On behalf of the faculty, staff, and students we want to welcome you to the University of Maryland School of Architecture, Planning and Preservation. We are happy that you will be joining us and hope that your experience is productive, rewarding, and enjoyable. We have assembled some information to aid you in your transition into our classroom/studio environment.
These documents address many of the frequently asked questions posed by students. Should you find that there are items that are not addressed, please let us know so that we can help you get the answer to your question as well as include that information in future iterations of this document. Feel free to contact us to discuss your concerns.
The MRED degree prepares students for a multiplicity of careers in real estate from financial analyst, to owners rep on construction sites, to commercial brokerage, to development associate, to careers in planning, both government and private, historic preservation, design, for those wishing to bring to the table an understanding and appreciation for commercial development to those areas, whether in the public or private arena.
Career Services is too narrow a title to actually capture the career opportunities and perspectives that a student obtains while in the Real Estate Development (RDEV) program. All courses are taught by industry professionals with guest lecture contacts and site visits enlarging the number of real estate professionals a student meets and engages with during their time in the program. One of the key attractions for many prospective students who choose to study at Maryland is that the connections to the industry are extensive, and the circle widens every year, with the addition of over 200 alumni around the country and the world.
Career advising, thus, happens at the student's initiative, and often means engaging directly with faculty, faculty referrals and guest lectures.
There is also an annual jobs fair conducted at the school and several real estate companies participate in that.
Finally, students may always request an informal assessment of their resume in preparation for any internship or job posted by the MRED listserv from Program Director Margaret McFarland (firstname.lastname@example.org).
Trade Association Scholarships
There are a multitude of scholarship opportunities for students, although often for those already enrolled in a graduate program. It does pay to check their web sites for scholarship application deadlines and criteria, however, frequently. Some associations send out announcements to the Program, and those announcements are sent out to all enrolled students when received. You can check the International Council of Shopping Centers, Commercial Real Estate Women, Association of African American Real Estate Professionals, the Urban Land Institute, and the National Association of Home Builders, or many other associations that focus on construction, property management, investment trusts, senior housing, affordable housing and so on. Many of the web sites are listed at the Colvin Institute’s web site.
The Program has limited funds for partial scholarships for some incoming students. Typically these scholarships cover 10 – 30% of the MRED tuition and are paid directly to a student’s account upon completion of a course with a B or better grade.
Federal Financial Aid
Students who are enrolled in the Master’s or Certificate program in real estate development qualify for financial aid through the University’s financial aid offices. This financial aid is nearly invariably in the form of loans.
Colvin Institute Part Time Work
The Colvin Institute employees (on an hourly basis), several students each term who assist with classroom set up, event planning and production, graphics for marketing materials, the program and Colvin web sites, the monthly newsletter, and other administrative duties. More exciting part of this work, is representing the Institute at various local and national real estate trade shows and conferences. Applicants must commit to a minimum of 2 years and preferably put in 15–20 hours a week.