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Master in Real Estate
120 ECTS
*excl. 350 EUR enrolment fee and 100 EUR application fee
The global real estate industry is evolving rapidly with developments in investment, digitalisation, AI, and sustainability. As one of the largest wealth-generating sectors worldwide, it presents immense opportunities for growth and creating lasting value. Frankfurt School's full-time, RICS-accredited and English-taught Master in Real Estate (MSc) prepares professionals to capitalise on these trends with a future-focused, globally-oriented approach.
The Master of Science in Real Estate offers a flexible 3-day model that supports part-time work. Students also benefit from personalised mentoring, connections with industry experts, and a global network of real estate companies and alumni.
Rankings & Accreditations
The Real Estate Masters programme has achieved full RICS accreditation for the maximum period of five years. This prestigious accreditation sets the standard for international real estate education.
Frankfurt School is among the top European Business Schools. Accredited by AACSB, EQUIS and AMBA, the three leading international associations of business schools, Frankfurt School is one of the few institutions worldwide that has been awarded "Triple Crown" accreditation.
Partners
FS Real Estate Club
The FS Real Estate Club connects alumni, FS REI partners, and lecturers within the real estate industry, offering students early access to industry connections, internships, and career opportunities.
Partners and lecturers can engage with the community by sharing expertise and discussing industry topics.
Alumni can give back by mentoring students and contributing to the future of the sector, making the club a vital link between education and the real estate industry.
With the establishment of the Real Estate Club, FS will focus intensively on real estate teaching, research, executive education, and impact events for the constant exchange of knowledge and the highest quality standards.
FS Real Estate Institute (FS REI)
The Frankfurt School Real Estate Institute (FS REI) was founded in November 2023 with the participation of numerous high-ranking representatives from leading companies in the real estate and financial sectors. Frankfurt School has established a new center of excellence focused on key issues in real estate and finance. The institute is sponsored by 19 corporate partners.
The FS REI, which is part of the Finance Department at Frankfurt School, is headed by Prof. Dr. Kerstin Hennig.
Curriculum
The Real Estate Master's curriculum supports innovative thinkers ready to excel in real estate. Our programme equipa you with the tools to thrive in diverse real estate environments including banks, advisory firms, and corporations with a specialised skills in development, investment, and asset management. Gain technical and analytical expertise necessary to address current and future challenges in real estate finance and real estate development to excel in this dynamic industry.
Learning Goals
First year
1.1 Students gain an deep understanding of current theories and concepts in the real estate value chain and relevant interdisciplinary areas such as macroeconomics and law.
1.2 Students can assess and reflect on complex real estate and financial problems in an analytically and conceptually sound manner, taking into account the effects of macroeconomic dynamics and future-relevant areas (e.g. sustainability, digitalisation) that have a significant impact on the industry. Students understand current economic and real estate industry research.
2.1 Students can apply and create advanced models for real estate products and solutions by evaluating the importance of different information sources and potential shortcomings of data sets and models. Analytical approach is based on critical reflection and mathematical rigor.
2.2 Students analyse financial and real estate problems by applying scientific methods and well-founded theoretical and methodological approaches that appropriately adapt the theories, quantitative and qualitative methods, and analytical tools.
Second year
3.1 Students present their knowledge in a convincing and well-structured manner in writing, presenting, discussing and defending research-based findings in interdisciplinary fields of research and application.
3.2 Students reach common goals by effective teamwork. They recognise conflict potentials and reach target-oriented solutions for complex situations. Students use interdisciplinary training to communicate research findings and theoretical assumptions to different audiences to cater to diverse backgrounds and perspectives.
4.1 Students understand and reflect on ethical and social implications as well as personal and cultural differences of their recommendations and decisions in an international environment.
4.2 Students understand the ethical and legal responsibilities and consequences arising from real estate products, developments, ESG requirements, AI implications, and management practices.
Meet us!
Learn more at one of our online Master info evenings and find out which programme is your best fit.
Or, join us on campus to meet Master programme representatives, professors, and industry experts at our Open Campus Nights.
Personalise your Master in Real Estate
3 Day Model
The Master in Real Estate programme offers a distinctive approach known as the 3 Day Model, allowing students to balance part-time work with full-time studies. Classes take place three days a week, providing ample opportunity for self-study, language courses, or part-time employment during the remaining weekdays. Additionally, join block week lectures or excursions.
