Advanced study in business administration and real estate is available through a dual degree program sponsored by the School of Business.

The dual degree Master of Business Administration and Master of Science in Business with a concentration in real estate program allows students to earn two degrees with a minimum of 63 graduate credits rather than the 75 graduate credits necessary if the two degrees were pursued separately. This efficiency lowers the overall cost of tuition while also reducing time to earning both degrees.

Prerequisite and/or foundation courses may effectively increase the number of credits needed to earn the degrees.

Program goals

The objectives of this dual degree program are to:

  • Prepare individuals to be not just effective real estate professionals but also leaders and managers in today’s organizations
  • Provide the ability to develop and use analytical models incorporating real estate and other data for making managerial decisions to achieve strategic organizational goals
  • Develop in individuals a better understanding of functional areas in large organizations and their importance to the real estate function
  • Develop interpersonal and professional skills critical to business including communication and presentation skills, leadership and management, and situational awareness, among others  

Among the many benefits offered by participation in the dual degree program are the following:

  • Complementing the general management skills obtained in the M.B.A. with a solid specialization in real estate and real estate finance
  • Enhanced ability to effectively compete for managerial positions not just in real estate or real estate finance but across a wide spectrum of levels and areas in today’s organizations
  • Enhanced job prospects — particularly for candidates intending to switch careers or striving to move up within their organizations
  • The ability to effectively complete both degrees within a shorter time frame with considerable time and tuition savings through the 12 shared credits

The diplomas for this dual degree program may be awarded sequentially or simultaneously. Students are not required to begin both programs in the same semester, but must be enrolled in both degrees for at least one semester prior to graduation from either program for credits to be shared across programs.

Student learning outcomes

See each degree program page for student learning outcomes.

Other information

Advising

A program manager will serve as an adviser and administrative liaison for students. The assigned program manager will assist in developing a plan of study to meet the curriculum requirements of both programs. A faculty adviser from the Department of Finance, Insurance and Real Estate will help students consider electives that will best serve their professional goals.

Admission requirements

Students must officially apply and be admitted to each degree program separately before the pursuit of the dual degree program may begin. It is not required to begin both programs in the same semester. View the application requirements for each program for additional details.

Degree requirements

Students must complete a minimum of 63 total credits to earn the Master of Business Administration and Master of Science in Business with a concentration in real estate.

A total of 12 credits may be counted toward both programs:

Course Title Hours
FIRE 623Financial Management (core requirement for M.B.A.; satisfies general finance elective for M.S.)3
FIRE 627Real Estate Development (core requirement for M.S.; satisfies M.B.A. elective)3
FIRE 629Cases in Real Estate (core requirement for M.S.; satisfies M.B.A. elective)3
FIRE 630Real Estate Valuation (core requirement for M.S.; satisfies M.B.A. elective)3

The diplomas for this dual degree program may be awarded sequentially or simultaneously. 

Curriculum requirements for the dual degree

Course Title Hours
M.B.A. requirements
• Required courses
ACCT 507Fundamentals of Accounting3
ACCT 608Managerial Accounting Concepts3
ECON 610Managerial Economics3
FIRE 520Financial Concepts of Management3
FIRE 623Financial Management (satisfies M.S. general finance elective)3
INFO 661Information Systems for Managers3
INFO 664Information Systems for Business Intelligence3
MGMT 641Leading People and Organizations3
MGMT 642Business Policy and Strategy3
MKTG 671Marketing Management3
SCMA 524Statistical Fundamentals for Business Management3
SCMA 675Operations Management3
• Electives
Satisfied by FIRE 627, FIRE 629 and FIRE 6309
M.S. requirements
• Required courses
FIRE 615Foundations in Real Estate3
FIRE 627Real Estate Development (satisfies M.B.A. elective)3
FIRE 629Cases in Real Estate (satisfies M.B.A. elective)3
FIRE 630Real Estate Valuation (satisfies M.B.A. elective)3
FIRE 658Real Estate Finance and Investments3
• General finance requirement (satisfied by FIRE 623, M.B.A. core requirement)3
• Approved electives9
Select nine credits from the following:
Guided Study in Finance, Insurance and Real Estate
Negotiations
Marketing Research
Topics in Marketing
Statistical Analysis and Modeling
Applied Multivariate Methods
Developing and Implementing Forecasting Methods for Business
Introduction to Geographic Information Systems
Spatial Database Management and GIS Modeling
Land Use Planning
Housing Policy
• Free elective3
Choose three credits approved by faculty adviser.
Total Hours63

The minimum number of graduate credit hours required for this dual degree is 63.

Sample plan of study

What follows is an example plan that meets the prescribed requirements. Students may work with their adviser to consider an individual enrollment plan that best meets their goals. Part-time enrollment and summer courses may be considered.

Year one
Fall semesterHours
ACCT 507 Fundamentals of Accounting 3
FIRE 520 Financial Concepts of Management 3
INFO 664 Information Systems for Business Intelligence 3
SCMA 524 Statistical Fundamentals for Business Management 3
 Term Hours: 12
Spring semester
ECON 610 Managerial Economics 3
INFO 661 Information Systems for Managers 3
MGMT 641 Leading People and Organizations 3
SCMA 675 Operations Management 3
 Term Hours: 12
Year two
Fall semester
ACCT 608 Managerial Accounting Concepts 3
FIRE 623 Financial Management (core requirement for M.B.A.; satisfies M.S. general finance requirement) 3
MGMT 642 Business Policy and Strategy 3
MKTG 671 Marketing Management 3
 Term Hours: 12
Spring semester
FIRE 627 Real Estate Development (satisfies M.B.A. elective) 3
FIRE 630 Real Estate Valuation (satisfies M.B.A. elective) 3
Approved electives 6
 Term Hours: 12
Year three
Fall semester
FIRE 615 Foundations in Real Estate 3
FIRE 629 Cases in Real Estate (satisfies M.B.A. elective) 3
FIRE 658 Real Estate Finance and Investments 3
Approved elective 3
 Term Hours: 12
Spring semester
Free elective 3
 Term Hours: 3
 Total Hours: 63

The minimum number of graduate credit hours required for this dual degree is 63.

Contact
Austen Gouldman
gouldmana@vcu.edu
(804) 828-4622

Additional contact
Graduate Studies in Business
gsib@vcu.edu
(804) 828-4622

Program website: business.vcu.edu/academics/mba-options