bauakademie biberach rechtsfÄhige stiftung partner der hochschule biberach 1 further education in...

BAUAKADEMIE BIBERACHRECHTSFÄHIGE STIFTUNG

PARTNER DER HOCHSCHULE BIBERACH

1

Further Education in Real Estate in Germany

at the Example of

MBA „International Real Estate Management“

Biberach – London – Zurich

presented by

Professor Dr. Hans Mayrzedt, MSc.

Course Director of Biberach MBA

ERES Seminar Vienna Dezember 4-5, 2009



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1. Market Conditions for Further Education in Real Estate in Germany

2. Presentation of Biberach MBA

3. Review of Different Approaches: Points for Discussion

4. Message: Challenges of Further Education in Real Estate

Contents of the Presentation




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1. Which Market?

2. Germany: Latecomer with Rapid Expansion

3. Choice between „Immobilienökonom“ and Master Courses

4. Supply Surplus

5. Alternative Approaches




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1. Which Market? narrowly defined

① Part-Time Courses supplied by Private Providers,financed from Fees

② Conditions for Application - business experience in contrast to „consecutive Master Course“, provided by government, financed from tax- with or without first academic degree

③ Generalist Approach – in contrast to Specialist Approach





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1. Market Conditions for Further Education in Real Estate in Germany2. Germany: Latecomer with Rapid Expansion• Germany as a „Latecomer“ compared to UK

starting during the 90‘s with „Immobilienökonom“ courses: private supplers with private certificate

• Rapid Expansion in Germany during the last two decades, supplemented by Master courses during the present decade: private suppliers in cooperation with universities

• Important Role of RICS Accreditation: Access to RICS Membership

• Introduction of government financed courses: government real estate cources only during the present decade: undergraduate and graduate („consecutive Master“)




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1. Market Conditions for Further Education in Real Estate in Germany3. Choice between „Immobilienökonom“ and Master Courses

• Most of the Participants of Further Education in Real Estate still finish with the Private Certificate „Immobilienökonom“

• A Rising Share of Participants finishes with a Master Degree

What is the Difference?• Higher Demand of Master Courses on Participants

- a first academic degree - more time to be spent

• Internationaly Recognized Master Degree• Without a first Academic Degree Employees miss this

OptionERES Seminar Vienna Dezember 4-5, 2009



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1. Market Conditions for Further Education in Real Estate in Germany4. Supply Surplus

• Some Providers supply Courses in several Real Estate Centres, accepting large numbers of participants

• Medium Term Perspective: Stronger Rise of Supply compared to Demand

• Short Term Perspective: Restructering of Enterprises and the Crisis diminished Demand for Further Education




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1. Market Conditions for Further Education in Real Estate in Germany5. Alternative Approaches

• Correspondence Courses vs. Vocal Teaching

• In-house Seminars - provided by External Suppliers - provided by Staff of the Enterprise

to be discussed in the third part of this presentation




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The first Master Course for Real Estate in Germany since April 2002 with 9 Intakes including 2010/2011

1. Initiative from Biberach – Why?2. Location Biberach3. Partnership Biberach – London – Zurich4. Target Groups5. Intentions6. Subject Qualification Aims7. Contents of the Course8. Structure of the Course9. USP10. In-house Seminars




10ERES Seminar Vienna Dezember 4-5, 2009

2. Presentation of Biberach MBA1. Initiative from Biberach – Why?

Four Excellent Pre-Conditions

① Biberach University of Applied Sciences specialized in construction since its foundation in 1964

② The first Business Administration Course for Construction in Germany since 1978, extended to real estate in 2000Degree: Dipl.-Betriebswirt (FH), now B.A. and M.A.

…





③ Bauakademie Biberach – Partner of the University for Further Education in Construction and Real Estate since 1983,postgraduate degree, awarded by the University in Business Management for Civil Engineers and Architects since 1989

④ London South Bank University – our Partner University since 1984, offering a Master Course on Real Estate since many years





Initiative from Biberach – Why?

Development of the MBA Course „International Real Estate Management“

by professors of two departments of Biberach aided by Hearings with German Enterprises of Real Estate

• Construction and Real Estate Management• Project Management

in cooperation with London South Bank University, Department of Property, Surveying & Construction

and a Swiss partner



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Stuttgart: 140 kmMünchen: 150 km Zürich: 190 km

Karlsruhe: 200 km Basel: 220 km Nürnberg: 240 km

Salzburg: 280 kmFrankfurt: 330 km Genf: 460 km

Entfernungen:

SalzburgBiberach

München

ZürichBasel

Stuttgart

Karlsruhe

Frankfurt

Nürnberg

F

CHA

Düsseldorf:550 Wien: 590 kmBerlin: 650 km

Hamburg: 730 km

2. Presentation of Biberach MBA2. Location

Biberach





2. Presentation of Biberach MBA2. Location Biberach Building: Administration and Lecturing




2. Presentation of Biberach MBA3. Partnership Biberach – London – Zurich

Bauakademie Biberach

London South Bank

University

Wüest & PartnerZurch - Geneva -

Frankfurt

Biberach University of Applied Sciences

public

private

international

international




2. Presentation of Biberach MBA4. Target Groups

High potentials among junior and experienced staff with a first academic degree

fromreal estate and construction:

developers, investors,architects, engineers, consultants, assetmanagers, propertymanagers

banks and insurance:

investment and finance in real estate

industry and services:

staff for construction and real estate

fromdifferent real estate centres in Germany and other European countries




2. Presentation of Biberach MBA5. Intentions by the course providers aiming at career promotion of course participants in real estate management by:

