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Master of Science (MSc) in
Real Estate
Empower yourself with ESCP Europe approach to Real Estate education

Objectives of the programme

Our intensive one-year Master in Real Estate prepares students to confidently pursue a career in commercial lending and real estate finance, real estate development, asset management, consulting and advisory services, and governmental agencies.

This international programme includes two terms of intensive courses in Madrid and one term in London with additional specialisation courses. Field trips in major European capitals are part of the programme. The master thesis and a company internship are the final steps to complete this master.

The programme is designed to be the first step in a successful and international professional career in real estate.

Key aspects of the programme*

  • A multicampus programme (Madrid and London) that brings together leading professional perspectives and intercultural experiences
  • Field trips in major European capitals
  • A “learning by doing” programme to develop your professional skills, network and career
  • A personalised experience with a world-class faculty, professionals and staff members

*ESCP Europe declares that the MSc in Real Estate is a private ESCP Europe diploma. This Master does not lead to an official diploma in Spain (law 84/2004 BOCM)

Claudia RUSSO SANJUANBENITO – President of ESCP Europe Real Estate Association - ESCP EuropeESCP Europe has a worldwide reach in the real estate sector. From networking events to accredited courses and partnered internships, it has handed us the tools to become successful real estate professionals. We have hosted reputable speakers ranging from distressed mortgage debt to urban design, and in such events have been able to discuss with industry professionals using jargon and understanding of the market through the classes we attended. We have now entered the real estate labour market with a rich network and confidence in our capabilities.”
President of ESCP Europe Real Estate Association
Master in Management class 2019


Common job titles are:

  • Real Estate Analyst
  • Real Estate Asset Manager
  • Real Estate Investment Manager
  • Valuation Analyst
  • Development Analyst
  • Investment Analysist
  • Financial Analyst
  • Acquisitions Associate

Industries hiring:

  • Institutional Investors and Investment Funds
  • Consultancy Firms
  • Real Estate Service Firms
  • Investment Banks
  • Investment and Development Companies

Learning by doing

Our teaching principles combine a real estate curriculum with real business cases, live case studies, games and an International Consulting Project (ICP). This combination enhances students’ development experience through a hands-on approach with our partner companies.

Scientific Director

Prof. Dr. Jaime LUQUE, Associate Professor, Madrid Campus - ESCP Europe

Jaime Pérez Luque

PhD in Economics, Nova School of Business and Economics

Research areas: residential development and mortgage lending

About the ESCP Europe MSc

The choice of a Full-Time MSc corresponds to a professional project and gives young graduates and young managers a combination of high-value skills sought by recruiters.
This programme provides academic expertise and presentation of the best professional practices. Our goal is to train experts who will be rapidly able to progress in a globalized world. Choosing a "Full-Time Intensive" format allows, at the end of a short and dense tuition, to have an immediate access to decision-making leadership positions.

Master of Science (MSc) in
Real Estate

Our programme targets your expertise

The MSc in Real Estate (90 ECTS) will train you to manage projects in an international business context

The programme makes significant use of inductive teaching methods and interactive activities (project simulations, case studies, business plan development, etc.). This guarantees the skills acquisition needed to work in multidisciplinary, international and multicultural teams.

This full-time programme takes place over 9 months (15 months including internship and thesis) and is divided into three terms (2 terms in Madrid and 1 term in London). You have to be proficient in English to follow these courses.

Within the Master, you can enroll for a training course and exam to obtain either Project Manager Professional certification (PMP®) or the Certificate Associate in Project Management (CAPM ®) awarded by the Project Management Institute (PMI®).
CAPM®, PMP® and PMI® are brands of the Project Management Institute, Inc.

A one-year full-time programme

The programme begins in October and is organised as follow:

Course Modules
9 months of theory classes, study of expertise, and practical cases

The courses address both theory and real-life applications with a practical approach to real estate. They are taught from October to July by ESCP Europe Faculty and successful professionals.

