Writing a Winning Real Estate Personal Statement: the Secret Sauce
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Real Estate Personal Statement Overview and Sample
The real trick in writing a winning real estate personal statement or statement of purpose for MBA program is to learn every basic thing about the industry. Current market statistics and details about the top schools offering the program are important to learn so that you can properly assess them and choose the best one to consider.
There’s a considerable amount of knowledge you must understand when it comes to real estate market and finance, which you can learn from a school like UF MSRED programs, including the following skills:
- Basic Finance Understanding
- Analytical Thinking
- Collaboration Skills
Basic Real Estate Statistics to Guide You
Before you go and prepare for your MSRED program application, it is necessary to learn about the current real estate market statistics. Based on the Employment Projections program of the U.S Bureau of Labor Statistics, the real estate industry is expected to increase by 3 percent from 2014 percentage by 2024.
The total percentage of all occupations in the real estate market is at 7%. The following are the breakdown of it:
- Sales and Related Occupations: 5%
- Real Estate Sales Agents: 3%
- Real Estate Brokers and Sales Agents: 3%
- Real Estate Brokers: 2%
While it can definitely be a fierce industry, it is an easy one to enter if you get to choose an excellent program like Cornell MBA and NYU MSRED or UF MRED programs.
Basic Requirements for MRED Programs Admission You Should Take Note Of
When it comes to arranging the requirements you need for your MSRED admissions, it is important to note that the requirements and process would be dependent on the school you have chosen. More than that, there are also different kinds of real estate programs that you can choose from. So that you can focus on writing your real estate statement of purpose or statement of purpose for MBA, make sure to prepare first your requirements beforehand. More than that, there are also pre-required subjects that you should have taken first. They can also be offered as electives, besides being an undergraduate MBA program.
Most schools have the following requirements:
- Pass the Testing Exam
- Accomplish the Application Form
- Take the Prerequisites (Semester units and courses)
- Write a Statement of Purpose
- Prepare Your Supporting Documents and Materials
Top 5 Schools Offering Real Estate Program
Real estate education takes a lot of time and knowledge simply in order to be well accomplished in the industry. In writing your statement of purpose, it is necessary to consider the school you want to enter. Find out the vision and mission of the school, as well as the culture in the school. Check out the priorities and use it to your advantage in writing your essay or SoP for MIS with work experience.
And if you want the best, you should shoot for the best. And five of the top schools offering MSRED programs are the following:
University of Pennsylvania
The University of Pennsylvania, specifically Penn’s Wharton School of Business, is considered one of the international leaders in business education, including the real estate program. Ever since its establishment in 1881, it has served the business industry excellently, being the largest business school in the country. It even houses state-of-the-art facilities, the latest technology in the market, and irreplaceable experiential learning.
University of Georgia
The University of Georgia, specifically the Terry College of Business, is one of the earlier schools to introduce the real estate program. It even offers MBA real estate and PhD, along with its undergraduate programs. Some of the required courses for undergraduates are:
- Real Estate Principles
- Real Estate Asset Management
- Real Estate Valuation
Meanwhile, the MBA program focuses on areas like:
- Cash Flow Analysis
- Mortgage Financing
- Increasing Shareholder Value
University of Wisconsin-Madison
Ranked to be the second in the country to offer the best undergraduate real estate program, University of Wisconsin-Madison offers a curriculum that covers all possible areas of real estate, including the following:
- Market Analysis
- Law and Regulatory Environment
- Urban Land Economics
If you are writing a statement of purpose MBA for this school, focus on how you want to enjoy the experiential projects and opportunities offered by the school.
New York University
New York University showcases 44 required real estate courses and 16 real estate electives. It offers the BS in Real Estate that helps students to build a solid business foundation in real estate. It is popular for its powerful faculty offering the following subjects in cutting-edge trends:
- Real Estate Finance
- Real Estate Law
- Real Estate Economics
University of California-Berkeley
University of California- Berkeley undeniably offers one of the best real estate programs in the country. Offering both undergraduate and MBA programs for real estate, its Haas School of Business is capable of pushing you towards success in this industry. It offers the following courses:
- Real Estate Finance and Securitization
- Real Estate Investment Analysis
- Business and Legal Issue in Real Estate Development
Handy Tips When Writing Personal Statement
It is a SoP for MBA personal statement for you to sound promising and confident about yourself. Take note of these handy tips in order to be savvy in writing your personal statement:
- Be wary of the specific guidelines the school has
- Emphasize on your strengths
- Be specific, concise, and direct in your approach
- Research about the school you want to enter in extensively
- Tailor your statement to boost your very own personality
- Look towards the future and include what you can do for the school the same way as you include what you can do for them