Founded in 1900, the School of Business established one of the first five business programs in the nation. That entrepreneurial spirit remains strong. 

As a student in the School of Business, you will find yourself inspired by peers, staff, alumni, business leaders, and world-renowned faculty who are focused, collaborative, and engaged in every aspect of the student experience. You will join a highly ranked program that equips you to meet both academic and career challenges. Employers value School of Business graduates because of the comprehensive preparation this learning environment provides. Graduates possess highly sought-after general management and specialized expertise in business. 

Joining collaborative, inspiring, trustworthy, and progressive Wisconsin School of Business alumni, Business Badgers graduate prepared to lead their organizations to success and transform the world of business. Together Forward!

Wisconsin’s two-year MBA in Business: Real Estate and Urban Land Economics offers the kind of in-depth real estate graduate education you won’t get anywhere else. World class faculty in the classroom, hands-on projects and case studies, international travel, and the unique Applied Real Estate Investment Track (AREIT) program in real estate investment trust management. You’ll interact with cutting edge real estate faculty and influential alumni and other leaders in the real estate industry on the Graaskamp Center Board of Advisors. Together, they make up a powerful web that connects and complements your experience in the program and beyond. U.S. News & World Report ranks Wisconsin MBA in real estate in the top three in the US. See the program website for more information.

Admission consideration for the MBA program requires a four-year undergraduate degree or the equivalent, in any discipline, from an accredited institution. The School of Business seeks a minimum of two years of full-time work experience along with a strong undergraduate performance. In addition to academic credentials, GMAT scores and work experience, personal achievements, motivation, communication skills (written and oral), international exposure and recommendation letters are considered in the admission process at both the master's and doctoral levels.

Note: The Graduate Management Admission Test (GMAT), taken within five years of the starting term, is required of all applicants to the School of Business; the Graduate Record Exam (GRE) may be an acceptable alternative on a case by case basis. All applicants whose native language is not English must submit scores from the Test of English as a Foreign Language (TOEFL), the Pearson Test of English (PTE), Intensive English as a Second Language (IELTS) or show the completion of an Interlink program. A minimum iBT TOEFL score of 100 or equivalent, obtained within two years of the intended start term, is required. International applicants who have completed a degree at an institution whose primary language of instruction was English may request a waiver of this requirement on the application.

How to Apply

Students interested in Business degrees do not apply through the Graduate School application system and should instead refer to the School of Business Admissions page.

Graduate School Resources

Resources to help you afford graduate study might include assistantships, fellowships, traineeships, and financial aid. Further funding information is available from the Graduate School. Be sure to check with your program for individual policies and restrictions related to funding.

Program Resources

Prospective students should see the program website for funding information.

Minimum Graduate School Requirements

Review the Graduate School minimum academic progress and degree requirements, in addition to the program requirements listed below.

Major Requirements


Face to Face Evening/Weekend Online Hybrid Accelerated
Yes No No No No

Mode of Instruction Definitions


Minimum Credit Requirement 57 credits
Minimum Residence Credit Requirement 29 credits
Minimum Graduate Coursework Requirement Half of degree coursework (29 credits out of 57 total credits) must be completed graduate-level coursework; courses with the Graduate Level Coursework attribute are identified and searchable in the university's Course Guide (
Overall Graduate GPA Requirement 3.00 GPA required.
Other Grade Requirements The Graduate School requires an average grade of B or better in all coursework (300 or above, not including research credits) taken as a graduate student unless conditions for probationary status require higher grades. Grades of Incomplete are considered to be unsatisfactory if they are not removed during the next enrolled semester.
Assessments and Examinations Contact the program for information on required assessments and examinations.
Language Requirements Contact the program for information on any language requirements.

