December 19, 2012

Vienna University of Technology successful in gaining RICS reaccreditation

The postgraduate MSc program in Real Estate Management and Valuation has obtained further accreditation until 2017

After successfully passing the evaluation process, the postgraduate MSc program in Real Estate Management and Valuation offered by the Continuing Education Center of the Vienna University of Technology has once again obtained accreditation from the Royal Institution of Chartered Surveyors (RICS), this time for the period up until 2017. Associate Professor Dr. Bob Martens, FRICS, who is both Dean of Academic Affairs for Continuing Education at the Vienna University of Technology and the Academic Director of this MSc program, is extremely pleased that accreditation of this course is now set to continue into the 20th year of its existence: “The reaccreditation of the MSc in Real Estate Management and Valuation for another five years is a particular distinction and is confirmation we are continuing to go in the right direction. The combination of real practical relevance and a sound theoretical base is what makes the standard of the course so high, and it is this that is borne out by the recent award of the quality seal of this renowned institution.”

The RICS is a professional association of real estate specialists active throughout the world; it has more than 100,000 members in over 100 countries. Part of its avowed mission is to ensure high standards in education. In Austria there are only three institutions which are permitted to display this famous seal of quality for the real estate sector, and, in fact, only around 30 throughout the whole of continental Europe.

For participants of a postgraduate program which has been awarded RICS accreditation, there is a shortened pathway to becoming a Member of the Royal Institution of Chartered Surveyors (MRICS). Already during the course of their postgraduate studies they can register for what is known as the Assessment of Professional Competence (APC) and therefore complete the requisite two-year practical training at the same time as their studies. This means they can take the final examination of the APC award process immediately on graduation.
This is how Dr. Alexander Wanke, MSc, MRICS (Member of the Board of RICS Austria and himself a graduate of the MSc in Real Estate Management and Evaluation) describes the advantages of RICS membership: “I found out about the RICS at the start of the TU course, and since then I’ve never looked back. It’s a door into another, international world of real estate which operates on a high level. RICS is a guarantee of high quality and personal reliability. Through the RICS, those who were formerly my colleagues became my friends. And the RICS stands for lifelong learning – so in some ways a never-ending Master’s course.”

The Vienna University of Technology started offering the MSc program in Real Estate Management and Valuation as long ago as 1997. It admits those who already hold an undergraduate degree or are in possession of an equivalent qualification. Program participants gain an extensive understanding of the fields of real estate financing, real estate project development and real estate valuation. Successful graduates are awarded the degree of Master of Science – Real Estate Investment and Valuation (MSc) by the Vienna University of Technology.

Registration is still open for the next MSc Program in Real Estate Investment and Valuation, which is due to start on February 15, 2013. The closing date for applications is January 18, 2013. You can find out more at



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