Fordham PCS Debuts Bachelor’s Degree in Real Estate

The bachelor's degree program comes just three years after a master's program was launched

Here’s even more proof that New York is a builder’s town: just three years after introducing a master’s degree program in real estate, Fordham University’s School of Professional and Continuing Studies (PCS) is introducing a Bachelor of Science in Real Estate (BSRE) program beginning with the 2020-2021 academic year. Offered through Fordham’s Real Estate Institute, the BSRE provides an overview of the fundamental elements of real estate law, economics, accounting, finance, investment, valuation and development at the major core level, while the elective concentration will allow each student to pursue a specific subject area.

Real estate courses will be offered at all three Fordham campuses, including Lincoln Center.

Developed by leaders in the New York City real estate industry, courses are taught by active practitioners in the field.

“We will graduate 40 students in May,” said Debbie Lesperance, director of admissions at PCS. “This is the next natural step.”

In fact, there had been demand for a bachelor’s program for some time, reported Robert Morgenstern, director of the Fordham Real Estate Institute.

“It is definitely a very viable career option,” Morgenstern said.

The degree is earned by the completion of 124 credits, with up to 75 credits accepted as transfer credits for prior coursework, industry designations or life experience. Part-time and full-time students will be able to take classes in person at Fordham’s Lincoln Center, Rose Hill and Westchester campuses, as well as online. Classes will be offered in the evenings and on weekends. Students will receive free admission to multiple real estate events and networking opportunities throughout the semester. Students pursuing other majors can minor in real estate, as well.

Certain core requirements must be met before specialized study begins. Students majoring in real estate must have completed courses in Basic Macroeconomics, Basic Microeconomics and Statistics I before beginning the major’s required courses in law, real estate economics, real estate accounting essentials, finance, valuation and facilities, and development principles and practices. From there, student can choose from more specialized electives including real estate financial modeling, management, building design and construction, global markets and special topics.

“The real estate major is unto itself,” Morgetsern said. “We will cover all real estate applications.”

Courses will be taught by some of Fordham’s 100-plus adjunct professionals who are working in the industry and are teaching at the graduate level, though at press time it was a bit early to say who will be among the inaugural group of undergraduate instructors.

“The undergraduate courses are more introductory in nature, but very practical, in a fantastic location,” Morgenstern said.

Inquiries are picking up about the major, and both Morgenstern and Lesperance expect approximately 10 to 15 students for the first year, likely from the tri-state area.

“The class sizes will be small, very professional and practical,” Morgenstern said. He hopes that networking will begin naturally. “One of the benefits is that you can then get a job.”

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