If you have a degree in fields such as architecture, city planning, landscape architecture, urban studies, business, law, public policy, or engineering, please apply! Note that undergraduate degrees may be either BA/BS degrees or 5-year professional undergraduate degrees. The program welcomes applicants from other fields who have a desire to pursue a career in real estate development. The ideal candidate will also have experience in professional practice.
We welcome students from diverse backgrounds, with a diverse array of education, training, and professional experience. This diversity radically increases the educational value of the program, as students learn from each other as well as from faculty and professional affiliates.
Applicants are required to follow UC Berkeley Graduate Council and Graduate Division requirements including having a bachelor’s degree from an acceptable institution, a minimum 3.0 GPA on a 4.0 scale, and a minimum TOEFL/IELTS score (if applicable). Applicants are also expected to submit scores from the Graduate Record Examination (GRE), include at least 3 Letters of Recommendation in their application package, and have a first professional degree and/or relevant professional experience.
In addition, working knowledge of Excel spreadsheet modeling and basic financial accounting among incoming students is expected. Incoming students without such preparation will need to complete technical skill preparation courses, which are offered online at a variety of universities, for example Harvard Business School. Those students requiring such technical courses will need to demonstrate successful completion before classes commence.
The full MRED+D Program tuition is $74,000, not including student health insurance (SHIP) fees, books/supplies, and living allowances. Fees cover University of California tuition and graduate professional student fees, and provide access to university and college resources, including computing labs, printing/plotting, etc. In addition, the fee covers costs associated with students travel to the national Urban Land Institute Annual Fall Meeting.
SPECIAL APPLICATION INSTRUCTIONS
Please see the below special instructions for the MRED+D program as they pertain to the general UC Berkeley Graduate Division online application:
Program Information Section
You may choose up to 3 faculty advisers that you wish to work with, but at least 1 faculty adviser is required.
Test Scores Section
The GRE is required for the MRED+D; you may also submit the GMAT to supplement your appilcaiton. The LSAT and MCAT will not be considered.
Applicants from non-English-speaking countries must demonstrate English-language proficiency by taking the Test of English as a Foreign Language (TOEFL) or the International English Language Testing System (IELTS) examination. The TOEFL is the preferred language proficiency test for the MRED+D program; Minimum required scores are 570 for the paper-based test, 230 for the computer-based test, and at least 90 for the internet-based test (iBT). Minimum required IELTS score is a 7 on a 9-point scale.
Statement of Purpose Section
At a minimum, the Statement of Purpose should indicate, with clarity and focus, your purpose for entering the MRED+D program and why this advances your professional and personal goals. It should highlight your intellectual and practical background for graduate school, and your perspective on how the college's resources and those of the UC Berkeley campus would enable you to find an intellectual home here. You should give us a sense of who you are and why you feel that a Berkeley degree will help you reach your goals. Also, please describe what you have done, written, experienced or learned that makes you an interesting candidate and a good fit for this program. For tips on writing the Statement of Purpose, please see Writing the Statement of Purpose on the UC Berkeley Graduate Division website.
Personal History Statement Section
The Personal History Statement should include information about academic educational/professional training and experience related to real estate and/or related fields of practice. It should also convey how a combination of life experiences, idealism, role models, education and work experiences have influenced your decision to apply, as well as how any teaching, research, and professional or public service contributions you have made have promoted diversity and equal opportunity. For tips on writing a Personal History Statement, please see the Personal Statement Guide on the UC Berkeley Graduate Division website.
Real Estate Development + Design Program Section
While uploading a portfolio of work is not a requirement, we strongly encourage students to submit images of work, writing samples, and/or past projects for consideration.
Supporting Materials Section
Academic or Professional History Resume/Curriculum Vitae: Required
Sampling of Relevant Written Work: Required
Publications and Presentations: Encouraged but not required
Honors and Awards: Encouraged but not required
Website: Encouraged but not required
Survey telling us which other institutions you have applied to and the major/department: Encouraged but not required
The MRED+D covers the fundamentals of real estate markets, finance, urban economics, property and land use law, project feasibility analysis, and the details of the urban development process. But we include ‘design’ in the degree’s name for a reason. The MRED+D program goes beyond tradition, to link real estate to the world of design based on two convictions. One is that successful real estate development requires excellence in urban design, planning, and sustainability. The other is that design thinking – the iterative process of problem finding, prototyping solutions, and iterative critique – is fundamental to producing the most valued and valuable real estate projects.
Program graduates enjoy a dual edge, offering employers and clients, expertise in real estate finance and development along with a knowledge base in design and the built environment. Alumni of Berkeley’s MRED+D program are excellent candidates for careers in:
Real estate entrepreneurship
Real estate investment and development
Engineering and law firms
Architecture, city planning, urban design and landscape architecture
International development agencies and NGOs
Public housing authorities, redevelopment agencies, community development departments, or regional planning agencies
Nonprofit housing developers and community development organizations