• providing „best practice“ by experienced specialists of business in combination with theoretical background

• promoting interdisciplinary analysis and cooperation

• focussing on important tools and working processes

• focussing on international aspects of real estate

• strengthening management abilities along the micro cycle of real estate; leadership and communication skills

• promoting networking




2. Presentation of Biberach MBA6. Subject Qualification Aims

Generalist Approach

• Specialists in some fields of real estate enlarge their knowledge in further fields of real estate

• Specialists in design and construction are being introduced to all important fields of real estate




2. Presentation of Biberach MBA7. Contents of the Course

• Direct Investment in Real Estate Management along the micro cycle of real estate

Real estate project development

Research, finance, marketing, law, taxes, controlling

Buying and selling real estate, valuation, asset management Outsourcing concept for construction and operation

Cross-border transactions; project development abroad – law, transparency, tax, finance

…





• Indirect Investment in Real Estate Portfolio management, Real Estate Funds and Reits, different investment products Global investment strategies

• Analysis of Relevant Markets for Real Estate Renting out and investment market, construction market, credit market, capital market Influences of business cycle, investment strategies and real estate cycles




2. Presentation of Biberach MBA8. Structure of the Course

• Duration 11 contact weeks during 13 months Home work: preparation for the course, home work during the 13 month period, Master Thesis Altogether it takes about 2 years to receive the MBA degree

• Teaching Methods Teaching in blocks with small groups Cooperation of academics and practitioners Lectures, workshops, case studies

…





• Teaching Languages English and German

• Teaching Locations 6 weeks Biberach, 4 weeks London, 1 week Zurich

• Accreditations RICS, FIBAA

• Fee




2. Presentation of Biberach MBA9. USP for the Course

Internationality

Recognized Master DegreeRICS and FIBAA Accreditation

Teaching in Blocks with small Groups,Supervised by Course Directorsonly one Intake every year

Participants not only from one, but from different Centres of Real Estate

contentslanguagespartnershiplocationslecturers & participants

…





Strong Involvement of Advisory Board of Eminent Personalities of Real Estate

Alumni Activities at the National and „Regional“ Level

Furthermore:





Topics depending on individual needs of enterprises

Some examples: - management methods - calculation - real estate project development - real estate portfolio management - real estate asset management - environmental law - building contracts in the context of town planning

Duration: 3 to 5 daysPreparation and Moderation by a Course Director

10. In-house Seminars




3. Review of Different Approaches: Points for Discussion

1. Weekend Lecturing vs. Teaching in Blocks

2. Enterprises as Sponsors of Courses

3. Correspondence Courses

4. In-house Seminars

5. Combination of Approaches




3. Review of Different Approaches: Points for Discussion1. Weekend Lecturing vs. Teaching in Blocks

• Really preferable for Enterprises? Convenience vs. Qualitiy• Advantages of Block Teaching

intensity of learning interdisciplinary cooperation between participants compatibility with family life

• Advantages of Teaching in Blocks with Small Groups under close Supervision stronger inclination for participants to raise questions and to contribute to exchange of views supervisors establishing the context with other parts – of the same module and with other modules of the course




3. Review of Different Approaches: Points for Discussion2. Enterprises as Sponsors of Courses:

welcome, but not without problems

• Limitation of employees of an enterprise to a course sponsored by it?

• Restrictions on choice between courses:either employees are not allowed to apply for other coursesor they may apply but have to accept that the enterprise will not cover the fee

• Why not enlarging the choice between courses?considering the wishes of the employee

his superior and the Head of HR




3. Review of Different Approaches: Points for Discussion3. Correspondence Courses

• Really preferable for enterprises and employees?

employees remaining on their work-places

• Disadvantages

missing the advantages of lectures and workshopssmaller pressure to finish the studies on time




3. Review of Different Approaches: Points for Discussion4. In-house Seminars

• Duration: much shorter than courses

• Lower Costs

• External Providers for certain Topics ordered by an Enterprise or• Internal Providers

either on certain topics or to explain the work of different departments of the enterprise




3. Review of Different Approaches: Points for Discussion5. Combination of Approaches

• Courses and In-house Seminars Enterprises cannot do without courses supplied by

professional providersIn-house Seminars can supplement such courses according to specific enterprise needs

• Internal and External Providers of In-house Seminars Depending on the aim and the topic of the In-house Seminar internal or external providers are more suitable





① Enterprises and Universities have constantly to reviewAppropriate Answers to Changing Needs of Real Estate Business

② Management and human resource department have to findIndividual Solutions for Optimizing the Mix of Different Approaches for Further Education

③ The quality of Courses has to follow Best International Standards; important role of RICS

…





④ Considering Expansion and Diversity of CoursesNeed for More Transparency on Their USP and for Open Competition

⑤ Over-Capacity of Courses such as in Germany since some years has to be Removed by Market Forces based on needs from all market partners, i.e. without any arbitrary interventions

⑥ Candidates for Further Education should be enabled to put Forward Their Needs in the decision making process of the enterprise on the choice between courses

bauakademie biberach rechtsfÄhige stiftung partner der hochschule biberach 1 further education in...

Documents

real estate centres

real estate contents

government real estate

immobilienkonom courses

providers supply courses

parttime courses

recognized master degree

rapid expansion germany