Program Overview

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Key information

Duration: 12 months

Attendance mode: Full-time

Location: Bunhill Row, Central London

Start of programme: September 2025

Application deadline: Rolling applications

Entry year: Showing course information for 2025

Overview

Real Estate MSc Who is it for?

This master’s is for you if your goal is to succeed in real estate, in the UK or internationally, and across the residential, commercial or industrial property sectors. You may be a recent graduate from any subject (with the equivalent of a UK upper second degree), or currently working in finance or real estate, or looking for a career switch.

You already have an interest in real estate and some experience with quantitative methods. Now you’re ready to build your skills and industry connections to develop your career.

If you have a strong background or interest in quantitative methods please take a look at our MSc Real Estate Investment – you can apply for both and we will suggest which will suit you better.

Accreditation

The Royal Institution of Chartered Surveyors (RICS) accredits the course, enabling graduates to enter the RICS Assessment of Professional Competence (APC).

Why choose this course?

Connect with professionals and employers from London’s thriving real estate industry.

Take the opportunity to join our students’ Real Estate Club, our mentoring scheme and industry events.

Course objectives

On the Bayes Master’s in Real Estate, you’ll develop the essential skills for a successful real estate career: valuation, financial modelling, market analysis, development appraisal and cash flow modelling.

Choose our more UK-focused path, covering law, applied valuation and taxation, if you want to join the graduate-entry programmes of chartered surveying firms and take the RICS Assessment of Professional Competence. Or, if your ambitions lie in investment, finance, development or outside the UK, choose a path that focuses more on development and planning, investment vehicles and portfolios, or international markets.

Both paths are underpinned by robust academic theory, quantitative methods and practical experience. You’ll learn from highly experienced staff and industry professionals, who provide you with the latest industry techniques and practical tools.

Course content

The first term covers the portfolio of core real estate professional skills – quantitative methods in data analysis, valuation, investment, asset management and understanding real estate markets.

In the second term, our two core modules, applied appraisal and financial modelling, will expand on and apply the core real estate principles and methods you studied in the first term.

Your second term module choices provide two learning “pathways”.

In Term 3, you can choose two options; a general research project or research methods; each with a blend of electives.

If your aim is to join the graduate entry programme of the major UK real estate employers and take the RICS Assessment of Professional Competence, you can pick modules that tilt toward UK-specific topics in law, taxation and applied valuation. If you aim to work in fund management, finance, development or outside the UK, you can tilt toward development and planning, investment vehicles and portfolios or international markets. Either way, your choice will not pre-determine the jobs available to you.

Course structure

Induction weeks

All of our MSc courses start with two compulsory induction weeks which include relevant refresher courses, an introduction to the careers services and the annual careers fair.

Term 1

• Principles of Appraisal
• Asset and Fund Management
• Economics and Market Analysis
• Real Estate Financial Modelling

Term 2

• Applied Appraisal
• Real Estate Finance
• Plus any two of the following:
  • Real Estate Equity Structures
  • Landlord and Tenant Law
  • Applied Data Analysis
  • Development and Planning

Term 3

You may choose from the following options in your final term.

Route 1:

BBM110 General Research Project, plus three 10 credit electives

Route 2:

Six 10 credit electives, including BBM109 Career Management Skills and Research Methods

• General Research Project
• Career Management skills and Research Methods
• Corporate Restructuring
• Ethics, Society and the Financial Sector
• Project Finance and Infrastructure Investment
• Visual Basics in Finance
• Family Business
• Residential Investment
• Sustainability in Real Estate
• Advanced Modelling and Risk Analysis

International electives

• FinTech (taught in Italy)
• International Real Estate Markets (taught in Dubai, UAE)
• Investment Strategy (taught in New York, USA)
• Project Finance and Infrastructure Investment (taught in Madrid, Spain).

Assessment methods

• Course work
• Examinations
• Group projects
• Presentation

Term dates

Term dates 2025/26

• Induction: 15th September 2025 - 26th September 2025
• Term one: 29th September 2025 - 12th December 2025
• Term one exams: 5th January 2026 - 16th January 2026
• Term two: 19th January 2026 - 3rd April 2026
• Term two exams: 20th April 2026 - 1st May 2026
• Term three - international electives: 4th May 2026 - 15th May 2026
• Term three: 18th May 2026 - 3rd July 2026
• Term three exams: 6th July 2026 - 17th July 2026
• Resits: 10th August 2026 - 21st August 2026
• Additional resit week - tests only: 24th August 2026 - 28th August 2026.

