Our Partners
Financing the Future of Real Estate
In an uncertain job market shaped by AI, specialization makes the difference. The Master in Real Estate Finance is a unique, industry-driven program designed to help early-career professionals secure a strong first job where financial expertise truly matters. Employability is not an outcome of the program, it is part of its design.
Their direct involvement brings real market insight and strategic perspective into the program, reinforcing its relevance, credibility, and close alignment with the skills and profiles demanded by today’s Real Estate Finance industry.
MREF Advisory Board
Composed of some of the most influential leaders in the real estate and capital markets ecosystem.
Our board includes executives such as Ismael Clemente (CEO, Merlin Properties), Adolfo Ramírez-Escudero (Chairman & CEO, CBRE Spain & LatAm), Claudio Boada (Senior Advisor, Blackstone), Vanesa Gelado (CEO, Hines Spain), Borja García-Egoecheaga (CEO, Neinor Homes), Jorge Pérez de Leza (CEO, Metrovacesa), Jaime Riera (Head of Corporate Finance, JLL), Javier Echeverría (COO, Savills), Laura Hernando (Managing Director Hotels, Colliers), and Ignacio de la Torre (Chief Economist, Arcano).
Duration:
1 year (60 ECTS)
Format:
In person
Language:
English
Next Intake:
September 2026
Location:
Madrid & Washington D.C.
Why join Advantere's Finance Experience
Innovative Teaching Methods
Work on real projects with companies across the real estate and financial sectors, tackling real investment and asset management challenges. Develop the analytical mindset and decision-making skills employers expect from day one.
Skill Development
Develop strong financial, analytical, and strategic capabilities to evaluate assets, structure deals, and understand global real estate markets. Combine technical expertise with leadership and ethical decision-making to create long-term value in a sector shaped by capital markets.
International Exposure
Study in Madrid, one of Europe’s leading real estate hubs, and connect with Georgetown University in Washington, D.C. Collaborate with a highly international cohort of over 30 nationalities and gain first-hand exposure to global capital markets and investment perspectives.
Sustainability & Impact
Understand how finance, innovation, and sustainability intersect in real estate. Learn to integrate ESG and impact-driven thinking into investment strategies that deliver both financial performance and positive societal impact.
Mentorship & Career Guidance
Receive personalized mentoring from professors and industry practitioners with direct experience in consulting, investment, and asset management. Define your career goals, sharpen your profile, and connect with organizations actively hiring specialized talent.
Internship Opportunities
Access extracurricular internships and applied projects with leading international firms. Apply your skills in real investment environments and position yourself for a strong first role in one of the world’s fastest-evolving and most opportunity-rich sectors: Real Estate Finance.
For students, by students
This master has not only equipped me with specific financial knowledge but has enabled me to broaden my horizons and gain much more confidence in myself.
MIF Graduate,
Spain
My master’s at Advantere was key to securing a role in Luxembourg’s financial sector. The curriculum and practical skills set me apart in the job market, allowing me to contribute meaningfully to my company.
MIF Graduate,
Republic of Korea
The PBL Methodology is very intentional; it puts you in real-time situations, helping us understand how it feels to work in an organization. So it gives you hands-on training, helps you understand the market, and the office environment, and assists you in deciding your future much better.
MIF Graduate,
Uganda
Our Campus
Your Learning Space in Madrid
We are located in Madrid’s Chamartín district, within the new Campus Arrupe. This modern urban campus hosts up to 1,000 students from Comillas, Deusto, and Advantere, offering an innovative environment with coworking spaces, advanced labs, collaborative learning areas, and rest zones.
The campus is easily accessible by metro, train, or bus, and includes facilities designed to ensure full accessibility, such as easily accessible main entrance, accessible restrooms on each floor, and special elevator access to the cafeteria.
Your Next Opportunity to Connect
Great things are on the way. Our next online events will be announced shortly. Don’t miss them!
16 Dic
• In-person
4:00 PM CEST
Masterclass – Artificial Intelligence in HR: Opportunities and Challenges
17 Dic
• In-person
4:00 PM CEST
Masterclass – What to Expect in 2026: Economy and Financial Markets
Master’s FAQs:
Are internships included in the program?
The program only includes extracurricular internships.
Does this master’s degree give access to a PhD program?
Innovative Learning
Project-Based Learning
Capstone Project
Tech Academy
International Experience
Explore our global experience
Georgetown University
Zurich
Through our strategic partnership with Georgetown University, all students participate in an immersive residency in Washington, D.C. This experience focuses on sustainability, social impact, and ethical leadership, equipping future professionals with a conscious approach to business. Get more information.
