Undergraduate Emphasis: Real Estate Finance

Undergraduate Emphasis: Real Estate Finance

Dynamic growth in an ever-changing market
The Bachelor of Science in Business Administration Real Estate Finance Program provides specialized skill sets for students wishing to work in real estate finance and development, preparing them for the specific complexities of real estate finance, economics, and state-of-the-art computer modeling.

The School of Business offers curricula leading to a Bachelor of Science with a major in Business Administration and a specialty in real estate or real property development and management. The requirements for the Bachelor of Science degree fall into two parts: lower division (first and second years), and upper division (third and fourth years). In the first two years, all students share a common curriculum designed primarily to provide a sound general education in basic liberal arts subjects. In the last two years, the student devotes most of his study to the field of business administration and the specialty area.
For course descriptions, number of units, and prerequisite requirements, please consult our Undergraduate Senior Options Elective Course Guide.

DESCRIPTION

The Bachelor of Science in Business Administration with an emphasis in Real Estate Finance provides specialized skill sets for students wishing to work in real estate finance and development. The degree signals to potential employers that the graduate is ready to perform complex tasks involving real estate finance, economics and state-of-the-art computer modelling.

COURSE CATALOGUE DESCRIPTION
Requirements for Admission

The Program is available only to current Marshall and Leventhal undergraduates who have attained sophomore standing and have completed at least one semester in residence at USC.
Students who wish to pursue the Bachelor of Science in Business Administration Real Estate Finance Program as a second bachelor's degree must satisfy all university requirements for a second bachelor's and complete 32 units unique to the Real Estate Finance Program major.
Please note that students can only declare one Emphasis.
Requirements for Completion

To complete the program, students must satisfy all requirements for the Bachelor of Science degree in business administration and 16 upper division units in the Program.
Business Core Courses
- BUAD 280 Introduction to Financial Accounting Units: 3
- BUAD 281 Introduction to Managerial Accounting Units: 3
- BUAD 302 Communication Strategy in Business Units: 4
- BUAD 304 Organizational Behavior and Leadership Units: 4
- BUAD 306 Business Finance Units: 4
- BUAD 307 Marketing Fundamentals Units: 4
- BUAD 310g Applied Business Statistics Units: 4
- BUAD 311 Operations Management Units: 4
- BUAD 425 Data Analysis for Decision Making Units: 2
- BUAD 497 Strategic Management Units: 4
- ECON 351x Microeconomics for Business Units: 4
- ECON 352x Macroeconomics for Business Units: 4
- MATH 118gx Fundamental Principles of Calculus Units: 4 *
or
- MATH 125g Calculus I Units: 4 **
Note:
*Placement into MATH 118 is contingent on successful completion of MATH 117 or obtaining an acceptable score on the math placement exam. The MATH 118 requirement may be waived with an AP Calculus AB or BC score of 4 or higher or an IB math score of 5 or higher.
**A-level mathematics examination scores of A or B may receive subject credit for MATH 125. Eligible students should speak with their academic advisers for additional information.
Real Estate Finance Program Requirements

Required Course (4 units):FBE 391 Real Estate Finance and Investment Units: 4

Electives (12 units)
A minimum of 8 units must come from the Real Estate Finance Electives list. The sum of units from Real Estate Finance Electives and Non-Real Estate Electives must total at least 12.)
Real Estate Finance Electives: 8-12 units
- FBE 427 Real Estate Law Units: 4 ***
- FBE 465 Real Estate Analysis and Computer Modeling Units: 2 ***
- FBE 466 Management of Real Estate Development: Feasibility Studies Units: 4 ***
- FBE 470 Advanced Real Estate Analysis Units: 4 ***
- FBE 489 Real Estate Capital Markets Units: 4 ***
- FBE 491 Real Estate Finance Colloquium Units: 2 ***
Non-Real Estate Electives: 0-4 units
- BAEP 423 Management of Small Businesses Units: 4
- DSO 455 Project Management Units: 4
- FBE 421 Financial Analysis and Valuation Units: 4 ***
- FBE 423 Introduction to Venture Capital and Private Equity Units: 4 ***
- FBE 435 Applied Finance in Fixed Income Securities Units: 4 ***
- FBE 437 Entrepreneurial Finance: Financial Management for Developing Firms Units: 4 ***
- FBE 441 Investments Units: 4 ***
- FBE 459 Financial Derivatives Units: 4 ***
- MOR 469 Negotiation and Persuasion Units: 4
***Prerequisites required. Plan carefully.

APPLY TODAY

MINOR IN REAL ESTATE FINANCE

The minor in real estate finance is available to all majors except business and real estate development. It provides students with training in the areas of business, finance, real estate law, design, and urban economics. It provides an opportunity for students to gain thorough exposure to the topics of real estate investing, finance and development. Upon successful completion of this minor, students will have achieved a basic understanding of the interplay of the various disciplines involved in contemporary real estate ownership and investment and how they impact the areas of the student's specific interests and expertise.

