MSc Real Estate Finance

Course overview

The MSc Real Estate Finance programme will help you understand real estate in the context of the international financial markets. The programme is designed to prepare you for a career in global real estate finance and investment management. It provides participants with the key quantitative and conceptual skills needed to make the complex decisions required in the real estate finance sector. It also places property investment into context with equity, fixed income and financial derivative products. This programme is accredited by the Royal Institution of Chartered Surveyors. It is also recognised by the Investment Property Forum, facilitating fast-track membership.

The Real Estate Finance programme is particularly suited to graduates with a degree in a quantitative discipline who wish to develop specialist finance skills that can be used in the real estate sector. This programme not only examines investment in the underlying real estate sector but also provides extensive coverage of Real Estate Investment Trusts, Real Estate Funding, Mortgage Backed Securities and Real Estate Portfolio Management.

This programme is offered jointly with our specialist finance faculty at Henley Business School, the ICMA Centre. You will gain a thorough understanding of financial theory and its application in the context of real estate assets through a combination of academic rigour and commercial relevance. The programme allows you to build a portfolio of skills and choose from a range of modules taught across the Business School.

How we teach you

Our programmes are designed and delivered by internationally-renowned experts, with a wealth of academic and professional experience. All of our programmes are regularly updated to maintain their relevance in a rapidly changing industry.

Our teaching received an excellent score in the most recent independent Teaching Quality Assessment (TQA), highlighting our commitment to maintaining a world-class learning environment. You will enjoy access to our cutting-edge research, both academic and industry, ensuring that you remain at the forefront of the field.

We believe that our students should have access to good quality resources and, in addition to the facilities offered by the University, we fund a professionally staffed Resource Centre. MSc Real Estate Finance students have access to a variety of databases, from both Real Estate & Planning and ICMA, including Bloomberg; SNL Financial; Thomson Reuters; Datastream and Costar.

Most of the modules on the programme are specifically dedicated to the MSc Real Estate Finance. Students therefore obtain the benefit of both highly focused modules and small group teaching.

We aim to create a stimulating academic environment; you will be encouraged to develop individual interests and general skills as a basis for a career in the property industry, a related field or for further study.

How to apply

Apply for 2018 entry now

There are two different application processes: apply online and apply by post.

The quickest and easiest way to apply for Postgraduate study at Henley Business School, at the University of Reading is through the University’s online application service.

This allows you to complete your application information, attach electronic copies of your academic transcripts, certificates and other supporting information and also provides a facility for an email request to be sent to your referees enabling them to send your supporting references directly to us.

Apply online

Apply online now using the University of Reading's online application system.

Apply by post

If you are unable to apply online you can request a paper application form by telephoning +44(0) 118 378 5289 or writing to the Admissions Office, University of Reading, Miller Building, Whiteknights, Reading, RG6 6AB, UK.

When to apply

We operate a rolling admissions system and it is recommended that you apply early to secure your place. There is no specific deadline and applications will be considered until the programme is full. However, to allow time for us to process your application we recommend that you apply by the following dates for admission in October:

  • UK/EU applicants: by 1 August
  • International applicants: by 1 June

After you apply

You will receive a confirmation email when we receive your application form. Your application is then reviewed by a member of staff. Successful applicants will receive a formal offer letter outlining any necessary entry cri­teria you will need to meet and you will be asked to confirm your acceptance of this offer.

A (non refundable) deposit of between £500 and £1,000 (depending on the programme you have applied for) is payable upon acceptance of an offer of a place. International applicants requiring a Certificate of Acceptance for Studies (CAS) for a visa will be sent the CAS details by email once all conditions of the offer have been met, and the relevant deposit has been paid.

Throughout the admissions process we will keep you updated with key information via email. We also provide opportunities to interact with faculty and staff online.

You can find us on Facebook and keep up-to-date with news and events in the School or ask us a question. In addition, you can speak to a current student; our students and alumni are always happy to share their Henley experience.

Meet Us

If you are unable to attend a postgraduate event please get in touch with our team.  We will be happy to speak to you by telephone, on Skype or through our Live Chat system (during UK office hours: 9 - 5 pm).

Our contact details are: postgraduate@henley.ac.uk or telephone: +44 (0) 118 378 7593.

Please see our list of world fairs below where you can meet a Henley representative. 

