Master's in Real Estate (MPS-RE)
This one-year, STEM-designated master’s program focuses on real estate investment, financial analysis and development strategy.
- Schedule
- Full-time, 2 years
- Format
- In person
- Location
- Ithaca, NY
- Start
- August
- Requirements
- Bachelor's degree
- Total Cost
- $147,892
- Degree Awarded
- Master of Professional Studies
- This program is part of
- Rubacha Department of Real Estate
MPS in Real Estate
Real estate is shaped by capital, timing and informed decision-making. This STEM-designated master’s program prepares you to operate at the center of real estate investment, development and strategy.
You’ll graduate able to evaluate opportunities, structure deals and make high-stakes decisions with the judgment, technical expertise and industry access needed to move forward with confidence.
Why choose Cornell?
If you’re interested in a career in Real Estate, Cornell has the most comprehensive and versatile graduate program of its kind. The Baker Program’s MPS in Real Estate combines a robust curriculum, real-world learning and international experiences to get you ready for career opportunities. You’ll not only gain knowledge, you’ll make connections with career-focused student organizations and a powerful Cornell alumni network in real estate.
Ithaca + NYC experience
second-year options in a top global real estate market
End-to-end real estate training
in finance, development, design and strategy
Largest real estate faculty in U.S.
with unmatched expertise
Direct industry access
through projects, site visits and global treks
STEM-designated
and data-driven for a tech-enabled industry
Global alumni network in real estate
250,000+ Cornell alumni worldwide
Small cohort sizes
for individualized attention and mentorship
Why this matters now
Real estate is entering a new phase. Capital markets are shifting, technology and data are reshaping how decisions are made and AI is changing how quickly information can be analyzed. So leaders in this field need to know how opportunities are identified and executed.
Unlike traditional real estate programs or MBA real estate concentrations, this unique program offers the time, resources and immersive experience to deeply understand where the industry is going and how you can position yourself to help shape what’s coming next.
Program snapshot
The Cornell MPS-RE is designed to move you quickly from understanding the industry to operating within it. Through financial modeling, real-world analysis and applied decision-making, you’ll develop the technical expertise and professional judgment needed to succeed.
The curriculum spans the full real estate lifecycle, from finance and investment to development, design and market analysis, with concentrations that allow you to tailor your studies to your career goals.
A required summer internship, case competitions and domestic and international treks provide hands-on experience and direct industry access. This, along with access to NYC, a strong alumni network and the nation’s largest full-time real estate faculty, prepares you like no other to make an immediate impact and advance your career.
Innovative real estate education
Our Ivy League curriculum is taught by thought leaders, researchers and experienced real estate practitioners. You’ll gain practical experience, whether in the classroom or from a continent away. You’ll be connected to the global real estate community. Sometimes experts will come to you — a guest lecture or recruiting event — and other times you’ll go to them — at a job site, on Wall Street, in a design studio or on domestic or international treks. Either way, you’re learning from the best and making the connections you’ll need for success.
MPS in Real Estate career outcomes
Graduates move into careers across commercial real estate finance, investment analysis, acquisitions, development and asset management at some of the industry’s most recognized firms. Recent graduates have joined organizations including CBRE, JPMorgan Chase & Co., Wells Fargo & Company, Empire State Realty Trust, EY and Toll Brothers. Many enter finance-focused roles within the real estate sector, reflecting the program’s emphasis on investment analysis, capital markets and strategic real estate decision-making.
98 percent of our graduates secure job offers within six months of graduation, have access to NYC industry and a deeply engaged alumni network.
94%
received job offers
within 6 months of graduation
$106,111
average base salary
for U.S.-based jobs
85%
accepted finance-focused roles
Explore the journey Where an MPS in Real Estate can take you
The MPS-R combines real estate, finance, development and investment coursework with direct industry exposure. The journey below highlights how one student leveraged the program to transition into institutional real estate finance.
“The program prepared me for financial analysis and taught me how to think critically about real estate investment decisions.”
Rashaad Robinson, MPS-RE
From military service to real estate finance
After serving in the U.S. Air Force, Rashaad pursued the Baker Program to transition into institutional real estate investing.
-
Building a real estate foundation
- Developed expertise in real estate finance, investment analysis, and development.
- Applied classroom learning to real-world industry challenges.
- Gained exposure to multiple sectors of the real estate industry.
-
Industry immersion
- Connected with classmates, alumni, and industry professionals.
- Participated in experiential learning opportunities and industry engagement.
- Built the technical and analytical skills required for investment roles.
-
Today: Goldman Sachs
Rashaad successfully transitioned into a role at Goldman Sachs, applying the financial and strategic capabilities developed through the Baker Program to real estate investment analysis.
Curriculum overview
The MPS-RE stands out from other real estate programs in many ways. Ours offers a comprehensive curriculum that spans disciplines, opportunities to develop leadership skills and specialized sectors and topics to choose from. You can take everything from a private equity real estate course to a sustainable development class.
You can tailor your experience through concentration areas such as real estate finance and investments, development and sustainability and consulting and market analysis, to align your studies with your personal career goals.
Real estate financial modeling
Investment and asset analysis
Capital markets and financing structures
Development feasibility
Portfolio and risk management
Admissions deadlines
Applications open in September with four round deadlines April through May. Prospective students are encouraged to apply early in the cycle for priority admissions and scholarship consideration.
September
Application opens
December 1
Round 1 deadline
January 15
Round 2 deadline
March 1
Round 3 deadline
Extended to May 15
Round 4 deadline
Your path forward
If you’re ready to build capability, access and momentum in your real estate career, the next step is yours.