Finance and Real Estate (includes level 1 CFA examination) MSc

Finance and Real Estate (includes level 1 CFA examination), MSc

Introduction

Educating future leaders of the real estate profession, our Master's in Finance and Real Estate bridges the gap between undergraduate studies and the workforce. With two leading industry qualifications built-in, it is a valuable asset that demonstrates to the industry that you adhere to the highest standards in the world.

Contact

Email
gbs@abdn.ac.uk
Phone
+44 (0)1224 273235

Key Facts

Duration
1 Year / 2 Years
Study Mode
Full Time / Part Time
Start Month
September
Learning Mode
On Campus Learning

Interested in this Degree?

Apply Now

Overview

Combining the study of two complementary subject areas with leading industry accreditations and professional training ensures our students graduate as industry-ready - and are highly sought-after by employers all over the world.

Designed to extend your capability and range in all financial aspects of real estate and property development , this Master's offers a particular focus on commercial property valuation and investment and the study of international real estate markets.

Several key strengths include:
- your degree that is accredited by the Royal Institution of Chartered Surveyors (RICS).
- the programme runs in parallel with the globally-recognised qualification CFA Level 1, so you can take this qualification as part of the MSc, being coached by professional finance trainers.
- your degree is recognised by the well-respected Investment Property Forum (IPF) to add further allure to your CV.
- we support your understanding of finance in practice with access to market-leading financial database Thomson-Reuters Eikon.

During the year, the programme provides you with a deep understanding of the latest theoretical and numerical material:
- how do developers decide what to build?
- what is the role of the planning authority?
- how do developers acquire the land?
- how is the land value calculated?
- what are the key factors – costs and revenues - that need to be controlled?
- how do developers make their profit and when do they receive their profit?

In the summer term, in lieu of a dissertation, you can also choose to travel to Asia and study property investment and development case studies in several major cities.
Location of case studies varies each year, with previous cohorts of students visiting real estate developments in Hong Kong, Seoul, Tokyo, Singapore, Shanghai and Beijing.

We uniquely offer all of this - and more.

What You'll Study

The information below applies to the 1 year full time / 2 year part time on campus learning MSc programme which runs in September.

Semester 1

Compulsory Courses

Quantitative Methods (BU5025)

This course develops a mathematical and statistical ‘toolbox’ for PGT students in the Business School. These tools will useful in understanding and implementing research in business- and economics-related fields both during a student’s academic career as well as after graduation. The first part of the course covers basic mathematical models common across these fields. The second part of the course develops standard data analysis methods, including multivariate regression. The final part of the course examines shortcomings in the standard model and describes ways of overcoming those shortcomings.

Accounting (BU5031)

Students will gain an understanding of what financial information is for and how it is controlled by government, the stock exchanges and other institutions. Students will explore financial accounting assumptions and conventions. They will develop their technical knowledge and skills to enable them to record business transactions and prepare financial statements. Finally, students will be introduced to financial statement analysis and the calculation of key metrics. This will allow them to explore how accounting information is used by stock market participants and the impact on users of current developments and issues in accounting practice, governance and standards.

Valuation and Finance (BU5035)

The course introduces the mathematics of valuation and investment and considers the principles underlying basic valuation and investment formulae. The distinguishing characteristics of the bond, equity and property market are critiqued. The five property valuation methods are discussed via a series of lectures supplemented by tutorials/workshops in which valuation problem-solving tasks are discussed, with an emphasis on the investment method of valuation. While the focus is on real estate, the course seeks to raise awareness of the range of investment opportunities. The course seeks to develop good numeracy and analytical skills.

Real Estate Economics (BU5036)

This course aims to provide an overview of basic economic models and recent developments regarding the working of real estate markets and urban land markets. The course is intended to enable students

i) To examine real estate as a set of linked markets, functionally divided between use, investment and development

ii) To understand the dynamics of specific types of real estate markets and appreciate real estate market modelling approaches

iii) To understand the location patterns of land use within urban areas and regional development

iv) To understand the role that regulations and planning play in real estate markets

Semester 2

Compulsory Courses

Portfolio Analysis (BU5526)

This course examines theories and issues relevant to portfolio analysis. Themes include: risk and return; investment motives; the application of modern portfolio theory (including the Capital Asset Pricing Model); information and market efficiency; portfolio analysis and asset pricing; bonds and equities; real estate and derivative markets.

Financial Analysis and Markets (BU5575)

Like football, this course is a game of two halves. The first half is financial analysis and builds your ability to analyse companies and think about the implications of financial performance for investors. We will be using Datastream and the ThomsonReuters Eikon system. In the second half we will think about how stockmarkets work and how they are regulated.

Real Estate Development and Appraisal (BU5578)

This course applies the principles of valuation to more complex real world examples. Topics covered include rent reviews, compulsory purchase, property investment, property development and national taxation. Students are encouraged to critique traditional approaches to valuation and to consider contemporary alternatives. Numeracy and analytical skills are further developed along with expertise in the use of Excel. In addition, the course also covers professional surveying practice, including ethics, and stimulates discussion on contemporary issues and debates in the real estate industry.

