Overview
Major Area of Specialization in Real Estate (STEM)
The real estate major is designed for students who want to apply theoretical and analytical concepts to real estate lending, investment and development. The program builds on real estate development and new urbanism concepts, while maintaining a strong emphasis on quantitative methods in finance.
Curriculum Requirements
In addition to satisfying the University General Education Requirements and Electives, students pursuing the BSBA in Real Estate must complete the BSBA Business Core and the specific coursework for the Real Estate major area of specialization as follows:
| Code | Title | Credit Hours |
|---|---|---|
| General Education Requirements 1 , 2 | ||
| Written Communication Skills: | ||
| WRS 105 | First-Year Writing I | 3 |
| WRS 106 | First-Year Writing II 3 | 3 |
| or ENG 106 | Writing About Literature and Culture | |
| Quantitative Skills: | ||
| Calculus I (fulfilled through the BSBA business core) | ||
| Areas of Knowledge: | ||
| Arts and Humanities Cognate | 9 | |
| People and Society Cognate | 9 | |
| STEM Cognate (9 credits) (fulfilled through the major) | ||
| Additional Requirements | ||
| UMX 100 | The University of Miami Experience | 0 |
| Electives | 14 | |
| BSBA Business Core Requirements 1 | ||
| ACC 211 | Principles of Financial Accounting | 3 |
| or ACC 221 | Accelerated Principles of Financial Accounting | |
| ACC 212 | Managerial Accounting | 3 |
| or ACC 222 | Accelerated Managerial Accounting | |
| BSL 212 | Introduction to Business Law and Ethics | 3 |
| BTE 210 | Fundamentals of Business Technology and Innovation | 3 |
| BTE 320 | Python Programming: Fundamentals and Algorithms | 3 |
| BUS 150 | Business Analytics | 3 |
| BUS 211 | Professional Development for Finance and Accounting (or other approved Miami Herbert Business School career course) | 1 |
| or MGT 199 | Professional Development and Success in the Workplace | |
| BUS 300 | Critical Thinking and Persuasion for Business 3 | 3 |
| ECO 211 | Principles of Microeconomics | 3 |
| ECO 212 | Principles of Macroeconomics | 3 |
| FIN 302 | Fundamentals of Finance | 3 |
| MAS 311 | Applied Probability and Statistics (minimum grade of C- required) | 3 |
| MAS 312 | Statistical Methods and Quality Control | 3 |
| MTH 161 | Calculus I (minimum grade of C- required; fulfills Quantitative Skills Requirement) | 4 |
| MTH 162 | Calculus II | 4 |
| MGT 100 | Managing for Success in the Global Environment | 3 |
| MGT 303 | Operations Management | 3 |
| MGT 304 | Organizational Behavior | 3 |
| MGT 401 | Strategic Management (taken in the final semester) | 3 |
| MKT 201 | Foundations of Marketing | 3 |
| or MKT 301 | Marketing Foundations | |
| Quantitative Choice - Select one of these suggested courses approved by the Associate Dean of Undergraduate Studies - check pre-requisites: | 3 | |
| Object-Oriented Programming | ||
| Database Management Systems | ||
| Applied Econometrics | ||
| Mathematical Economics and Applications | ||
| Introduction to Optimization and Decision Making | ||
| Stochastic Models in Operations Research | ||
| Computer Simulation Systems | ||
| Supply Chain Modeling and Analysis | ||
| Supply Chain Strategy | ||
| Major Area of Specialization in Real Estate 4 , 5 | ||
| Fundamentals of Finance (taken as part of the Business Core - minimum B grade required) | ||
| BSL 333 | Legal Aspects of Real Estate Transactions (prerequisite BSL 212) | 3 |
| FIN 320 | Investment and Security Markets (prerequisite FIN 302) | 3 |
| FIN 344 | Real Estate Investment Analysis (prerequisite FIN 302 & pre- or co-requisite FIN 303 or FIN 320) | 3 |
| FIN 347 | Introduction to ARGUS | 1 |
| FIN 445 | Real Estate Finance (prerequisite FIN 344) | 3 |
| FIN 446 | Real Estate Market Analysis (pre- or co-requisite FIN 344) | 3 |
| Major Choice Courses - Select one of the following options for 3 credit hours: | 3 | |
| Introduction to Alternative Investment (prerequisites FIN 302 & FIN 320) | ||
| Fixed Income Markets and Analysis (prerequisites FIN 302 & FIN 320) | ||
| Real Estate Technology Quantitative Analysis (prerequisite FIN 344 - must be taken together with FIN 348 for 3 credit hours toward the major) | ||
| Real Estate Capital Markets (prerequisite FIN 344) | ||
| Optional Course (Strongly Recommended) | ||
| Advanced ARGUS (offered as a one-credit enhancement in the spring semester) 6 | ||
| Total Credit Hours | 120 | |
- 1
NOTE: WRS 105 and WRS 106 or ENG 106, or their equivalents, must be completed prior to attaining junior year classification, per the University General Education Requirements. MTH 161 or its equivalent must be completed prior to the 5th semester of coursework. All courses must be taken within the current prerequisite structure. Each course may satisfy a requirement in only one major or minor area of specialization or cognate (i.e., no double counting).