Those completing this minor will master techniques in valuing income-producing properties, analyze financial instruments such as mortgages and loans, understand the roles of debt and equity, gain insights into the processes of design and construction, as well as understand the dynamics of how real estate markets affect the underlying values of real property assets, as well as the role real estate markets play in the overall economy.

To enroll, students must have completed a minimum of 32 units of college-level course work and attained a minimum overall GPA of at least 2.75. Successful completion of this minor requires 24-26 units including a minimum of 16 upper-division units in the minor and a cumulative GPA of 2.0 for the 24-26 units.

Required Courses (12-14 Units)

Accounting: 4 or 6 units

Choose one option from the following *: Units: 4-6
- ACCT 410x Foundations of Accounting Units: 4 or
- BUAD 280 Introduction to Financial Accounting Units: 3 and
- BUAD 281 Introduction to Managerial Accounting Units: 3
Business Finance: 4 units
- BUAD 215x Foundations of Business Finance Units: 4 *
Real Estate Finance: 4 units
- FBE 391 Real Estate Finance and Investment Units: 4 ** or
- FBE 400x Introduction to Real Estate Finance and Development Units: 4
Electives

12 Units with no more than 4 units of Non Real Estate electives
Real Estate Electives: 8 - 12 units
Choose 8 - 12 units from the following. (The number of units of Real Estate Electives plus Non-Real Estate Electives will total 12.)
- FBE 427 Real Estate Law Units: 4
- FBE 465 Real Estate Analysis and Computer Modeling Units: 2 **
- FBE 466 Management of Real Estate Development: Feasibility Studies Units: 4 **
- FBE 470 Advanced Real Estate Analysis Units: 4 **
- FBE 489 Real Estate Capital Markets Units: 4 **
- FBE 491 Real Estate Finance Colloquium Units: 2 **
Non-Real Estate Electives: 0 - 4 units
Choose 0 - 4 units from the following:
- BAEP 423 Management of Small Businesses Units: 4
- DSO 455 Project Management Units: 4
- FBE 421 Financial Analysis and Valuation Units: 4 **
- FBE 423 Introduction to Venture Capital and Private Equity Units: 4 **
- FBE 435 Applied Finance in Fixed Income Securities Units: 4 **
- FBE 437 Entrepreneurial Finance: Financial Management for Developing Firms Units: 4 **
- FBE 441 Investments Units: 4 **
- FBE 459 Financial Derivatives Units: 4 **
- MOR 469 Negotiation and Persuasion Units: 4
Notes:
*ACCT 410 or BUAD 280 and BUAD 281 must be taken before BUAD 215.

**Prerequisites required. Plan carefully.

ALL UNDERGRADUATE EMPHASES

Business Analytics

Data-driven decision making
Business Administration with an emphasis in Business Analytics teaches students analytical and hands-on skills to aid data-driven decision making, execution, and evaluation.

COURSE CATALOGUE Business Analytics
Communication

Communication skills to achieve professional goals
Business Administration with an emphasis in Communication provides students with the skills deemed most desirable by employers across all industries and fields to drive individual success as an employee, colleague, and workplace leader.

COURSE CATALOGUE Communication
Entrepreneurship + Innovation

Skills to adapt and solve in a dynamic world
Business Administration with an emphasis in Entrepreneurship and Innovation provides students the skills, tools, and mindset to create new products, new services, new ventures, and new worlds as they meet the needs of customers and help solve the thorny problems we face as an economy and a society.

COURSE CATALOGUE Entrepreneurship + Innovation
Finance

Develop skills for financial analysis, decision making, and value creation
Business Administration with an emphasis in Finance provides specialized skill sets for students wishing to work in the finance industry, preparing them for complex tasks involving finance, economics, and advanced computer modeling.

COURSE CATALOGUE Finance

ADDITIONAL DEGREES

Accounting

Innovation in accounting education and critical research
The USC Leventhal School of Accounting provides students with the skills they need to become not only qualified accountants, but also well-rounded professionals.
Computer Science + Business Administration

The cutting edge of opportunity
Offered in conjunction with the USC Viterbi School of Engineering, the Computer Science and Business Administration (CS / BA) program qualifies students to enter the highly competitive world of advanced computing in support of business growth, a cornerstone of tomorrow’s economy.
World Bachelor in Business

Business perspectives from three world-class universities
The only undergraduate program of its kind, the USC Marshall World Bachelor in Business connects leading-edge teaching methods with cultural immersion and real-world experiences in Los Angeles, Hong Kong, and Milan.

JOINT DEGREES

Cinematic Arts

Real-world skills for creative leaders
The John H. Mitchell Business of Cinematic Arts Program (BCA) is a 4-year joint degree conferred by USC's School of Cinematic Arts and the Marshall School of Business. This degree equips students to apply their skills to both business and entertainment professions and prepares them to become leaders in the entertainment industry.

Undergraduate Emphasis: Real Estate Finance