges are found in India. In terms of the finest MBA Real Estate education, candidates have a wide range of options to pick from depending on their tastes. Candidates will need to make the best decision based on the type of MBA Real Estate program available. Below is the list of the best MBA in Real Estate Colleges in India:
|Name of College||Average Annual Fee(INR)||Location|
|Bml Munjal University||INR 5,80,000||Gurgaon|
|IIMT Studies||INR 3,00,000||Noida|
|Graphic Era Hill University Dehradun Campus, School Of Management||INR 2,67,000||Dehradun|
|GGSIPU||INR 1,00,000||New Delhi|
|Bharati Vidyapeeth Deemed University, School Of Distance Education||INR 30,500||Pune|
|RNB Global University||INR 1,00,000||Bikaner|
|Aarupadai Veedu Institute Of Technology||INR 80,000||Kanchipuram|
|Maharishi Markandeshwar University||INR 1,00,000||Mullana|
|RICS School of Built Environment||INR 2,00,000||Noida|
|Guru Gobind Singh Indraprastha University||INR 70,000||New Delhi|
|Graphic Era Hill University||INR 2,67,000||Dehradun|
|Prestige Institute Of Management And Research||INR 1,19,500||Indore|
|Ansal University||INR 3,00,000||Gurgaon|
|Vinayaka Missions University||INR 40,700||Salem|
|Narsee Monjee Institute Of Management Studies||INR 6,02,000||Mumbai|
|Baddi University Of Emerging Sciences And Technologies||INR 1,32,800||Baddi|
|Royal Global University||INR 2,10,000||Guwahati|
Top City-wise MBA in Real Estate Colleges
Check the table below for the top city-wise MBA in Real Estate colleges are:
|Name of City||Name of College|
|Jaipur||Vivekananda Global University|
|Arya Group of Colleges|
|Chennai||Indian School of Science and Management|
|DOMS IIT MADRAS|
|Indus Business Academy|
|Mumbai||Vivekanand Business School|
|Kohinoor Business School|
|Sri Balaji University|
Top MBA Real Estate Government & Private Colleges
There are several top Government Colleges offering quality MBA Real Estate programs across the country. Check the table below for the top MBA Real Estate government & private colleges in India:
|Type of College||Name of College|
|Private||Maharishi Markandeshwar University|
|RICS School of Built Environment|
(5). Job & Placements
MBA in Real Estate Management makes a scholar a well-ideal candidate for the numerous posts inside the real assets market. The talent obtained in the course of this path permits a candidate to recognize technical, felony in addition to regulatory components of the actual property market. Plus, when you consider that it's far an expert MBA course, applicants also are supplied with realistic exposure which, in addition, makes them prepared to address the demanding situations of the actual property market.
The following are some of the most well-liked Real Estate job profiles after an MBA:
|Job Profile||Job Description|
|Financial Analyst||Financial analysts track a company’s monetary overall performance and examine monetary reviews and marketplace situations to expect effects for enterprise decisions. They examine bonds, stocks, and commodities. These specialists additionally use data-pushed perception to perceive traits and determine dangers to assist their customers to make strategic monetary and funding decisions.|
|Corporate or Property Asset Manager||Through resale, management activities, and refinancing, they assist consumers in maximizing their profits on investment in real estate. By boosting revenue, cutting costs, and maximizing perceived asset worth, they increase value.|
|Real Estate Appraiser||Giving an intensive evaluation of assets or actual property is the muse of the activity description. It normally entails giving buyers, sellers, or the ones related to the actual property enterprise marketplace tests of diverse properties.|
|Real Estate Manager||Real property managers are in price of the operational factors of residential and industrial properties. They keep residences and paintings to grow their belongings' value. Their duties consist of making ready monetary statements; negotiating contractor, supplier, and supplier contracts; and supervising groups of workers individuals, and protection workers.|
|Investment Analyzer||The complicated machine of calculating the move lower back on investment of a residential or business property is removed with the useful resource of the use of an investment analyzer. They create the danger statistics plan and offer clean get right of entry to to the blessings and downsides of buying or promoting actual estate.|
|Community Association Manager||A network affiliation supervisor is chargeable for overseeing the network institutions that manage the non-unusual place regions of condominiums, cooperatives, and deliberate communities.|
|Real Estate Broker||In actual property transactions, an actual property broking serves as a middleman. Through commissions, he makes money. Although the work is properly paid for, locating customers may be tough and calls for advertising expertise.|
|Financier||Investors in finance put money into the actual property this is both already available in the marketplace or being constructed for destiny ventures. By searching on the specifics of the property, additionally, they lend cash to clients who're shopping for actual property or property.|
Below is a listing of the pinnacle corporations that rent MBA Real Estate Graduates:
|BPTP Limited||Godrej Properties|
|Ansal Properties and Infrastructures||Earth Infrastructures|
|PACL (Pearls)||Lodha Group|
The Real Estate sector is doing well in India. This sector will provide new job opportunities to real estate management professionals. Real estate is one of those industries which will never go off the market because the demand for homes and commercial spaces is always there. Some of the areas of employment for MBA in Real Estate Graduates are:
The average MBA in Real Estate salary in India for graduates is around INR 3,00,000-10,00,000 PA. MBA real estate career path is very promising and rewarding for graduates.
