| Program start date | Application deadline |
| 2024-09-09 | - |
Program Overview
The MSc Real Estate Investment program at Bayes Business School equips graduates with advanced analytical and practical skills in real estate investment, finance, and fund management. Through hands-on training, industry experts, and a comprehensive curriculum, the program prepares individuals for careers in real estate investment strategy, capital markets, and broader real estate areas. Accredited by RICS and recognized by IPF, the program provides a pathway to professional recognition and career advancement.
Program Outline
MSc Real Estate Investment
Degree Overview
Overview:
The postgraduate degree in Real Estate Investment is designed to equip individuals with the theoretical foundation and practical skills sought after by employers in the real estate industry. This program caters to individuals aiming for roles in real estate investment strategy, capital markets and fund management, real estate finance, or broader real estate areas including professional services. It is ideal for graduates with a strong background in quantitative techniques and an interest in developing advanced analytical and practical skills highly valued within the real estate profession.
Objectives:
- Equip graduates with a comprehensive understanding of real estate investment, finance, fund management, and risk analysis.
- Provide hands-on training in financial modelling and industry techniques through dedicated lab classes.
- Empower graduates to apply advanced methods in financial modelling, portfolio construction and diversification, debt finance and investments, forecasting, and explore specialized investment markets like REITs and unlisted property funds.
- Foster critical thinking and innovative perspectives through a robust framework of financial and real estate market theory, financial modelling, and quantitative methods in investment analysis.
- Cultivate top-quality professional skills through exceptional Business School resources.
Outline
Program Structure:
- Induction Weeks: Compulsory introduction to refresher courses, careers services, and the annual careers fair.
- Term 1: Fundamentals of real estate investment, covering core skills like valuation, financial modelling, development appraisal, market analysis, and investment decisions. Modules include:
- Investment Markets
- Applied Statistics
- Appraisal and Financial Modelling
- Economics and Market Analysis
- Term 2: Advanced applications of core skills in financial instruments, techniques, and investment market analysis. Modules include:
- Portfolios and Asset Allocation
- Investment Vehicles
- Applied Financial Analysis
- Debt Finance and Investment
- Term 3:
- Business Research Project: An extensive individual research project where students showcase their knowledge and abilities.
- Elective Modules: Choice of three electives from a selection of real estate specific modules and topics offered by other Bayes Masters programs.
Modules:
Term 1
- Investment Markets:
- Explores market structures, pricing, and performance measurement across asset classes.
- Analyzes alternative real estate markets including infrastructure and applies learnings to real-life investing scenarios.
- Applied Statistics:
- Develops strong data analysis and statistical methods skills, focusing on performance analysis, portfolio modelling, and risk analysis.
- Appraisal and Financial Modelling:
- Lays the foundation of financial principles and mathematics used across asset classes.
- Applies these techniques in cash flow modelling, valuation, and investment decision-making for real estate investments and developments.
- Explores the impact of debt financing on returns and risks.
- Economics and Market Analysis:
- Provides a solid understanding of general economic principles including business cycles, inflation, interest rates, government policies, and their application to real estate.
- Covers topics like drivers of demand and supply, rent determination, property yield movements, urban hierarchy, location, government intervention, and market analysis.
Term 2
- Portfolios and Asset Allocation:
- Delves deep into performance measurement and portfolio construction techniques used by investors to achieve target returns and manage risks.
- Applies these techniques to portfolios across countries, sectors, and regions.
- Investment Vehicles:
- Explores the structures, pricing, costs, returns, risks, and liquidity of various investment vehicles, including:
- Buying buildings directly.
- Investing through fund managers' vehicles like Property Unit Trusts or Private Equity Funds.
- Buying shares in listed companies like Real Estate Investment Trusts (REITs).
- Applied Financial Analysis:
- Teaches techniques to forecast real estate markets and assess uncertainty.
- Covers risk-adjusted metrics and investment instruments like property derivatives and tokenization.
- Debt Finance and Investment:
- Examines debt finance from the perspectives of investors and lenders, emphasizing its impact on investor returns, lender underwriting criteria, securitized debt features, and the financial system as a whole.
