Applications for the Master of Science-Business: Real Estate and Urban Land Economics: Real Estate will open September 3, 2019 for Fall 2020 enrollment.

Selecting the right master’s program for your career goals is important. Our admissions team is here to help you at every stage, from inquiry to application. Call or email us; or contact us to schedule a phone, Skype, or in-person appointment.

Master’s Programs – Application Deadlines for Fall 2020
Application due For review of
November 1, 2019 First-round applications
February 1, 2020 Second-round applications
April 1, 2020 Third-round applications and final round for international applications
After April 1, 2020 Rolling review for domestic applications only

Admission Requirements

  • Bachelor’s degree completed or expected completion by start of the program
  • Prerequisites: Demonstrated knowledge of business fundamentals completed or expected completion by start of program. Examples include:
    • Undergraduate degree with business major or minor
    • Completion of a Certificate in Business at UW–Madison
    • Completion of a Certificate in Entrepreneurship at UW–Madison
    • College coursework in microeconomics, accounting, and finance
  • Completion of REAL EST 306-The Real Estate Process, or equivalent
  • Standardized test scores: GMAT or GRE
  • TOEFL score of at least 100 for international students (TOEFL requirement is waived if applicant studied in a U.S. school for four years or another school where English is the medium of instruction)
  • Current résumé
  • One letter of recommendation
  • Response to essay question
  • Application and application fee
  • Interview–by invitation only with a completed application

Application Requirements in Detail

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  • Degree Equivalent

    A bachelor's degree from a regionally accredited U.S. institution or a comparable degree from an international institution is required. International applicants must have a degree equivalent to a four-year U.S. bachelor’s degree. Minimum degree equivalents for some countries can be found here.

  • Degrees/Transcripts

    A bachelor’s degree completed, or expected to be completed, from an approved (accredited) institution is required by start of the program. International applicants must have a degree comparable to an approved U.S. bachelor’s degree. You are able to submit your application with unofficial transcripts; certified copies of transcripts from the institution where the degree was conferred are required for all admitted students.

    Official transcripts can be submitted in one of two ways. Official transcripts may be mailed directly from your undergraduate institution in a sealed and stamped envelope sent to the Admissions Office. Official transcripts may also be submitted electronically via email to Official transcripts must be received on or before August 1.

  • Standardized Test Scores (GMAT or GRE)

    A Graduate Management Admissions Test (GMAT) or Graduate Record Examination (GRE) is required. Please direct the testing service to forward your test results to the University of Wisconsin–Madison (GMAT institution code: 79K-2S-38; GRE institution code: 1846)

  • TOEFL or IELTS Score

    Applicants whose native language is not English or whose undergraduate instruction was not in English must complete either the Internet-based (100 or higher) or paper-based (600 or higher) TOEFL. The test must be taken within two years of your intended start term. Please direct the Educational Testing Service to forward your test results to the University of Wisconsin–Madison (institution code: 1846).

    Results of the IELTS (International English Language Testing System) or PTE (Pearson Test of English, institution code: NML-ZH-25) will also be accepted. An IELTS minimum score of 7.5 or higher, or a PTE Internet-based score of 73 or higher or paper-based score of 80 or higher, are required.

    An international applicant whose four-year undergraduate degree and/or master’s degree (minimum of eight semesters total) instruction was in English, or who will complete such a degree prior to matriculation at the University of Wisconsin–Madison, may request a waiver. To request a waiver for the language test requirement, please select the TOEFL test type in your online application and select “Request a Waiver” for the English proficiency test. We will confirm that English is the language used at the academic institution where your degree was conferred.

  • Résumé

    A one-page résumé outlining your professional, academic, and personal achievements. You may find the following resources helpful as you prepare your résumé.

  • Essays

    Required Short Answer Questions

    The short answer questions are required, and are an opportunity for you to share more information about your career goals. Please answer the questions in full.

    • Why have you selected the MS in Real Estate? What actions have you taken to better understand your intended career?
    • What are your career goals immediately following the completion of your degree? In the event that your career goals change or shift from your original intentions, what is your alternative plan?


