One of only a handful of such programs in the world, the Master of Real Estate Development (MRED) program at the David Eccles School of Business delivers the knowledge and hands-on experience you need to build and sustain a successful real estate career. What’s more, the program gives you a clear and uncommon edge in today’s increasingly sophisticated and specialized world.
A joint venture between the Eccles School and the College of Architecture + Planning, the MRED program is designed for students and professionals with varied backgrounds and experience. The program employs a flexible format, with late-afternoon and evening classes that accommodate both working professionals and full-time students.
The David Eccles School of Business offers professional career management services and a dedicated MRED career counselor to provide students with guidance on all aspects of finding a great career. Students have access to recruiting events, an exclusive jobs database, one-on-one consultations with their career coach, and unprecedented access to hundreds of real estate professionals. These resources yield powerful results for MRED graduates, including 94 percent placement within six months for the 2014-2015 graduating class and an average starting salary in excess of $70,000 per year.
We see the value in students gaining work experience while attending graduate school. In order to accommodate working professionals, MRED courses are offered primarily in the evenings, with most starting at 6 p.m. A limited number of daytime electives are also available, though the required core courses are all offered in the evenings. Once admitted, our advisor can help you determine a program of study to best fit your schedule and needs.
MRED students can attend the program full-time or part-time. Students attending full-time can complete the program in 3 semesters (12 months), and students attending part-time take 4 to 6 semesters (15-24 months) to complete the program. Full-time and part-time students have the same schedule options, and students are able to adjust their credit-hour enrollment each semester.
MRED students have the opportunity to be paired with professional mentors — industry insiders at the top of their fields. Students meet with their mentors monthly and gain knowledge and insight into their experiences, their business practices and their areas of expertise. The information and networking that emerges from these relationships is unrivaled within the real estate industry.
The real estate world can be competitive, but MRED students find that their student status opens doors that are closed to competing professionals. Many students even extend their time in the MRED program to take advantage of these unique networking opportunities. Additionally, many professional organizations such as the Urban Land Institute, CCIM, NAIOP, BOMA, CoreNet, the International Council of Shopping Centers, The Appraisal Institute, the National and Utah Associations of Home Builders, and the National and Utah Associations of Realtors offer MRED students significantly reduced membership and access fees.
MRED students, professors, mentors, and alumni participate in a shared learning experience that can create a lifelong bond. These relationships naturally offer the opportunity to interact outside the classroom and to associate professionally after graduation. It is common for students and alumni to do business together both during and after the program.