To be considered, all candidates must complete an admissions application.  Candidates must submit  personal information (address, birth date, demographics, etc), and the items listed below:

  • Documentation of undergraduate university degree, or expected completion of such a degree prior to starting the MS-Business: Real Estate and Urban Land Economics, Named Option: Real Estate program
  • Demonstrated knowledge of business fundamentals (or specific plan for acquiring prior to the start of the program); some possible ways of satisfying this include:
  • REAL EST/​A A E/​ECON/​URB R PL  306 The Real Estate Process
  • Undergraduate transcript
  • GMAT or GRE
  • Resume
  • One letter of recommendation
  • Response to essay question
  • We reserve the right to interview any prospective applicant

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.

All undergraduate and master’s degree transcripts from schools outside the United States must be verified by WES at the individual class level.

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.

Minimum Graduate School Requirements

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

Named Option Requirements

MODE OF INSTRUCTION

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

Mode of Instruction Definitions

CURRICULAR REQUIREMENTS

Minimum Credit Requirement 30 credits
Minimum Residence Credit Requirement 30 credits
Minimum Graduate Coursework Requirement Half of degree coursework (15 credits out of 30 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 (https://registrar.wisc.edu/course-guide/).
Overall Graduate GPA Requirement 3.0 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 first four weeks of the following semester. Students may be required to retake a course in which they receive a grade lower than a C.
Assessments and Examinations No required assessments or examinations beyond course requirements.
Language Requirements No language requirements.

REQUIRED COURSES

This degree allows students to select one or more areas of focus as they pursue their degree.  The three paths are as follows:

  • Path I - Core MS
  • Path II - Applied Real Estate Investment
  • Path III - Private Equity Investment

Path I - Core MS

Students must take the following courses:
REAL EST 425 Real Estate Law3
or REAL EST 760 Lawyering the Development Deal: A Practical Guide to Real Estate Law
REAL EST 631 Real Estate Excel Modeling1
REAL EST 632 Real Estate ARGUS Modeling1
REAL EST 710 Real Estate Finance3
REAL EST 715 Techniques of Real Estate Valuation3
REAL EST/​URB R PL  720 Urban Economics3
REAL EST 750 Commercial Property Development3
Approved Electives (see list below for possible course options)*13
Total Credits30

Path II - Applied Real Estate Investment

Students must take the following courses:
REAL EST 425 Real Estate Law3
or REAL EST 760 Lawyering the Development Deal: A Practical Guide to Real Estate Law
REAL EST 631 Real Estate Excel Modeling1
REAL EST 632 Real Estate ARGUS Modeling1
REAL EST 710 Real Estate Finance3
REAL EST 715 Techniques of Real Estate Valuation3
REAL EST/​URB R PL  720 Urban Economics3
REAL EST 740 3
REAL EST 750 Commercial Property Development3
REAL EST 765 Contemporary Topics 19
Approved Electives (see list below for possible course options)*1
Total Credits30

Path III - Private Equity Investment

Students must take the following courses:
REAL EST 425 Real Estate Law3
or REAL EST 760 Lawyering the Development Deal: A Practical Guide to Real Estate Law
REAL EST 550 Private Real Estate Equity Investment I: Analysis and Structures3
REAL EST 631 Real Estate Excel Modeling1
REAL EST 632 Real Estate ARGUS Modeling1
REAL EST 710 Real Estate Finance3
REAL EST 715 Techniques of Real Estate Valuation3
REAL EST/​URB R PL  720 Urban Economics3
REAL EST 750 Commercial Property Development3
REAL EST 851 Private Real Estate Equity Investment II: Underwriting and Investment Processes6
REAL EST 852 Private Real Estate Equity Investment III: Guidelines, Governance, and Portfolios3
Approved Electives (see list below for possible course options)*1
Total Credits30

