Real Estate & Leadership (MSc)

Real Estate & Leadership (MSc)

Study Profile MSc Real Estate & Leadership

The Master of Science programme Real Estate & Leadership is an holistic, interdisciplinary and real estate sector-specific study programme with extensive scientific content and strong research orientation. It is designed for ambitious Bachelor graduates with knowledge in engineering, architecture, urban planning and business administration as well as young professionals already working and looking for the next challenge. The programme focuses on the real estate sector and combines all herewith involved stakeholders: the community, the investor, the producer and the user.

Interdisciplinarity means merging real estate planning, engineering and business aspects. The MSc allows future generalists and managers to acquire the requisite knowledge and encourages them to think strategically and sustainably. As a result, the Master’s programme combines theoretical specialist knowledge and established management concepts with the continuing development of personal skills.

HSBA Master Real Video

Highlights of the Study Course

  • Support by 20+ companies from the Real Estae & Leadership Foundation

  • Unique REaL Practice Partnership Programme offering structured, research-oriented internships at renowned companies of the real estate industry

  • Strong support by HSBA professors who closely cooperate with lecturers from industry and other leading universities

  • Innovative research opportunities relevant to practice

  • Study trip to a global real estate hub

  • Cooperation with the Immobilien Zeitung by offering a 100% IZ scholarship

Facts on the Study Course

Students Maximum of 30 per group
Degree Master of Science with the right to proceed to doctoral studies
Credits 120 ECTS
Language English
Course Duration Regular-Track: 30 months, Fast-Track: 24 months; start on 1 October
Course Organisation Contact hours in approximately one full-time week per month; the total study workload is up to 30 hours per week
Admission Requirements Good Bachelor's degree with a good level of maths; work experience (internships, student assistant jobs) is beneficial for JOB&MASTER-placement and scholarships; B2-level in English language
Patronage Real Estate & Leadership Foundation e.V.
Financing Scholarships financed by the Real Estate & Leadership Foundation e.V.; JOB & MASTER programme; other scholarships available for all students
Study Fees 22,500 Euros (= 750 Euros per month) *. A reduction of tuition fees based on the support of the Real Estate & Leadership Foundation e.V. is possible. Fees include examination fees, fees exclude the costs for the study trip.
Application Process Written application, telephone interview, admission day. Applications are accepted until the maximum number of students is reached. We recommend to apply early, since scholarships and JOB&MASTER-places are allocated on a first-come-first-serve basis.
Accreditation FIBAA (Foundation for International Business Administration Accreditation)

HSBA alumni and  staff at partner companies, Job&Master candidates as well as applicants that apply before 31 May receive a 10% discount.

Impressions from our Students

"As a real estate "young star" - with a background in business administration and finance - I was looking for a degree programme that would enable me to develop my skills and abilities in a challenging environment. In the MSc Real Estate & Leadership, I have not only found this environment but have been challenged to face the daily adaptations, which the real estate market demands."

Katharina Sophie Tietz
MSc Real Estate & Leadership (Class of 2020)

"During my urban planning studies at the HCU, my interest in complex contexts in the city grew. At HSBA I can now further develop this knowledge with a specific focus on real estate development. In versatile modules, all phases of the real estate cycle are taken into account. What is particularly exciting for me is the combination of questions on real estate in combination with approaches to sustainability."

Lukas Hoberg
MSc Real Estate & Leadership (Class of 2019)

"I graduated as a city planner, but something was missing. I wanted a degree in real estate, practical and related to the Hamburg real estate industry. Here at HSBA different people from different backgrounds meet. Although I do not have a Bachelor's degree in business administration, I feel very happy at HSBA. All REaL students work alongside the MSc programme and in combination with a scholarship, it is possible to pay the tuition fees. HSBA is the right place for people who want to grow and be future players in the growing real estate sector."

Sina Christien Sauer
MSc Real Estate & Leadership (Class of 2020)

"In my engineering studies, I missed subjects such as project management, business administration and architecture. That is why I chose this programme. The interdisciplinary approach convinced me above all. Here I quickly realised that engineers speak a completely different language than architects or economists. Due to the various professional backgrounds, we come up with completely different approaches and new perspectives are developed. This provides an incentive for many interesting discussions and makes the study programme fun."

