To survive through the uncertainty of the global recession, property sector companies have had to change the way they operate and in turn educators, including business schools that host real estate MBAs and electives, have had to evolve their curriculum’s to better prepare their students for the current environment.
Required courses on real estate law, development and finance at graduate institutions such as the Wharton school at the University of Pennsylvania that teach real estate MBAs, are on the increase. The way it is taught also has to change.
“The courses don’t change but the content does. If I taught the same lectures as I did seven years ago, students would think I was crazy,” says Joseph Gyourko, professor of real estate and director of the Zell/Lurie Real Estate Center at Wharton.
“For example, in 2007 there was almost a quarter of a trillion dollars in commercial mortgage-backed securities issuance and last year there was almost zero. The world has changed and students have become aware the world has changed.”
Wharton also puts emphasis on related subjects including real estate economics, urban fiscal policy, the relationship between government policy and private development, international real estate markets as well as the aesthetic and technical considerations of architecture.
For more please click here:
No comments:
Post a Comment