Master
Schulich
of Real Estate & Infrastructure
School of Business 2023 Masters Programs MREI
Earn the credentials you need for the career you want, with a highly specialized Masters program.
MREI
MASTER OF REAL ESTATE & INFRASTRUCTURE
Build your career on a solid foundation with this specialized program for leaders, entrepreneurs and city builders in both real estate and infrastructure.
ADDITIONAL MASTERS PROGRAMS AT SCHULICH
MAcc
MASTER OF ACCOUNTING
Position yourself for a challenging career in accounting with the CPA-Accredited MAcc, an intensive program that prepares graduates to write the Common Final Examination upon graduation.
MBAN
MASTER OF BUSINESS ANALYTICS
Become an expert and gain a competitive advantage in the booming field of Big Data.
MF
MASTER OF FINANCE
Gain access to a career in investment banking, risk or asset management and cover a significant portion of the CFA body of knowledge.
MMAI
MASTER OF MANAGEMENT IN ARTIFICIAL INTELLIGENCE
Learn to develop, evaluate, refine and implement AI-related applications and technologies for business.
MMgt
MASTER OF MANAGEMENT
Build your knowledge of the major disciplines of management with this unique program designed for high-achieving graduates from non-business backgrounds.
MMKG
MASTER OF MARKETING
Equip yourself for the dynamic world of marketing as you master state-of-the-art tools and grow your literacy in analytics, advertising and consumer behaviour.
MSCM
MASTER OF SUPPLY CHAIN MANAGEMENT
Develop the analytical and managerial skills needed to design creative supply chain solutions in this rigorous, experiential program offered both full- or part-time.
On the cover: Joan Nyangena (MREI ’20) Associate, Real Estate Finance, CIBC
Shape Your Future
Today’s global business landscape is complex, disruptive and increasingly digital. Managing effectively requires deep specialized knowledge, team building and leadership skills, and the ability to think creatively. It also requires resiliency, adaptability and the capacity to work in diverse environments. And it requires ethical business leaders with the skills and courage to tackle the social, economic and environmental challenges facing business today.
At the Schulich School of Business, we have developed eight distinct specialized Masters programs that will equip you to thrive in a fast-changing and exciting business world. Our Masters degrees are designed to deliver in-depth functional and industry knowledge, strengthen your technical expertise and give you a clearly defined career advantage.
Acquire the very latest in management learning and practice in one of the industries where we are global leaders, including marketing, business analytics, real estate and infrastructure, supply chains and artificial intelligence.
Find your pathway to success and achieve your career objectives with a specialized Schulich Masters degree.
Detlev Zwick, PhD Dean & Tanna H. Schulich Chair in Digital Marketing Strategy
Schulich School of Business
Canada’s Top-Ranked Business School
Global Reach. Innovative Programs. Diverse Perspectives.
Schulich MBA: #1 IN CANADA (Forbes,CorporateKnights,CNNExpansión) #4 IN THE WORLD (CorporateKnights)
TOP 25 IN THE WORLD for careers in Finance, Marketing & Operations Management (QSTopMBA)
Kellogg-Schulich Executive MBA: #1 IN CANADA (QSTopMBA) #7 IN THE WORLD (QSTopMBAJointProgrammes)
Global Reach. Innovative Programs. Diverse Perspectives.
1
MESSAGE FROM THE DEAN
Master of Real Estate & Infrastructure (MREI)
GROW YOUR CAREER IN AN EXPANDING AND EVOLVING SECTOR
Real estate and infrastructure have taken on a new importance as building blocks in today’s global economy, with increasing recognition that successful and sustainable cities are the ecosystems for business formation, innovation, and economic growth. This dynamic coincides with the growing importance of “real assets” in both institutional and individual asset portfolios. Real estate and infrastructure investment is driving increased demand for highly qualified professionals that understand both industries as well as the connections between them.
The 12-month Master of Real Estate & Infrastructure (MREI) builds upon the reputation and expertise of the MBA specialization in Real Estate & Infrastructure. Schulich has a strong and innovative tradition in real estate and infrastructure education that is highly regarded by industry and connected to a large global alumni network.
The MREI’s comprehensive curriculum integrates business leadership with an industry focus on development, investment and financing. Gain the skills and knowledge to analyze and execute successful real estate and infrastructure projects.
The cornerstone of the program is a three-term leadership development course in which you’ll sharpen your critical thinking skills and develop your own leadership style.
In your final term, you’ll have the opportunity to complete an optional internship and to apply theory during the ‘Creative Workshop’ course, where you will tackle a timely project that embodies real-world social, environmental and business challenges. Benefit from valuable feedback as you present your solutions to a panel of business leaders from within the industry.