Entrepreneurship Centre
The Entrepreneurship Centre inspires ideas, fosters connections, and offers training opportunities to Frankfurt School students, all in partnership with external stakeholders like investors, alumni, founders, and partners. Join our Incubator for continuous support or jump start your project through our Accelerator programme. You can also choose the Entrepreneurship elective in collaboration with TechQuartier during your fourth semester to enhance your specialisation with a double focus.
Electives
In your fourth semester, dive deep into specialised areas of interest and choose two elective courses to supplement your master coursework. From Data Basis & Cloud Computing to Risk & Crisis Management, these electives align with your professional aspirations and broaden your knowledge beyond the core curriculum.
Study Abroad
Frankfurt School collaborates with over 90 universities worldwide specialising in real estate, finance, and business education. This collaboration offers you the opportunity to explore different cultural and academic environments, gain international study experience, and expand your global network. With our partner universities, students can study abroad and prepare for a successful international career in the global real estate industry.
Student Life
Frankfurt is Europe’s commercial centre, home to leading global corporations, consultancies, cutting-edge tech firms, and startups – and, of course, the European Central Bank. Frankfurt School is at the heart of this vibrant community, with strategic partnerships to conduct pioneering research and innovative developements in real estate, finance, data science, and management.
'If you are interested in real estate, the Master's programme offers a great opportunity to get to know the different facets of this diverse subject. Prof. Dr Kerstin Hennig has a special way of motivating her students by challenging and skilfully encouraging them, and during the course you get to know the major companies in the sector. A Master's degree programme in real estate was definitely the most important step in my personal and professional development.'
Luisa Altmann,
Investment Management at Commerz Real
"The Master's programme in Real Estate with Prof. Dr. Kerstin Hennig provided me with the technical and analytical skills to meet current and future challenges in the real estate industry in the best possible way through a combination of theoretical knowledge and practical case studies. With this knowledge and the programme's strong network, I have succeeded in developing a valuable foundation for my professional career."
"We at Art-Invest Real Estate very much support the establishment of the new Real Estate Master's program at Frankfurt School, as our industry urgently needs qualified young talent due to the ever-increasing demands, the course content conveys the current state of knowledge in the industry and Frankfurt School attaches great importance to practical relevance and academic excellence."
"If you want to advise demanding and internationally oriented clients, you also need outstanding and internationally trained junior staff. The Frankfurt School of Finance and Management with its Master's program provides the ideal basis for this. We therefore actively support the Master's program and are convinced that it will ultimately provide decisive added value for our clients."
"The current situation in the real estate industry is often referred to as the “crisis in the real estate market”. Society and economy in a process of ecological and social transformation. The real estate industry must rethink the construction and management of real estate, structuring of financing, transactions and fund products. Collaboration within different disciplines and an international exchange are the basis for a new future-oriented, solution-oriented approach. An MSc programme forms the necessary basis for future holistic real estate experts."
"The current crisis in the real estate industry is an interest rate crisis combined with simultaneously heightened sustainability requirements. There have never been so many conflicting goals to resolve for the real estate industry to fulfill its societal function. Therefore, new ways are needed to attract and inspire young people. An MSC programme is essential for this."
The real estate industry is now in a very different place — even compared to a decade ago. Cross-border capital flows shape markets and drive policy; private equity paves the way for further financialization; sustainability infrastructure and data centers emerge as distinct asset classes; and technology permeates the entire property life cycle. The Real Estate Master Programme at Frankfurt School reflects these issues and prepares students to be part of the transformation, in Germany and beyond.
Learning Experience
Frankfurt School provides a comprehensive education both on campus and off. Our innovative teaching methods in the classroom are complemented by a range of external workshops and activities to enrich your learning experience and deepen your understanding of applied real estate theories and concepts.
Frankfurt School Case Studies
We are proud to unveil our Frankfurt School Case Studies, a series of dynamic, hands-on explorations in financial engineering, real estate investments, and development. Our curriculum seamlessly integrates our tailor-made FS Case Studies to help you bridge the gap between theory and practice.
