$2,575 Per credit*
$26,520 Per term (10-12 credits)*
Master of Science in Real Estate
Build a Thriving Career with a Schack MS in Real Estate
The NYU SPS Schack Institute’s MS in Real Estate (MSRE) delivers a flexible graduate degree program that immerses you in New York City—and prepares you to enter the field anywhere in the world.
Taught by top real estate professionals, the program develops expertise in finance, investment, and asset management. Students gain hands-on experience in market analysis, capital trends, policy, property management and to manage a student-run Real Estate Investment Trust (REIT). You’ll have opportunities to network with business experts and future leaders.
Build a Thriving Career with a Schack MS in Real Estate
Tuition
# of Credits
42 credits
Study Options
Online: may be completed 100% online
Hybrid: choose a mix of online and onsite courses
Onsite: all courses onsite
Onsite | Hybrid
Fall | Spring
Full-time | Part-time
Minimum Duration
18 months
*See NYU Bursar site for more info.
11.5%
job growth in this degree area
$87,900
median national salary for this degree
95.8%
of our grads working, in school, or both
7,493
Schack Institute of Real Estate alumni
Why This Degree?
The Hirsh Fellows Program
One-year immersion program for exceptional students
This highly specialized program enrolls 15-20 exceptional MS in Real Estate students for a one-year intensive immersion in Real Estate Finance and Investment to prepare them for future management and executive positions. Students start in the summer and proceed as a cohort through classes and special mentoring, networking, study abroad, case study, and guest lecture opportunities with New York’s most respected business leaders.
Real World Experiences
Real Estate Investment Trust (REIT) Investment Fund
Schack’s REIT fund is student-run, giving students direct experience overseeing a real securities portfolio, analyzing financials and making real-time investment decisions.
Learn more About Real Estate Investment Trust (REIT)
Center for Sustainable Built Environment
This Center at the Schack Institute of Real Estate seeks to advance best practices for sustainability across the many disciplines that touch commercial real estate development and construction.
Learn more About Center for Sustainable Built Environment
Global Field Intensives: Kenya
Explore Nairobi, Kenya and learn about its history and traditions, as well as its future development, social impact, and real estate market. Engage with local organizations and learn about future residential and commercial development projects.
Learn more About Global Field IntensivesWhere You’ll Go
Your career might begin at the NYU SPS Schack Institute of Real Estate, but there’s no limit to where you’ll go.
Where Our Alumni Work
- Arbor Realty Trust
- Ackman-Ziff Real Estate Group
- AvalonBay Communities
- Blackstone Group
- BNY Mellon
- Bozzuto
- Brookfield Properties
- CBRE
- Colliers International
- The Douglaston Companies
- The Durst Organization
- Extell Development
- Jonathan Rose Companies
- Kushner
- MetLife Management
- PGIM Real Estate
- Related Group
- Silverstein Properties
- SL Green Realty
- Time Equities
What Our Alumni Do
- Asset and Portfolio Management
- Acquisitions
- Commercial Real Estate Lending
- Financial Analysis
- Investment Management
- Market Analytics Director
- Project Management
- Property Management
- Risk Management & Compliance
- Commercial Underwriting
The above data is sourced from Lightcast
Alumni
You’ll find Schack Institute of Real Estate graduates building careers in every corner of the real estate business. Once they start, they don’t stop—unlocking potential for their companies and ensuring their own successful futures wherever they go.
Learning from NYU SPS professors who know what skills are needed in today’s market enabled me to understand how I should position myself in this sector.”
Learning from NYU SPS professors who know what skills are needed in today’s market enabled me to understand how I should position myself in this sector.”
Faculty
Experienced, industry-connected faculty bring real-world insights to NYU SPS classrooms and programs.
View Faculty DirectorySeeing my students' growth and their ability to innovate within the industry continually inspires and motivates me to teach."
Seeing my students' growth and their ability to innovate within the industry continually inspires and motivates me to teach."
Experiential learning
Architect Proposes Affordable Housing Solution
Architect Proposes Affordable Housing Solution
Jun 24, 2025
Dive Deeper
Frequently Asked Questions
Why choose an MS in Real Estate over an MBA?
While an MBA is desirable for some, earning an MS in Real Estate from the Schack Institute of Real Estate gives you the edge that you will need to break into the commercial real estate business. Industry leaders prefer the specialized degree in real estate over a general MBA.
Is earning an MS in Real Estate worth it?
Earning a master's degree in real estate at the NYU SPS Schack Institute of Real Estate program provides academic coursework that encompasses the spectrum of skills needed by new-entrants to real estate, as well as to those more advanced in their careers.
Why earn a master’s degree in New York City?
Earning a master's degree in real estate in New York City from the NYU SPS Schack Institute program provides you with incredible resources and the ability to network with some of the largest real estate and real estate investment firms in the world. Our MSRE students have the opportunity to hear from real estate professionals in the classroom, as well as networking opportunities at our numerous annual industry events such as the Conference on Capital Markets, the Real Estate Investment Trust (REIT) Symposium, and the National Symposium of Women in Real Estate.
Is commercial real estate a good industry to work in these days?
Commercial real estate is experiencing significant secular shifts that are spurring innovation in how we plan, use, finance, develop, and manage the built environment. These changes bring opportunity: the commercial real estate market alone supported 15 million jobs and contributed $2.5 trillion to the US GDP in 2023.
Why choose a career in commercial real estate?
Commercial real estate is as rewarding a career as it is challenging. The opportunities are endless, as real estate professionals can find successful careers in planning, finance and investment, development, property management, capital markets, and portfolio analysis. A real estate career also provides opportunities to support community development, improve energy sustainability, and advance affordable housing projects.
What can I do with an MS in Real Estate?
Schack Institute of Real Estate alumni take their places in the center of leading firms in all sectors of the industry, in New York City and around the globe. Employers include the major real estate development and investment companies, global banks, private real estate partnerships, and government organizations. Alumni join a fast-growing, rapidly changing industry, with a network of relationships, prepared to tackle the challenges and thrive in their careers.
What is the difference between MS in Real Estate and MS in Real Estate Development?
The MS in Real Estate at the Schack Institute explores real estate finance, investment, and asset management including building your skills in data analytics, legal principles, economics, the latest technology tools and analysis of real estate markets.
The MS in Real Estate Development focuses more on the real estate development process, how to finance development, understand legal, land use and regulatory frameworks, and manage design and construction.
