Master of Science (MSc)
Real Estate Specialisation
Your path to shape the skyline

The Real Estate industry plays an integral role in the worldwide economy and has become a very competitive and technically sophisticated sector.
Did you know that new development of commercial real estate and of the ongoing operations of existing commercial real estate buildings in the United States - office, industrial and retail - supported 15 million American jobs and contributed $2.5 trillion to the U.S. GDP in 2023? And that the US, the UK, Germany, France and Spain ranked at the top 10 real estate investments destinations worldwide?

The MSc in Real Estate will provide you with the necessary skills and networking to succeed in this fascinating and competitive sector, in an international business context.

Taught by world-renowned faculty and guest expert practitioners, participants will receive a cutting-edge education combining theory with real-world applicability to become leaders in the industry.

This MSc includes two terms of intensive courses in Madrid and one term in London with additional specialisation courses. Field trips to major European cities, including the Spanish coast, Paris and MIPIM Cannes, are part of the programme. 

Specialisation Objectives:

  • Global and in-depth multidisciplinary knowledge of this versatile and fascinating industry
  • Learning by doing
  • Shaping pro-active, problem-solving, and conscious professionals
  • Building an outstanding, unique and international network

Emile MOUAWAD - ESCP EuropePursuing the MSc in Real Estate at ESCP was a pivotal and crucial decision in my career. The cultural enrichment of studying in various campuses, the interaction with top level professionals, alongside the analysis of numerous case studies and an International Consulting Project (ICP) throughout the curriculum, have equipped me with the necessary skills and mentality to perform my duties at the highest level during my internship at BNP Paribas Real.

Emile MOUAWAD
MSc in Real Estate Class 2021
Project coordinator at SALY BAT, Senegal

Careers

Common job titles are:

  • Real Estate Analyst
  • Real Estate Asset Manager
  • Real Estate Investment Manager
  • Valuation Analyst
  • Development Analyst
  • Investment Analyst
  • Financial Analyst
  • Acquisitions Associate
  • PropTech entrepreneur
  • Real Estate Big Data Analyst
  • Mortgage Broker and Analyst

Industries hiring:

  • Institutional Investors and Investment Funds
  • Consultancy Firms
  • Real Estate Service Firms
  • Investment Banks
  • Investment and Development Companies

Key aspects of the specialisation


  • A specialisation of the Master Degree (Diplôme d'Études Avancées en Management International des Entreprises (DEAMIE)) *.
  • Learning by doing: Our teaching principles combine a real estate curriculum with real business cases, live case studies, seminar presentations by renowned guest speakers, networking events, and an International Consulting Project (ICP)
  • Technology driven approach to understand and work with the most advanced technologies in the Real Estate world
  • World-renowned faculty and guest expert practitioners will provide the best professional practices in an international context.
  • PropTech entrepreneurs will analyse their successes, struggles and business models
  • “Full-Time Intensive” format will allow you at the end of a short and dense tuition, to have an immediate access to decision-making leadership positions
  • Field trips and other learning experiences outside the classroom to complement the specialisation.
  • Internships all over the world for a minimun of 4 months.
  • Multicampus structure will allow participants to study in two of the most dynamic, beautiful and important capitals in Europe
  • Multicultural diversity thanks to ESCP’s global faculty and international class mix.
  • Career possibilities around the globe through our large alumni network and ESCP’s strong connections with the corporate world.

 

Scientific Director


Prof. Dr. Jaime LUQUE, Associate Professor, Madrid Campus - ESCP Europe

Jaime Pérez Luque

PhD in Economics, Nova School of Business and Economics

Research areas: residential development and mortgage lending

Executive Director


Nicolás Diaz Saldaña - ESCP

Nicolás Diaz Saldaña

RE Senior Advisor

About the Master Degree (DEAMIE)*

« Diplôme d'Études Avancées en Management International des Entreprises » (DEAMIE)
Joining this full-time Master of Science corresponds to the determination to pursue a defined professional project and gives young graduates and young executives a combination of high value skills sought by recruiters.
This programme provides academic expertise and presentation of the best professional practices. Our goal is to train experts who will be rapidly able to progress in a globalised world.
Students will obtain 1 degree: the French Master degree (DEAMIE) and 1 diploma: MSc in Real Estate. 