Professional Finance (BU5849)

Becoming a Certified Financial Analyst charter holder is the aspiration of every finance industry professional. This course covers the CFA syllabus courtesy of our friends from FitchLearning who will teach you week by week and prepare you for the CFA level 1 exam. You will also write an essay reflecting on professional and academic approaches to finance

Semester 3

Introduction

In the summer term, in lieu of a dissertation, you can also choose to travel to Asia and study property investment and development case studies in several major cities.

Location of case studies varies each year, with previous cohorts of students visiting real estate developments in Hong Kong, Seoul, Tokyo, Singapore, Shanghai and Beijing.

Compulsory Courses

Real Estate Dissertation (BU5955)

The dissertation is an independent piece of work. The choice of topic is largely your own but approval must be obtained from the course coordinator and your dissertation supervisor. The dissertation should contain a large degree of original work and allow you to demonstrate in depth the skills and knowledge you have acquired on the MSc. The dissertation should be around 15000 words in length. You will be expected to show competence for independent work and to demonstrate a clear definition of the problem or subject area to be studied and the formulation and expression of a logical, workable solution.

Optional Courses

Alternatively, the following courses may be taken:

Asian Cities - Hong Kong (BU5951)

This is one of four courses that comprise the Asian Cities module. Students travel to six Asian cities (Hong Kong, Singapore, Shanghai, Beijing, Seoul and Tokyo) over approximately thirty days in July. This intense program involves daily meetings and seminars with key real estate investment and development professionals. Participants will complete four case studies based on current development projects and investment scenarios in four of six cities visited. This program follows a rigorous schedule with students engaged in site visits, lectures, discussions and seminars for upwards of 8 hours a day, 5 days a week over the month long course.

Asian Cities - Seoul / Tokyo (BU5952)

This is one of four courses that comprise the Asian Cities module. Students travel to six Asian cities (Hong Kong, Singapore, Shanghai, Beijing, Seoul and Tokyo) over approximately thirty days in July. This intense program involves daily meetings and seminars with key real estate investment and development professionals. Participants will complete four case studies based on current development projects and investment scenarios in four of six cities visited. This program follows a rigorous schedule with students engaged in site visits, lectures, discussions and seminars for upwards of 8 hours a day, 5 days a week over the month long course.

Asian Cities - Singapore (BU5953)

This is one of four courses that comprise the Asian Cities module. Students travel to six Asian cities (Hong Kong, Singapore, Shanghai, Beijing, Seoul and Tokyo) over approximately thirty days in July. This intense program involves daily meetings and seminars with key real estate investment and development professionals. Participants will complete four case studies based on current development projects and investment scenarios in four of six cities visited. This program follows a rigorous schedule with students engaged in site visits, lectures, discussions and seminars for upwards of 8 hours a day, 5 days a week over the month long course.

Asian Cities - Shanghai / Beijing (BU5954)

This is one of four courses that comprise the Asian Cities module. Students travel to six Asian cities (Hong Kong, Singapore, Shanghai, Beijing, Seoul and Tokyo) over approximately thirty days in July. This intense program involves daily meetings and seminars with key real estate investment and development professionals. Participants will complete four case studies based on current development projects and investment scenarios in four of six cities visited. This program follows a rigorous schedule with students engaged in site visits, lectures, discussions and seminars for upwards of 8 hours a day, 5 days a week over the month long course.

We will endeavour to make all course options available; however, these may be subject to timetabling and other constraints. Please see our InfoHub pages for further information.

Postgraduate Open Day

Our next Open Day will be on

Find out more

How You'll Study

Learning Methods

  • Lectures
  • Research
  • Individual Projects
  • Tutorials
  • Field Trips
  • Group Projects
  • Seminars

Assessment

The programme assesses the competency and skills that you’ll need in the financial and real estate world in a number of ways – you’ll give individual and group presentations, prepare reports, sit traditional exams, write academic essays and complete the Dissertation over the summer period.

Why Study Finance and Real Estate (includes level 1 CFA examination)?

This programme offers:

- excellence with relevance
- a 'conversion' programme that can be completed in a single year as a route to a professional career in real estate
- combine two complementary specialisms within one degree programme
- the skill sets, employable knowledge and the practical experience demanded by financial and real estate markets and appropriate techniques applied in these markets.
- the only professional accredited Master's in Scotland within a business school
- secure the global gold standard in finance, the CFA Level 1 qualification during your studies
- multi-disciplinary input (Economics, Finance, Law and construction as well as Real Estate)
- research-led education
- Investment Property Forum (IPF) has included this programme on their selected list of graduate programmes that they consider to provide the relevant skills necessary for those operating in the property investment market
- excellent employment prospects

We are also home to the Centre for Real Estate Research (CRER), which acts as a focus for interdisciplinary research in the area of Real Estate Investment and Property Market Analysis. Since inception in 1995, CRER has matured into an established and internationally recognised research grouping. It supports staff in the development of collaborative activity and seeks to shape the rapidly emerging international research agenda in real estate.

Fees and Funding

You will be classified as one of the fee categories below.

For international students entering in 2017/18, the 2017/18 tuition fee rate will apply to all years of study.