Assessment Methods:
- Coursework
- Examinations
- Group projects
- Presentations
Teaching:
- Teaching Staff: The program features industry experts and experienced academics, including Professor Sotiris Tsolacos, Course Director and Head of The Pensions Institute, Professor David Blake, Christopher Bourn, Stephen Lee, Alex Edmans, and others.
- Teaching Methods:
- Interactive lectures
- Seminars
- Case studies
- Guest speaker presentations
- Real-world project work
- Computer Lab Classes: Extensive hands-on training in industry-standard software and techniques.
Careers:
- Potential Career Paths:
- Investment Analyst
- Strategy Analyst
- Research Analyst
- Real Estate Investment Management
- Private Equity
- Fund Management
- Real Estate Finance
- Investment Banking
- Real Estate Consulting
- Career Support:
- Industry connections and recruitment visits facilitated by Bayes Careers Service.
- Regular job alerts and career advice.
- Bayes graduate mentoring scheme.
- Recent Graduate Employment:
- Investment Analyst, International Capital Markets Analyst, Real Estate Structured Finance Analyst, Graduate Surveyor, Property Services Project Assistant.
Other:
- The program is accredited by The Royal Institution of Chartered Surveyors (RICS) and recognized by the Investment Property Forum (IPF).
- Successful completion of the program provides a pathway to the RICS Assessment of Professional Competence (APC) and fast-tracks membership to the IPF, subject to two years of relevant professional experience.
Tuition fees are subject to annual change. Deposit: £2,000 (usually paid within 1 month of receiving offer and non-refundable unless conditions of offer are not met). First installment: Half fees less deposit (payable during on-line registration which should be completed at least 5 days before the start of the induction period). Second installment: Half fees (paid in January following start of course).
Lancaster University
Overview:
Lancaster University is a public research university located in Lancaster, England. It is consistently ranked among the top 10 universities in the UK and is recognized for its high-quality teaching, research, and student experience.
Student Life and Campus Experience:
Lancaster University offers a vibrant and diverse campus experience. Students can enjoy a range of facilities, including a library, sports center, and arts venues. The university also has a strong sense of community, with a variety of student societies and clubs to join.
Key Reasons to Study There:
High Rankings and Reputation:
Lancaster University is consistently ranked among the top 10 universities in the UK, demonstrating its academic excellence.Excellent Teaching and Learning:
The university is known for its high-quality teaching and learning, with a focus on student engagement and support.Vibrant Student Life:
Lancaster University offers a wide range of opportunities for students to get involved in extracurricular activities, including sports, societies, and arts events.Beautiful Campus:
The university is situated on a beautiful campus with modern facilities and green spaces.Strong Career Support:
Lancaster University provides excellent career support services to help students prepare for their future careers.Academic Programs:
Lancaster University offers a wide range of undergraduate and postgraduate programs across various disciplines, including: * Arts and Social Sciences * Health and Medicine * Management School * Science and Technology
Entry Requirements
Entry requirements for the MSc in Real Estate Investment at Bayes Business School:
Degree Requirements:
- A UK upper second class degree or above, or the equivalent from an overseas institution.
Quantitative Techniques Background:
- Applicants will be expected to have a good background in quantitative techniques and finance, though this is not explicitly stated as a requirement.
Work Experience:
- Work experience is not a requirement for this course.
Additional Notes:
- Applicants who have studied in the UK for the last three years may not need to take an English language test.
- Applicants who have studied in the UK at degree level for less than three years will be required to take an English language test and possibly resit it to meet the academic entry requirements.
Language Proficiency Requirements
- Bayes Business School does not specify any language proficiency requirements for this program, as it is taught in English and assumes that applicants have the necessary language skills to succeed in their studies.
- However, if English is not your first language, you may be required to provide evidence of your English language proficiency.
- You can find more information about English language requirements on the Bayes Business School website.
Additional Information
- The program website also provides a helpful Applicant Profile section, which outlines the typical profile of successful applicants to the program.
- This information can be helpful for prospective students to compare their own qualifications and experience to those of successful applicants.
I have also provided additional information that may be helpful for prospective students.
