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Graduate Real Estate Series: Johns Hopkin’s MS in Real Estate and Infrastructure

The Johns Hopkins Carey Business School MS in Real Estate and Infrastructure program has been a leader in real estate education for over 27 years. Distinguished by it’s location in the Carey Business School, the MS in Real Estate and Infrastructure program exposes students to multiple disciplines in the field, including investment, development, finance, construction and design, entrepreneurship, planning and sustainability, and capital markets. The full-time 1-year program is in Washington, D.C. The 2 year part-time program is available both on the Johns Hopkins University campus in Washington, D.C. and on the Johns Hopkins University campus in Baltimore, MD. The curriculum provides students with greater flexibility and experience in an increasingly competitive and diversified industry.

In this post, the fourth in a six-part series on graduate real estate programs in the United States, I’ll explore in-depth the Johns Hopkins MS in Real Estate and Infrastructure program, its students, its curriculum, its admissions process, and whether this prestigious graduate real estate program is right for you.

Disclaimer: I am a prospective student applying to these programs.

(Johns Hopkins Main Campus, Baltimore, MD. – Credit: Johns Hopkins Special Collections Flickr Account)


College: Johns Hopkins Carey Business School

Program Name: MS in Real Estate & Infrastructure

Location: Washington DC (Full Time) / Washington DC or Baltimore MD (Part Time)

Year Established: 1990 (Part Time); 2005 (Full Time)

Program History: The Johns Hopkins Carey Business School MS in Real Estate and Infrastructure program has been a leader in real estate education for over 27 years. One of the few graduate real estate programs of its kind to be part of a business school; the curriculum will provide you with greater flexibility and experience in an increasingly competitive and diversified industry.

Program Director: Ko Wang, PhD (Academic Program Director)


  • Undergraduate: USNWR (#10)
  • Graduate Real Estate (unranked due to pending AACSB visit in Nov’ 16)
  • Graduate School (unranked due to pending AACSB visit in Nov’ 16)

Degree(s) Offered: MS in Real Estate & Infrastructure; Global MBA

Dual Degree(s) Offered?: 54-credits; Global MBA w/ Real Estate & Infrastructure concentration or choose to convert the MS REI degree into MBA with an additional 1-year investment

Program Length: 36 credits; Full Time (1 yr.) with Fall Entry only; Part-Time (2 yrs. with Fall, Spring or Summer Entry)

Program Website: http://carey.jhu.edu/academics/master-of-science/ms-in-real-estate-and-infrastructure


Cost and Financial Aid


  • MSREI – $64,000 (Full Time); $1,290/credit (Part Time)
  • Global MBA – $57,000/year for 2 years

Financial Aid Available? Yes, including merit-based and endowed scholarships


Graduation Requirements: 3.0 Cumulative GPA

Concentration Available? MSREI (Full Time or Part Time) – No; Global MBA (Full-Time) – Yes

Courses Available outside program: N/A

Example Electives:

  • Real Estate and Infrastructure Valuation
  • Advanced Valuation and Investment Analysis
  • Global Perspectives in Real Estate
  • Real Estate Entrepreneurship
  • Real Estate Funds and Portfolio Management
  • Real Estate Investment Trusts: Analysis and Structuring

Faculty: Ko Wang, PhD (Academic Program Director)



Class Profile:

  • # of Students – 41 (MS Full-Time)
  • Average GMAT – 636
  • Countries Represented – 6

Extracurricular Activities:

  • NAIOP real estate competition, where students won $10k competing against the likes of Georgetown and American University
  • Student Clubs, etc. – http://carey.jhu.edu/life-at-carey/student-organizations/
    • Carey Connect – provide networking and mentorship opportunities
    • Case Competition Club
    • Net Impact
    • Johns Hopkins Carey Real Estate Club – connect current students at Carey to the outside world of real estate through interaction with alumni, site visits, speakers, and networking events

Social Life:

(Downtown Baltimore – Photo credit)


Areas of Focus: After graduation, MS in Real Estate and Infrastructure students have gone on to start or advance their real estate careers as brokers, project managers, asset management advisers, analysts, planners, and others

Geographic Focus: Domestic & International

Career Service Offerings

Internships: MSREI (No); Global MBA (Yes, during summer of Year 1)

Job Placement: Graduates find work in a wide range of positions from government and policy positions, consulting, entrepreneurship and development positions to finance and investment oriented positions. As you might expect, salaries are on par with the other graduate schools we’ve reviewed. See our series on compensation for a good approximation.


Links to Alumni:

Chris Murray – https://www.bisnow.com/baltimore/news/commercial-real-estate/life-after-carey-jll-managing-director-chris-murray-57415

Elizabeth Morrison – https://www.bisnow.com/baltimore/news/commercial-real-estate/life-after-carey-jbg-companies-finance-svp-elizabeth-morrison-57411

Michael Schwartzman – https://www.bisnow.com/baltimore/news/commercial-real-estate/life-after-carey-cityview-development-vp-michael-schwartzman-57408

Representative Hiring Companies:

Alex Brown Realty, Inc. Enterprise Comm. Partners KLNB
Bozzuto Development Erickson M&T Bank
CB Richard Ellis Fannie Mae PNC
Clark Construction Group Freddie Mac The Peterson Companies
Cushman & Wakefield Jones Lang LaSalle St. John Properties


Pre-requisites: Bachelor’s Degree

Admissions Requirements: GMAT/GRE; Work Experience (preferred); GPA 3.2+; TOEFL/IELTS (100+/7.0+); Resume; Essays (2); Letter of Recommendation (1); Transcripts (all schools attended)

Admissions Statistics: Not available

Admission Schedule:

  • Full Time (1 yr.) with Fall Entry only
  • Part-Time (2 yrs. with Fall, Spring or Summer Entry)


Strengths: The Johns Hopkin’s MS in Real Estate and Infrastructure is one of the older programs in the country and it’s alumni have climbed to the top of various governmental and corporate organizations since 1990 meaning the network has some powerful connections. It’s proximity and relationship to the booming Washington, D.C. area means not only close contact with policy leaders and government employment opportunities but also excellent private sector prospects. The part-time and full-time options make this program flexible for students looking to maintain their income and enhance their real estate skill set or networks.

Admissions Advice: It’s suggested that applicants complete a “quantitative refresher” from MBAMath.com before joining the program if they don’t have a strong quantitative background. Because of the rigorous nature of the MSREI program, being housed in the business school, applicants should highlight the analytical experience in their backgrounds somewhere in their application.


Other Resources

My hope is that the school profiles, including this profile of the Johns Hopkin’s MS in Real Estate and Infrastructure, can be living documents that are regularly updated as new information comes available. So if you have any additional information you think will improve this profile, please share it with me and I’ll gladly add it to the profile. Also, undoubtedly there is inaccurate or incomplete information in this profile and so please let me know if you see something that needs correcting.

Browse Other Master In Real Estate Profiles


Read Other Profiles

Columbia MSRED | Cornell MPSRE | MIT MSRED | NYU MSRED & MSRE | Johns Hopkins MSREI | USC MRED | Harvard REBE | Texas A&M’s MRE

About the Guest Author: A huge thanks to Dustin Dunham for researching and writing this profile. Dustin is a former banker and real estate startup entrepreneur. He's passionate about commercial real estate and currently a Masters in Real Estate candidate at Cornell University.