The Profile of Executive Real Estate Education

Transcription

Karl-Werner Schulte; Gisela Schulte-Daxboek:
The Profile of Executive Real Estate Education –
Results from an Empirical Study
13th Pacific Rim Real Estate Society Conference, Fremantle, January 21-24, 2007
Contents
Introduction
Page 2
1.
Characteristics of the PGC Real Estate
2.
Structure of the Empirical Survey
3.
Role of Employers
4.
Expections of the Participants
5.
Experiences of the Graduates
6.
Trends in Executive Education
Prof. Dr. Karl-Werner Schulte HonRICS CRE
Life Long Learning
Updating
Real Estate Knowledge
Primary
University Education
UG FT
Bachelor Degree
Professional Experience
Executive Real Estate
Diploma Programs
PG PT
Real Estate
PG PT
Corporate Real Estate
Management &
Facilities Management
Brush-up Seminars
Real Estate
Study Tours
Deepening
PG PT
Shopping Center Management
PG PT
Real Estate Portfolio
Management
PG PT
International Real Estate
Appraisal & Accounting
UG = Undergraduate
PG = Postgraduate
FT = Fulltime
PT = Parttime
Page 3
PG PT
Residential Property
Management
PG PT
REIT-Management
Comprehensive
Property Related
Management Education
Executive MBA
in Real Estate
1 Characteristics of the PGC Real Estate
Page 4
PGC Real Estate
Duration:
61 Days in 15 Months (2 Block-Phases, 20 Weekend-Phases), Part Time Study
Structure:
8 Modules
Place:
2007: Rheingau, Berlin, Munich, Essen
1st Module
Principles of Business Administration
2nd Module
Principles of (Real Estate) Law
3rd Module
Real Estate Development and Urban Planning
4th Module
Construction Project Management
5th Module
Real Estate Appraisal and Investment Analysis
6th Module
Strategic Real Estate Management
7th Module
Commercial Real Estate
8th Module
Residential Real Estate
The successful graduates hold the degree Immobilienökonom (IREBS).
The program is accredited by The Royal Institution of Chartered Surveyors (RICS).
Page 5
Curricular Principles of Executive Real Estate Education
The executive programs are part time and designed to provide practical, efficient,
interdisciplinary and internationally-oriented training at university level.
• Practical - Practically-oriented course topics and the participation of industry experts as
lecturers.
• Interdisciplinary - Instruction in the fields of business administration, economics, law,
urban planning, architecture and engineering.
• Efficient - Use of small groups, intensive teaching, adult training methodology and regular
testing.
• International - Instruction by foreign experts and analysis of international problems.
• University level - Solid theoretical basis and instruction by university lecturers.
Page 6
Four Locations
Page 7
Oestrich-Winkel
Berlin
Munich
Essen
PGC Real Estate - Discipline of First Degree
Discipline of
Degree –- Oestrich-W
Oestrich-Winkel
Discipline
ofFirst
Education
inkel
100%
14 %
18 %
90%
8%
11%
14 %
22%
18 %
19 %
10 %
17%
11%
10 %
9%
80%
9%
14 %
0%
9%
4%
4%
11%
9%
12 %
8%
10 %
2%
4%
3%
7%
8%
9%
60%
8%
7%
70%
10 %
9%
3%
5%
20%
15%
16 %
16 %
42%
50%
43%
3 1%
36%
40%
43%
33%
3 5%
29%
2 7%
30%
4 1%
20%
32%
3 1%
2 5%
10%
24%
2 1%
20%
24th
25th
22%
22%
2 5%
5%
0%
22nd
Architecture
Page 8
23rd
Bus ines s Adm inis tration and Econom ics
26th
27th
Engineering
28th
29th
30th
Property
