1.41 YouTube video

Komilla Chadha studied on the MSc Real Estate at Bayes Business School, the only business school offering a master's in real estate in London. In this video she tells us about her role as a surveyor at JLL in London and also how her passion for food inspired her to set up the JLL Dining Club.


Who is it for?

This master’s is for you if your goal is to succeed in real estate, in the UK or internationally, and across the residential, commercial or industrial property sectors. You may be a recent graduate from any subject (with the equivalent of a UK upper second degree), or currently working in finance or real estate, or looking for a career switch.

You already have an interest in real estate and some experience with quantitative methods. Now you’re ready to build your skills and industry connections to develop your career.

If you have a strong background or interest in quantitative methods please take a look at our MSc Real Estate Investment – you can apply for both and we will suggest which will suit you better.

Harriet Walker-ArnottI chose Bayes due to its strong international and financial reputation. Financial literacy is increasingly important in the real estate industry and compared to other programmes that I’d looked at, the MSc in Real Estate, offered a stronger focus on finance. Toward the end of my MSc, I secured a place on a graduate programme at JLL, a world-leader in real estate services. I am still with them today and I have progressed to the role of Senior Surveyor in the Central London Development Team. Now working in the industry, I see how much I learnt and got out of the experience both professionally and personally.

- Harriet Walke-Arnott


On the Bayes Master’s in Real Estate, you’ll develop the essential skills for a successful real estate career: valuation, financial modelling, market analysis, development appraisal and cash flow modelling.

Choose our more UK-focused path, covering law, applied valuation and taxation, if you want to join the graduate-entry programmes of chartered surveying firms and take the RICS Assessment of Professional Competence. Or, if your ambitions lie in investment, finance, development or outside the UK, choose a path that focuses more on development and planning, investment vehicles and portfolios, or international markets.

Both paths are underpinned by robust academic theory, quantitative methods and practical experience. You’ll learn from highly experienced staff and industry professionals, who   provide you with the latest industry techniques and practical tools.

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  • Take your next step to a successful career on a course that’s accredited by the Royal Institution of Chartered Surveyors (RICS) and valued by major employers in real estate around the world.
  • Learn from experts in the industry, all with senior-level experience who are active in research, and from guest speakers from London, a global real estate hub.
  • Develop the professional, financial and practical skills that are in high demand across the industry, from staff who focus on   post-grad students.
  • Opt for electives that best match your ambitions, including the chance to study in New York, Madrid, Dubai and Italy.
  • Connect with professionals and employers from London’s thriving real estate industry through seminars, our students’ Real Estate Club, our mentoring scheme and industry events.

The first term covers the portfolio of core real estate professional skills – quantitative methods in data analysis, valuation, investment, asset management and understanding real estate markets.

In the second term, our two core modules, applied appraisal and financial modelling, will expand on and apply the core real estate principles and methods you studied in the first term.

Your second term module choices provide two learning “pathways”.

If your aim is to join the graduate entry programme of the major UK real estate employers and take the RICS Assessment of Professional Competence, you can pick modules that tilt toward UK-specific topics in law, taxation and applied valuation. If you aim to work in fund management, finance, development or outside the UK, you can tilt toward development and planning, investment vehicles and portfolios or international markets. Either way, your choice will not pre-determine the jobs available to you.

Induction weeks

All of our MSc courses start with two compulsory induction weeks which include relevant refresher courses, an introduction to the careers services and the annual careers fair.

Assessment methods

All core modules in Term 1 and Term 2 are assessed by sight-unseen examinations (in January and April) plus coursework set and delivered in Term time. Elective modules are assessed by coursework only.

Your coursework will take a range of forms - essays, modelling projects, presentations, class tests. Some are done individually, others in self-selected or allocated groups of up to four. The mix of assignments is designed to develop the general and soft skills employers expect – time management, team working, report production and presentations.

Overall your final masters mark will be assessed on 50% exams and 50% coursework.

