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Global Perspectives on the Future of Real Estate Education

Explore key issues in real estate education globally, including curriculum changes, employment trends, and future outlook. Learn about shifts in provision, curriculum design, and the market for graduates. Discover three key trends shaping the future of real estate education.

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Global Perspectives on the Future of Real Estate Education

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  1. Global Perspectives on the Future of Real Estate Education ÉamonnD’Arcy - University of Reading IRES President 2011 CBRE Fellow in International Real Estate

  2. IRES Education Task Force • Objective of identifying both the common factors shaping the future of real estate education on a global basis and the key regional differences in priorities • Six panels and plenary sessions held globally in 2011 • PRRES – Gold Coast – Panel • ARES – Seattle – Panel and Education Track • ERES – Eindhoven – Panel • AsRES – Jeiju – Panel • LARES – Sao Paulo – Plenary Session • AfRES – Windhoek – Plenary Session

  3. Key Issues Examined • Changes in the structure of provision • Curriculum • Employability and the market for Graduates • Three Key Trends shaping the future of real estate education in the region

  4. Changes in the structure of provision • Modes and Composition: UG; PG; Flexible; Executive; Distance learning; Life Long Learning • Increasing diversity of provision in most regions • Shift to PG modes in most regions • Need for standardising provision • Location: Business School; Built Environment School; Other • ERES – Business School Increasingly Important • AsRES – Transition from Built Environment to Business School • LARES, AfRES – Built Environment more Important

  5. Changes in the structure of provision • Expansion; Contraction; New Entry • Expansion AsRES, LARES, AfRES • Over-Provision ERES, PRRES • Educator and Student characteristics • Greater Diversity • Internationalisation of student cohorts • Restrictions on Student subject backgrounds in some regions

  6. Curriculum • What is Core and how has this changed? • Significant regional differences reflecting traditions of provision • Specialisms • Finance, Securities, Sustainability and CSR • Integrating the ‘real’ world • Considerable diversity in practice but many common trends • Market Relevance as a driver of curriculum design • Educators have become more aware but many still do not engage with the market actors • Global Relevance as a driver of curriculum design • Internationalisation of student cohorts • Summer Schools with a focus on international Markets

  7. Employability and the market for Graduates • Employer characteristics • Remarkable uniformity of employers across regions • Public sector employers very significant in some regions • Shifts in the market for graduates • Business skills a key driver • Embedding employability • Becoming more important in most regions • Relevance of professional accreditations • Considerable regional variation • Reflects traditions of professionalisation

  8. Three Key Trends shaping the future of real estate education • Opportunities • Significant potential for expansion in most regions • Specialisation • Improving industry engagement • Constraints • Traditions of provision • Educator human capital • Market structures and attitudes to education • The Future Landscape • Winners and losers in markets with over-provision • Wider value added (employability) a key consideration in student choice • Emergence of global delivery platforms in real estate education

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