& Hous ing Econom ics
Economics
31s t
Law
Others
PGC Real Estate - Professional Experience in Real Estate
Professional Experience in Real Estate
Oestrich-W inkel
100%
11%
7%
7%
13 %
16 %
8%
22%
2%
4%
8%
11%
20%
18 %
20%
9%
70%
60%
2%
4%
14 %
90%
80%
5%
18 %
49%
24%
3 7%
39%
38%
40%
50%
60%
33%
33%
60%
40%
30%
49%
4 5%
20%
3 1%
3 5%
10%
22%
24%
39%
4 1%
44%
38%
0%
22nd
23rd
24th
25th
26th
27th
28th
29th
30th
31st
A verage
5 years
A verage
5 years
A verage
5 years
A verage
5 years
A verage
5 years
A verage
4 years
A verage
4 years
A verage
4 years
A verage
5 years
A verage
5 years
< 3 years
Page 9
3-7 years
8-12 years
> 12 years
Graduates of the PGC Real Estate
280
260
240
220
200
180
160
140
Number of Graduates
120
100
80
60
40
20
0
1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005
Sum: 2153 Graduates
Page 10
2 Structure of the Empirical Survey
Page 11
Empirical Survey
Histogram
70
60
• Feedback: 397 completed forms (= 29 %)
50
Frequency
• Questionaire sent to all graduates of the
PGC Real Estate who joined the alumni
organisation IMMOEBS
40
30
20
10
0
1989
Mean = 2000,48
Std. Dev. = 3,856
N = 361
1992
1995
1998
2001
Grade
Abschluss
Page 12
2004
2007
Industry Classification of Respondents
7%
12%
1%
18%
1%
32%
4%
25%
Bank
Construction Company
Service Provider
Investor
Non Property Company
Public Authority
Developer
Various
Î Respondents come from all sectors of the real estate industry.
Page 13
Professional Experience of Respondents
Im
mobilienberufserfahrung
Professional
Experience in
Real Estate
Berufserfahrung
Professional
Experience
70
60
60
50
50
Frequency
Frequency
40
30
20
40
30
20
10
10
Mean = 12,67
Std. Dev. = 6,313
N = 392
0
0
10
20
30
Berufserfahrung
40
50
Mean = 10,73
Std. Dev. = 5,319
N = 392
0
0
10
20
30
40
Immobilienberufserfahrung
Î Distinct peaks at 14 years of professional experience and 5 and 11 years of real estate experience.
Page 14
3 Role of Employers
Page 15
3 Role of Employers
Motivation
Who did initiate the Participation in the PGC Real Estate?
Î Employers do not initiate
PG education.
4,2
12,5
1,6
0,3
Î Employees use PG education to
increase their knowledge and their
„market value“.
81,4
Page 16
Participant
Employer
Both
Various
n.a.
3 Role of Employers
Financing of the Studies
Financing of
theStudiums
Studies
Finanzierung
des
50
• Participants in the Rhine-Main Area
tend to receive financial support by
their employee.
Percent
• Participants in other locations (Berlin,
Essen, Munich) tend to be self-pay
participants.
40
30
20
Î Time-series analysis: The younger the
intake, the more participants pay the
course or receive only partial financial
support.
10
39,5
40,3
18 ,8
1,3
0
Anteilig
by company and
employee
Page 17
von mir
by employee
vom Arbeitgeber
by company
Finanzierung des Studiums
k.A.
n. a.
4 Expections of the Participants
Page 18
4 Expections of the Participants
Special Attention
Expectation
on PGC
Real Estate
- Comprehensive
Erwartung
am KIÖ
- Um fassendes
Breitw
issen über alle
Immobiliengeschäfts
Interdisciplinary
70
60
Percent
50
40
30
6 0,3
20
35,1
10
4,3
0
0 3
unwichtig
not important
neutral
neutral
wichtig
important
sehr wichtig
very important
Erwartung am KIÖ - Umfassendes Breitwissen über alle
Î Participants predominantly emphasize a broad knowledge of real estate!
