MRED Prerequisites
Prior to enrolling in the Dollinger Master of Real Estate Development program, students are expected to have satisfied various academic and experiential prerequisites. Applicants are expected to address their preparation in these areas in the personal statement of their admission application.
» Professional Experience
» Academic Prerequisites
» Excel Spreadsheet Software
» Recommended Readings
Professional Experience
MRED applicants are required to have a minimum of two years full-time work experience following completion of the bachelor’s degree. Experience must be in commercial real estate or a closely related field. Students who have worked directly with real estate assets – such as development, acquisitions and asset management, construction, architecture, city planning, commercial real estate finance, commercial real estate brokerage, or real estate law – are best-prepared for the Dollinger MRED program.
Academic Prerequisites
MRED applicants are expected to have preparatory coursework and/or training in general business finance, accounting, and economics prior to enrollment at USC. Some applicants have already completed such classes as part of their bachelor’s or master’s degree. Applicants in need of this training should consider university extension programs, community colleges, or specialized online education as possible sources for this instruction. Applicants are expected to address their preparation in the written statement with the application for admission.
Excel Spreadsheet Software
Students are expected to work comfortably with Excel, knowing how to:
- Create a basic cash flow statement
- Format rows, columns, and numbers
- Calculate PV, NPV, PMT, and IRR
- Create conditional formulas using “if” statements
Recommended Readings
As students prepare for the Dollinger MRED our faculty has suggested a short list of readings.
- Ehrenhalt, Alan (2013) The Great Inversion and the Future of the American City
- Florida, Ricard (2017) The New Urban Crisis: How Our Cities Are Increasing Inequality, Deepening Segregation, and Failing the Middle Class-and What We Can Do About It
- Garreau, Joel (1991) Edge City: Life on the New Frontier
- Glaeser, Eduard (2011) Triumph of the City: How Our Greatest Invention Makes Us Richer, Smarter, Greener, Healthier, and Happier
- Jacobs, Jane (1961) The Death and Life of Great American Cities
- Lewis, Michael (2010) The Big Short
- Moretti, Enrico (2013) The New Geography of Jobs
- Ross, Stan with James Carberry (2006) The Inside Track to Careers in Real Estate
- Rothstein, Richard (2018) The Color of Law: A Forgotten History of How Our Government Segregated America
- Rybczynski, Witold (2007) Last Harvest: How a Cornfield Became New Daleville