DESCRIPTION
The Dual Degree in Real Estate Development and Master of Business Administration
[MBRE] has been approved for implementation starting Spring of 2016. The dual
degrees combines course work from the Graduate real estate and business
management programs to enable a student to complete both the Master of Business
Administration and Master of Real Estate Development degrees with fewer total credits
than it would take to complete the two separately and sequentially.
THE CURRICULUM
The curriculum requires a total of 74 credits, combining 32 RDEV credits with 42 BGMT
credits. While the total number of credits will be less than if a student took the degrees
sequentially, there will be some interweaving of courses, but primarily the first year
will be foundational BGMT courses, with the second year being primarily MRED
courses. For students seeing the connections with general business management
theory and the skills and very applied nature of the MRED courses, is expected to
produce a coterie of students with superior skills to enter the real estate field.
The addition of the MRED degree to the dual degree MBA credits, adds an extra
semester to the standard full time MBA to make it a 2 ½ year program, or if a student
elects to take summer and winter courses a student could still complete both degrees
in a two year time frame.
Given that MRED courses are all offered in the evening, it will be very doable for a full
time College Park based student to take both BGMT and RDEV courses during the
same terms. For students in the part time programs outside of College Park, the
sequence of courses following the required BGMT courses will be worked out on an
individual basis, although the MRED program expects to offer in the future, if the
numbers of students justifies it, certain core RDEV courses at Baltimore, Shady Grove
and DC locations as well.
The proposed curriculum provides students with both the breadth of knowledge and
skills inherent in an MBA program and the specialized knowledge and applied skills
embraced by the MRED program. The proposed curriculum also provides value for
tuition paid which is critical to the success of the dual degree program. This is
accomplished not only by assuring that in 2 ½ (or even 2 years if summer and winter
courses are chosen) that students can complete both degrees in a timely fashion, but
that the cost, is less than it would be taking the degrees sequentially. (See the schedule
shown below).
APPLYING
Applications for the dual degree program, will have their application assessed by each
program individually, and may be admitted to one or the other, but not necessarily
both programs. If both programs review committees agree to offer admission to their
program than a student could proceed on the dual degree track.
For current students enrolled in either program, contact your applicable program
director for directions on how you might proceed to enroll in the dual degree program.
For those interested in applying for the dual program to start in Fall of 2016, please
contact the MRED program director for special instructions, as the formal systems
are being updated to allow direct application, but may be insufficient to apply by the
deadline of March the 1st.
Contact Margaret McFarland at mmcf@umd.edu
DUAL DEGREE CURRICULUM
MASTER OF BUSINESS ADMINISTRATION
MASTER OF REAL ESTATE DEVELOPMENT
DUAL DEGREE [MBRE]
Prerequisite: B.A. or B.S
DUAL DEGREE CURRICULUM
CREDITS
MASTER OF BUSINESS ADMINISTRATION
Core Credits
BUSI 610 Intro to Financial Accounting
BUSI 630 Data, Models and Decisions
BUSI 640 Financial Management
BUSI 650 Marketing Management
BUSI 662 Leadership and Teamwork
BUSI 681 Managerial Economics and Public Policy
BUSI 690 Strategic Management
BUSI 611 Managerial Accounting
BUSI 634 Operations Management
BUSI 621/622 Technology Core Option
BUSI 683 Global Economic Environment
Core Total
2
2
2
2
2
2
2
2
2
2
2
22
Elective Total
2
2
2
2
2
2
2
2
2
2
20
SUBTOTAL
42
BUSI 7xx Elective
BUSI 7xx Elective
BUSI 7xx Elective
BUSI 7xx Elective
BUSI 7xx Elective
BUSI 7xx Elective
BUSI 7xx Elective
BUSI 7xx Elective
BUSI 7xx Elective
BUSI 7xx Elective
MASTER OF REAL ESTATE DEVELOPMENT
Core Courses^
RDEV 689C Introduction to Real Estate Development Process
RDEV 688A Development Law, Process and Ethics
RDEV 630 Fundamentals of Real Estate Development and Finance
RDEV 689M or RDEV 689V Valuation or Market Analysis
RDEV 688E* Negotiations
RDEV 688I Capstone
Core Total
2
3
3
3
3
3
17
Core Area Requirements^
RDEV 689L* Commercial Leasing (or) other Asset Management Electives
RDEV 650 or RDEV 689N* Construction Management or Methods/Materials
RDEV 688J* Principles of Urban Design
RDEV 688G* Planning Policy, Practice and Politics
RDEV 688x Advanced Real Estate Finance Elective (Structured Finance;
Capital Markets; Tax Credit Financing, etc.)
Area Requirements Total
3
3
3
3
3
15
^Students who have completed courses equivalent to any required core or core area, or who have work experience
equivalent may substitute other RDEV courses to meet the credit requirements; there are no course/credit waivers
* Other comparable RDEV courses may be substituted to meet these requirements
Subtotal
TOTAL CREDITS FOR BOTH DEGREES
32
74
DUAL DEGREE MBA/MRED SCHEDULE+
FALL SEMESTER (1st year)
BUSI 610 Intro to Financial Accounting
BUSI 630 Data, Models and Decisions
BUSI 640 Financial Management
BUSI 650 Marketing Management
BUSI 662 Leadership and Teamwork
BUSI 681 Managerial Economics and Public Policy
BUSI 690 Strategic Management
Subtotal
Credits
2
2
2
2
2
2
2
14
Subtotal
Credits
2
2
2
2
2
3
3
16
SPRING SEMESTER (1st year)
BUSI 611 Managerial Accounting
BUSI 634 Operations Management
BUSI 621/622 Technology Core Option
BUSI 7xx Elective
RDEV 689T Introduction to Real Estate Development
RDEV 688A Development Law, Process and Ethics
RDEV 630 Fundamentals of Real Estate Finance
FALL SEMESTER (2nd Year)
BUSI 683 Global Economic Environment
BUSI 7xx Elective
BUSI 7xx Elective
RDEV 689M* Market Analysis
RDEV 688J* Principles of Urban Design
RDEV 688L* Commercial Leasing/Asset Management
Credits
2
2
2
3
3
3
Subtotal
15
Subtotal
Credits
2
2
2
3
3
3
15
FALL SEMESTER (3rd Year)
BUSI 7xx Elective
BUSI 7xx Elective
BUSI 7xx Elective
BUSI 7xx Elective
RDEV 688I Capstone (Development Project Feasibility)
RDEV 689E Structured Finance (RDEV Advanced Finance Elective)
Subtotal
Credits
2
2
2
2
3
3
14
SPRING SEMESTER (2nd year)
BUSI 7xx Elective
BUSI 7xx Elective
BUSI 7xx Elective
RDEV 650* Essentials of Design and Construction Mgt
RDEV 688G* Planning Policy, Practice and Politics
RDEV 688E* Negotiations
Total Credits:
74
+ Students who wish to complete the dual degrees within 24 months, may, if they make that decision by
the end of the first term, arrange their RDEV courses such that by taking 14 credits in Summer and Winter
terms they could complete their requirements by Spring of the Second year.
Note: Students can also complete this option by enrolling in the evening MBA program in Baltimore,
Washington, DC, and/or Shady Grove but the duration of the degree will be a minimum of 2 years. Those
interested in doing their BUSI courses other than on the College Park campus should construct a
program layout with their advisor from each program.