Required COURSES

Year One
Fall Semester
GEN BUS 704 Data to Decisions3
ACCT I S 700 Financial Accounting3
FINANCE 700 Introduction to Financial Management3
M H R 706 Leading and Working in Teams1
MARKETNG 700 Marketing Management3
REAL EST 710 Real Estate Finance3
REAL EST 765 Contemporary Topics (Topic: International Real Estate)1
Spring Semester
M H R 723 Business Strategy2-3
OTM 700 Operations Management2-3
OTM 732 Economics for Managers2-3
REAL EST 715 Techniques of Real Estate Valuation3
or FINANCE 635 Security Analysis
REAL EST 740 Real Estate Equity Investment ((non-AREIT students may take another elective instead))3
Summer Semester
GEN BUS 750 Professional Experience in Business1
Total Credits30-33

Real Estate Track1

Year Two
Fall Semester
GEN BUS 710 Ethics, Integrity and Society1
REAL EST/​URB R PL  720 Urban Economics3
REAL EST 712 Real Estate Law3
or REAL EST 750 Commercial Property Development
Spring Semester
REAL EST 712 Real Estate Law3
REAL EST 770 Commercial Real Estate Finance3
REAL EST 765 Contemporary Topics (Topic: International Real Estate - MIPIM trip)1
Total Credits24

Applied Real Estate Investment Track (AREIT)1

Year Two
Fall Semester
GEN BUS 710 Ethics, Integrity and Society1
REAL EST 799 Reading and Research-Urban Land Economics5
REAL EST/​URB R PL  720 Urban Economics3
Spring Semester
REAL EST 799 Reading and Research-Urban Land Economics2
REAL EST 715 Techniques of Real Estate Valuation3
REAL EST 770 Commercial Real Estate Finance3
REAL EST 765 Contemporary Topics (Topic: MIPIM trip)1
Total Credits25

Graduate School Policies

The Graduate School’s Academic Policies and Procedures provide essential information regarding general university policies. Program authority to set degree policies beyond the minimum required by the Graduate School lies with the degree program faculty. Policies set by the academic degree program can be found below.

Major-Specific Policies

Prior Coursework

Graduate Work from Other Institutions

No credits of prior coursework are allowed to satisfy requirements.

UW–Madison Undergraduate

No credits from a UW–Madison undergraduate degree are allowed to count toward the degree.

UW–Madison University Special

No credits of prior coursework are allowed to satisfy requirements.


The Graduate School regularly reviews the record of any student who earned grades of BC, C, D, F, or Incomplete in a graduate course (300 or above), or grade of U in research credits. This review could result in academic probation with a hold on future enrollment or in being suspended from the Graduate School.


Every graduate student is required to have an advisor. To ensure that students are making satisfactory progress toward a degree, the Graduate School expects them to meet with their advisor on a regular basis.

An advisor generally serves as the thesis advisor. In many cases, an advisor is assigned to incoming students. Students can be suspended from the Graduate School if they do not have an advisor. An advisor is a faculty member, or sometimes a committee, from the major department responsible for providing advice regarding graduate studies.

A committee often accomplishes advising for the students in the early stages of their studies.


15 credits

Time Constraints

Master’s degree students who have been absent for five or more consecutive years lose all credits that they have earned before their absence. Individual programs may count the coursework students completed prior to their absence for meeting program requirements; that coursework may not count toward Graduate School credit requirements.

grievances and appeals

These resources may be helpful in addressing your concerns:

Students should contact the department chair or program director with questions about grievances.


Limited scholarships are available at departments discretion based on needs. Students must produce a one- to three-page statement of need for financial aid. The department chair determines if qualified.

Graduate School Resources

Take advantage of the Graduate School's professional development resources to build skills, thrive academically, and launch your career. 

  1. Gather, process and analyze market, linkage and macroeconomic data for the purpose of forecasting real estate trends, communicating the big picture and making prudent investment decisions.
  2. Understand how to optimally source capital to execute on growth and development opportunities, prepare for and manage the crises and contingencies that pervade real estate ventures, and improve efficiencies in the operation of revenue generating properties.
  3. Apply appropriate structures, techniques, and processes to manage or lead a real estate group or enterprise.
  4. Recognize, measure, and create value in real estate in the strict respect of all ethical and legal norms and with full awareness of their responsibility to the communities, investors, public policy makers and users they aspire to serve as real estate professionals.
  5. Develop a deeper network with local, regional and international professionals to gather market data, perspectives, investment ideas and employment leads.

Faculty: Professors Riddiough (chair), Brennan, Deng, Yavas; Assistant Professor Arefeva


AACSB International—The Association to Advance Collegiate Schools of Business

Accreditation status: Accredited. Next accreditation review: 2021-2022.