elaine worzala clemson university charles tu lauren lukens university of san diego
DESCRIPTION
Essential Elements for a Highly Successful Graduate Real Estate Program: The Stakeholders Have Spoken. Elaine Worzala Clemson University Charles Tu Lauren Lukens University of San Diego Margot Weinstein MW Leadership Consultants LLC The Annual Meeting of the European Real Estate Society - PowerPoint PPT PresentationTRANSCRIPT
Essential Elements for a Highly Essential Elements for a Highly Successful Graduate Real Estate Successful Graduate Real Estate
Program: Program: The Stakeholders Have SpokenThe Stakeholders Have Spoken
Elaine WorzalaElaine WorzalaClemson UniversityClemson University
Charles TuCharles TuLauren LukensLauren Lukens
University of San DiegoUniversity of San Diego
Margot WeinsteinMargot WeinsteinMW Leadership Consultants LLCMW Leadership Consultants LLC
The Annual Meeting of the European Real Estate The Annual Meeting of the European Real Estate SocietySociety
Stockholm, SwedenStockholm, Sweden
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Motivation of StudyMotivation of Study
Academic and industry divide Academic and industry divide typically tries to bridge through typically tries to bridge through researchresearch
Best practices as far as bringing the Best practices as far as bringing the industry to the studentsindustry to the students
Improve graduate RE educationImprove graduate RE education Authors build on extensive former Authors build on extensive former
research in fieldresearch in field
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Research QuestionResearch Question
What elements make up a What elements make up a top graduate real estate top graduate real estate program that enhances program that enhances
practice?practice?
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Research MethodologyResearch Methodology Survey created on Survey created on www.surveymonkey.com Program directors/department chairs Program directors/department chairs
invited to participate in online surveyinvited to participate in online survey Link to online survey forwarded to Link to online survey forwarded to
stakeholders:stakeholders: Faculty and administratorsFaculty and administrators Current StudentsCurrent Students AlumniAlumni Board membersBoard members
Likert Scale 1 to 5, 5=Very ImportantLikert Scale 1 to 5, 5=Very Important 970 responses collected970 responses collected
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Participating SchoolsParticipating SchoolsArizona State Arizona State UniversityUniversity
Roosevelt UniversityRoosevelt University
Clemson UniversityClemson University Texas A&M UniversityTexas A&M UniversityCleveland State Cleveland State UniversityUniversity
University of CA - University of CA - IrvineIrvine
Cornell UniversityCornell University University of CA – LAUniversity of CA – LAFlorida International Florida International Univ.Univ.
University of NC University of NC CharlotteCharlotte
Georgia State Georgia State UniversityUniversity
Univ. of British Univ. of British ColumbiaColumbia
Harvard UniversityHarvard University University of University of CincinnatiCincinnati
Indiana UniversityIndiana University University of DenverUniversity of DenverJohn Marshall Law John Marshall Law SchoolSchool
University of Illinois-University of Illinois-ChicagoChicago
Johns Hopkins Johns Hopkins UniversityUniversity
University of University of MarylandMaryland
MITMIT University of University of Northern TexasNorthern Texas
Northwestern Northwestern UniversityUniversity
University of San University of San DiegoDiego
New York UniversityNew York University University of University of WisconsinWisconsin
Ohio State UniversityOhio State University Univ. of Texas-San Univ. of Texas-San AntonioAntonio
DePaul UniversityDePaul University
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Type of ProgramType of Program(n=970)(n=970)