Careers

Our graduates have gone on to senior roles in a range of property management and consultancy businesses, as well as financial institutions, with employers including CBRE, Investec, Hines, Savills and Latimer Homes.

Recent graduates have secured positions such as:

• Graduate Surveyor
• Investment Analyst
• Investment Professional
• Junior Asset Manager
• Sales Negotiator

Dedicated to your success

From the moment you accept your offer, you'll have access to our dedicated Postgraduate Careers Service, tailored to support your career journey.

Our Career Accelerator module, launched over the summer, provides early access to valuable resources, employer insights, and career planning tools to prepare you for the job market.

Our expert Postgraduate Careers Team, made up of experienced recruiters and career coaches offers personalised one-to-one guidance, covering everything from networking and CV building to job offer management and mock interviews.

Whether you’re pursuing a new career path, seeking an entry-level role, or launching your own business, you'll receive support to develop the skills and knowledge needed to succeed.

Fees & funding

International fee

September 2025 entry

£28,200

Tuition fees are subject to annual change.

UK/Home fee

September 2025 entry

£27,000

Tuition fees are subject to annual change.

Deposit

£2,000 (usually paid within 1 month of receiving offer and non-refundable unless conditions of offer are not met).

First installment

Half fees less deposit (payable during on-line registration which should be completed at least 5 days before the start of the induction period).

Second installment

Half fees (paid in January following start of course).

Graduate Loyalty Discount

We are offering a Graduate Loyalty Discount of 20% on tuition fees to all our alumni when applying to any of our degree courses.

Scholarships & bursaries

Scholarships, sponsorships, loans and other funding could support your education at Bayes Business School.

Entry requirements

• A UK upper second class degree or above, or the equivalent from an overseas institution.
• Work experience is not a requirement for this course.

English language requirements

If you have been studying in the UK for the last three years it is unlikely that you will have to take an English language test.

If you have studied in the UK at degree level for less than three years (e.g. 3+1, 2+1, 2+2, etc.) you will be required to provide the results of an approved English language test and possibly resit the test to meet our academic entry requirements.

Full list of approved English language tests/qualifications and minimum requirements.

Teaching staff

Course director Alex Moss is also the Director of the Real Estate Research Centre at Bayes and Course Director for the MSc Global Finance online course. He has previously held senior roles with Macquarie, Apax Partners, CSFB and BZW. Currently he's Chairman of the Research Committee of the European Public Real Estate Association and runs a consultancy business advising institutions on their listed real estate strategies. He has authored numerous industry publications and academic papers.

Alex teaches on the Indirect Vehicles and Portfolio and International Real Estate Markets modules.

Other teaching staff and moduels they teach on

Dr Mark Andrew a quantitative analyst with over 20 published papers in highly ranked journals and several governments commissioned reports on his research speciality in residential markets.

• Applied Data Analysis
• Residential Investment

Stephen Lee an internationally recognised academic, who sits on the boards of the European Real Estate Society and the International Real Estate Society. He has published over 100 papers which break new ground in the field, mostly looking at investment risks and returns, asset allocation and portfolio construction.

• Asset and Fund Management
• Indirect Values and Portfolio

Bill Rodney one of the most experienced teachers of appraisal in the country, with a specialism in the use of spreadsheet models. Bill also runs Executive Education and professional skills courses for surveying and investment businesses all over the world – which give him a unique insight into the techniques they use and skills they need.

• Real Estate Development
• Financial Modelling

Professor Sotiris Tsolacos an academic with years of practical experience. Previously a Henley Business School and with posts at JLL and Property Portfolio Research/Costar from 1999 to 2013. He is a co-author of the standard textbook on real estate forecasting.

Sotiris teaches on the Economics and Market Analysis module.

Christopher Bourn has more than 25 years' real estate experience, including private equity, investment banks and property company investor developers, with coverage in the UK and Pan European markets. Also a consultant and teacher of Excel based real estate CPD accredited training courses

• Principles of Appraisal
• Applied Appraisal
• Advanced Modelling and Risk Analysis

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