Why is this program needed?
Welcome to Canada’s first fully online (Executive) MBA specialty stream in Real Estate Leadership! This visionary new program has been jointly developed and is supported by the Real Estate Institute of Canada (REIC).
According to data from Industry Canada, the residential, commercial and industrial real estate industry in Canada, including the total value of property and facilities sales and leases, and property management fees, is approximately $100 billion, supporting some 600,000 jobs. An industry of this magnitude, subject as it is to the influence of substantial swings in a region’s economic and political influences, needs leaders with the vision and ever-developing competence to guide their organizations through these potentially turbulent waters, towards greater and more robust performance.
Who is the program designed for?
Our online EMBA with a focus in Real Estate Leadership is designed for advanced-career professionals and managers of real estate organizations such as brokerages and property management companies who aspire to lead their businesses towards much higher performance. It begins with coverage of fundamental management essentials such as financial, analytical and decision-making skills, and knowledge of an organization’s core functions and interactions. The program goes much further than that. Its core focus is on leadership techniques, especially collaborative leadership in the complex context of dual objectives and multiple stakeholders; but it augments this core focus with a series of specialty courses focused exclusively on the needs of Real Estate leaders.
Our goal is to prepare advanced-career professionals and managers for senior managerial positions, and to prepare them for success, all without interrupting their career momentum. To accomplish our educational goal we provide a highly-qualified faculty, a variety of educational tools and techniques, some of the most advanced online teaching and learning applications available, and a carefully designed suite of courses delivered in a focused and flexible schedule.
Our Executive MBA is comprised of 14 courses:
- 1-week online orientation
- 10-foundation level courses
- 3-specialty stream courses
- 1-Integration Project (Capstone of the program)
Finish the program in 2-years, 5-months:
- 7-weeks per foundation level course
- 7-weeks per specialty stream course
- 12-weeks for the Integration Project course
Cut your program length in half:
- Students may take 2-courses per session to halve the length of their program (subject to course availability)
The online experience
To maximize the global learning experience throughout the program our students will participate in “live” seminars and conferences (often referred to as vClasses) with experienced leaders from global organizations. Our students and faculty are not limited by geographical boundaries, providing a new educational experience that allows learners to think with a global perspective while working on case studies and projects with other colleagues from around the world.
Real Estate Leadership Curriculum (45 credits)
Level A – Foundation Courses (30 credits)*:
EMBA 7000 – Orientation
The purpose of this course is to provide students with an overview of the online collaborative learning environment and course delivery methods.
EMBA 7005 – Leadership Theory and Practice (3 credits)
This course gives students the foundational knowledge they need to critically assess leadership concepts and their utility. Students survey the leadership theories of key thinkers and practitioners in the field, learning about the empirical, theoretical and pragmatic strengths and limitations of each approach. Through case studies and exercises, students develop an understanding of organizational leadership. They will also learn a comprehensive set of leadership practices that will have immediate value for application at work.
EMBA 7010 – Financial and Managerial Accounting (3 credits)
This course offers a comprehensive, graduate level exploration of managerial accounting. The course utilizes case studies and audit reports to focus on the use of appropriate accounting systems and the application of accounting data in the management of an organization. In conjunction, what accounting data are interesting or relevant-to-task, and how such data might be used is dependent upon what the manager is seeking to accomplish and what other information may or may not be available.
EMBA 7015 – Managerial Finance (3 credits)
All managers are required to possess a basic understanding of financial concepts. This course explores the principle role of finance via its concepts, calculative applications, and capital market analyses. In addition, the basic concepts of the time-value of money, rates of return, and valuation are covered.
Students will learn how capital markets function, what different securities exist, and how to manage cash flow. Credit, risk, working capital, and analysis of financial statements receive particular attention. Cases are used throughout the course to provide students with hands-on experience in the use of financial tools. Unlike other finance courses, this consists of half concept and half mathematics. Besides providing basic math skills, this course should provide students with an excellent introduction to financial management concepts.
EMBA 7020 – The Global Economic Environment (3 credits)
Systematic understanding of the internal and external economic environments of an organization, and the ability to analyze them as a basis for sound decisions, are core pre-requisites of sound leadership.
This course reviews basic macro and micro-economic concepts (e.g. supply and demand, elasticity, production function, competitive environments, pricing, etc.), and illustrates their impact on decision making and strategy formulation. Students will learn how to think through economic challenges and opportunities presented to their organization.
EMBA 7025 – Governance, Strategy and Structure (3 credits)
Leading and managing organizations requires knowing something about changing them. This course will assist the learner in understanding the drivers of successful organizational change and development; clarify the components of an effective and healthy organization – the meta-goal for any change effort; and understand the skills to successfully design, launch, nurture, and lead change.
EMBA 7031 – Systems Thinking and Organizational Design (3 credits)
In response to the increasingly complex global environment, this course prepares leaders to think more holistically when analyzing organizational challenges. Effectively using systems thinking, design thinking, and performance excellence concepts, students are able to systemically assess entire organizations. Being able to understand the many functions and systems they will encounter, students will learn that optimizing one part of an organization often sub-optimizes overall organization performance. The learned ability to comprehensively analyze leadership, strategy, operations, and performance will prove invaluable during the Integration Project.
EMBA 7035 – Strategic Marketing Planning (3 credits)
This course focuses on the strategic marketing planning process from the perspective of two key roles in the organization, i.e., the Chief Marketing Officer (CMO) and the Brand (or Product) Manager. Leaning heavily on external and internal analyses and the CEO’s strategic guidance, we examine how these managers refine the company’s long-term go-to-market strategy, at both the corporate level and the product level. We also briefly examine which leading edge digital applications are most useful with respect to intelligence gathering, analysis, decision-making and/or implementation.