A UNIQUE CO-CURRICULAR EXPERIENCE
Participate in a variety of city and site tours, international case competitions and industry networking events. Challenge yourself at the renowned Developers’ Den case competition, where you’ll collaborate with fellow students to develop imaginative solutions to industry challenges.
Build an invaluable network with industry leaders and foster new meaningful connections in your field through the optional Professional Development Mentorship Program offered by the Brookfield Centre in Real Estate and Infrastructure. Receive one-to-one coaching with industry advisors via Schulich’s Centre for Career Design.
OPPORTUNITIES POST-DEGREE
As an MREI graduate, you will find success in a variety of roles within real estate and infrastructure development, investment, finance and asset management.
Graduates of the MREI program may be eligible for up to one term of advanced standing in the Schulich MBA.
START DATE
PROFESSOR JIM CLAYTON
“The MREI is a unique, rigorous, multi-disciplinary academic program combined with unparalleled exposure to outside learning and networking opportunities. Supported by an active alumni association and deep industry connections, the MREI’s culture of engagement, critical thinking and stakeholder appreciation produces graduates who are ready to make positive contributions in today’s dynamic environment.”
COMPLETION
months
BA (Queen’s); MA (UWO); PhD (UBC)
Director, Master of Real Estate & Infrastructure Program; Professor and Timothy R. Price Chair Teaches: Leadership in Real Estate & Infrastructure; Economic Forces Shaping the City; Commercial Real Estate and Portfolio Management
PROFESSOR CLAYTON
Build your career on a solid foundation with a program designed to develop tomorrow’s leaders in real estate and infrastructure.
of Business | Master of Real Estate & Infrastructure
September
12
FULL-TIME 2 Schulich School
(MREI) 2023
“ Schulich’s Master of Real Estate and Infrastructure program facilitated the development of my skills and abilities to succeed in the infrastructure finance sector and enabled me to cultivate a network of professionals and career mentors in the local industry.”
LYNDSAY BRISARD (MREI ’21) Associate, Investments, Canada Infrastructure Bank
To view Lyndsay’s story and other MREI alumni testimonials, visit: schulich.yorku.ca/programs/mrei
Global Reach. Innovative Programs.
Diverse Perspectives. 3
WINTER
4 Schulich School of Business | Master of Real Estate & Infrastructure (MREI) 2023 MASTER OF REAL ESTATE & INFRASTRUCTURE (MREI) YOUR MREI JOURNEY FALL TERM
TERM ACADEMIC TRACK Orientation CAREER TRACK Common Core Curriculum Course Work: Course Work: Career coaching, networking events, conferences, and alumni mentorship • Changing Landscapes: Historical Perspectives on the Industry • Sustainable Cities: Urbanization, Infrastructure and Strategic Choices • Structuring Development Transactions • The Life of a Project • Infrastructure Investment and Finance • Real Estate Finance and Investment • Development Prototypes • Economic Forces Shaping the City • Infrastructure Delivery Models • Leadership in Real Estate & Infrastructure I • Leadership in Real Estate & Infrastructure II Company visits, guest speakers, and site tours Just-in-time recruitingOn-campus recruiting Professional Development ActivitiesIntroduction to the Centre for Career Design Experiential Learning: Experiential Learning: • Real estate and infrastructure study tour to New York City or Montreal • Join Venture Negotiation Simulations with leading lawyers • Developers’ Den Case Competition • Perspectives Lecture
The 12-month Master of Real Estate & Infrastructure equips students with a distinctive combination of subject matter expertise, integrative skills, and industry knowledge necessary for successful careers in both real estate and infrastructure. Building upon a decades long track record of excellence, rigorous theory informs innovative practice in this groundbreaking program.
Industry Ready
Graduates of the MREI are positioned to excel in a wide variety of investment, development and financing positions in real estate and infrastructure related fields.
MREI graduates emerge from the program as highly qualified professionals, equipped to contribute and lead in global real estate and infrastructure industries.
Global Reach. Innovative Programs. Diverse Perspectives.
5
SUMMER TERM Course Work: • Creative Workshop Elective:* • Commercial Real Estate Asset and Portfolio Management OR: • Case Studies in Infrastructure Students will be encouraged to pursue internships during Term 3 to enhance experience-based learning. • Leadership in Real Estate & Infrastructure III * The sequencing of electives is subject to change.
Experiential Learning: Graduation: October Convocation Career Ready! • Creative Workshop Pitch Challenge • Commercial Real Estate Portfolio Management Challenge • Infrastructure Innovation Competition
Student Life Make Life-Changing Connections
Build lasting memories as part of an engaged and impressive student community. Develop your strengths, skills and interests with a host of exciting co-curricular activities.