*This is a university level specialisation leading to an official degree in France.

2023 intake class profile

66 participants 17 nationalities

33% female 67% male

Sectors

26% Business administration 7% Communication 14%Hospitality

3% Marketing 9% Arts 47% Other

IREFIM

Discover the Institute of Real Estate Finance and Management (IREFIM), a platform sponsored by ESCP Business School dedicated to promoting education and research in Real Estate.

Find out more

Field Trip to MIPIM

A unique experience where students attend the most important real estate fair in Europe

See MIPIM

Among the three most prestigious master´s in Real Estate worldwide

Know more

Master of Science (MSc)
Real Estate Specialisation
Curriculum

Our programme targets your expertise

The MSc in Real Estate (120 ECTS) will train you to manage projects in an international business context

The specialisation complements the more traditional subjects of real estate (development, finance, investments, consulting, management, capital markets, law and taxation) with cutting edge topics such as Big Data, PropTech, Smart Cities and more, in order to provide the future leaders of the real estate industry with the necessary skills required to enter, develop and succeed in this versatile sector.
 

By combining multiple teaching methods, such as in-class lectures, workshops, business cases, field trips, online content, individual as well as group work, our students learn how to work, interact, and problem-solve in multiple scenarios and within the different specialisations that the industry offers – from banking to consulting to valuation and beyond. In addition, many of the professors also work in the professional world bringing their own first-hand experience to the table.  This is complemented by multiple networking opportunities with key industry stakeholders.

This full-time specialisation takes place over 9 months (15 months including internship and thesis) and is divided into three terms (2 terms in Madrid and 1 term in London). You have to be proficient in English to follow these courses.

NOTE: ESCP is committed to delivering the curriculum as is, unless external circumstances (such as the COVID-19 pandemic) are in the way, in which case(s) we will develop alternatives to deliver the programmes’s learning objectives.

A one-year full-time programme

The programme begins in October and is organised as follow:

CORE COURSES - TERM 1
Jul-Sep: Candidates with < 240 ECTS previous degree (or equivalent)

These six modules are compulsory only for candidates with less than 240ECTS (or equivalent)

They run in an online format between July and September prior to the campus terms. Candidates may be exempted from attending these modules based on their previous working experience (3 years required). See Admission Tab for more information.

CORE MANAGEMENT
  • Economics                                                        
  • Marketing
  • Strategy
  • Accounting & Finance
  • Statistics for Management
  • Leadership
 

COURSE MODULES- TERMS 2 & 3
Oct-March: Madrid campus| May-June: Madrid & London campus

The courses address both theory and real-life applications with a practical approach to real estate. They are taught from October to June by world renowned faculty and guest expert practitioners.

Students will also take a compulsory seminar on Ethics, Enviromental, Social & Corporate Governance.

Term 2
Oct-Dec – Madrid
Real Estate Management
  • Introduction to Real Estate Development
  • Real Estate Consulting
  • Project Management 
Real Estate Technology, Innovation and Sustainability
  • PropTech and Real Estate Innovation
  • Smart Cities and Urban Design
  • Software Technologies in Real Estate and Data Analytics
  • Real Estate Investment Trust
  • Fundraising in Real Estate
  • Sustainability and ESG In Real Estate
  • Culture, Heritage and Real Estate
Field Trips & Skills to Succeed in Real Estate
  • 1-week field trip on "Hotel Operational Management" in a Spanish coastal city
  • Effective Communication & Pitch
  • Career Development
  • 1-week field trip to Paris and MIPIM Cannes
Term 2b
Jan-Mar – Madrid
Live Case Studies
  • Live Case Study Mixed-used Real Estate
  • Live Case Study Retail
  • Live Case Study Logistics
Real Estate Finance and Investments
  • Hotels Mergers and Acquisitions
  • Introduction to Real Estate Finance and Investments
  • Real Estate Investment Funds
Real Estate Law, Economics and Meeting the Experts
  • Real Estate Law and Taxation
  • Real Estate Economics
  • Negotiation and Problem Solving
  • Roundtables with Real Estate Leaders
Term 3
May – London
  • Advance Real Estate Development
  • Advance Real Estate Data Analytics and Artificial Inteligence
  • Real Estate Capital Markets
  • Office Space and Coworking
  • Field trip and site visits in London, UK