Guest Lectures, Talks & Conferences
The Master in Real Estate programme offers numerous opportunities for you to engage with industry experts through guest lectures, talks, and conferences. These events provide exclusive industry insights, exceptional networking opportunities, and real-world perspectives that complement the academic curriculum and enhance your overall learning experience.
German Classes
The Master in Real Estate is conducted in English, but we understand students' desire to live and work in Germany both during and after graduation. To support students getting the most out of their time in Frankfurt, Germany's most international city, we offer free German language classes throughout the programme. We also actively encourage our international students to study German prior to their arrival, as German proficiency can significantly enhance employment prospects.
Career
Our Career Centre offers you individually tailored support to help build a professional network and advance your international career. Whether you need job placement assistance, employment guidance, or resume writing services, they are here to help you prepare for the job market. Plus, our extensive network of corporate connections and alumni provide countless job opportunities as well as an exclusive network, while guest lectures and company visits give you insider views into industry trends.
Employment Insights
The real estate industry is enterprising and dynamic, central to the growth of economies and the development of communities worldwide. During your MSc in Real Estate at Frankfurt School, you will explore diverse career opportunities in this sector, blending finance, market analysis, and property development. Explore the wide range of careers that drive this industry below.
Employment by Industry
- Banks
- Advisory Firms
- Asset Management Firms
- Development
- Private Equity Firms
- Boutiques
- Investment Firms
- Public Authorities
- Brokerage Firms
Employment by Function
- Sustainability Advisor
- Real Estate Digital/Data Expert
- Investment Manager
- Asset Manager
- Urban Development Expert
- Transaction Advisor/Manager
- Business Developer
- Strategy Consultant
- Real Estate Consultant
- Risk Manager for Real Estate
Finance your Master in Real Estate
Your degree is an investment in your professional future. As a business school of international renown, we offer you more than just ideal conditions for obtaining your degree – we offer you all the support and excellent prospects you need to kickstart your career.
MOMENI Group Foundation
"The academic ambitions of outstanding students should not fail because of financial circumstances."
Dr. Martina Momeni,
MOMENI Group Foundation
MOMENI Scholarship
The MOMENI Group Foundation is providing a prestigious scholarship for students pursuing the full-time Master in Real Estate to empower the next generation of leaders in the real estate industry.
- Full Scholarship: Covers complete tuition
- Duration: 2 years
- Application Requirements: Submit a complete application (see requirements) along with a motivation letter specifically for the MOMENI Scholarship
Apply
Requirements
- First academic degree of at least 180 ECTS (Bachelor or equivalent), preferably in business or economics
- Proficiency in English (TOEFL – min 90 iBT / IELTS Academic – min. 7.0 / CAE B or equivalent)
- Valid GMAT/GRE score or BT Methods*
- Successful admissions interview
*Please note: The BT Methods can be taken only once.
An application fee of 100 EUR applies.
Deadlines & Discounts
| Early Bird (EUR 4,000 discount)* |
30 November 2024 |
| Early Bird (EUR 2,000 discount)** |
31 March 2025 |
| Final Application and Scholarship Deadline | 30 June 2025 |
*To secure the first EB discount you must receive admission by 31 March
**To secure the second EB discount you must receive admission by 30 June
***Internal applicants are not eligible for the early bird discount. Instead, they receive an alumni discount.
Please complete your application as soon as possible as there are financial advantages for candidates who submit early.
FAQs about Master in Real Estate
What scholarships can I apply for?
You have a variety of scholarship options to apply for: partial scholarships provided by Frankfurt School (Frankfurt School Scholarships and the Diversity Scholarships), the needs-based, full-ride MOMENI Scholarship, the needs-based, German educational background KPM Scholarship, or even the Deutschlandstipendium.
Is it hard to find a job in Frankfurt as an international student?
Frankfurt is the most international city in Germany, and Frankfurt School is proud to have a vibrant international student body. We offer free German classes to support your career in Germany, we have a Career Centre devoted to helping you find your dream job in Frankfurt (and beyond!), and we have a strong alumni network ready to connect with you and guide you. We're all here to support you in your career journey, from polishing your CV and writing cover letters to networking with industry leaders and securing top positions in established companies worldwide.
Contact
Ella Fox
Admissions & Recruitment Manager
Lianna Mirzoyan
Recruitment & Admissions Manager