Participate in Case Competitions
Strengthen your presentation skills and master the case method with opportunities to compete in the annual Developers’ Den Competition, as well as NAIOP, MIT and ARGUS University challenges.
MREI candidates explore New York City on a real estate study tour.
Enjoy New Social Activities
Join a tightly knit cohort of students and connect through co-curricular highlights including an annual study tour to New York City or Montreal, class sport tournaments and industry networking opportunities. Enjoy access to a highly engaged network of graduates via the Schulich Real Property Alumni Association (SRPAA).
Discover New Interests and Passions
Choose from over 25 student-run clubs and organizations. Network and grow with the Schulich Real Estate & Infrastructure Club (SREIC), which provides co-curricular and leadership opportunities, or diversify your focus by joining other clubs based on a region, culture, industry or topic of interest.
An annual golf tournament for students, alumni and faculty, organized by the SRPAA.
Schulich’s winning team at the 12th annual Developers’ Den international real estate case competition. 12 teams, 12 industry leaders as judges and over 150 guests.
6 Schulich School of Business | Master of Real Estate & Infrastructure (MREI) 2023
Our Landmark Expansion
The Rob and Cheryl McEwen Graduate Study & Research Building
Designed for Schulich graduate students, the McEwen building encourages interdisciplinary research in fields ranging from business ethics and big data, to real estate and infrastructure, and global enterprise.
A NEW HOME FOR LEARNING AND INNOVATION
The new 67,000 square-foot Rob and Cheryl McEwen Graduate Study & Research Building provides a variety of unique environments for learning, interaction, teamwork and innovation.
A HUB FOR COLLABORATION AND RESEARCH
In addition to being an interdisciplinary space for Schulich’s newest academic programs and research facilities, the building is home to the Deloitte Cognitive Analytics & Visualization Lab, as well as Schulich’s Centres of Excellence, including the Centre of Excellence in Responsible Business, the Centre for Global Enterprise, the George Weston Ltd. Centre for Sustainable Supply Chains, and the Brookfield Centre in Real Estate and Infrastructure.
A STUDENT-CENTRED SPACE
Students benefit from a variety of unique spaces to study, work and connect, including a graduate lounge, private group meeting rooms equipped with flat-screen monitors, research labs and a media production centre.
ALL ABOUT THE FUTURE
unique technological and design
make the Rob and Cheryl McEwen Graduate Study & Research Building one of the most environmentally sustainable and socially responsible buildings in North America.
planted green roof
new landscaped open area,
m2
chimney
Its
features
Features include: 840 m 2 of
area Energy use intensity 71.4% BELOW THE MODEL NATIONAL ENERGY CODE OF CANADA 27 m natural ventilation system driven by the glass solar
RAINWATER RECAPTURE SYSTEM for green roof irrigation 7,500 m 2 of
including 3,800
of planted green space Global Reach. Innovative Programs. Diverse Perspectives. 7
Career Development Shape Your Success
The Schulich Centre for Career Design (CCD) offers a wealth of innovative programs and resources to help you accelerate your career and facilitate employment opportunities. Benefit from a variety of resources that have resulted in consistently high placement rates for graduating students.
Career Coaching & Workshops
Our CCD Advisors are certified career coaches who work closely to help you identify your strengths, determine career objectives and develop a tailored plan. Work together through a series of skill-enhancing workshops designed to train you in advanced career search tactics.
Networking Opportunities
Connect with industry through integrated company visits, guest lectures and site tours throughout your academic program. Engage with Schulich alumni and industry specialists at the Real Estate and Infrastructure Career Networking Breakfast or Schulich Real Property Alumni Association (SRPAA) events.
Corporate Recruitment Events
Connect with companies such as CanFirst Capital Management, Canada Land Corporation, Crestpoint Real Estate, SmartCentres, RioCan Brookfield Asset Management, Oxford Properties, Manulife, EY, and BentallGreenOak about career opportunities in their organizations.
Students participate in a Joint Venture Negotiation simulation with a team of leading legal practitioners.
Just-in-Time Recruiting
Gain experience while you complete your program by leveraging our industry connections to pursue an internship during your third term. Launch your career post-degree by accessing job postings from companies around the globe, for exciting roles such as Financial Development Associate, Analyst-Infrastructure Advisory, and Senior Development Coordinator.