PROFESSIONAL MISSION- TERM 4
June-Dec: A professional mission of 4 months minimum anywhere in the world

From mid-April to end December, you must complete an in-company internship of at least 4 months (though often lasting for 7-8 months). ESCP assists you in locating internship opportunities and networking with companies.
The internship is an opportunity for practical application of the theoretical concepts learned from courses, with an eye to establishing a career. In many cases, corporate employers consider the internship as a trial period for a permanent position.  

The Corporate Relations Department

The Company Relations Department is dedicated to gather placement offers from many companies. The department also organises a series of fairs involving firms, giving you many opportunities to make contact.

PROFESSIONAL THESIS -TERM 4
June-Dec: Writing and defending a professional thesis

The Professional Thesis is the best way to develop and put into practice the learning and skills the students have acquired during the programme in order to go further with the topics they are interested the most in the marketing field.

An original research

The professional thesis is an original research of a particular topic that is developed utilizing quantitative, qualitative methods and digital marketing tools to explore a specific communication trend, event or phenomenon.

Supervised by a member of Faculty

Students receives a supervision by a member of Faculty or expert in the relevant field during the development of their professional thesis. Students are oriented to select a topic of personal interest or one highly related to their profile and analyse how the issue relates to broader concepts and to other sectors and types of companies in order to draw valuable conclusions

In final

At the end of the programme, a written thesis is submitted and the best projects are invited to the campus for awarding them by their special contribution to a particular field.

Profession Thesis represents 17 of the total of 120 ECTS credits earned overt his academic year.

During this time, students will also participate in a mandatory Reasearch Seminar held by an ESCP professor. This seminar represents 3 ESCTS credits of the total 120 earned over this academic year. 

Hannah Graw


“The Master in Real Estate at ESCP has been an enriching experience, blending theory with hands-on projects that have significantly deepened my industry expertise. I particularly valued the program’s strong focus on real-world case studies, consulting projects, teamwork and networking opportunities. Overall, the program, along with its international orientation and collaborative environment, has helped me build a strong, well-rounded skill set, equipping me for a successful career in the real estate sector.  “

Hannah Graw
MSc in Real Estate Class 2024
Associate Real Estate Debt Investment at Lenwood Capital GMBH, München.

2023 intake class profile

66 participants 17 nationalities

33% female 67% male

Sectors

26% Business administration 7% Communication 14%Hospitality

3% Marketing 9% Arts 47% Other

IREFIM

Discover the Institute of Real Estate Finance and Management (IREFIM), a platform sponsored by ESCP Business School dedicated to promoting education and research in Real Estate.

Find out more

Field Trip to MIPIM

A unique experience where students attend the most important real estate fair in Europe

See MIPIM

Among the three most prestigious master´s in Real Estate worldwide

Know more

Master of Science (MSc)
Real Estate
Careers

Placement Report

Job Survey conducted among graduates from the Real Estate specialisation class of 2021.

100%
were employed 6 months after graduation

69%
have a job with an international dimension

Salary

€48,840.91 average annual salary

€14,147.06 average annual bonus

Sectors

73.1%
Real Estate

3.8%
Banking

3.8%
Luxury

19.8%
Other

Career opportunities

  • Real Estate Analyst
  • Real Estate Consultant
  • Investment Analyst
  • Property Management
  • Real Estate Finance Analyst
  • Asset Management & Investment Immobiliser
  • Valuation & Transaction Advisory
  • Real Estate Development
  • Private Equity Management
  • Market Research Consultant

Companies Hiring

Louis Vuitton Malletier - Atlantic Real Estate Europe - Rockstone - Westfort Advisors - AVENSIS - Savills- JLL -BNP Paribas – Deloitte – ING Bank – Robert Walters – Novartis ....