- 2
At least one course with an international focus must be completed within the degree requirements. The appropriateness of the course is determined by the Associate Dean of Undergraduate Studies.
- 3
Students who do not earn at least a C- in WRS 106 or ENG 106 must either repeat WRS 106 or ENG 106 and earn at least a C- or complete WRS 230 with at least a C- before enrolling in BUS 300.
- 4
In order to pursue a major area of specialization in Real Estate, a student must earn a grade of "B" (grade point of 3.0) or higher in FIN 302 (note that a grade of "B-" does not qualify) and must have a minimum cumulative University of Miami GPA of 2.5 before enrolling in FIN 303 or FIN 320.
- 5
All specific coursework for the major area of specialization in Real Estate must be completed with a grade of "C-" of higher (except for the minimum "B" grade required for FIN 302, as noted). A minimum cumulative GPA of 2.5 is required for all specific coursework taken in the major area of specialization.
- 6
BSBA in Real Estate - Sample Plan of Study
This Sample Plan of Study represents one possible version of a new first-year Business student’s 8-semester plan. The individual student's plan may vary depending upon the initial placement into English Composition and mathematics. Moreover, numerous plan variations are possible if a student enters the University with advanced college credits, wishes to participate in study abroad, chooses a special program option, or selects additional majors or minors.
Note that each major/minor at the University of Miami satisfies a particular "Area of Knowledge" within the general education requirements of the University. This means that it is possible to pursue two majors, or a major and a minor, within Miami Herbert Business School and fulfill both the STEM and People and Society Areas of Knowledge; a separate cognate in these areas would not be required. The only remaining general education Area of Knowledge is Arts and Humanities, which must be completed through a major, minor, or cognate outside of the Business School.
Students construct their individualized plans in collaboration with their assigned Cane Navigator.
| Freshman Year | ||
|---|---|---|
| Fall | Credit Hours | |
| ECO 211 | Principles of Microeconomics | 3 |
| MGT 100 | Managing for Success in the Global Environment | 3 |
| MKT 201 | Foundations of Marketing | 3 |
| MTH 161 | Calculus I | 4 |
| WRS 105 | First-Year Writing I | 3 |
| UMX 100 | The University of Miami Experience | 0 |
| Credit Hours | 16 | |
| Spring | ||
| BUS 150 | Business Analytics | 3 |
| ECO 212 | Principles of Macroeconomics | 3 |
| MTH 162 | Calculus II | 4 |
| WRS 106 or ENG 106 | First-Year Writing II or Writing About Literature and Culture | 3 |
| Arts and Humanities Cognate Course | 3 | |
| Credit Hours | 16 | |
| Sophomore Year | ||
| Fall | ||
| ACC 211 | Principles of Financial Accounting | 3 |
| BSL 212 | Introduction to Business Law and Ethics | 3 |
| BTE 210 | Fundamentals of Business Technology and Innovation | 3 |
| BUS 211 | Professional Development for Finance and Accounting | 1 |
| MAS 311 | Applied Probability and Statistics | 3 |
| Arts and Humanities Cognate Course | 3 | |
| Credit Hours | 16 | |
| Spring | ||
| ACC 212 | Managerial Accounting | 3 |
| BUS 300 | Critical Thinking and Persuasion for Business | 3 |
| FIN 302 | Fundamentals of Finance | 3 |
| MAS 312 | Statistical Methods and Quality Control | 3 |
| Arts and Humanities Cognate Course | 3 | |
| Credit Hours | 15 | |
| Junior Year | ||
| Fall | ||
| BTE 320 | Python Programming: Fundamentals and Algorithms | 3 |
| FIN 320 | Investment and Security Markets | 3 |
| FIN 344 | Real Estate Investment Analysis | 3 |
| MGT 304 | Organizational Behavior | 3 |
| People and Society Cognate Course | 3 | |
| Credit Hours | 15 | |
| Spring | ||
