The Indian real estate and construction industry are playing a vital role in the nation’s progress towards accomplishing the status of a ‘developed nation’. These sectors have the potential to shape an excellent career for young aspirants while also changing the face of the country. One can generate high wealth for themselves while having the satisfaction of doing something for the nation. Quite an ideal combination, isn’t it?
In regard to the present scenario, the real estate and construction sectors in the country are in dire need of management professionals. These sectors are expected to generate ample career opportunities in the near future, thus making the demand for a specialized MBA in this sector exponentially high. Owing to the country’s vision to create better urban and rural infrastructure, and the development of 100 smart cities, the employment growth and job potential will lead to extreme levels. The finance minister of India, in one of his speeches, claimed that India would be focusing on creating millions of jobs in this sector to boost economic growth – thus, paving the way for skilled professionals.
A career in these sectors will not only offer the opportunity to meet a wide range of people, but it will also allow one to work closely with the leading professionals of the industry having various skills and different backgrounds. Both these sectors provide fast-paced and exciting environments to work, where no two projects are the same. There is enormous scope for development, promotion, and career progression, and hard work is often fully recognised and rewarded. Internationally recognised skills and qualifications in these sectors will also provide opportunities to travel and work abroad.
For these reasons and more, management courses in real estate and construction sectors will prove to be vastly beneficial.
The Landscape of Indian Education Institutes in Built Environment
In India, there are various prominent institutions who provide educational courses in the built environment sector like National Institute of Construction Management and Research (NICMAR), Pune, RICS School of Built Environment (RICS SBE), Amity University, Noida & Mumbai, School of Planning and Architecture (SPA), Delhi, CEPT University, Ahmedabad, The Indian School Of Business (ISB), Hyderabad, Indian Institute of Technology (IIT-D), Delhi, Indian Institute of Technology (IIT-M), Madras, National Institute of Technology (NIT-S), Surathkal, Adani Institute of Infrastructure (AII), Ahmedabad, National Institute of Management & Technology (NIMT), Lovely Professional University, Infini Institute of Program Management (Recognized Center of EAL, UK), Pune, Motion Institute of Management Studies (MIMS), Bangalore, Global Institute of Construction Management and Research (GICMAR), New Delhi, Institute of Infrastructure Studies and Construction Management (IISCM), Pune, and Indira Gandhi National Open University (IGNOU), New Delhi.
How to choose between RICS SBE vs NICMAR?
Out of all the above institutes, RICS School of Built Environment and NICMAR are the most recommended in the industry. However, if you compare RICS vs NICMAR, the later doesn’t provide any degree and is not approved by UGC and AICTE.
With a plethora of comments popping up online, we did our research and reached out to people who have shared few thoughts to keep things unbiased. Below are few of the prominent quotes shared by various alumni’s and students:
Genuine Students Feedbacks
What helped to make such a career is a deep understanding of Real Estate business and markets what RICS SBE has given me. Trust me when I say this, people called me offering jobs and I never picked up my phone to figure out a job after 1.5 years in my career. That credit, I always give to RICS SBE for helping me pick up business very well.
Vivek Dutt, Consultant (Alumni RICS SBE)
It seems the placements section on nicmar site was recently updated and there has been a pile of worried queries and irrelevant, uninformed advise being passed to these new Nicmar aspirants.
So for everyone who wants to know if they should join nicmar and invest 12 lakhs in their career.
Short answer, Join nicmar if you are ready to work over the next 2 years and grab the opportunities that Nicmar will offer, it offers a lot to construction allied ppl.
NICMAR is not AICTE and UGC approved, it doesn’t give you an MBA degree, but a PGP. If you are coming here for the right reasons, you will know that NICMAR doesn’t need to be any of those things.
Neel Wagle, (Alumni NICMAR PGP-REUIM from National Institute of Construction Management and Research)
NICMAR has been a pioneering institute offering postgraduate level education in specialized areas like construction management, project engineering and management, real estate management, infrastructure management and allied areas. NICMAR offers education through distance education and part-time modes also.
NICMAR conducts executive development courses for a variety of organizations in the construction and allied industries. These programmes are in a variety of modes including long-duration programmes, medium duration programmes and short duration courses. Similarly, the programme focus could be function-based, project-based or business based. The long duration courses are modular in nature and most of the programmes are conducted on campus, at Pune or Hyderabad.