What to expect:
- Engaging masterclasses with industry leaders.
- Visits to major global institutions like the IMF and World Bank.
- The chance to pitch your impact project to a panel of experts.
What you’ll get:
- Official Certificate from Georgetown University
- +10 Top Experts
- +20 Masterclasses
What to expect:
- Learn from experts shaping the future of finance.
- Get firsthand exposure to one of the most advanced financial ecosystems.
- Discover how innovation is transforming the industry.
Get all the details about the Advantere Master in Real Estate Finance
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
Faculty
Jaime Castelló
Associate Dean
Director of the Master's in Real Estate Finance
Be an impactful player in the business world.
41% OF ALL CREDITS ARE TAUGHT BY INTERNATIONAL FACULTY
76% PRACTITIONERS
56% PHD PROFESSORS
8 DIFFERENT NATIONALITIES
Associate Professor (PhD)
Ángela Sánchez González
Asset Management and Behavioral Finance
Associate Professor (Bachelor’s Degree)
Antonio Del Campo De los Santos
Global Finance Markets and its Regulation
Associate Professor (Bachelor’s Degree)
Borja Oyarzabal Alonso
Private Equity and Impact Investing
Associate Professor (PhD)
Consuelo Benito Olalla
Ethics, Sustainability and Society
Associate Professor (PhD)
David Tercero Lucas
Tecnología de Blockchain / Blockchain Technology
Associate Professor (PhD)
Elvira Bobillo Carballo
Monetary Policy and Economic Analysis / Global Finance Markets and its Regulation
Associate Professor (Bachelor’s Degree)
Francisco Gómez Casanova
Big Data & Artificial Intelligence in Finance / Quantitative Methods in Finance
Associate Professor (PhD)
Gabriel Rodríguez Garnica
Blockchain Technology
Full Time Professor
Gonzalo Gómez-Bengoechea
Economics / Monetary Policy and Economic Analysis
Associate Professor (Bachelor’s Degree)
Guillermo Corredor Vegas
Maths, statistics and business analytics / Quantitative Methods in Finance / Fixed Income Derivative
Associate Professor (PhD)
Ignacio Prieto Funes
Portfolio Management
Associate Professor (PhD)
Inge Birkbak Larsen
Entrepreneurship
Associate Professor (Bachelor’s Degree)
Jaime Fernández Cerezo
Fintech and Banking Disintermediation / Digital Banking
Associate Professor (PhD)
Javier López Bernardo
Asset Management and Behavioral Finance
Associate Professor (PhD)
Jorge Aracil Jordá
Project Finance
Associate Professor (PhD)
Jorge Martín Hidalgo
Global Finance Markets and its Regulation / Assets / Master´s Thesis
Associate Professor (Bachelor’s Degree)
Juan Ayora Aleixandre
Monetary Policy II and Banking
Associate Professor (Bachelor’s Degree)
Luba Schoenig
Derivatives
Associate Professor (Bachelor’s Degree)
Luis Manuel García Muñoz
Quantitative Risk Management / Quantitative Methods in Finance
Associate Professor (PhD)
María Folqué González-Valerio
Ethics, Sustainability and Society
Associate Professor (PhD)
María Luisa Garayalde Niño
Financial Statements Analysis and Corporate Finance
Associate Professor (PhD)
María Luisa Mazo Fajardo
Financial Institutions Management
Associate Professor (Bachelor’s Degree)
Marta Echarri Pérez
Fintech and Banking Disintermediation
Associate Professor (PhD)
Rafael Castellote Azorín
Accounting Introduction / Financial Accounting / Financial Statements Analysis
Assistant professor – PhD Level 1
Ramón Bermejo Climent
Financial Accounting, Bloomberg and Eikon
Associate Professor (PhD)
Ricardo Martins Gomez Pereira
Hedge Funds & Real Assets
Associate Professor (Bachelor’s Degree)
Robert Antonides Campos
Business management fundamentals
Associate Professor (Bachelor’s Degree)
Santiago Daniel O´Davoren
Banking & Fintech / Asset Management & Alternative Investments / Quantitative Methods & Data Science
The different faculty categories reflected are established by the regulations of Universidad Pontificia Comillas
Our Master in Real Estate Finance brings together ambitious early-career professionals from diverse academic backgrounds, including business, economics, engineering, architecture, law, and social sciences, who share a global mindset and a clear ambition to build a strong career in finance within the real estate sector.