Course Element % Weight in Final Marks
Term 1 + Term 2 total eight core modules 66.67%
Examinations 50.00%
Coursework  16.67%
Term 3 Elective Modules - coursework 16.67%
Individual Business Research Project 16.67%

Term dates

Term dates 2023/24

  • Induction: 11th September 2023 - 22nd September 2023
  • Term one: 25th September 2023 - 8th December 2023
  • Term one exams: 8th January 2024 - 19th January 2024
  • Term two: 22nd January 2024 - 5th April 2024
  • Term two exams: 22nd April 2024 - 3rd May 2024
  • Term three - international electives: 6th May 2024 - 17th May 2024
  • Term three: 20th May 2024 - 5th July 2024
  • Term three exams: 8th July 2024 - 19th July 2024
  • Resits: 12th August 2024 - 23rd August 2024
  • Additional resit week - tests only: 26th August 2024 - 30th August 2024.


Course timetables are normally available from July and can be accessed from our timetabling pages. These pages also provide timetables for the current academic year, though this information should be viewed as indicative and details may vary from year to year.

View academic timetables (add timetable and search for your programme)

Please note that all academic timetables are subject to change.

Teaching staff

Your Course Director will be Alex Moss. Alex is also the Director of the Real Estate Research Centre at Bayes and Course Director for the MSc Global Finance online course. He has previously held senior roles with Macquarie, Apax Partners, CSFB  and BZW. He is currently Chairman of the Research Committee of the European Public Real Estate Association and runs a consultancy business advising institutions on their listed real estate strategies. He has authored numerous industry publications and academic papers.

Alex teaches on the following modules:

  • Indirect Vehicles and Portfolio
  • International Real Estate Markets.

Dr Mark Andrew (On sabbatical 1/9/2021 to 31/8/2022)
Mark has been at the Business School (formerly Cass) since 2007. He is a highly skilled quantitative analyst who has published over 20 papers in highly ranked journals and several governments commissioned reports on his research speciality in residential markets. He is currently serving on the IPF Research Steering Group.  

Mark teaches on the following modules:

  • Applied Data Analysis
  • Residential Investment

Stephen Lee
Stephen has over twenty years teaching experience, at the Business School (formerly Cass) since 2005. He is an internationally recognised academic, who sits on the boards of the European Real Estate Society and the International Real Estate Society. He has published over 100 papers which break new ground in the field, mostly looking at investment risks and returns, asset allocation and portfolio construction.

Stephen teaches on the following modules:

  • Asset and Fund Management
  • Indirect Values and Portfolio

Bill Rodney
At the Business School (formerly Cass) since 1990, Bill is one of the most experienced teachers of appraisal in the country, with a particular specialism in the use of spreadsheet models. Outside the Buisness School, Bill has his own business that runs Executive Education and professional skills courses for surveying and investment businesses all over the world – which gives him a unique insight into the techniques they use and skills they need.

Bill teaches on the following modules:

  • Real Estate Development
  • Financial Modelling

Professor Sotiris Tsolacos
Sotiris is an academic with years of practical experience. Previously he was with Henley Business School and held posts at JLL and Property Portfolio Research/Costar from 1999 to 2013. He is a co-author of the standard textbook on real estate forecasting.

Sotiris teaches on the Economics and Market Analysis module.

Christopher Bourn

At the Buisness School since 2017, Chris has more than 25 years' real estate experience, which includes private equity, investment banks and property company investor developers, with coverage in the UK and Pan European markets. Chris also manages his own real estate consulting business and combines this with running Excel based real estate CPD accredited training courses to property professionals, investment banks and sovereign wealth funds. Chris is Argus Software Certified for Enterprise and Developer, holds an MSc Real Estate Investment (distinction) from the Buisness School and is a Fellow of the Chartered Association of Certified Accountants.

Chris teaches on the following modules:

  • Principles of Appraisal
  • Applied Appraisal
  • Advanced Modelling and Risk Analysis


How to apply

We only accept online applications.

