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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

In an O*NET survey, real estate majors were asked to rate what knowledge areas, skills, and abilities were important in their occupations. These answers were weighted on a scale of 1 to 5 with 5 being the most important.

Knowledge Areas for Real Estate Majors

According to O*NET survey takers, a major in real estate should prepare you for careers in which you will need to be knowledgeable in the following areas:

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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

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

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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

As a real estate major, you will find yourself needing the following abilities:

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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?

Below is a list of occupations associated with real estate:

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

Real Estate appeals to people across the globe. 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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Note that some of these people may have jobs that are not directly related to a real estate degree.

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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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. Whatever the case may be, pursuing more education usually means that more career options will be available to you.

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 2018-2019, 228 schools offered a real estate program of some type. 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 410,147
Accounting 105,123
General Business/Commerce 58,451
Finance & Financial Management 56,186
Marketing 51,241
Human Resource Management 26,823
Management Sciences & Quantitative Methods 23,738
Business Support & Assistant Services 19,483
Hospitality Management 19,042
Management Information Systems 14,747
Entrepreneurial Studies 10,427
International Business 10,181
Business/Managerial Economics 6,345
Specialized Sales, Merchandising & Marketing 5,873
Other Business, Management & Marketing 5,834
General Sales & Marketing 5,734
Construction Management 3,664
Insurance 2,218
Taxation 1,783
Business/Corporate Communications 968
Telecommunications Management 71

References

More about our data sources and methodologies.

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