Core Courses
Real Estate Finance and Investments
  • Course
  • CREFI Certificate
Real Estate Strategy
  • Case studies: office, retail, hospitality
  • Sustainability and CSR in Real Estate
Urban Design and Heritage
  • Urban Design
  • Culture, Heritage and Real Estate
Real Estate Development
  • Introduction to Real Estate Development
  • Residential and Mixed Used Development
  • Commercial Real Estate Development
  • Retail Real Estate Development
Real Estate Law
  • Introduction to Real Estate Law
Real Estate Management
  • Project Management in Practice
  • Sustainable Project Management
  • Financial Management I: Real Estate Consulting
  • Financial Management II: Real Estate Investment Funds
  • Negotiations and Problem Solving
  • Real Estate Big Data and Analytics
  • Digital and Business Transformation
  • Real Estate Software Design (Illustrator, Photoshop, InDesign, BIM)
  • Successful Recruiting
  • Marketing for Real Estate
  • Research Methods
  • International Real Estate: Field trips
Project, Thesis and Internship
  • International Consultancy Project Seminar
  • Master Thesis
  • Internship

Term in London and Field Trip
Continue your real estate studies in our ESCP Europe London Campus

The aim of this term is to enable you to continue your real estate studies in our ESCP Europe London Campus. There you will take courses on real estate development and meet leading professional in top notch real estate UK companies. Site visits in London are part of your curriculum this third term.

Professional mission
A professional mission in the form of an in-company internship of at least 4 months.

From mid-April to end December, you must complete an in-company internship of at least 4 months (though often lasting for 7-8 months). ESCP Europe assists you in locating internship opportunities and networking with companies.
The internship is an opportunity for practical application of the theoretical concepts learned from courses, with an eye to establishing a career. In many cases, corporate employers consider the internship as a trial period for a permanent position.  

The Corporate Relations Department

The Company Relations Department is dedicated to gather placement offers from many companies. The department also organises a series of fairs involving firms, giving you many opportunities to make contact.

Professional thesis
Writing and defending a professional thesis

The thesis is an applied research project in consultation with an academic advisor based on a professionally-oriented topic.
It is a chance for you to synthesise learned material through analysis of a particular corporate issue by using clear, detailed argumentation. The thesis marks the culmination of the degree and is orally presented to a committee at the end of the programme. It represents 30 of the total of 90 ECTS credits earned over the year.

Claudia Diego MACARELLI – Intern at BNP Paribas Real Estate Spain - ESCP Europe

Real estate education at ESCP Europe could not be any better. It provided me with the key quantitative and conceptual skills needed to make complex decisions required in the real estate finance sector. The program has a very practical approach. From the beginning you learn how to create financial models with Excel. There is also extensive use of real business cases and the opportunity to attend conferences of experts in the field. In addition, thanks to ESCP Europe's strong connection with the corporate world, I had the opportunity to do an internship at BNP Paribas Real Estate with subsequent career opportunities at the company.”
Master in Management Class 2019
Intern at BNP Paribas Real Estate Spain

Master of Science (MSc) in
Real Estate


  • A Bachelor or Master degree in any field of study
    Minimum 180 ECTS
  • Advanced English level: C1
    • TOEFL IBT: 100
    • TOEFL written: 600
    • TOEFL computer based: 250
    • IELTS: 7
  • 12 months of professional experience is recommended


Applications are examined in the order of their arrival; they must be submitted as early as possible. We have rolling admissions. After the application package has been reviewed by the Admission Committee, the candidate will be notified whether he/she will be invited for the admission exam and individual interview.

Step 1: Application form

Applications are made online. Please ensure that you take plenty of time with this form and answer all the questions therein as fully and thoughtfully as possible.

The main elements of the application include:
  • Detailed professional experience
  • Personal statements (cover letter)
  • 2 letters of reference (online form available in the application) - at least one has to be from a professional experience
  • An updated CV
  • English language test result (if applicable)
  • Copies of passport and university transcripts and degrees.