2023 intake class profile

66 participants 17 nationalities

33% female 67% male

Sectors

26% Business administration 7% Communication 14%Hospitality

3% Marketing 9% Arts 47% Other

IREFIM

Discover the Institute of Real Estate Finance and Management (IREFIM), a platform sponsored by ESCP Business School dedicated to promoting education and research in Real Estate.

Find out more

Field Trip to MIPIM

A unique experience where students attend the most important real estate fair in Europe

See MIPIM

Among the three most prestigious master´s in Real Estate worldwide

Know more

Master of Science (MSc)
Real Estate Specialisation
Admissions

Requirements

  • A bachelor or master degree in any discipline, preferably in business, science, architecture or engineering:
    - Minimum 240 ECTS previously acquired at a higher education institution;
    or
    -Minimum 180 ECTS for some candidates who add value to the group. We will only consider under this derogation students from prestigious institutions and/or excellent academic performance and/or first professional experience.
  • Advanced English level *: C1
    • TOEFL IBT: 95
    • TOEFL written: 600
    • TOEFL computer based: 250
    • TOEIC: 945
    • IELTS: 7
    • Cambridge: C1 level

Note: Due to accreditation regulations, students starting with less than 240 ECTS will need to obtain an additional 30 ECTS at ESCP Business School. The school will offer additional course options for those students. The corresponding fee for these ECTS is 3,300€

*If your bachelor’s degree was taught entirely in English, you do not need to take an English exam, but send a certificate from your university stating that your bachelor’s was taught entirely in English.

Procedure

Applications are examined in the order of their arrival; they must be submitted as early as possible. We have rolling admissions and limited seats available in each programme. After the application package has been reviewed by the Admission Committee, the candidate will be notified whether he/she will be invited for the final interview.

Step 1: Application form

Applications are made online. Please ensure that you take plenty of time with this form and answer all the questions there in as fully and thoughtfully as possible.

The main elements of the application include:
  • A copy of a bachelor or master diploma OR certificate of enrollment for current Bachelor studies (English or Spanish).
  • A copy of your grade transcripts covering all years of university study or the years done so far (English or Spanish).
  • Copy of passport
  • An updated CV in English
  • Motivational letter in English
  • Two recommendation letters (English or Spanish). At least one must come from a professional background.
  • Official English certificate (if applicable). Exemptions may be granted if you have studied fully in English for three or more years. If your studies were not in an English-speaking country, please apply with a medium of instruction confirmation letter from your university to be considered for exemption.

Optional:

  • If you do not have an official English certificate obtained within the last 2 years, you will be invited to take the ESCP English Proficiency Test, which is completely online.

Remember that you need to submit all the required documents, including English test results, before the application deadline, so if you need to take the ESCP English test, make sure you send your application well before the application deadline to have enough time to complete it.

Please ensure that all required supporting documents are scanned and uploaded during the online application process.

Please note: for full details of the application requirements, please see the online application. An application fee of €130 is required to cover processing of the application.

Step 2: Personal Interview & Exam

Students holding an official English score (taken within the last two years) are waived to take the ESCP English Proficiency test and must submit a copy of the result of these tests in their application file.

Candidates whose written application and admission exam are accepted will be invited for an individual interview, which plays an essential role in assessing the abilities and motivation for joining the program. Interviews take place from November to September each year.

Step 3: Confirmation

Admission decisions are sent out by email and post within two weeks of the Admissions interview. 
From the moment of the notification, students have a maximum of 10 days to pay the registration fees and thus, confirm their place.

Admission Calendar

To start or continue an application for the September 2025 intake, please click here.

 

Application
Sessions
Application
Deadline
Interview 
Dates
November 10 Nov 2024 26-27 Nov 2024
January 12 Jan 2025 28-29 Jan 2025
February 9 Feb 2025 25-26 Feb 2025
March 2 Mar 2025 18-19 Mar 2025
April 30 Mar 2025 22-23 Apr 2025
May 4 May 2025 27-28 May 2025
June 18 May 2025 4 Jun 2025
July * 15 Jun 2025 1 Jul 2025
September * 24 Aug 2025 3 Sep 2025

(*) only available for candidates with at least 4 years of previous studies or more (minimum 240 ECTS or equivalent). Due to the time required to obtain the Student visa, these admission sessions are only available for European students or those who have a European passport.