MBA programs in Real Estate
On the other hand, backed by the professionals of the industry, i.e. the Royal Institution of Chartered Surveyors (RICS), UK, RICS SBE provides quality education for aspirants in the fields of
Furthermore, doing an MBA from RICS SBE will cater to the need of a professional with training in operation, management, and financing of various infrastructure services. They provide highly beneficial knowledge on influencing public policies and regulatory practices in infrastructure industries. The course is explicitly designed to provide specialised skills training involved in real estate and urban infrastructure service delivery, competition policy, regulatory process, as well as helping students understand the regulation from technical, social, legal, and economic perspectives. With multiple exchange programs in hand, the institution aims to get the students acquainted with a robust global exposure for managing things.
Coming to the placement opportunities, RICS SBE attracts more than 350+ renowned companies, the number of which continues to grow with each passing year. Many reputed firms such as CWC LLP, Turner and Townsend, Vedas Consultants, Citibank, Knight Frank, and Cushman and Wakefield, among others, are supporting this institution to achieve its dreams of building industry-ready professionals.
To become a part of the excelling sector of Real Estate and Infrastructure industry, apply now and be a part of the 150-year-old legacy behind the RICS School of Built Environment.
Frequently Asked Questions (FAQ) for having future-ready education
What is MBA in Real Estate?
If you wish to break into the real estate market with specialised managerial knowledge pertaining to this sector, then an MBA in Real Estate is the best course of action for you to take. It will help you accomplish this goal through a curriculum that enables this specialisation, allowing you to take the first step into becoming a stalwart professional of the built environment sector.
What is MBA in Infrastructure Management?
The infrastructure sector has become one of the most dynamic industries in today’s times, with a wide array of developments and innovations contributing to the evolution of this segment. This has conversely led to an increase in the requirement of professionals who can manage the activities in this sector – something that can be facilitated with the provision of an MBA in Infrastructure Management.
What is Construction Management MBA?
The prominence of construction companies and building firms in modern times can’t be stated enough, and the job market is booming for this particular sector. With an MBA in Construction Management, you will be trained to adopt a supervisory role in the construction sector with this specialised level of education.
Is NICMAR approved by UGC?
Unlike institutes like RICS SBE, NICMAR is neither UGC nor AICTE-approved, meaning that you won’t receive a degree if you choose to go for this particular college. Instead, you’ll be going for a Post-Graduate Program that will provide you with a diploma instead of an accredited degree.
Is MBA good for civil engineers?
If you wish to break into the construction and infrastructure sector, then it must be said that an MBA might be a great course of action to go for – especially if you wish to adopt a managerial role. In a way, civil engineering makes you aware of the execution processes involved in the built environment sector, and an MBA will provide you with the managerial education required to oversee these processes.
Is it worth doing MBA after civil engineering?
Doing a civil engineering course will help you learn and understand the groundwork involved in the built environment sector. However, if you feel like handling the execution aspect of this industry is not exactly your cup of tea, then going for a specialised MBA degree will provide you with the managerial skills required to become a stalwart player in this field.
Can I do MBA after completing B.Tech/Is MBA a good option after engineering?
Becoming an engineer and becoming a manager involve two vastly different skill sets and accommodate different interests. If you’re one of the many people who doesn’t feel like being an engineer is an exciting proposition, then going for an MBA is the safest option for you. It opens up your career options by a considerable amount and doesn’t limit you to the sole vertical of engineering.
Is MBA better than MTech?
To say whether any degree is better than another is a very subjective statement to make. Are you interested in engineering? By all means, go for an M.Tech. Feel like managing processes is more your forte instead of executing them? An MBA is the best course of action for you to take. It depends on your preferences at the end of the day, so nail those down before choosing one of these two degrees.
Which is better, MS or MBA?
To say whether any degree is better than another is a very subjective statement to make. Want to hone your speciality in one specific vertical? By all means, go for an MS. Feel like a business degree that will help you – among other things – manage processes is more your forte? An MBA is the best course of action for you to take. It depends on your preferences at the end of the day, so nail those down before choosing one of these two degrees.