Study in Spain, learn fully in English

Master in Real Estate Finance

Employability is not just an outcome; it is part of its design

Limited spots

Rolling Admissions Process

Tell us a bit about yourself.
Share your profile, and our Admissions team will provide a personalized assessment to help you find the master that best fits you.

Our Partners

Master in Real Estate Finance
(Madrid, Spain)

Designed for ambitious, analytical early-career professionals, this industry-driven program equips you with the financial expertise and strategic perspective demanded by today’s real estate and capital markets. Build a global outlook, master the language of capital, and position yourself for high-demand career paths in one of the world’s most dynamic investment ecosystems.

Duration:

1 year (60 ECTS)

Age range: 

21-27 years

Next intake:

September 2026

Tuition fee: 

32.000 €

Format:

In person

Language:

English

Location:

Location: Madrid - Washington D.C (Georgetown)

Scholarships:

Yes, more info

Advantere offers a total scholarship fund of over €1 million, providing financial support to a significant number of students each year. Scholarships are awarded based on merit and profile, and typically cover between 10% and 40% of the tuition fee.

Do you want to learn more about Financial Aid?

Why join Advantere's MREF Experience

Applied Learning & Real Investment Focus

Finance is learned by doing. From day one, you work on real investment cases and projects designed with industry professionals, applying financial modelling, valuation, and investment analysis to Real Estate assets and capital markets.

Employability by Design

The MREF is built to support a strong first career move. Through hands-on methodologies and applied finance training, you develop the skills and professional profile required to access high-demand roles in Real Estate finance, investment, and advisory.

Industry-Driven Curriculum

The program is designed in close dialogue with leading Real Estate and financial organizations. Its content reflects real market needs, current investment practices, and the skills employers actively seek in finance professionals today.

International Exposure & Global Perspective

You study fully in English in Madrid and take part in a residential experience at Georgetown University (Washington, D.C.), gaining exposure to global capital markets and building an international professional network from the start of your career.

Faculty with Market Experience

You learn from professors and practitioners who combine academic rigor with direct experience in Real Estate finance, investment banking, private equity, asset management, and advisory ensuring a practical and up-to-date learning experience.

Long-Term Career Network

As part of Advantere’s international community, you gain access to a strong network of peers, faculty, industry professionals, and alumni, supporting your professional development and long-term career growth in Real Estate finance.

Master’s FAQs:

What makes the Master in Real Estate Finance unique?
The MREF is the only Master in Real Estate Finance in Spain designed specifically for early-career professionals. It combines rigorous finance training with real estate specialization and is built with direct input from industry leaders to ensure strong employability.
The program is ideal for recent graduates or young professionals with backgrounds in finance, economics, business, engineering, or architecture who want to specialize early in a high-demand sector.
No. Prior real estate experience is not required. The program is designed to provide both the technical foundations and the sector-specific knowledge needed to enter the industry confidently.
What career opportunities do graduates have after the program?
Graduates typically work as Real Estate Investment Analysts, Capital Markets Analysts, Private Equity Analysts, Asset Management Analysts, Valuation & Advisory Analysts, or in real estate investment banking teams, in Spain and internationally.
Employability is built into the program design. Students work on real projects with companies, learn from industry practitioners, and follow a curriculum aligned with market needs, supported by a highly engaged Advisory Committee.

Real Challenges, Real Market Experience.

Throughout the Master in Real Estate Finance, students work on real investment challenges proposed by leading companies across the real estate and financial sectors. These collaborations take the form of applied projects, real-world investment cases, and direct interaction with industry professionals, ensuring that learning is closely connected to market practice and current investment dynamics. Our collaborating organizations include:

Study Plan

First Semester

Leadership, Ethics & Sustainability

3 ECTS

Artificial Intelligence & Tech Academy

3 ECTS

Financial Analysis and Decision Making in Real Estate

6 ECTS

Corporate Finance and Advanced valuation for Real Estate companies

6 ECTS

Real Estate Portfolio Management

6 ECTS

Dynamics of the Real Estate Sector

6 ECTS

Second Semester

Management Techniques for Optimizing the Value of Real Estate Assets

6 ECTS

Institutional investment in Real Estate and market cycles

6 ECTS

Mergers, acquisitions and special situations in Real Estate

6 ECTS

Real Estate Financing and Advanced Analysis

6 ECTS

Master's Thesis (Capstone Project)

6 ECTS

At Advantere, education is more than just academics

It’s an international, immersive, and personalized experience. We are a boutique School of Management where every student receives close guidance, real-world learning opportunities, and a strong sense of community.

Employability after 3 months of graduation

Projects completed for companies

Collaborating companies

Faculty

Rafael Hurtado

CIO and CSO | Allianz Investment Solutions 
Bloomberg | Advantere 

Ignacio Prieto

Digital Business Director | Singular Bank 
Portfolio Management | Advantere 

Javier López Bernardo

Portfolio Manager |BrightGate Capital 
Asset Management and Behavioral Finance | Advantere 

Borja Oyarzábal Alonso

CEO | Tresmares 
Private Equity and Impact Investing | Advantere 

Campus Arrupe

We are located in Madrid’s Chamartín district, within the new Campus Arrupe. This modern urban campus facility hosts up to 1,000 students from Comillas, Deusto, and Advantere, and offers an innovative environment with coworking spaces, advanced labs, collaborative learning areas, and rest zones.

This is where your career in Real Estate Finance takes shape.

A one-year, full-time Master in Real Estate Finance designed for early-career professionals who want to build strong financial expertise, understand how investment decisions shape real assets and markets, and develop the analytical and strategic capabilities required to succeed in real estate finance from day one.

Tell us a bit about yourself.

Share your profile, and our Admissions team will provide a personalized assessment to help you find the master that best fits you.