The table below shows the salary breakdown of MBA in Real Estate graduates in India:
|Salary Level||Average Annual Salary|
|Lowest Salary||INR 7,00,000|
|Average Salary||INR 7,44,000|
|Highest Salary||INR 12,20,000|
The table below contains the list of MBA Real Estate job profiles and their average salaries per annum:
|Job Role||Average Annual Salary(INR)|
|Community Association Manager||INR 7,00,000|
|Investment Analyzer||INR 10,50,000|
|Corporate or Property Asset Manager||INR 6,00,000|
|Relationship Manager||INR 3,00,000|
|Real Estate Manager||INR 7,70,000|
|Estate Manager||INR 7,80,000|
|Real Estate Development Manager||INR 13,00,000|
|Real Estate Appraiser||INR 3,50,000|
|Real Estate Broker||INR 2,50,000|
The real estate sector is one of the most globally recognized sectors. It comprises four sub-sectors - housing, retail, hospitality, and commercial. The boom of this zone is properly complemented via way of means of the boom inside the company surroundings and the call for workplace area in addition to city and semi-city accommodation. The creation enterprise ranks 3rd number of the 14 fundamental sectors in phrases of direct, indirect, and caused results in all sectors of the economy.
In India, the actual property area is the second-maximum employment generator, after the agriculture area. It is likewise predicted that this quarter will incur extra non-resident Indian (NRI) investment, each within the quick time period and the lengthy-time period. Bengaluru is anticipated to be the maximum preferred belongings funding vacation spot for NRIs, observed through Ahmedabad, Pune, Chennai, Goa, Delhi, and Dehradun.
Career options after MBA Real Estate Graduation
There are plenty of jobs available for MBA Real Estate students in both the public and private sectors. Depending on the specialization one has chosen, the employment roles will vary. MBA Real Estate graduates have abundant job opportunities with good salary packages that include the following job profiles:
Scope for Higher Education
Aspirants can pursue higher studies after obtaining an MBA in Real Estate. Some of the top courses for higher studies in the field of real estate are as follows:
Skills that Make You the Best MBA Real Estate Graduate
Each MBA program teaches the fundamentals of business. Therefore, whether or not you entire your MBA coursework in India or from a pinnacle commercial enterprise college in the country, you continue to want to own some essential skills. These are a few essential MBA abilities that, while mixed with work-unique capabilities primarily based totally on center capabilities and concentrations, will assist you to land a strong position.
Some of the abilities that MBA Real Estate students should have:
(1). What is MBA in Real Estate?
(2). What is the eligibility for
studying MBA in Real Estate?
(3). What is the duration of the
course MBA in Real Estate?
(4). What is the average salary of a
Fresher with an MBA in Real Estate?
(5). How can I take admitted to the
MBA in Real Estate Management course?
(6). Is an MBA in real estate worth it
(7). What are the top colleges for
studying MBA in Real Estate?
(8). What are the benefits of doing an
MBA in Real Estate?
(9). What are the job opportunities
for MBA in Real Estate Graduate?
(10). Does MBA in Real Estate program
require Work experience?
(11). Can graduates from any stream
apply for MBA in Real Estate Management course?
(12). Is MBA recommended for a career
in Real Estate?