MBA 16.2%
Masters in Business School, 63.8%
Masters outside of Business School,
20.0%
7
Type of RespondentType of Respondent(n=970)(n=970)
Faculty & Administrators,
13%
Students 48%
Alumni, 35%Board Members, 4%
8
Question 1 in the AppendixQuestion 1 in the AppendixAverage Rating of the Alternative Average Rating of the Alternative
Courses Courses (Likert scale 5= very important (Likert scale 5= very important
4.804.51 4.51 4.42 4.38 4.36 4.29 4.24 4.18
3.883.74 3.63 3.54 3.54 3.44 3.44 3.40
3.18 3.16 3.05 3.05
-
1.00
2.00
3.00
4.00
5.00
b e k h j a d f t i l o n p q c s u g r m
9
Average Rating of the Alternative Average Rating of the Alternative CoursesCourses
by Type of Program by Type of Program (Likert scale 5= very important) (Likert scale 5= very important)
0.00
1.00
2.00
3.00
4.00
5.00
a b c d e f g h i j k l m n o p q r s t u
MBA MS in Business School MS outside of Business School
10
Average Rating of the Alternative Average Rating of the Alternative CoursesCourses
by Type of Respondent by Type of Respondent(Likert scale 5= very important)(Likert scale 5= very important)
-
1.00
2.00
3.00
4.00
5.00
a b c d e f g h i j k l m n o p q r s t u
Faculty/Administrators Students Alumni Board Members
11
Question 2 in the AppendixQuestion 2 in the AppendixAverage Rating for Course Delivery Average Rating for Course Delivery
OptionsOptions(Likert scale 5= very important) (Likert scale 5= very important)
3.77 3.67 3.58 3.54
2.66
2.24
-
1.00
2.00
3.00
4.00
5.00
a e f d b c
12
Average Rating for Course Delivery Average Rating for Course Delivery OptionsOptions
by Type of Program by Type of Program (Likert scale 5= very important)(Likert scale 5= very important)
0.00
1.00
2.00
3.00
4.00
5.00
a b c d e f
MBA MS in Business School MS outside of Business School
13
Average Rating for Course Delivery Average Rating for Course Delivery OptionsOptions
by Type of Respondentby Type of Respondent (Likert scale 5= very important) (Likert scale 5= very important)
0.00
1.00
2.00
3.00
4.00
5.00
a b c d e f
Faculty/Administrators Students Alumni Board Members
14
Question 3 in the Appendix Question 3 in the Appendix Average Rating for Technical Training Average Rating for Technical Training
Alternatives Alternatives (Likert scale 5= very important) (Likert scale 5= very important)
4.76
4.25
3.51 3.38 3.25
-
1.00
2.00
3.00
4.00
5.00
c a b d e
15
Average Rating for Technical Training Average Rating for Technical Training AlternativesAlternatives
by Type of Program by Type of Program (Likert scale 5= very important)(Likert scale 5= very important)
0.00
1.00
2.00
3.00
4.00
5.00
a b c d e
MBA MS in Business School MS outside of Business School
16
Average Rating for Technical Training Average Rating for Technical Training AlternativesAlternatives
by Type of Respondentby Type of Respondent (Likert scale 5= very important) (Likert scale 5= very important)
-
1.00
2.00
3.00
4.00
5.00
a b c d e
Faculty/Administrators Students Alumni Board Members
17
Question 4 in the AppendixQuestion 4 in the AppendixAverage Rating of Extracurricular Average Rating of Extracurricular
ActivitiesActivities (Likert scale 5= very important) (Likert scale 5= very important)
4.37 4.36 4.31
3.98
3.493.26
2.78
-
1.00
2.00
3.00
4.00
5.00
g e d f c a b
18
Average Rating of Extracurricular Average Rating of Extracurricular ActivitiesActivities
by Type of Programby Type of Program (Likert scale 5= very important) (Likert scale 5= very important)
0.00
1.00
2.00
3.00
4.00
5.00
a b c d e f g
MBA MS in Business School MS outside of Business School
19
Average Rating of Extracurricular Average Rating of Extracurricular ActivitiesActivities
by Type of Respondentby Type of Respondent (Likert scale 5= very important)(Likert scale 5= very important)
-
1.00
2.00
3.00
4.00
5.00
a b c d e f g
Faculty/Administrators Students Alumni Board Members
20
Question 5 in the AppendixQuestion 5 in the AppendixAverage Rating of Student Services Average Rating of Student Services
