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Real Estate has long been the domain of the second career for most of the people working in the industry. But with the advent of more courses in universities around the country, that may change for future generations. Arizona State University is now offering an MBA program for those who want to focus on real estate.

This will have 2 benefits. First, MBA programs typically have some research to go along with it that will not be funded by the industry. This in itself will be great as more seemingly non tainted data and analysis will help the reputation of the real estate markets. Second, better qualified professionals can only help those in the field. As we see the continued rise in larger real estate offices, you may see them employ the in house expert (MBA) to be availble to root out the thornier issues that arise and provide more specific services to the company they serve.

ASU had “been teaching real estate courses for some time, but not as a major or concentration,” he said. The W.P. Carey School of Business now offers an MBA with a real estate concentration and a doctorate in business administration/real estate finance.
ASU joins several schools, including the Haas School of Business at the University of California-Berkeley and the University of Cincinnati, that offer MBAs with concentrations in real estate.
“It is a big part of the national economy, and we have one of the hottest ‘laboratories’ to look at the operation of a market right in our backyard,” Mittelstaedt said.  via www.tucsoncitizen.com

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