    Recommended Essay

    The recommended essay is an opportunity to share more of your unique experiences with the Admissions Committee; it is not required to submit your application.

    Please choose one of the four prompts below, and answer the question in full. You may discuss personal or professional examples; however, if you choose to speak about a personal experience, please discuss the impact that experience has had on your professional life. Also, please indicate at the top of your essay which prompt you have chosen to answer.

    • Tell us about a time you stepped out of your comfort zone. What did you learn about yourself and how have you used that knowledge since?
    • Tell us about a time you demonstrated leadership in a way that made an enduring impact. What did you learn about your strengths and weaknesses as a leader from that experience?
    • Tell us about a time when your opinion evolved through conversations with others. How did you use this experience to adjust the way you work when a part of a team environment?
    • Tell us about a significant obstacle you have encountered and its impact. What did you learn about your ability to persevere and successfully face challenges head-on?


    Optional Essay

    Please use this optional essay to communicate additional information about yourself that is not otherwise represented in the application, and that you feel would benefit the admissions committee.

  • Letter of Recommendation

    One recommendation is required. Select a recommender who is qualified to evaluate your potential for leadership or management. He or she should have a strong understanding of your abilities and be familiar with solid examples of your accomplishments. This individual may be a current or past supervisor or manager, a client or vendor, or a representative of a volunteer or community organization in which you are involved.

    You will enter your recommender’s name and email address into your application. The recommender will then receive an email with a link to your recommendation form. The recommendation forms are submitted separately from your application upon its completion. You should not wait for your recommender to submit his or her recommendation before submitting your application; however, your application will not be reviewed without the recommendation form.

  • Admissions Interview

    Admission interviews are by invitation only once you have submitted a completed application. The interview will be conducted either in person, by phone, or by videoconference. If you would like to meet with a member of the admissions team to learn more about program, discuss your specific application, and ask questions, you can arrange a time to meet in person or by phone. Contact the Admissions Office to get started.

  • Prerequisites
    1. Demonstrated knowledge of business fundamentals completed or expected completion by start of program. Coursework can be done at any accredited university or college. Below are ways to meet this prerequisite. Only one is needed to fulfill this requirement:

      • Undergraduate degree with business major or minor
      • A Certificate in Business
      • Earning a minimum 3.0 GPA in intermediate college coursework covering at least two business disciplines from the following list:
        • Marketing
        • Operations
        • Finance
        • Accounting
        • Management
      • General Business 310 or 311 at UW-Madison. These course are offered every semester and during the summer. Applicants may complete these courses online as a special student.
      • At least one year of full-time work experience in one of the business disciplines mentioned above


    2. Completion of REAL EST 306-The Real Estate Process, or equivalent. (Can be taken the summer before enrolling.)
  • Application Fee

    The application fee is $75 for both domestic (non-international) and international students. There is an additional processing fee of $6 for international students. Payment by credit or debit card is available through the online application system. Admissions decisions will not be communicated to the applicant until the application fee has been received.

Tuition and Fees

Program Tuition and Fees for 2018-2019 Academic Year

Tuition, Fees,
Tuition $19,162 $38,777
Segregated Fees* $1,282 $1,282
Yearly Total $20,444 $40,059
Exact tuition and fees are set each August by the state legislature; tuition may vary from year to year. Additional information is available from the Office of the Registrar. Estimated expenses for books, supplies, room and board are provided by the University of Wisconsin–Madison Office of Student Financial Aid.

*The segregated fee rate is updated each summer by the Board of Regents of the University of Wisconsin System.

**Minnesota residents may be eligible for reduced tuition as participants in the Minnesota–Wisconsin reciprocity agreement. Students certified under this agreement, although classified as nonresidents, are assessed the comparable instructional fees in effect at the University of Minnesota–Twin Cities campus, plus the segregated fees assessed all UW–Madison graduate students. Contact the Minnesota Higher Education Services Office for a reciprocity application.