AlternativesAlternativesfor all Respondentsfor all Respondents
(Likert scale 5= very important) (Likert scale 5= very important)4.46
4.23 4.17 4.04
3.52 3.51 3.46
-
1.00
2.00
3.00
4.00
5.00
a d e f g c b
21
Average Rating of Student Services Average Rating of Student Services AlternativesAlternatives
by Type of Programby Type of Program (Likert scale 5= very important) (Likert scale 5= very important)
0.00
1.00
2.00
3.00
4.00
5.00
a b c d e f g
MBA MS in Business School MS outside of Business School
22
Average Rating of Student Services Average Rating of Student Services AlternativesAlternatives
by Type of Respondentby Type of Respondent (Likert scale 5= very important) (Likert scale 5= very important)
-
1.00
2.00
3.00
4.00
5.00
a b c d e f g
Faculty/Administrators Students Alumni Board Members
23
Question 6 in the AppendixQuestion 6 in the AppendixAverage Rating of Faculty Average Rating of Faculty Qualifications/ExperienceQualifications/Experience
(Likert scale 5= very important) (Likert scale 5= very important)
4.81
4.29
3.18 3.16 3.14 3.00 2.962.71
-
1.00
2.00
3.00
4.00
5.00
c h g f d b a e
24
Average Rating of Faculty Average Rating of Faculty Qualifications/ExperienceQualifications/Experience
by Type of Programby Type of Program (Likert scale 5= very important) (Likert scale 5= very important)
0.00
1.00
2.00
3.00
4.00
5.00
a b c d e f g h
MBA MS in Business School MS outside of Business School
25
Average Rating of Faculty Average Rating of Faculty Qualifications/ExperienceQualifications/Experience
by Type of Respondentby Type of Respondent (Likert scale 5= very important) (Likert scale 5= very important)
-
1.00
2.00
3.00
4.00
5.00
a b c d e f g h
Faculty/Administrators Students Alumni Board Members
26
Question 7 in the AppendixQuestion 7 in the AppendixAverage Rating of Skills and Average Rating of Skills and
CompetenciesCompetencies(Likert scale 5= very important) (Likert scale 5= very important)
4.76 4.71 4.71 4.61 4.61 4.47 4.43 4.35 4.27 4.26 4.20
-
1.00
2.00
3.00
4.00
5.00
b f a e c k j d h g i
27
Average Rating of Skills and Average Rating of Skills and CompetenciesCompetencies
by Type of Programby Type of Program (Likert scale 5= very important) (Likert scale 5= very important)
0.00
1.00
2.00
3.00
4.00
5.00
a b c d e f g h i j k
MBA MS in Business School MS outside of Business School
28
Average Rating of Skills and Average Rating of Skills and CompetenciesCompetencies
by Type of Respondentby Type of Respondent (Likert scale 5= very important) (Likert scale 5= very important)
-
1.00
2.00
3.00
4.00
5.00
a b c d e f g h i j k
Faculty/Administrators Students Alumni Board Members
29
Question 8 in AppendixQuestion 8 in AppendixAverage Rating of Indicators for a Average Rating of Indicators for a
Successful ProgramSuccessful Program (Likert scale 5= very important) (Likert scale 5= very important)
4.61 4.46 4.42 4.31 4.22 4.19
3.81
3.30
-
1.00
2.00
3.00
4.00
5.00
e a h g f b c d
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Average Rating of Indicators for a Average Rating of Indicators for a Successful ProgramSuccessful Programby Type of Programby Type of Program
(Likert scale 5= very important) (Likert scale 5= very important)
0.00
1.00
2.00
3.00
4.00
5.00
a b c d e f g h
MBA MS in Business School MS outside of Business School
31
Average Rating of Indicators for a Average Rating of Indicators for a Successful ProgramSuccessful Program
by Type of Respondentby Type of Respondent (Likert scale 5= very important) (Likert scale 5= very important)
-
1.00
2.00
3.00
4.00
5.00
a b c d e f g h
Faculty/Administrators Students Alumni Board Members
32
Opportunities to Expand Educational Research
• ERES Educational Conference• Vienna, Austria, Dec 4, 2009
• http://www.eres.org/
• ARES Educational Track• Naples, FL, April 14-17, 2009
• www.aresnet.org
• Real Estate Directors and Chair holders Association (RECDA)