Center for Real Estate

Fall Term (September)

Master of Science in Real Estate Development (SM)

For all applicants:

Graduate Record Examination (GRE)

• General test is optional
• Institute code: 3514
• Department code: 4409
• Current scores only; scores must be less than 5 years old

Graduate Management Admissions Test (GMAT)

• General test is optional
• Department code: X5X-W6-19
• Current scores only; scores must be less than 5 years old

Note: The GRE/GMAT exams are optional but strongly recommended by the CRE department. Review the test score policy in full at our website. All submitted test scores will be considered during the application review process.

For international applicants:

International English Language Testing System (IELTS)

• Minimum score required: 7.5+
• Electronic scores send to: MIT Graduate Admissions
• Current scores only; scores must be less than 2 years old

Test of English as a Foreign Language (TOEFL)

• Minimum score required: 100 (iBT)
• Institute code: 3514
• Department code: 99
• Current scores only; scores must be less than 2 years old

Review the English language proficiency (ELP) test score policy here.

Department ELP test policy: International applicants should submit the IELTS or TOEFL, not both exams.  Eligible applicants may apply for a department ELP test waiver by December 15th, 2025. Refer to the CRE department’s FAQ for waiver requirements.

The MSRED tuition is a premium tuition, which means it is approximately 10% higher than the standard cost for other MIT graduate programs. The MSRED program offers a limited number of fellow and fellowship programs annually. These awards are given at the discretion of the funder and may not be offered every year.

The MSRED program generally awards 2-3 Fellows annually. Fellow programs are financial awards comprised of both tuition assistance and a stipend, which require 5-10 hours of work per week in a research or liaison capacity. Fellowships are tuition assistance only.

Information about CRE fellow programs is made available to students as it is received by our program. For more information, please see CRE’s Tuition and Fellowships page.

Required:

• Online application
• Statement of objectives
• Three letters of recommendation
• Transcripts
• English proficiency exam scores (international applicants only)
• GRE or GMAT scores
• CV or resume
• Fellow Program and Fellowship Application Form

Optional:

• Portfolio

Qualified candidates should have an extensive amount of professional real estate work experience (minimum of 3-5 years).  Applicants with 0-3 years of real estate experience may apply under the MSRED Young Leaders designation on the application form. For Young Leader applicants, two of the three required letters of recommendation may be from an academic reference. The third should be from a professional reference.

The MSRED Young Leaders designation is reserved for exceptional candidates with less than the required work experience. Approximately 10% of an admitted class may be designated as Young Leaders.