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Real Estate Major

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Real Estate

1,121 Master's Degrees Annually
0 Doctor's Degrees Annually
#102 in Popularity (Master's)
$61,870 Median Salary

Types of Degrees Real Estate Majors Are Getting

The following table lists how many real estate graduations there were in 2018-2019 for each degree level.

Education Level Number of Grads
Master’s Degree 1,121
Graduate Certificate 65

What Real Estate Majors Need to Know

People with careers related to real estate were asked what knowledge areas, skills, and abilities were important for their jobs. They weighted these areas on a scale of 1 to 5 with 5 being the highest.

Knowledge Areas for Real Estate Majors

Real Estate majors often go into careers in which the following knowledge areas are important:

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  • 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

When studying real estate, you’ll learn many skills that will help you be successful in a wide range of jobs - even those that do not require a degree in the field. The following is a list of some of the most common skills needed for careers associated with this major:

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  • 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

A major in real estate will prepare for your careers in which the following abilities are important:

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  • 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?

1,121 Master's Degrees Annually
26% Percent Women
24% Percent Racial-Ethnic Minorities
This major tends to be male dominated. About 74% of recent graduates are men.

Racial-Ethnic Diversity

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

Racial-Ethnic Diversity of Real Estate Students with Master's Degrees
Race/Ethnicity Number of Grads
Asian 61
Black or African American 76
Hispanic or Latino 105
White 578
International Students 204
Other Races/Ethnicities 97

Geographic Diversity

Americans aren’t the only ones with an interest in Real Estate. About 18.2% of those with this major are international students. The most popular countries for students from outside the country are:

  • China
  • India
  • South Korea
  • Canada
  • Thailand

How Much Do Real Estate Majors Make?

Master’s Degree Starting Salary

Data from the U.S. Department of Education shows that real estate students who graduated in 2015-2017 with a master’s degree made a median starting salary of $81,500 per year. During this timeframe, most salaries fell between $73,625 (25th percentile) and $96,575 (75th percentile).

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One thing to note here is that not all of these people may be working in careers related to real estate.

Salaries According to BLS

Real Estate majors often go into careers where salaries can range from $61,720 to $71,730 (25th to 75th percentile). This range includes all degree levels, so you may expect those with a more advanced degree to make more while those with less advanced degrees will typically make less.

To put that into context, according to BLS data from the first quarter of 2020, the typical high school graduate makes between $30,000 and $57,900 a year (25th through 75th percentile). The average person with a bachelor’s degree (any field) makes between $45,600 and $99,000. Advanced degree holders make the most with salaries between $55,600 and $125,400.

Median Salary for a Real Estate Major  ( 61720 to 71730 )
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250K
Median Salary for a High School Graduate  ( 30000 to 57900 )
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250K
Median Salary for a Bachelor's Degree Holder  ( 45600 to 99000 )
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250K
Median Salary for an Advanced Degree Holder  ( 55600 to 125400 )
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250K

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.

Find out what the typical degree level is for real estate careers below.

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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

In the 2018-2019 academic year, 228 schools offered some type of real estate program. 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) 125 20
Certificate (1-2 years) 42 5
Certificate (2-4 Years) 1 0
Associate’s Degree 100 9
Bachelor’s Degree 17 2
Post-Baccalaureate 125 20
Master’s Degree 37 6
Post-Master’s 2 0
Doctor’s Degree (Research) 1 0
Doctor’s Degree (Professional Practice) 0 0
Doctor’s Degree (Other) 0 0

Is a Degree in Real Estate Worth It?

The median salary for a real estate grad is $61,870 per year. This is based on the weighted average of the most common careers associated with the major.

This is 55% more than the average salary for an individual holding a high school degree. This adds up to a gain of about $439,400 after 20 years!

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

Major Number of Grads
Business Administration & Management 135,757
Accounting 21,904
Management Sciences & Quantitative Methods 14,136
Human Resource Management 10,770
General Business/Commerce 10,236
Finance & Financial Management 6,277
Marketing 3,308
Management Information Systems 3,158
International Business 2,417
Entrepreneurial Studies 1,778
Taxation 1,611
Other Business, Management & Marketing 1,240
Hospitality Management 1,072
General Sales & Marketing 637
Construction Management 507
Business/Managerial Economics 267
Specialized Sales, Merchandising & Marketing 221
Insurance 173
Business/Corporate Communications 80
Telecommunications Management 38
Business Support & Assistant Services 0

References

More about our data sources and methodologies.

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