UK

  • QS Connect Masters 121, London

    Read More
  • QS World Grad School Tour - London

    Read More

EUROPE

  • Study UK International Education and Career Fair, Nicosia

    Read More
  • QS World Grad School Tour, Rome

    Read More
  • QS World Grad School Tour, Bologna

    Read More
  • QS World Grad School Tour, Milan

    Read More
  • QS World Grad School Tour, Thessaloniki

    Read More
  • QS World Grad School Tour, Athens

    Read More

ASIA

  • IDP Korea Global Education Exhibition

    Read More

INDIA & THE MIDDLE EAST

  • Study UK UAE Business Study Tour - Dubai

    Read More
  • Study UK Exhibition - Kuwait

    Read More

AFRICA

  • Access Masters Tour, Casablanca 2018

    Read More

AMERICAS

  • Access Masters Tour, Casablanca 2018

    Read More

Faculty & Staff

Contact Image

Contact Us

If you have any questions, please contact us by email at postgraduate@henley.ac.uk or by phone on +44 (0) 118 378 7593.

Important Information

Programme: The University of Reading’s long standing reputation in real estate ensures that students on our MSc Real Estate Finance programme have exposure to leading thinking in both academia and industry. You will have modules led by some of the world’s leading real estate finance academics. Guest speakers from industry will further enhance that experience. There will be several industry visits to leading global real estate finance companies in London and a visit to another major city.

Real Estate & Planning: Our School is the largest in the UK for teaching and research in real estate and planning. Established in 1968 at the University of Reading, we are the only major UK real estate and planning centre to be located within a business school.  Being part of the Henley Business School reflects our close and longstanding collaborative relationship with industry. We enjoy a worldwide reputation for excellence in both teaching and research and we are consistently highly ranked in all major league tables. We undertake internationally recognised, leading edge research into real estate, planning and land and we offer a comprehensive range of undergraduate and postgraduate degree courses, all of which are accredited by the Royal Institution of Chartered Surveyors (RICS). Our planning courses are also fully accredited by the Royal Town Planning Institute. Our programmes are held in high regard by leading employers, many of whom come to us each year to recruit our graduates. We are proud of our outstanding employment record, with more than 95% of our students entering graduate level jobs within 6 months of leaving us.

Henley Business School:

Consistently maintain highest standards and with an excellent networking potential : 72,000 Henley alumni members in 150 countries

High calibre students: always oversubscribed, 1,000 ambitious new Master's students join Henley each year

Award winning campus: beautiful, green, 134 hectares, with state of the art facilities

World-leading faculty: widely published, frequently asked for expert comment by media and to speak at events

Henley is proud to be part of the University of Reading.  The University is ranked within the top 200 universities worldwide (Times Higher Education World University Rankings 2016/17 and QS World University Rankings 2018) and 98% of the research is rated as being of international standard.

Course modules

The module descriptions set out on this page are correct for modules being taught in the 2017/18 academic year. Optional module listings are indicative and may be subject to change

PROGRAMME CONTENT 2017-18 Credits

Core modules

  • Real estate economics and investment  -  10 credits
  • Securities, futures & options  -  20 credits
  • Fixed income & equity investments  -  20 credits
  • Quantitative techniques  -  20 credits
  • Real Estate Finance  -  10 credits
  • Global real estate markets  -  10 credits
  • Dissertation  -  40 credits

Plus specialist electives from a range that may include: Real estate funding, Real estate securities , Real estate portfolio management, Housing economics, Financial econometrics and other selected modules offered by the ICMA Centre subject to timetable constraints.

Apply Now

Fees & funding

2018-19
Home (UK/EU)International (non EU) 
£18,250£23,250
Please note that a non-refundable deposit is payable when confirming your acceptance of an offer of a place. This is part of your tuition fee and will be deducted from the total amount upon enrolment.

Information on Scholarships for Real Estate & Planning Postgraduate students

UK/European Union Postgraduate Loans

Loans of up to £10,000 are available to eligible students studying for postgraduate Master's courses from the 2018-2019 Academic year. In general, students need to be domiciled in England.  EU students, and individuals falling within certain specified categories, may also be eligible.

You can apply for a loan through the UK Government website.  You can read more about the scheme on the Student Loans Company website or on these two UK Government sites: Introduction of loans for postgraduate students and Government response to the Consultation on Support for Postgraduate Study.