8 Schulich School of Business | Master of Real Estate & Infrastructure (MREI) 2023
Master
Real Estate & Infrastructure (MREI) Student Success Report
Key Firms
Adi Development Group Amica Senior Lifestyles Cadillac Fairview Canada Infrastructure Bank
Sample Roles Asset Management Associate Associate, Real Estate & Investments Development Analyst
Mattamy Homes Nurse Next Door RioCan Starlight Investments
Consultant, Real Estate & Finance Investment & Development Manager Leasing Manager
Global Reach. Innovative Programs. Diverse Perspectives. 9
of
CLASS OF 2021 EMPLOYMENT AT A GLANCE 88% of students were hired within 6 months of graduation* 96% of students participated in the survey Average salary $79,857 21 Number of firms that hired Schulich MREI students
CLASS OF 2021 DEMOGRAPHICS AT A GLANCE Student Demographics Average Age 28 Years of Work Experience 0–15 Male Students 75% Female Students 25% Prior Degrees Arts 16% Business 40% Architecture 14% Science 13% Other 18% INDUSTRY COVERAGE Real Estate Capital & Asset Management Real Estate Development Financial Services Manufacturing Consumer Services Claire Liu (MREI ’18) Senior Real Estate Analyst, Trolleybus Urban Development *As per MBACSEA Guidelines.
Schulich Global Alumni Network
Notable Alumni are Leading by Example
When you graduate from Schulich, you become part of one of the largest business alumni networks in Canada. Here’s a brief look at the scope of the Schulich alumni network and a sampling of those who are leading by example.
Connect
UPON GRADUATION,
MENTORSHIP PROGRAM
was launched in 2021 by MREI and MBA (Real Estate specialization) alumni and students. This mentorship program has matched candidates with their own Schulich alumni mentors. Since inception over 120 alumni have volunteered as mentors and guest speakers for this program.
The program allows students to gain insider knowledge in various real estate and infrastructure businesses, including investment, development, financing, brokerage, and consulting.
global alumni chapters in
Take
of
professional development activities, career management resources, and alumni events.
Schulich Global Alumni
Robyn Sky Mitchell McLean (iBBA
MBA
Moose
&
Wissam
10 Schulich School of Business | Master of Real Estate & Infrastructure (MREI) 2023
advantage
life-long
Enjoy exclusive access to Schulich’s Alumni Online Community, which includes
and benefit from access to the
Network
93
62 countries
’06,
’12) CEO & Owner, Big
Realty
Basecamp Resorts
Ayoub (MBA ’06) Vice President, Middle East EllisDon Corporation
JOIN A GLOBAL NETWORK OF OVER 34,000 active alumni in 90 countries THE BROOKFIELD CENTRE PROFESSIONAL DEVELOPMENT
Build a Life and a Career
centre
Feel at Home in Canada
Our campus is enriched by international students from over
DIFFERENT COUNTRIES
the city’s
Plan Your Life, Post-Degree
A Schulich Masters gives you the option of launching a career internationally, or the opportunity to work in Canada after graduation. Upon completing your degree, you can explore Canada’s advantageous immigration pathways available to assist you in building your ideal career.
Attend sessions on work permits and permanent residence options, or book individualized advising with Schulich’s International Student Support Specialist.
International Student Support
Schulich provides in-house programs, services, and immigration support to help international students navigate the transition to Canada and plan for the future. Benefit from study permit and pre-arrival webinars, Buddy program, English language peer support, New to Canada orientation, immigration information sessions, 1:1 international student advising and social events.
Diversity. Community. Opportunity.
44
Source (unless specifically indicated): Toronto Global Global Reach. Innovative Programs. Diverse Perspectives. 11 2 nd LARGEST Financial
in North America CAD $364 billion economy 51% of Toronto’s population was born outside of Canada Access
vibrant downtown core in just 30 MINUTES BY SUBWAY The Toronto Advantage RANKS #1 IN CANADA AND #4 IN NORTH AMERICA Resonance Consultancy World’s Best Cities Report, 2021 THIRD LARGEST TECH SECTOR in North America New York Times, 2022 SAFEST CITY IN CANADA, AND 2 nd SAFEST CITY IN THE WORLD Economist Intelligence Unit, 2021
Management Admission Test
However,
• Is optional should
• May be requested by
wish
Record Examination (GRE)
Admissions Committee if further evidence
2 For applicants holding a 3-year degree,
academic
not required upon submission of
is required.
post-graduate work experience is required.
