Georgetown McDonough has launched a Masters in Global Real Estate Assets, a full-time, 12-month program developed in partnership with the Steers Center for Global Real Estate. Georgetown will host the first cohort in the fall of 2023. Photo by Georgetown
Georgetown University’s McDonough School of Business has already claimed leadership in the weaving sustainability throughout its MBA program. With a new degree announced today (December 5), School B in the US capital is also honing its ESG bona fides.
The McDonough School will launch a 12-month MS in Global Real Assets in Fall 2023; the new degree in real estate “will expand the traditional definition of this asset class to include infrastructure and integrate seismic issues of the environment, society and governance,” the school says in a press release, preparing graduates not only improve their company’s investment performance, but also ‘have a positive impact on the world’.
The $75,000 full-time program will be offered in-person in the Washington, D.C. market, in partnership with Georgetown’s Steers Center for Global Real Estate, promising significant “opportunities for experiential learning, individualized attention from from faculty and career counselors, and many alumni and professional network,” the school announced. A key incentive to apply: No Graduate Management Admission Test or Graduate Record Examination test score is required to apply. The application deadline for the first round is February 15, 2023.
NEW PROGRAM: SMALL CLASSES AND SIZE PROGRESSION
Matthew Cypher of Georgetown: The new building program builds on the school’s “Jesuit tradition of serving the common good”. photo of georgetown
Real estate is a growing area of interest for business school students, of which MBA. ESG is the most important thing in higher business education since business analytics.
With the new degree, Georgetown assumes a leadership role in both areas.
“The real estate industry is changing at a rapid pace, so we have designed the MS in Global Real Assets to prepare students to solve the critical problems of real estate assets – the structures and raw materials that drive economic growth, which include real estate and infrastructure at the core,” says Matthew Cypher, Atara Kaufman Professor of Practice and Director of the Steers Center.
As the quintessential Jesuit university, Georgetown is the logical home for such a program. “This program draws on our deep understanding and connections in real estate and McDonough’s Jesuit tradition to serve the common good,” says Cypher.
WANTED: THOSE “WHO INTERESTED IN FOCUSING THEIR CAREER ON REAL ASSETS”
The new program will be taught using a cohort model, with small class sizes and step progression. It promises to equip students “to explore multiple career paths, particularly in infrastructure, real estate, financial services, risk management, energy, consulting, government, non-profit organizations and technology”.
The curriculum for the new program will combine the study of the built environment with business fundamentals, all through the lens of ESG. “The program begins with an opening residency and includes a clinical course where students work on underwriting real estate transactions,” the school announced. The program culminates in a global project for which students will go abroad “to see how the most dynamic intersection of real estate, infrastructure and ESG issues evolves in real-world situations and meet industry leaders and alumni as they craft their recommendations.
“Georgetown’s MS in Global Real Assets is an excellent opportunity for young professionals to launch an expanded career in real estate assets, enhance their current career in real estate, or pivot into the industry,” says Nita Swinsick, Associate Dean for Graduate and Executive Program Admissions. . The $75,000 award includes tuition plus specified meals and hotel accommodations for the global residency.
“We welcome applications from people with any area of undergraduate study interested in focusing their careers on real assets,” says Swinsick.
Learn more about Georgetown’s new MS in Global Real Assets here.
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