The Master of Science (M.Sc.) in Real Estate Management (Immobilienwirtschaft) is designed for graduates who want to build advanced expertise in real estate investment, development, finance, valuation, and sustainable urban development. The programme was developed in cooperation with Ernst & Young (EY) and aligns closely with the needs of the international real estate industry.

Students gain practical experience through consulting projects, a compulsory internship, an integrated semester abroad, and the opportunity to earn a Double Degree from one of ISM's partner universities. The programme also holds RICS (Royal Institution of Chartered Surveyors) accreditation, enhancing graduates' global employability in the real estate sector.

Key Reasons to Choose this Programme

• Industry-developed curriculum in cooperation with Ernst & Young (EY)
• RICS-accredited programme
• Integrated international semester abroad
• Optional Double Degree with an international partner university
• 12-week compulsory internship
• Real consulting and property development projects
• Strong focus on sustainability and urban development
• Practice-oriented teaching with industry experts
• Excellent career opportunities in global real estate markets
• AACSB-accredited business school

Subjects / Programme Structure

The curriculum covers the full value chain of the real estate industry.

Core Study Areas

• Real Estate Economics
• International Real Estate Markets
• Real Estate Development
• Real Estate Investment & Finance
• Real Estate Valuation
• Mergers & Acquisitions
• Public and Private Real Estate Law
• Property Management
• Asset Management
• Portfolio Management
• Urban Development
• Sustainable Real Estate
• Leadership & Corporate Governance
• Digital Transformation in Real Estate
• Business Ethics
• Consulting Project
• Master's Thesis

Students also complete:

• 12-week compulsory internship
• Integrated semester abroad
• Practical industry consulting project

Disciplines / Specialisations Offered

Students develop expertise in:

• Real Estate Investment
• Property Development
• Real Estate Finance
• Asset Management
• Property Management
• Real Estate Valuation
• Urban Development
• Sustainable Real Estate
• ESG in Real Estate
• Construction Economics
• Real Estate Law
• Digital Real Estate (PropTech)
• Project Management

Programme Highlights

• AACSB and RICS accredited
• Developed in partnership with Ernst & Young
• 12-week compulsory internship
• Integrated semester abroad
• Optional Double Degree
• Consulting project with industry partners
• Field trips to leading real estate companies
• Visits to companies such as Deloitte, SAP and EY Real Estate
• Small class sizes
• Strong employer network
• Fast Track option (3 semesters for eligible students)
• International partner network of approximately 190 universities

Career Outcomes

Graduates are well prepared for leadership positions across the international property and construction sectors, including:

• Real Estate Manager
• Property Development Manager
• Asset Manager
• Property Manager
• Investment Manager
• Real Estate Consultant
• Portfolio Manager
• Real Estate Valuation Specialist
• Real Estate Market Analyst
• Project Development Manager
• Construction Company Manager
• ESG Real Estate Consultant
• Real Estate Investment Analyst

Visa Requirements

International students from outside the EU/EEA generally require:

• A valid German Student Visa before entering Germany
• Official admission letter from ISM
• Proof of sufficient financial resources (blocked account or equivalent)
• Valid passport
• Proof of health insurance
• Proof of accommodation (if requested)
• Academic documents
• Visa documentation required by the relevant German Embassy or Consulate

Latest Updates / Special Requirements

• The Master of Science in Real Estate Management is offered as a full-time, on-campus programme at the Munich campus, with the next intake in September (Winter Semester).
• The programme is RICS-accredited and was developed in collaboration with Ernst & Young (EY) to ensure strong alignment with current industry requirements.
• Students complete a 12-week compulsory internship, an integrated semester abroad, and a consulting project, providing extensive practical and international experience.
• Eligible students may complete the programme through a Fast Track option in 3 semesters or pursue an optional Double Degree with one of ISM's international partner universities.
• Applicants must hold a recognized bachelor's degree (minimum 180 ECTS), demonstrate the required language proficiency, and successfully complete ISM's digital admission process. There is no Numerus Clausus (NC) for admission.
• The curriculum places strong emphasis on sustainable real estate, digital transformation (PropTech), ESG, investment, finance, valuation, and urban development, preparing graduates for leadership roles in the evolving global real estate industry.