Entry requirements

2:1 degree, or equivalent, from an internationally recognised university. Evidence of satisfactory quantitative ability is required.

Applicants for our full time Real Estate programmes are generally expected to have obtained an upper second class honours degree or equivalent. The academic requirement for mature students may be relaxed in light of relevant professional experience.

Applicants whose first language is not English are required to provide evidence of proficiency*.

For the programme in Real Estate Finance it is expected that the first degree will be in one of the following areas of study: business and finance, accounting, economics, mathematics, statistics, sciences or engineering.

Applications for both programmes are accepted from 1 November each year. Please note that applications are considered as they are received and you are strongly advised to apply as early as possible. Our programmes require a £1000 deposit from successful applicants. This should be paid within one month of receipt of the offer to confirm your place.

*IELTS (British Council International English Language Test): Score of 7.0 overall with no component less than 6.0
Internet Based TOEFL (Test of English as a Foreign Language):  
Score of at least 100 with a minimum of 20 in Listening, Writing and Reading and 21 in Speaking.

Tier 4 visa pilot scheme

The University of Reading is pleased to have been selected by the Home Office to take part in a small pilot scheme, which provides Master's level students the opportunity to benefit from a streamlined visa application process, and six months extra time on their Tier 4 visa to look for work.

The pilot scheme will cover Tier 4 visa applications made for entry in the academic year 2018/19. Find out more on the University of Reading website.

Careers

This programme is ideal for those wishing to pursue a successful career in real estate finance, investment management and research. Since its launch, graduates from the MSc Real Estate Finance have secured employment at a variety of firms, including JP Morgan, Unibail-Rodamco, Schroders, CBRE Finance, LaSalle, LNR Partners, ICG Longbow, DTZ, Grosvenor and Knight Frank.

Students are supported by a dedicated careers adviser and the Reading Real Estate Foundation. Our innovative mentoring programme pairs students with professionals in the industry, both in the UK and overseas.

The School of Real Estate & Planning has a worldwide reputation and a long history of providing postgraduate education in real estate. All our postgraduate programmes open up many options for employment in the real estate industry around the world.

Our alumni association,The Reading Real Estate Foundation, organise career development and recruitment events for real estate students throughout the year. These include an evening lectures series with key industry speakers, an annual Careers Fair and our highly successful Mentoring Programme which pairs students with professionals in the real estate industry.

We have a professional Careers Development Advisor,Jane Batchelor, who helps our students with every aspect of the career development process, including identifying work placement, internships and permanent career opportunities. The MSc Real Estate Finance students also have access to the ICMA Career Development Service.

Graduates from the Reading real estate masters are highly sought after and you will be well placed to take up positions across a wide range of positions in real estate investment, finance, portfolio & fund management and research. RICS accreditation also facilitates entry into the main property service and advisory firms. Since its launch graduates from the MSc Real Estate Finance have secured employment at firms such as JP Morgan, Unibail-Rodamco, Schroders, CBRE Finance, La Salle Investment Management, LNR Partners, Grosvenor, Price Waterhouse Coopers, Savills, Knight Frank and Gerald Eve.

Reading real estate masters students generally have secured employment at a wide range of firms including:

Investment and Commercial Banks:

Barclays Capital, BNP Paribas, Deutsche Bank, Erste Group, Goldman Sachs, JP Morgan, Merrill Lynch, Morgan Stanley, UBS

Institutional Investors and Investment Funds:

Allianz Real Estate, Aviva, InfraRed Capital Partners, Invesco, Legal & General, M&G Real Estate, PATRIZIA Immobilien and Union Investment

REITs and Property Companies:

British Land, Grosvenor, Hammerson, Hines, Land Securities, SEGRO and Vastned

Consultancy and Research Firms:

Accenture, Ernst & Young, Fitch Ratings, IPD, PriceWaterhouseCoopers and Property Portfolio Research

Real Estate Service Firms:

CBRE, Cluttons, Cushman & Wakefield, Deloitte Real Estate, DTZ, Gerald Eve, Jones Lang LaSalle, Knight Frank and Savills

Accreditation Information

The MSc Real Estate Finance is accredited by Royal Institution of Chartered Surveyors. It is also recognised by the Investment Property Forum (IPF), facilitating fast-track membership.