Graduates of the MRED+D program may not don hard hats too often, but nothing is more thrilling than walking through a construction project whose completion will meet users’ needs while providing a legacy of financial performance and design excellence that makes the community a better place. The diverse career options for graduates allow them to contribute to our society, economy, and planet – whether by starting new, innovative companies, financing net-positive real estate projects, designing climate resilient developments, or helping cities craft more inclusive and affordable neighborhoods. Program graduates enjoy a dual edge, offering employers and clients, expertise in real estate finance and development along with a knowledge base in design and the built environment.
An MRED+D degree opens the door to a host of exciting career opportunities. Our goal is to prepare graduates with professional education and training but also expand their vision for the future. That vision can include becoming an entrepreneur and starting a new firm, joining a start-up or established company, working in government, or serving a nonprofit organization that addresses urban challenges or seeks, improve quality of urban life, or protect the planet.
The MRED+D program readies its graduates for major careers in real estate development and related fields. The CED Office of Career Services and MRED's Career Specialist provide a wide range of resources tailored to MRED+D students. These include up-to-the-minute listings of internships, competitions, and employment opportunities, career counseling, career development workshops and industry panels, student-mentor mixers, career fairs, and recruiting events. In addition, the Berkeley Real Estate Club provides a chance to meet a wide range of other graduate students interested in real estate, and offers a variety of professional development opportunities including the Accelerated Careers in Real Estate (ACRE) program. Post-graduation, MRED+Ds will join the Berkeley Real Estate Alumni Association, ax extensive network of Berkeley alumni in the Bay Area, across the country, and around the world who have graduated from CED, the Haas School of Business, Berkeley Law, and other related programs.
MRED+D students also benefit from the program’s respected Affiliated Professionals, experienced industry experts who play a vital role in course instruction. These industry leaders utilize the case method to teach students about real work development examples, enable students to understand the complexities of development practice, and provide connections to the broader professional community. Affilates also participate in the MRED+D program as guest lecturers, studio critics, and competition mentors. These professional help build a wide network for students and help them launch their careers.
Placement Rate: 100% within 2 months of graduation
Average Starting Salary: ~$123,000
- typical range: ~$95,000 to ~$155,000
Average Starting Annual Bonus : ~$17,000
- typical range: ~$10,000 to ~$25,000
Average Starting Compensation: ~$140,000
- typical range: ~$105,000 to ~$180,000
Sample Job Titles: Development Manager, Development Associate, Associate, Real Estate Asset Manager, VP of Development, Project Manager, Director of Development & Construction, Associate Development Manager, Investment Analyst, Real Estate Finance Associate, etc.
Sample Companies: Allied REIT, Boylston Properties, Bridge Housing, City Ventures, Emerald Fund, Fivepoint Holdings, Golden State Warriors, Lendlease, Onni Group, Prologis, Scannell, SKS Partners, UD+P, etc.
“Our urban communities face synchronous challenges that traditional educational programs often aren’t prepared to address. I applaud the College of Environmental Design at UC Berkeley for creating the Masters of Real Estate Development and Design (MRED+D). Now more than ever we need a holistic approach to design, development and land economics. The Berkeley program is a brilliant orchestration of the very people, pedagogies and practices required to teach a new generation the skills we’ll need to solve the urban issues of today and tomorrow.”