| BSL 333 | Legal Aspects of Real Estate Transactions | 3 |
| FIN 347 | Introduction to ARGUS | 1 |
| FIN 445 | Real Estate Finance | 3 |
| MGT 303 | Operations Management | 3 |
| People and Society Cognate Course | 3 | |
| Elective recommended - FIN 348 Advanced ARGUS | 1 | |
| Credit Hours | 14 | |
| Senior Year | ||
| Fall | ||
| FIN 446 | Real Estate Market Analysis | 3 |
| People and Society Cognate Course | 3 | |
| Real Estate Major Choice Course | 3 | |
| Elective | 3 | |
| Elective | 3 | |
| Credit Hours | 15 | |
| Spring | ||
| MGT 401 | Strategic Management | 3 |
| Quantitative Choice Course | 3 | |
| Elective | 3 | |
| Elective | 3 | |
| Elective | 1 | |
| Credit Hours | 13 | |
| Total Credit Hours | 120 | |
Additional Major Requirements
Students pursuing the BSBA with an additional major area of specialization in Real Estate must complete the BSBA Business Core and the specific coursework for the Real Estate major area of specialization. Only students pursuing the BSBA degree at Miami Herbert Business School are eligible to select this as an additional major.
| Code | Title | Credit Hours |
|---|---|---|
| Major Area of Specialization in Real Estate - Additional major for BSBA students 1, 2 | ||
| Fundamentals of Finance (taken as part of the Business Core - minimum B grade required) | ||
| BSL 333 | Legal Aspects of Real Estate Transactions (prerequisite BSL 212) | 3 |
| FIN 320 | Investment and Security Markets (prerequisite FIN 302) | 3 |
| FIN 344 | Real Estate Investment Analysis (prerequisite FIN 302 & pre- or co-requisite FIN 303 or FIN 320) | 3 |
| FIN 347 | Introduction to ARGUS | 1 |
| FIN 445 | Real Estate Finance (prerequisite FIN 344) | 3 |
| FIN 446 | Real Estate Market Analysis (pre- or co-requisite FIN 344) | 3 |
| Major Choice Courses - Select one of the following options for 3 credit hours: | 3 | |
| Introduction to Alternative Investment (prerequisites FIN 302 & FIN 320) | ||
| Fixed Income Markets and Analysis (prerequisites FIN 302 & FIN 320) | ||
| Real Estate Technology Quantitative Analysis (prerequisite FIN 344 - must be taken together with FIN 348 for 3 credit hours toward the major) | ||
| Real Estate Capital Markets (prerequisite FIN 344) | ||
| Optional Course (Strongly Recommended) | ||
| Advanced ARGUS (offered as a one-credit enhancement in the spring semester) 3 | ||
| Total Credit Hours | 19 | |
- 1
In order to pursue a major area of specialization in Real Estate, a student must earn a grade of "B" (grade point of 3.0) or higher in FIN 302 (note that a grade of "B-" does not qualify) and must have a minimum cumulative University of Miami GPA of 2.5 before enrolling in FIN 303 or FIN 320.
- 2
All specific coursework for the major area of specialization in Real Estate must be completed with a grade of "C-" of higher (except for the minimum "B" grade required for FIN 302, as noted). A minimum cumulative GPA of 2.5 is required for all specific coursework taken in the major area of specialization. Each course may satisfy a requirement in only one major or minor area of specialization or cognate (i.e., no double counting).
- 3
Mission
- To develop innovative ideas and principled leaders that transform global business and society.
Goals
The Real Estate major area of specialization is designed for business students seeking to apply the theoretical and analytical concepts of finance to real estate lending, investment, and development.
Student Learning Outcomes
- BBA/BSBA graduates will be critical thinkers, able to select and apply appropriate models, tools, and techniques, and frameworks to enable them to render analytically sound business decisions.
- BBA/BSBA graduates will be able to identify, analyze and resolve ethical issues in business scenarios.
- BBA/BSBA graduates will demonstrate professional written communication skills.
- BSBA graduates will have strong technical skills.