12 Schulich School of Business | Master of Real Estate & Infrastructure (MREI) 2023 REQUIREMENTS ESSAYS GPA PREREQUISITE COURSES IN HONOURS PROGRAM GMAT/GRE REFERENCE LETTERS WORK EXPERIENCE 2 video, 2 written, 1 timed written MREI Master of Real Estate & Infrastructure B N/A Not required1 2 reference letters 2 years strongly preferred2 ADMISSIONS DEADLINES SEPTEMBER 2023 ENTRY Round 1: Oct. 5, 2022 Round 2*: Jan. 25, 2023 Round 3: Apr. 5, 2023 Round 4**: June 7, 2023 * International students are strongly encouraged to apply by Round 2 to allow for sufficient study permit processing time. ** Late applications may be accepted pending space availability. Admission Requirements What’s Required to Begin Your Journey LANGUAGE PROFICIENCY* * Applicants must produce proof of language proficiency in one of the three ways listed. TOEFL: 100 (minimum 23 on each dimension) The TOEFL iBT Special Home Edition test is acceptable IELTS (ACADEMIC TEST): 7.0 (minimum 6.5 on each dimension) The IELTS online Academic Test is acceptable PROOF OF STUDY COMPLETED IN ENGLISH: 2 years minimum (must be full-time study) at an accredited university in a country (or institution) where English is the official language of instruction 1 Graduate
(GMAT) or Graduate
are
your application.
submission of these test scores:
you
to provide further evidence of academic potential.
the
of
performance
one year of full-time,
Tuition Fees
Figures are based on the currently approved fee framework. Fees listed below include tuition and supplementary fees. For full details on all current tuition, supplementary fees, and student health plans, visit the York Student Financial Services website: sfs.yorku.ca/fees. Fees are subject to change.
Cost of Living
LIVING EXPENSES IN TORONTO
Term =
months)
Books/Course Materials $ 750
Rent (on campus) 2 $ 5,000
Food $ 1,500
Personal Expenses $ 1,000
Health Insurance: UHIP (international students only) 3 $ 252 GSA 3 $ 170
APPROXIMATE COST PER TERM $ 8,672
1 Figures are approximations and intended only as a budget guide for students studying full-time. Costs are listed in Canadian dollars.
2 Off-campus housing varies in price from $1,000–$1,500 per month depending on the location and options. For on-campus accommodation visit: yorku.ca/housing.
3 Participation in the University Health Insurance Plan (UHIP) is mandatory only for international students while in Toronto. The Graduate Student Association (GSA) plan is for dental and drug coverage (mandatory for all domestic and international full-time students unless student has alternative coverage). Coverage for spouse/family is available. GSA costs are based on the 2021-2022 academic year. Health/Drug/ Dental plan rates are subject to change.
4 Subtract UHIP cost for domestic student total.
Financial Aid
We welcome the opportunity to discuss ways to finance your education and the return on investment our programs offer. Visit: schulich.yorku.ca/financial-aid.
LINE OF CREDIT FOR DOMESTIC STUDENTS Visit schulich.yorku.ca/financial-aid/loans for a list of partnered banks and preferred rates for domestic students in professional programs.
LOAN PROGRAMS
To learn more about funding opportunities for domestic and international students, please visit: schulich.yorku.ca/financial-aid/loans.
DOMESTIC STUDENTS Canadian Citizen or Permanent Resident INTERNATIONAL STUDENTS Visa/Study Permit All fees are in Canadian dollars (CAD) MREI TUITION PER TERM* $ 17,554 $ 28,041 * The MREI requires three terms of study to complete. ** Estimated Program Total is calculated by multiplying current tuition fees by the average number of terms required to complete the program. Estimates are rounded to the nearest $50 CAD. Subject to change. Tuition and fees reassessed annually. ESTIMATED PROGRAM TOTAL** $ 52,700 $ 84,100
1 (1
4
4
The Gary Whitelaw Strength in Diversity Award Value: $25,000 | Available: 1 BentallGreenOak Future Leaders in Real Estate Award Value: $1,500 | Available: 3 For complete descriptions of these award opportunities, or for additional scholarship information please refer to the Schulich Awards publication at: schulich.yorku.ca/financialawards. MREI SCHOLARSHIPS ADDITIONAL FINANCIAL AID • Support for case competitions • Partnerships with: Edward Sonshine Scholarship Value: $25,000 | Available: 1 Includes a guaranteed interview for the RioCan MREI Internship
Schulich
a broad spectrum of industries. www.schulich.yorku.ca
to
LEARN MORE ABOUT THE SCHULICH EXPERIENCE
Join us for an event or information session. Register at: www.schulich.yorku.ca/events
Set up a meeting with our admissions team to discuss your profile.
Register at: www.schulich.yorku.ca/grad-inquiry
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Global Reach. Innovative Programs. Diverse Perspectives.
Masters Programs provide students with the technical skills and career preparation they need
pursue dynamic roles across
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