2023 intake class profile

66 participants 17 nationalities

33% female 67% male

Sectors

26% Business administration 7% Communication 14%Hospitality

3% Marketing 9% Arts 47% Other

IREFIM

Discover the Institute of Real Estate Finance and Management (IREFIM), a platform sponsored by ESCP Business School dedicated to promoting education and research in Real Estate.

Find out more

Field Trip to MIPIM

A unique experience where students attend the most important real estate fair in Europe

See MIPIM

Among the three most prestigious master´s in Real Estate worldwide

Know more

Master of Science (MSc)
Real Estate Specialisation
Fees & Financial

Fees
Intake 2025

  • Application fee: €130
  • Tuition fee: €25,400*
  • Term 1 (for candidates with less than 240 ECTS credits): €3,300

Applicants who are offered a place must confirm their acceptance and pay a non-refundable deposit of €3,000, which will be deducted from the total tuition fees.

If a student extends their enrolment prior to graduation, either to complete an internship or to retake courses not yet passed, an additional fee of €1,000 will be applied for each extended academic year. 

* Note:
Tuition Fees include the ESCP Alumni lifelong membership, administrative & service costs, as well as the SOS international mobility support.
 Travel & accommodation costs are not included for all classes on ESCP campuses.   
Travel and accommodation expenses for mandatory field trips are covered as follows:
Marbella: Accommodation, travel, breakfast, and lunch are included.
Paris: Accommodation, travel, and breakfast are included.
For the intercampus experience:

London: All academic sessions are included in the tuition fees. However, students are responsible for arranging and paying for their own travel, accommodation, and meals.
Other expenses, such as housing, visa, etc., are excluded. 

Scholarships

The MSc programmes at ESCP Madrid are pleased to offer a range of scholarships designed to support deserving candidates who have demonstrated academic excellence, face financial constraints, and/or contribute to the diversity of our cohort.

These scholarships are awarded based on academic merit, high potential shown during the admission process, and our commitment to assisting outstanding applicants from diverse backgrounds who may encounter financial barriers.

Given the high volume of applications our MSc programmes receive each year, we aim to prioritise those who apply early. To this end, 66% of the available scholarships will be awarded during the first three admission sessions (November, January, and February) and the remaining scholarships will be distributed in the subsequent admission rounds (March, April, and May).

 As a student enrolled in the MSc in Real Estate, you may be eligible for the following scholarship opportunities*: 
 

(*) These scholarships are not compatible with those offered under the agreements with Colfuturo, Icetex, Funed, or Ifarhu.

Excellence Scholarship

Value:€4,500

Eligibility: This scholarship is intended for applicants who have achieved a high GPA and/or demonstrated exceptional performance during the admission process.

Process: These merit-based scholarships are awarded at the end of each admissions round. All applicants are automatically considered upon submitting their application—no additional documents are required.

Deadline: Scholarship results are announced via email to all the enrolled candidates within one week after the admission results are published.

Ibero- American Talent Scholarship (LATAM countries, Spain and Portugal)

Value:€2,500

Eligibility: Open to nationals of the region for all the MSc programmes. Candidates must hold citizenship from a country within the LATAM and IBERIA region and be fully enrolled for the intake. Applicants with more than one nationality are also welcome to apply. In addition, candidates must have strong academic and/or work experience in the LATAM or IBERIA region.

Process: These merit-based scholarships are available to all enrolled applicants from Ibero-American countries at the end of each admission session. All eligible applicants who have demonstrated academic excellence and/or relevant work experience are automatically considered—no additional documentation is required.

Deadline: Scholarship results are announced via email to all the enrolled candidates within one week after the admission results are published.

Need-Based Scholarship

Value:

  • €6,000 (for candidates enrolled by March 30th, 2025)
  • €3,000 (for candidates enrolled by June 20th, 2025)

Eligibility: This scholarship is open to all candidates who have been admitted and enrolled in one of our MSc programmes and can demonstrate financial need.