* Approved Electives

REAL EST 550 Private Real Estate Equity Investment I: Analysis and Structures3
REAL EST 611 Residential Property Development3
REAL EST 640 Real Estate Capital Markets3
REAL EST 651 Green - Sustainable Development3
REAL EST 661 Real Estate Investment Analysis and Presentation3
REAL EST 740 3
REAL EST 760 Lawyering the Development Deal: A Practical Guide to Real Estate Law3
REAL EST 765 Contemporary Topics1-4
REAL EST 770 Commercial Real Estate Finance3
REAL EST 799 Reading and Research-Urban Land Economics1-6
ACCT I S 603 Financial Statement Analysis3
CIV ENGR 498 Construction Project Management3
CIV ENGR 571 Urban Transportation Planning3
FINANCE 635 Business Valuation3
FINANCE 757 Entrepreneurial Finance2-3
PUB AFFR 820 Community Economic Analysis3
PUB AFFR 891 State and Local Government Finance3
M H R 728 Bargaining, Negotiating and Dispute Settlement for Managers3
OTM 752 Project Management1-3
OTM 770 Sustainable Approaches to System Improvement4
R M I 660 Risk Analytics and Behavioral Science2-3
URB R PL 411 Marketplaces and Entrepreneurship3
URB R PL 512 Gentrification and Urban Restructuring3
URB R PL 601 Site Planning3
URB R PL/​C&E SOC/​SOC  617 Community Development3
URB R PL/​LAW  830 Land Use Controls3
URB R PL/​ENVIR ST  843 Land Use Policy and Planning3
URB R PL 844 Housing and Public Policy3

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.

Named Option-Specific Policies

Prior Coursework

Graduate Work from Other Institutions

No credits of graduate coursework from other institutions is allowed to satisfy requirements.

UW–Madison Undergraduate

Up to 6 credits from courses numbered 500 or above where a grade of B or better was earned will be allowed to apply toward the minimum graduate degree credit requirement. Coursework earned five or more years prior to admission to a master’s degree is not allowed to satisfy requirements.  In addition, the following required courses (REAL EST 631REAL EST 632REAL EST 710, and REAL EST 715) may be waived if the student has already taken the undergraduate equivalent course and received a grade of B or better.  These courses can be waived but the credits related to these courses will not apply toward the minimum graduate degree credit requirement so students will need to take additional electives to meet the minimum graduate degree credit requirement.   

UW–Madison University Special

With program approval and payment of the difference in tuition (between special and graduate tuition), students are allowed to count no more than 15 credits of coursework numbered 500 or above taken as a UW–Madison University Special student. Coursework earned five or more years prior to the master’s degree is not allowed to satisfy requirements.

ProbatioN

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.

ADVISOR / COMMITTEE

Every graduate student is required to have an advisor. An advisor is a faculty member, or sometimes a committee, responsible for providing advice regarding graduate studies.

CREDITS PER TERM ALLOWED

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:

Any student who feels that they have been mistreated by a faculty or staff member has the right to lodge a complaint. Complaints may concern course grades, classroom treatment, program admission, or other issues. To ensure a prompt and fair hearing of any complaint and to protect both the student's rights and the person at whom the complaint is addressed, the grievance procedures below are used in the Wisconsin School of Business.

The person whom the complaint is directed against must be an employee of the School of Business. Any student or potential student may use these procedures unless other campus rules or contracts cover the complaint:

  1. If the student feels comfortable/safe doing so, the student should first talk with the person against whom the grievance is directed. Most issues can be settled at this level. If the complaint is directed against a teaching assistant (TA) and the student is not satisfied after discussion of the grievance with the TA, the next step would be to talk to the TA's supervisor, who is usually the course professor. If the complaint is still not resolved satisfactorily, the student may continue to step 2.
  2. If the complaint involves an academic department, the student should contact the chair of the department. The chair will attempt to resolve the problem informally. If this cannot be done to the student's satisfaction, the student may submit the grievance to the chair in writing. This must be done within 60 calendar days of the alleged unfair treatment.
    1. If the complaint does not involve an academic department, the procedure outlined in Step 4 below should be followed.
  3. On receipt of a written complaint, the chair will refer the matter to a departmental committee, which will obtain a written response from the person at whom the complaint is directed. This response shall be shared with the person filing the grievance. The chair will provide a written decision within 30 days to the student on the action taken by the committee.
  4. If either party is not satisfied with the decision, they have five working days from receipt of the decision to contact the dean's office (at the number below), indicating the intention to appeal. If the complaint does not involve an academic department in the school, the student must contact the dean's office within 60 calendar days of the alleged unfair treatment.
  5. In either case, there will be an attempt to resolve the issue informally by the appropriate associate dean. If this cannot be done, the complaint can be filed in writing with the Office of the Dean. This must be done within 10 working days of the time the appealing party was notified that informal resolution was unsuccessful.
  6. On receipt of such a written complaint, the Chief Diversity and Inclusion Officer will convene a subcommittee of relevant stakeholders pending the nature of the issue. This subcommittee may ask for additional information from the parties involved and may hold a hearing at which both parties will be asked to speak separately. The subcommittee will then make a written recommendation to the dean of the School of Business who will render a decision. Unless a longer time is negotiated, this written decision shall be made within 20 working days from when the grievance was filed with the Office of the Dean.

Questions about these procedures can be directed to the School of Business, Office of the Dean, 4339 Grainger, 975 University Avenue, 608-262-7867.

State law contains additional provisions regarding discrimination and harassment. Wisconsin Statutes 36.12 reads, in part: "No student may be denied admission to, participation in or the benefits of, or be discriminated against in any service, program, course or facility of the system or its institutions or center because of the student's race, color, creed, religion, sex, national origin, disability, ancestry, age, sexual orientation, pregnancy, marital status or parental status." In addition, UW–System prohibits discrimination based on gender identity or gender expression. Students have the right to file discrimination and harassment complaints with the Office of Compliance, 361 Bascom Hall, 608-265-6018, uwcomplianceoffice@wisc.edu.

The Graduate School has procedures for students wishing to appeal a grievance decision at the school/college level. These policies are described in the Graduate School’s Academic Policies and Procedures: https://grad.wisc.edu/documents/grievances-and-appeals/

Other

None

Graduate School Resources

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

For more information about the faculty and their research interests, please visit the directory.

Alina Arefeva, Ph.D.
Assistant Professor
arefeva@wisc.edu

Michael Brennan, BBA
Adjunct Professor
mbrennan3@wisc.edu

William Camp, MBA
Senior Lecturer
william.camp@wisc.edu

Yongheng Deng, Ph.D.
Professor
yongheng.deng@wisc.edu

Mark Eppli, Ph.D.
Faculty Associate
mark.eppli@wisc.edu

Lu Han, Ph.D.
Professor
lu.han@wisc.edu

Michael Johnson
Lecturer
mdjohnso@wisc.edu

Asad Khan, Ph.D.
Research Associate
akhan28@wisc.edu

Thomas Landgraf, B.S.
Senior Lecturer
tlandgraf@wisc.edu

Lauren Lofton, J.D.
Lecturer
llofton@wisc.edu

Timothy Pire, M.S.
Lecturer
tpire@wisc.edu

Arif Qureshi, M.S.
Senior Lecturer
aqureshi@wisc.edu

Greg Reed, M.S.
Faculty Associate
grreed@wisc.edu

Timothy Riddiough, Ph.D.
Professor
Department Chair
timothy.riddiough@wisc.edu

Robert Schwarz, M.S.
Lecturer
rschwarz@bus.wisc.edu

Joseph Shumow, J.D.
Lecturer
jdshumow@wisc.edu

Joseph Walsh, M.S.
Faculty Associate
joseph.walsh@wisc.edu

Abdullah Yavas, Ph.D.
Professor
yavas@wisc.edu

Dayin Zhang, Ph.D.
Assistant Professor
dayin.zhang@wisc.edu