Please ensure that all required supporting documents are scanned and uploaded during the online application process.

Please note: you will still need to bring the originals to your admission interview. For full details of the application requirements, please see the online application. An application fee of €130 is required to cover processing of the application.

Step 2: Personal Interview & Exams

Students holding a TAGE-MAGE or a GMAT score and a TOEFL or a TOEIC listening and reading score or IELTS score (taken within the last two years) do not take the ESCP Europe written tests and must submit a copy of the results of these tests in their application file.

Candidates living outside of France and wishing to take the TAGE MAGE must apply through the FNEGE - Fondation nationale pour l'enseignement de la gestion des entreprises - to take this test.

Students not holding the standardized tests have to take the ESCP Europe entrance tests (SHL Test).

Candidates whose written application and admission exam are accepted will be invited for an individual interview, which plays an essential role in assessing the abilities and motivation for joining the program. Interviews take place from February to September each year.

Step 3: Confirmation

Admission decisions are sent out by email and post within two weeks of the Admissions interview. 
From the moment of the notification, students have a maximum of 10 days to pay the registration fees and thus, confirm their place.

Admission Calendar

Rolling admissions

From October

Admission Sessions

From February to September

Specialised Master® in
Real Estate
Fees & Financial

Application Fees

  • A payment of €130 for application fees payable to CCIP ESCP Europe.
    Please note that this is non-refundable.


The fees for the academic year 2020/2021 are set at €19,000 (for all students, both EU and non-EU).

Information on the payment methods for both the programme fees and application fee can be found in our online application form.

The programme tuition fees include:

  • In-class modules at ESCP Europe Madrid and Berlin campus
  • A tutor guided International Consultancy Project
  • Learning materials
  • Career orientation & workshops
  • International Seminar travel and accommodation expenses

Fees do not include:

Travel, accommodation and living costs for sessions in Madrid and Berlin are not included, nor meals or extra expenses during the International Seminar. 

Loans & Bursaries

A programme such as the MSc in Digital Business Project Management & Consulting is perhaps the most significant investment that you will make in your professional life and your future. Below are some options to help fund your time at ESCP Europe.


Offers two loan options for ESCP Europe students

Option 1: Master and Courses Loan
  • Loan holder: student or parent
  • Maximum amount: up to € 75,000
  • Interest rate: Euribor + 4%
  • Repayment period: up to 8 years
  • Fixed Opening Commission: 1,50%
Option 2: Master Blue Loan
  • Loan holder: student or parent
  • Maximum amount: up to € 50,000
  • Interest rate: First 6 months (Euribor + 0%), rest period (Euribor + 6%)
  • Repayment period: up to 10 years
  • Total lack of capital and interests: up to 24 months

More information

Banco Sabadell

Highlights of the ESCP Europe´s agreement with Banco Sabadell offers two ways of financing our degrees:

  • Tuition loan. Interest-free, short-term loan of up to 18,000€, to be repaid in 12 months
  • Loan. Long-term loan  to be repaid in a maximum of 10 years following the loan applications.

Bank Sabadell reserves the right to refuse the loan if, at the time of submission of the loan application, any circumstances pertaining the person(s) applying for the loan come to light that could alter the decision regarding whether to grant the loan.

More information


Provide complementary financial aid and scholarships for Mexican students who wish to pursue their master ́s degree abroad in top ranked universities. 
Students obtain: FUNED Financing + CONACYT Scholarship + ESCP Europe Scholarship. 

More information

Fundación Carolina

Postgraduate scholarships aimed at training in Spain national graduates of a Latin American country, member of the Ibero-American Community of Nations, or of Portugal, with academic or professional capacity supported by an outstanding curriculum.

More information


Any decisions regarding the loan itself are made by the banks in question and ESCP Europe does not have any say over or responsibility for their final decision. 
Conditions and requirements set by each bank and/or institution; students are responsible to go over this directly with them. ESCP Europe does not guarantee that the loans will be granted.