Raoul Höfer
MSc Real Estate & Leadership (Class of 2020)

"The real estate industry is undergoing change and needs well-trained and interdisciplinary specialists and managers. The MSc Real Estate & Leadership is a good supplement to my previous knowledge as a city planner. The course conveys the needs of various stakeholders in a real estate project and enables students to take on higher-level perspectives in order to design effective processes for the future. In particular, the combination of theory and practice forms a good basis for my further career."

Kristin Sammüller
MSc Real Estate & Leadership (Class of 2019)

"After completing my bachelor's degree in architecture, I chose the MSc Real Estate and Leadership programme to gain a holistic view of the construction and real estate industry. Here at HSBA I enjoy qualitative, interdisciplinary teaching that provides me with the bigger picture. The mixed group of business economists, engineers and architects promotes the understanding and cooperation of the different disciplines and creates a holistic insight into a project. Its variety and practical relevance characterise this study course."

Mark Andresen
MSc Real Estate & Leadership (Class of 2020)

Cooperation Companies of the Real Estate & Leadership Foundation e.V.

Study Structure

120 ECTS must be acquired over the course of the study programme. The credits are spread over 20 modules with 5 ECTS each and the Master’s thesis.

The students start-off the programme with the Built Environment & Markets of real estate, thereby receiving valuable insights into the international market environment, architectural principles as well as urban planning. The Development & Engineering phase of the course builds upon the fundamentals and focusses on planning, financing and organising a real estate project. Management & Strategy deals with the property itself and ranges from different management focusses (e.g. asset, portfolio, facility management) to various management concepts (e.g. cooperate, public).

The Specialisation & Innovation part of the course offers the unique possibility to gain further insights into innovative topics of the industry. The interdisciplinary modules Sustainability & Leadership are taught throughout the course and guide the students in order to become responsible future generalists with in-depth insights into the specific characteristics of the pro­perty sector.

Study Plan

Study Content: Semester 1 (Built Environment & Markets)
Study Content: Semester 2 (Development & Engineering)
  • Project Management & Construction
    5 ECTS
  • Law & Tax
    5 ECTS
  • Investment & Finance
    5 ECTS
  • Building Technology
    5 ECTS
  • Project Development
    5 ECTS
  • Study Trip
    5 ECTS
    2 term/s
Study Content: Semester 3 (Management & Strategy)
Study Content: Semester 4 (Specialisations & Innovation)
  • Specialisation
    15 ECTS
  • Digital Toolbox OR Student Competition
    5 ECTS
  • Master-Thesis Fast-Track
    20 ECTS
Study Content: Semester 5 (Master Thesis Regular-Track)
  • Master Thesis Regular-Track
    20 ECTS


Look forward to many practice-oriented lecturers from industry and renowned partner universities, next to the highly-motivated HSBA team of professors.

Application Process

On the MSc Real Estate & Leadership the following admission requirements apply:

  • Academic requirements: A completed third-level degree in architecture, construction engineering, urban planning, geomatics, property management, business administration or comparable covering 180 ECTS credits and with the minimum grade “good” (2.5 or better).
  • A very good level of mathematical and analytical knowledge: An average of 10,0 points in two semesters of the study course or on the A-levels or an HSBA entrance examination or a similar certificate.
  • Ability to complete a course of studies in English (minimum level: B2 of the European Framework of Reference).
  • One year of practical work experience relevant to the study course (e.g. internships, student assistant).

Secure Your Study Place on the MSc Real Estate & Leadership in Four Easy Steps:

Step 1: Written Application Please send us the following documents in one PDF to Application Form, English Motivation Letter, CV, Academic & Personal Reference, Degree Certificate, Transcript of Records, English certificate (min. B2)  
Step 2: Telephone Interview In this first interview you should explain your motivation, but of course you can also ask questions about the programme. The telephone interview lasts about 30 minutes.  
Step 3: Admission Day We get to know you better by setting different tasks throughout the day. This day also gives you the opportunity to visit our campus and meet professors.  
Step 4: Admission After a successful Admission Day we welcome you to HSBA officially. If applicable, you will be accepted into the JOB & MASTER programme at this time and will of course receive your contract and all other information relevant to the programme.  

Financing of the Study Course

The course fees are 22,500 Euro for the overall programme. HSBA alumni and staff at partner companies, JOB & MASTER candidates as well as applicants that apply before 31 May receive a 10% discount. 

The course fees include the exam fees but please be aware that costs related to the study trip are not included. Usually the Real Estate & Leadership Foundation e. V. or the employer pays a part of the course fees.