EMBA 7040 – Strategic Operations Planning (3 credits)
This course focuses on the operational planning process from the perspective of the Chief Operating Officer (COO). Leaning heavily on external and internal analyses and the CEO’s strategic guidance, we examine how the COO develops the company’s long-term operations strategy, comprising decisions about supply-chain logistics, production, customer service, quality assurance (QA), distribution and field support. We also briefly examine which leading edge digital applications are most useful with respect to intelligence gathering, analysis, decision-making and/or implementation.
EMBA 7045 – Strategic Human Resources Planning (3 credits)
In today’s global context the rate of change is accelerating, and personnel have to be world-ready, and organizations have to be change-ready. This course examines the human resource recruiting and development function and the organizational design function within a global and organizational lifecycle perspective, emphasizing how personnel and designs must change as projects and divisions evolve. This dynamic approach to organizational development prepares students to diagnose mismatches between existing personnel and designs versus changing demands, and to develop personnel and designs to accommodate new realities.
EMBA 7050 – Strategic Information Systems Planning (3 credits)
In today’s 24/7 global operating environment, the possession of sufficient and correct information about the relevant external and internal environments, obtained and circulated to the right decision-makers in a timely fashion, can spell the difference between success and failure. This course introduces the main concepts of management information systems (MIS), examines how the design of MIS can affect the performance of an organization, and explores the process of information systems planning from the perspective of the CIO.
Level B – Specialty Stream (9 credits)**:
REL 8050 – Leading Property Management
Most property owners use real estate property managers when they rent properties. As owners increasingly see real estate as a financial investment tool, owners actively seek property managers that are qualified, consistent, use the latest tools and are aware of the latest regulation and laws in their business. In this course, students will explore the area of property management, learn how to lead in the practice, examine various software tools to aid in the process of management and price their services to encourage a growing client practice. Day to day activities of the property management will be identified and analyzed.
REL 8051 – Vital Skills for the Real Estate Professional
Real Estate professionals are under increasing demand to provide top quality services and technically savvy marketing for buyers and sellers with pressure to do so at the lowest cost possible. In this course, students will study methods for marketing properties and their practice using social media, technical tools available to them as real estate professionals, public relations techniques, methods of communication in the practice and skills to help build a thriving real estate practice including social media, tech tools, communication and PRI.
REL 8052 – Market Trends in Real Estate
Real estate is a constantly changing environment; from demand and supply to interest rates and buyer/seller expectations, real estate professionals must be able to identify and stay ahead of market trends to grow a thriving practice. In this course, students will analyze market trends in real estate, identify legal and regulatory changes and impact and explore market trends in the business.
Plus one of (6 credits):
IP 8999 – Enterprise Integration Project (IP)
The Enterprise Integration Project Capstone is a 14-week capstone course involving student teams and senior executives from a business organization. The required comprehensive analysis of the organization draws from the key concepts that students will have learned in the Foundation courses.
The primary goal of the Enterprise Integration Project Capstone is to integrate and apply the knowledge, skills, and critical insights learned in the program through a comprehensive analysis of an organization’s leadership, strategy, business operations, and performance. The Capstone results in a report and presentation to the organization’s senior leaders, identifying the organization’s strengths, opportunities for improvement, and recommendations. This demanding project brings together the many dimensions of today’s business environment into an understanding of the organization as an integrated system.
Under the supervision of faculty members, each small team of students will approach and establish a formal project relationship with an existing business organization and one of its senior executives. Students will draw on material acquired in the Foundation courses to analyze and make recommendations for strategic adjustments to the organization.
Prerequisite: Successful completion of all Level A and Level B courses.
IP 8998 – Global Capstone (with International Field Study)
The Global Capstone is a 14-week capstone program involving the development of a comprehensive business plan for doing business globally. The focus of the Global Capstone program is to develop capable and ethical business leadership through an experience in global operations, helping students to understand how to meet the demands of an increasingly global, multicultural, and complex world. Working in small teams, students will have the opportunity to focus on global challenges, including market, economic, governmental, cultural and political systems, and their implications for an international business plan.
To maximize the global learning experience, students attend a 9-day session at an international location and participate in in-person seminars and/or conferences with experienced leaders from global organizations.
Drawing on material from the Foundation courses and a multitude of presenters, the team of students will develop a global business plan for a product/service of their choosing.
There will be concept reflection, synchronous vClasses, and during the International Field component students will also experience group workshops and varied executive presentations. The exposure to executives and international topics will provide critical concepts for the global business plan. As a learning experience, these executives are presenting critical concepts to their own business operations, offering insights for the program project.
Upcoming Start Dates
Application deadline: November 20, 2018- Course Start: January 7, 2019
Application deadline: February 1, 2019- Course Start: March 4, 2019
Application deadline: March 29, 2019- Course Start: April 29, 2019
Application deadline: May 24, 2019- Course Start: June 24, 2019
Get Started Now! More Dates
Janette O'Neill-Scott, Executive MBA alumna
“UFred’s graduate program for the MBA applies relevant, industry knowledge in a manner geared to working professionals”
*Students are expected to complete all ten of the foundation courses (Level A) before entering their specialty stream; however, in exceptional circumstances and due to scheduling, students can request to take specialty courses prior to completion of their foundation courses. Students must apply to the Dean’s Office for an exception; however, please note, eight foundation level courses must be completed before an exception can be granted.
**Students are expected to complete all ten of the foundation courses (Level A) and three stream-specific specialty courses (Level B) before entering their Integration Project; however, in exceptional circumstances and due to scheduling, students can request to take the Integration Project prior to completion of their specialty courses. Students must apply to the Dean’s Office for an exception; however, please note, eight foundation level courses must be completed before an exception can be granted.