Page 19
4 Expectations of the Participants
Special Attention
Expectation
on -PGC
Real Estate Erwartung
am KIÖ
Wissensauffrischung
Expectation
on PGC
Real Estate
Erwartung
am KIÖ
- Networking
-
Networking
50
50
40
40
30
30
Percent
Percent
Knowledge Brush up
45
44,7
41
20
20
32,9
10
10
14,1
11,1
6,6
3,2
1,4
0
0
absolut
not important
unwichtig
at all
unwichtig
not
important
neutral
neutral
wichtig
important
sehrimportant
wichtig
very
Erwartung am KIÖ - Wissensauffrischung
unwichtig
neutral
wichtig
sehr wichtig
very
important
important
not important
neutral
Erwartung am KIÖ - Networking
Î Participants of the PGC Real Estate also want to refresh their knowledge and emphasize
networking.
Page 20
5 Experiences of the Graduates
Page 21
Overall Experience
Erfüllung
derCumulative
Gesamterwartungen
Fulfillment
of the
Expectations
80
Percent
60
40
77 ,5
20
14,1
7 ,2
0
1,3
unerfüllt
neutral
erfüllt
komplett
erfüllt
not
neutral
fulfilled
completely
fulfilled Erfüllung der Gesamterwartungen
fulfilled
Page 22
Special Attention
Fulfillment
of Expectations
on PGC
Real Estate
- alle
Erwartung
erfüllt am
KIÖ - Umfassendes
Breitwissen
über
Comprehensive Interdisciplinary
Real
Estate
Knowledge
70
60
Percent
50
40
64,5
30
20
28 ,5
10
5 ,9
0
1,1
unerfüllt
not
neutral
neutral
erfüllt
fulfilled
komplett erfüllt
completely
Erwartung
fulfillederfüllt am KIÖ - Umfassendes Breitwissen
fulfilledüber
alle Immobiliengeschäfts
Page 23
Special Attention
Fulfillment
Expectations
on PGC Real Estate Erwartungof
erfüllt
am KIÖ - Wissensauffrischung
Knowledge Brush up
60
50
Percent
40
30
54,5
20
28,9
10
15,5
0
1,1
unerfüllt
not
neutral
neutral
erfüllt
fulfilled
komplett
erfüllt
completely
Erwartung erfüllt am KIÖ - Wissensauffrischung
fulfilled
fulfilled
Page 24
Special Attention
Fulfillment of Expectations on PGC Real Estate Erwartung erfüllt
am KIÖ - Networking
Networking
60
50
Percent
40
30
50,1
20
24,7
20,3
10
4,1
0
0 ,8
notkomplett
fulfilled
unerfüllt
at all
unerfüllt
not
neutral
neutral
fulfilled
erfüllt
fulfilled
komplett
erfüllt
completely
Erwartung erfüllt am KIÖ - Networking
Page 25
fulfilled
Overall Experience
Importance
of des
the PGC
Real
Estate for airtschaftliche
Career in the Karriere
Real Estate Industry
Wichtigkeit
KIÖ für
immobilienw
50
Percent
40
30
47,2
20
3 0,7
10
19,4
2,7
0
völlig
unwichtig
not important
weniger
wichtig
neutral
wichtig
important
sehr important
wichtig
very
Wichtigkeit des KIÖ für immobilienwirtschaftliche Karriere
Î Around 80% off all participants regard the PGC Real Estate to be important, if not very important,
for a career in the real estate industry
Page 26
6 Trends in Post Graduate Education
Page 27
6 Trends in Post Graduate Education
Trends
Î Employers tend to refuse financing executive education
Î Students tend to be self-pay participants
Î Internationality is becoming more and more important
Î Life long learning and networking are essential
Î Interdisciplinary approaches are still favoured
Page 28
Questions & Answers
Page 29

The Profile of Executive Real Estate Education

Transcription

Similar documents

wvfi - IREBS Immobilienakademie

201511 Flyer English for Real Estate

June, 10! 10.6.! - european real estate society

real estate english

IMMOEBS Seminar MT+DAM end