Your Financing Options

The financing plan of HSBA and the Real Estate and Leadership Foundation e.V. can partially cover the tuition fees for the MSc Real Estate & Leadership for students who work a maximum of 20 hours/week within the framework of the REaL Practice Partnership Programme.

Funding is available for applicants who have submitted a meaningful and convincing application and successfully completed the HSBA admission process. The reduction in tuition fees is usually 12.000€ of the total tuition fee and is granted together with the admission to the programme. The guidelines of the Real Foundation funding can be found here.

To apply for the scholarship, please add the following documents to your application for the programme:

  • A letter of recommendation from your current or recent employer and an academic reference.
  • A further letter of motivation for the grant application in which the applicant explains why they qualify for a grant and what they would like to achieve in the short, medium and long term, based on the degree programme and grant, with regard to their own social responsibility.

As an accredited student for the MSc Real Estate & Leadership, the REaL Practice Partnership Programme gives you the unique opportunity to gain a variety of insights into companies across a range of disciplines and thus further enhance the interdisciplinarity of your studies. In three to six months of employment, you will either be employed in a classic working student activity in day-to-day business or you will be given a current practical task to deal with in the company. With this you can also finance a significant part of your studies, as you are remunerated at an hourly rate of 15€ and can work up to 20 hours a week outside the attendance hours of the study course.

Please feel free to contact us if you require further information.

If the applicant is already in employment, it may be possible, depending on the company, for the employer to cover most of the tuition fees.

HSBA’s JOB & MASTER programme is a free placement service for applicants (still) looking for employment. If you are eligible to join the placement service, HSBA will assist you finding a job. Please note that not all students may be eligible to take part. Please inform us if you are interested in the JOB & MASTER programme, so we can advise you accordingly. 

With Income Share Agreements (ISA) tuition fees are financed in whole or in part by CHANCEN eG. In return, starting from a fixed annual minimum income, the student will repay a fixed share of his income to the Chancen eG after completing his studies. The concept envisages that student repayments can be used to fund study places for future generations using the same model. On the website of Chancen eG you can find further information.

Feel free to contact us if you have any questions.

IZ Scholarship

The Immobilien Zeitung awards a full-time scholarship of 22,500 euros for the MSc Real Estate & Leadership course at HSBA Hamburg School of Business Administration for a particularly worthy applicant!

This awaits the IZ scholarship holder:

  • Full-time scholarship in the amount of 22.500€
  • Start of studies at the HSBA in winter semester 2020
  • Premium package of the real estate newspaper
  • Invitation to Wiesbaden in the headquarters of the IZ
  • Participation in career, IZ and Heuer dialogue events
  • Taster day/week before or during your studies at IZ (e.g. editing, data editing, marketing & sales etc.)

We expect the following from the IZ scholarship holder:

  • Every month a qualified experience report or blog post (What have I experienced during my studies, what were the contents of the lectures, how am I doing, what experiences have I had with my professors, fellow students, etc.). The minimum length is 2,500 characters with spaces. The article will then be published on
  • Visit and get to know the Immobilien Zeitung in Wiesbaden in our head office.

To apply, please enclose an additional letter of motivation for the scholarship with your application. This should explain why the junior real estate students should offer you the scholarship:

  • I am particularly suitable for the course of studies and the scholarship, because...
  •  With the scholarship, I would...
  • I am involved socially/voluntarily in the area ...., because ....

Please send all your application documents to masters.admissions(at) Please note that the application deadline is 15 July.

Further information can be found here: Please be aware that this information is currently only available in German, if you need assistance, please get in touch! The application deadline is the 30 August.

Of course, you can also finance your studies yourself. There are some options to support you:

Germany Scholarship: The "Deutschlandstipendium" scholarships are awarded based on performance and amount to EUR 300 per month. 50% stem from public funding from the German government and 50% from the university's own private funding. For further information please take a look at the specific information and regulations regarding the "Deutschlandstipendium". 

Scholarships & Foundations: For further funding needs, HSBA students may qualify for other scholarships. A good place to look for the most appropriate scholarship is To find a suitable foundation, please check the platform When choosing a scholarship, always make sure that students of part-time Master's programmes are eligible to apply.

Student Loans: The following banks offer student loans on special terms:

Further information on the topic can be found on the websites and the CHE-Studienkredit-Test 2016. Please be aware that these websites are only available in German.