The goal of the Scholarship is to recruit, educate, financially assist and support the next generation of real estate leaders, particularly those interested in industrial real estate.
Student Requirements
Entry Requirements
Applicants must meet the current admission requirements of HCB. In particular, applicants will have completed an undergraduate degree with a minimum GPA of 3.0 and have 2-3 years of work experience in real estate or a related field. Employer recommendation letter requested.
Program Participation Requirements
Students will be required to (a) maintain a GPA of 3.5; (b) be continuously registered; (c) take two classes each regular semester; (d) complete the Institute’s professional training courses; and, (e) fully participate in Institute and Northern Builders’ scholarship fund activities. The degree must be completed in two years after initial enrollment.
Program Elements:
Scholarships and Financial Assistance
- Selected students will receive an annual scholarship of $7,500/ year for up to two years (or a maximum of $15,000) to complete the degree program.
- GMAT Scholars – qualified students will receive an annual scholarship of $10,000/year for up to two years (a maximum of $20,000) to complete the degree program.
Advising
Students will be assigned an advisor from the Institute to provide guidance concerning their academic choices, as well as other counseling during their studies.
Mentorships/Internships
All students are expected to participate in the Institute’s mentoring program. The mentors can provide shadowing, attendance at events, exposure to the industry, and professional advice and interaction.
Industry/Student Forums
The Institute will involve the students in all of its educational and program activities. A student membership in an industry organization will be provided.
Career Evaluation
Each semester the student will have an opportunity to review career options with the industry mentor. Internships at Northern Builders, or elsewhere, will give “hands on” experience.
Industry Placement
Northern Builders will network with Chicago-area fires and share employment opportunities as they become available. Students will be informed of other opportunities through the Institute.
Professional Training Courses
All scholarship students under the Institute’s real estate programs are require to attend the on-site Institute training courses. The courses are free and include:
- Information/real estate technology classes – including industry programs such as Argus, CoStar and STDB.
- Professional and Personal Skills – Business etiquette, presentation, networking and time management skills.
- Business writing – composition skills – composition, document organization, resume preparation, etc.
Graduation and certificate:
Graduates from the program will receive a special certificate as a scholar of THE JAMES P. GRUSECKI AND NORTHERN BUILDERS, INC. SCHOLARSHIP FOR FUTURE LEADERS IN INDUSTRIAL REAL ESTATE.