Real Estate Finance Student Profile:
We seek analytical, driven individuals who want to specialize early and make informed investment decisions in real asset markets. Curious about how finance shapes cities, infrastructure, and societies, MREF students combine quantitative rigor, strategic thinking, and international perspective to access high-demand career paths in Real Estate Finance, where financial expertise translates into real-world impact.
This master has not only equipped me with specific financial knowledge but has enabled me to broaden my horizons and gain much more confidence in myself.
MIF Graduate,
Spain
This master has not only equipped me with specific financial knowledge but has enabled me to broaden my horizons and gain much more confidence in myself.
MIF Graduate,
Spain
The PBL Methodology is very intentional; it puts you in real-time situations, helping us understand how it feels to work in an organization. So it gives you hands-on training, helps you understand the market, and the office environment, and assists you in deciding your future much better.
MIF Graduate,
Uganda
Your gateway to high-demand recruitment circuits in Real Estate Finance.
Ready for What’s Next
Step into Real Estate Finance, where rigorous financial expertise meets one of the world’s most dynamic investment ecosystems. Designed to respond to the growing demand for hybrid profiles, combining advanced finance skills with deep sector knowledge, this program prepares you to build a strong, future-proof career in real assets. Through a hands-on learning experience connecting Madrid and Georgetown, you’ll strengthen your analytical mindset, gain international exposure, and develop the capabilities required to make real investment decisions. Career outcomes include roles in real estate capital markets and advisory, investment banking real estate teams, private equity and private credit funds, REITs, and strategic consulting firms.
We are dedicated to ensuring that you are not just academically prepared but also fully equipped to excel in your career.
Careers Center
Your Student Journey is a comprehensive process designed to guide you, from self-discovery to landing a job aligned with your purpose.We also offer specialized support to help non-EU students transition smoothly to life in Madrid.
+1000
20
18
An extended team of over 20 professionals, experts in various sectors, countries, and disciplines
Mentoring Program
We kick off the process by working closely with each student to articulate their career objectives.
Our team diligently seeks out high-profile mentors whose expertise aligns seamlessly with the students’ goals.
Mentor and mentee engage in monthly sessions that provide invaluable insights to steer the student’s career and open doors to networking opportunities.
Collaborating Organizations
Our partner organizations
Be part of the transformation of
management education by bringing
real, demanding projects to our
students—and helping them solve new
and unexpected challenges.
Master’s FAQs:
Main Job Positions
Graduates access high-demand roles across capital markets, investment banking, asset management, private equity, and consulting within the real estate ecosystem. Real Estate Investment Analyst, Real Estate Capital Markets Analyst, Investment Banking Analyst – Real Estate, Real Estate Private Equity Analyst, Asset Management Analyst (Real Assets), Acquisitions Analyst, Valuation & Advisory Analyst, Development Finance Analyst, Strategy & Consulting Analyst – Real Estate, ESG & Sustainable Investment Analyst (Real Assets).
Top Employers
Accenture
Deloitte
NTT DATA
PwC
Working Abroad
In a nutshell
Duration:
1 year (60 ECTS)
Format:
In person
Language:
English
Location:
Madrid – Washington D.C.
Next intake:
September 2026
Certification:
Official Master's Degree *Pending official verification
Tuition fee:
32.000 €
Working experience:
Recent graduates with 0-4 years of work experience
MREF Admissions Process
Rolling Admissions: applications are open until all seats are filled. We recommend applying early.
We believe that ambition and potential should never be limited by financial constraints. At Advantere, we offer scholarships and funding opportunities to attract diverse, driven, and purpose-oriented talent—empowering future real estate finance professionals to grow, lead, and create meaningful impact in a global industry that shapes the cities and communities of tomorrow.
We can support you
Financial Aid
We offer a variety of scholarships and funding opportunities to attract and support diverse talent, empowering students to contribute to the Advantere community and beyond.
Admissions helps yout with Visa, Health Insurance, Housing
Our Admissions team provides personalized support to help you settle in seamlessly.
Master’s FAQs:
Admission Requirements and Application-Process
Note for applicants with disabilities
Personalized support is available through the “Comillas Contigo” office, which manages a dedicated support program led by a social worker.
Financial Information
Master’s Degree in Real Estate Finance
Tuition fee: € 32,000
Commitment fee: € 3,000
Three installments: € 9,667 (due on: July, October, and February)
*Final tuition fees will be adjusted based on the scholarship awarded.
Available Scholarships and Payment Plans