Apply for MSc Real Estate

Documents required for decision-making

  • Transcript/interim transcript
  • Grading system used by your university
  • Current module list if still studying
  • CV
  • Personal statement - this should be 500-600 words in length and answer the following:
    • Why have you selected this course? What are your motivating factors?
    • What are your areas of interest within the course?
    • What contributions do you feel you can make to the course?
    • How do you see the course affecting your career plans?

Documents which may follow at a later date

  • English language test result if applicable
  • Confirmation of professional qualification examinations/exemptions/passes, if applicable
  • Two references
  • For a successful application to receive an unconditional status, all award documents must be verified, and should be provided to the relevant Admissions Officer via one of the methods stated in your offer.

We cannot comment on individual eligibility before you apply and we can only process your application once it is fully complete, with all requested information received.

Individual Appointments

If you would like to arrange an individual appointment to discuss the application process and be given a tour of the facilities, please complete this form.

Please note - these are subject to availability.

Terms and conditions

Students applying to study at Bayes Business School are subject to City, University of London's terms and conditions.

Entry requirements

  • A UK upper second class degree or above, or the equivalent from an overseas institution.
  • Work experience is not a requirement for this course.

English language requirements

If you have been studying in the UK for the last three years it is unlikely that you will have to take an English language test.

If you have studied in the UK at degree level for less than three years (e.g. 3+1, 2+1, 2+2, etc.) you will be required to provide the results of an approved English language test and possibly resit the test to meet our academic entry requirements.

Full list of approved English language tests/qualifications and minimum requirements.


UK/EU/International £25,500 Tuition fees are subject to annual change

Fees in each subsequent year of study (where applicable) will be subject to an annual increase of 2%. We will confirm any change to the annual tuition fee to you in writing prior to you commencing each subsequent year of study (where applicable).

Application fee: Nil

Deposit: £2,000 (usually paid within 1 month of receiving offer and non-refundable unless conditions of offer are not met)

First instalment: Half fees less deposit (payable during on-line registration which should be completed at least 5 days before the start of the Induction period)

Second instalment: Half fees (paid in January following start of course)

Information about Scholarships

Career pathways

Your MSc in Real Estate opens up a broad range of careers connected with real estate. You could join the graduate entry scheme of a major UK chartered surveyor. Or find a role at a smaller agency, fund manager, developer, investment or lending bank, public agency, rating agency or research company. Recent graduates now work as analysts, property managers and surveyors all around the world, or have set up their own businesses.

You’ll get specialist support from the Bayes Careers Service, who have contacts with businesses across the industry. They arrange recruitment visits from the largest real estate employers and send regular job alerts.

Class profile

Recent graduates from the MSc in Real Estate degree have secured positions in companies including:

  • Analyst - Real Estate Investment - Eastdil Secured
  • Graduate Surveyor - Healthcare - JLL
  • Analyst - Acquisitions/Asset Management - Round Hill Capital
  • Trainee Land Buyer - South - Land division - Crest Nicholson PLC
  • Analyst - Portfolio Management - Greystar

Connecting with employers

  • From week one, we host recruitment visits from all the largest real estate employers – like CBRE, JLL, Cushman Wakefield, Savills – plus other firms in real estate fund management, development, finance.
  • Our real estate specialists in the Bayes Careers Service hold contacts with businesses across the industry, and will notify you of job opportunities as they come in through the year.
  • You will have un-matched opportunities to network with professionals and employers across London’s vibrant real estate industry at seminars and an annual conference run by our students’ Real Estate Club, and through our mentoring scheme which matches you up with a Bayes graduate, and through industry events outside Bayes.

Previous graduates have gone on to work in property and real estate across the UK, EU and Asia.

(Data provided from alumni who completed the annual destination data survey for 2020/21 and 2019/20).

Alumni stories

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Hear from our alumni. Discover the real experiences of learning at Bayes and how Bayes helped to boost our graduates' careers.

Read Flavien’s story

Course information and statistics (2022/23 cohort)

average age of student body
of pathways to tailor to your career ambitions
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combined average employment rate on Real Estate masters courses


The Royal Institution of Chartered Surveyors (RICS) accredits the course, enabling graduates to enter the RICS Assessment of Professional Competence (APC).