Process: Admitted and enrolled candidates interested in this scholarship must complete the scholarship form- application provided by your admissions manager- by March 30th or June 20th, depending on their admission session and when they confirmed their place.

Additionally, the following documents must be uploaded:

 

  1. A personal statement outlining in detail why you should be awarded the scholarship. The submission can be in any format (video, essay, art, etc.), but it must clearly explain your current financial situation.
  2. The last three payslips. If you are currently unemployed or are not the person financing the programme, you must provide the last three payslips of the person financing the programme.
  3. Annual income tax returns from the past two years of the person financing the programme.
  4. Any other official documents certifying your current financial situation.

All documents must be submitted in English or Spanish. If the originals are in another language, a sworn translation must be provided.

Deadline: Scholarship results will be announced via email in the first weeks of April or at the end of June, depending on the date of application. The deadlines to apply are March 30th and June 20th, respectively.

Please do not hesitate to contact our Recriutment team for any questions you may have about our scholarships, we will be happy to help you.

 

EXTERNAL FUNDING OPPORTUNITIES
It is possible to attain scholarships granted independently of the School. Some countries provide scholarships for their own citizens.

FUNED Financing for Mexican students

Provide complementary financial aid and scholarships for Mexican students who wish to pursue their master´s degree abroad in top ranked universities.
Students obtain FUNED Financing + ESCP 20% tuition fee Scholarship for Mexican students. Please note that this scholarship cannot be cumulative with ESCP Scholarships and you need to be admitted and enrolled in the programme to apply for it. 

More information

IFARHU-ESCP

Provide complementary financial aid and scholarships for Panama students who wish to pursue a Master’s degree abroad at ESCP Madrid campus. Students obtain IFARHU Financing + ESCP 20% tuition fee Scholarship for Panama students. Please note that this scholarship cannot be cumulative with ESCP Scholarships and you need to be admitted and enrolled in the programme to apply for it.

More information

It is also possible to attain scholarships granted independently of the School.  Some countries provide scholarships for their own citizens. Please obtain information in your home country by contacting the relevant government bodies and foundations.

Loans & Bursaries

A programme such as the MSc in Marketing & Digital Media is perhaps the most significant investment that you will make in your professional life and your future. Below are some options to help fund your time at ESCP.

BBVA: Offers two loan options for ESCP students

Option 1: Master and Courses Loan
  • Loan holder: student or parent
  • Maximum amount: up to €75,000
  • Interest rate: Euribor + 4%
  • Repayment period: up to 8 years
  • Fixed Opening Commission: 1,50%
Option 2: Master Blue Loan
  • Loan holder: student or parent
  • Maximum amount: up to €50,000
  • Interest rate: First 6 months (Euribor + 0%), rest period (Euribor + 6%)
  • Repayment period: up to 10 years
  • Total lack of capital and interests: up to 24 months

More information

Banco Sabadell

Highlights of the ESCP´s agreement with Banco Sabadell offers two ways of financing our degrees:

  • Tuition loan. Interest-free, short -term loan up to €18,000, to be repaid in 12 months
  • Loan. Long-term loan to be repaid in a maximum of 10 years following the loan applications.

Bank Sabadell reserves the right to refuse the loan if, at the time of submission of the loan application, any circumstances pertaining the person(s) applying for the loan come to light that could alter decision regarding whether to grant the loan.

More information

Important

Any decisions regarding the loan itself are made by the banks in question and ESCP does not have any say over or responsibility for their final decision.
Conditions and requirements are set by each bank and/or institution; students are responsible to go over them directly with the bank/institution. ESCP does not guarantee that the loans will be granted.

2023 intake class profile

66 participants 17 nationalities

33% female 67% male

Sectors

26% Business administration 7% Communication 14%Hospitality

3% Marketing 9% Arts 47% Other

IREFIM

Discover the Institute of Real Estate Finance and Management (IREFIM), a platform sponsored by ESCP Business School dedicated to promoting education and research in Real Estate.

Find out more

Field Trip to MIPIM

A unique experience where students attend the most important real estate fair in Europe

See MIPIM

Among the three most prestigious master´s in Real Estate worldwide

Know more

Page Last Modified : 14/11/2024