An option may be available to include our Asian Cities tour modules in lieu of the dissertation at a cost of £1,000 for the tuition fees only. Students doing this option must note that they are responsible for travel and accommodation expenses additional to this sum. Please note these fees are for the academic year 2015/16 only. All fees are subject to annual review.

Fees and Funding Table for HOME, EU, RUK and International Students
Nationality Status Amount
Home / EU / RUK Students
An option may be available to complete our Asian Cities Tour modules in lieu of the dissertation at a cost of £1,000 for the tuition fees only. Students choosing this option must note they are responsible for the travel and accommodation expenses additional to this sum.
Tuition fee for main award £13,000
International Students
An option may be available to complete our Asian Cities Tour modules in lieu of the dissertation at a cost of £1,000 for the tuition fees only. Students choosing this option must note they are responsible for the travel and accommodation expenses additional to this sum.
Tuition fee for main award £18,900
  • In exceptional circumstances there may be additional fees associated with specialist courses, for example field trip courses. Any additional fees for a course can be found in our Catalogue of Courses.
  • For more information about tuition fees for this programme, including payment plans and our refund policy, please visit our InfoHub Tuition Fees page.

Funding

View all funding options in our Funding Database.

RICS and CFA Accreditation

Study two complementary disciplines offering both RICS (Royal Institution of Chartered Surveyors) accreditation and the leading professional finance qualification, CFA level 1, during the course.

Entry Requirements

Qualifications

This programme is open to graduates from any discipline, and does not require business or management study to be completed at undergraduate level.

Our minimum entry requirement for this programme is a degree at 2:2 (lower second class) UK Honours level (or a degree from a non-UK institution which is judged by the University to be of equivalent worth).

Language Requirements

All students entering the University must provide evidence that they can use English well enough to study effectively at the University of Aberdeen.

Details of our English language entry requirements can be found on our English Language Requirements webpages. This programme requires that you meet the College of Arts & Social Sciences Postgraduate Standard level of English proficiency.

If you have not achieved the required scores, the University of Aberdeen offers pre-sessional English courses. Further details are available on our Language Centre website.

  • Nationals of some English-speaking countries or those who hold degrees from some English-speaking countries may be exempt from this requirement. Details of countries recognised as English-speaking can be found on our English Language Requirements webpages.

Document Requirements

  • Personal Statementa detailed personal statement explaining your motivation for this particular programme
  • Degree Transcripta full transcript showing all the subjects you studied and the marks you have achieved in your degree(s) (original & official English translation)

World Class Facilities

  • 24 hour access to our online Learning Support provided via our Virtual Learning environment MyAberdeen
  • Membership of the University Library, learning materials including access to core text books
  • Access to international networking and continuing professional development
  • Join our business societies such as the Entrepreneurial Society
  • Access to the Internet
  • Access to all campus facilities
  • Thomson-Reuters Eikon Trading Room

    Thomson-Reuters Eikon Trading Room

    You will have access to the UK's first university trading room. This world class facility is home to the University's Thomson-Reuters Eikon​ technology, which will support your understanding of finance in practice.

  • Sir Duncan Rice Library

    Sir Duncan Rice Library

    The University’s award winning Sir Duncan Rice Library is listed in the “Top 20 spellbinding University libraries in the World”. It contains over a million volumes, more than 300,000 e-books and 21,000 journals.

    Find out more

Careers

This MSc’s unique combined programme provides a credible platform for both finance and real estate career options – preparing students for rewarding posts in real estate finance or real estate portfolio management. Once you possess the key professional skills and commercial knowledge this programme provides, you’ll have greater scope to apply for higher-level positions and enjoy higher levels of reward.

Our MSc graduates have entered into a wide variety of employment, including professional firms, finance, real estate research, consultancy and the public sector.

Industry Links

The Real Estate Group has strong links with the profession with practitioners regularly involved in workshops and field trips

Accreditation

Accreditation and world-wide recognition from the Royal Institution of Chartered Surveyors (RICS) allows graduates to proceed to the RICS Assessment of Professional Competence (APC).

This degree is also recognised by the well-respected Investment Property Forum (IPF). All of which gives you strong advantages in the jobs market - which makes a very compelling argument for choosing Aberdeen

This Degree is Accredited by

Our Experts

Deputy Programme Coordinator
Professor Norman Hutchison
Programme Coordinator
Mr Mark Whittington

You will be taught by a range of experts including professors, lecturers, teaching fellows and postgraduate tutors. Staff changes will occur from time to time; please see our InfoHub pages for further information.

What our Alumni Say

  • Robert Plessing, Account manager at

    Robert Plessing

    Job Details
    Account manager
    Graduated
    After graduation I immediately got a job offer at KBC Bank in Brussels as account manager. The bank’s requirement for my job was 2 years professional experience, but due to the real estate focus of my degree, I got the job as a graduate.

Contact

Address
Business School
University of Aberdeen
Edward Wright Building
Dunbar Street
Aberdeen

AB24 3QY
Email
Phone
+44 (0)1224 273235
What do you think of our new Prospectus?
Feedback