Real Estate

Types of Degrees Real Estate Majors Are Getting

The following table lists how many real estate graduations there were for each degree level during the last year for which data was available.

Education Level	Number of Grads
Master’s Degree	1,130
Graduate Certificate	136

What Real Estate Majors Need to Know

O*NET surveyed people in occupations related to real estate and asked them what knowledge areas, skills, and abilities were important for their jobs. The responses were rated on a scale of 1 to 5 with 5 being most important.

Knowledge Areas for Real Estate Majors

This major prepares you for careers in which these knowledge areas are important:

• Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
• English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
• Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
• Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
• Clerical - Knowledge of administrative and clerical procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and other office procedures and terminology.

Skills for Real Estate Majors

The following list of skills has been highlighted as some of the most essential for careers related to real estate:

• Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
• Speaking - Talking to others to convey information effectively.
• Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
• Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
• Writing - Communicating effectively in writing as appropriate for the needs of the audience.

Abilities for Real Estate Majors

Real Estate majors often go into careers where the following abilities are vital:

• Oral Comprehension - The ability to listen to and understand information and ideas presented through spoken words and sentences.
• Written Comprehension - The ability to read and understand information and ideas presented in writing.
• Oral Expression - The ability to communicate information and ideas in speaking so others will understand.
• Speech Clarity - The ability to speak clearly so others can understand you.
• Deductive Reasoning - The ability to apply general rules to specific problems to produce answers that make sense.

What Can You Do With a Real Estate Major?

People with a real estate degree often go into the following careers:

Job Title	Job Growth Rate	Median Salary
Appraisers, Real Estate	14.4%	$54,980
Assessors	14.4%	$54,980
Property, Real Estate, and Community Association Managers	10.3%	$58,340
Real Estate Brokers	4.9%	$58,210
Real Estate Sales Agents	5.8%	$48,690

Who Is Getting a Master’s Degree in Real Estate?

This major tends to be male dominated. About 70% of recent graduates are men.

Racial-Ethnic Diversity

At the countrywide level, the racial-ethnic distribution of real estate majors is as follows:

Race/Ethnicity	Number of Grads
Asian	55
Black or African American	72
Hispanic or Latino	140
White	538
International Students	196
Other Races/Ethnicities	129

Geographic Diversity

Students from other countries are interested in Real Estate, too. About 17.3% of those with this major are international students.

Amount of Education Required for Careers Related to Real Estate

Some careers associated with real estate require an advanced degree while some may not even require a bachelor’s. In general, the more advanced your degree the more career options will open up to you. However, there is significant time and money that needs to be invested into your education so weigh the pros and cons.

How much schooling do you really need to compete in today’s job market? People currently working in careers related to real estate have obtained the following education levels.

Education Level	Percentage of Workers
Less than a High School Diploma	2.5%
High School Diploma - or the equivalent (for example, GED)	21.7%
Post-Secondary Certificate - awarded for training completed after high school (for example, in agriculture or natural resources, computer services, personal or culinary services, engineering technologies, healthcare, construction trades, mechanic and repair technologies, or precision production)	8.3%
Some College Courses	15.6%
Associate’s Degree (or other 2-year degree)	13.9%
Bachelor’s Degree	31.2%
Post-Baccalaureate Certificate - awarded for completion of an organized program of study; designed for people who have completed a Baccalaureate degree but do not meet the requirements of academic degrees carrying the title of Master.	2.6%
Master’s Degree	1.8%
First Professional Degree - awarded for completion of a program that: requires at least 2 years of college work before entrance into the program, includes a total of at least 6 academic years of work to complete, and provides all remaining academic requirements to begin practice in a profession.	1.7%

Online Real Estate Programs

The following table lists the number of programs by degree level, along with how many schools offered online courses in the field.

Degree Level	Colleges Offering Programs	Colleges Offering Online Classes
Certificate (Less Than 1 Year)	0	0
Certificate (1-2 years)	36	4
Certificate (2-4 Years)	1	0
Associate’s Degree	97	11
Bachelor’s Degree	28	4
Post-Baccalaureate	0	0
Master’s Degree	43	4
Post-Master’s	1	0
Doctor’s Degree (Research)	2	1
Doctor’s Degree (Professional Practice)	0	0
Doctor’s Degree (Other)	0	0

Majors Related to Real Estate

You may also be interested in one of the following majors related to real estate.

Major	Number of Grads
Business Administration & Management	395,227
Accounting	84,760
Finance & Financial Management	58,013
General Business/Commerce	57,204
Management Sciences & Quantitative Methods	56,747
Marketing	52,820
Human Resource Management	25,350
Business Support & Assistant Services	16,604
Hospitality Management	14,076
Entrepreneurial Studies	12,707
Management Information Systems	11,695
International Business	7,505
General Sales & Marketing	5,965
Other Business, Management & Marketing	4,903
Business/Managerial Economics	4,885
Specialized Sales, Merchandising & Marketing	4,322
Construction Management	4,158
Insurance	2,334
Taxation	1,257
Business/Corporate Communications	837
Telecommunications Management	58

References

*The racial-ethnic minorities count is calculated by taking the total number of students and subtracting white students, international students, and students whose race/ethnicity was unknown. This number is then divided by the total number of students at the school to obtain the racial-ethnic minorities percentage.

• College Factual
• College Scorecard
• National Center for Education Statistics
• O*NET Online
• U.S. Bureau of Labor Statistics
• Usual Weekly Earnings of Wage and Salary Workers First Quarter 2020
• Image Credit: By Godrej Mamurdi Pune under License

More about our data sources and methodologies.