The best majors for real estate can help you make a successful career in the real estate industry. Many real estate professionals go on to become appraisers, property managers, or brokers. Over the next 10 years, several careers in this field are expected to see an increase in employment.
If you’re someone interested in pursuing a career in real estate or a related field, this is the article for you. We have compiled a list of the best college majors for real estate along with possible career options which will inform you on how to choose a major for real estate.
What Major Is the Best for Real Estate?
Economics is one of the best majors for real estate, it has one of the most rewarding jobs among other real estate-related careers. The median annual salary for an economist is $105,630, according to the Bureau of Labor Statistics.
Additionally, the job outlook for economists is also projected to grow faster than average at the rate of 13 percent from 2020 to 2030. In the next section, we’ll teach you how to choose a major for real estate below.
How to Choose a Major for Real Estate
- Cost of the program. Considering the expenses of a real estate major program are critical for any student looking to pursue a career in this field. You can always look for affordable college degrees in your desired major. You can also find out if any affordable schools are there that offer financial assistance.
- Student support. Schools that offer their students a wide range of support options are gaining a lot of attention these days. Internships or online programs with specialists may be offered by some majors.
- Program format. Some students may benefit from different learning styles such as online programs or on-campus programs. You may also want to think about how much time you have to devote to your studies, and whether or not you will require a part-time or full-time alternative.
- Try introductory classes. Students have the option of studying basic real estate business courses as introductory courses. Electives in specific business specializations such as accounting or finance majors can be taken to do the comparison. Introductory classes can help students build career goals as they study.
- Try academic advising. Getting guidance from a professional in the real estate field can help inform you of some of the skills and knowledge you’ll need to work in the field. Meeting advisors and professionals will also help you build professional connections while you study.
What Are the Best Majors for Real Estate?
- Economics | Average Salary: $79,000
- Accounting | Average Salary: $74,000
- Construction Management | Average Salary: $74,000
- International Business | Average Salary: $73,000
- Finance | Average Salary: $71,000
- Business Administration | Average Salary: $70,000
- Real Estate | Average Salary: $70,000
- Human Resource | Average Salary: $64,000
- Sales and Marketing | Average Salary: $61,000
- Entrepreneurship | Average Salary: $58,000
Best College Majors for Real Estate: Explained
Economics | Average Salary: $79,000
Students who study economics can expect to take a wide variety of business area courses that will help them grip the essential elements to succeed in the real estate industry. It is one of the best college majors for real estate.
Micro and macroeconomics, statistical data, financial regulation, asset management, and urban and regional economy are some of the topics covered in the curriculum. You not only learn how real estate developers handle the cost of their businesses but also get a grip on how real estate careers contribute to economic development.
Accounting | Average Salary: $74,000
Accounting is another great major option for real estate. You will learn how to examine and handle ledgers, manage budgets, and complete reports. Additionally, you will learn the real estate transaction process and how to conduct payment card transactions in real estate investment. The fundamentals of managing these figures are taught in a standard real estate finance degree.
Construction Management | Average Salary: $74,000
To become a builder, a major in construction or construction management can provide you with the necessary training to create sound structures and make sound investments. Construction management, construction law, methods and materials, and project management and safety will be taught. Additionally, you may be required to take a few hands-on courses.
International Business | Average Salary: $73,000
The courses in this program are similar to other business major courses, but with an added international focus. Studying international business legislation and promotion techniques to advertise your company in foreign nations are two examples of topics covered. A college degree in international business can help you obtain employment in the United States and abroad.
Finance | Average Salary: $71,000
It is possible to study financial aspects of accounting and portfolio management along with economics majors to get your real estate degree in finance. Due to the worldwide nature of financial markets, you can bring up the subject of finance in a variety of contexts including real estate.
Financial analysts and real estate agents are two possible career opportunities for students of finance. Advancement to the position of finance manager may be possible with sufficient experience and training. If you have this degree, you can potentially work as a financial advisor for individuals or businesses.
Business Administration | Average Salary: $70,000
A business administration degree will set you apart from other real estate agents. To succeed in the real estate industry, you need to learn a wide range of skills. As a result of this training, you learn how to communicate effectively in both written and spoken form.
The ability to effectively communicate with a professional buyer and seller is critical to your career placement as a real estate agent. Using the analytical thinking skills you have learned can help you negotiate a deal that both parties can be happy with.
Real Estate | Average Salary: $70,000
Students who are interested in becoming realtors might consider majoring in a real estate program, which will offer a wide range of classes to help gain a solid foundation in the field. You will take core real estate courses and learn about urban planning, the licensing process, real estate analysis, cash offers, and investing.
A real estate program requires the ability to think critically about various aspects of property and growth, along with financial considerations such as risk and investment. You will learn to develop analytical skills that will aid in making sound decisions during your career.
Human Resources | Average Salary: $64,000
For prospective real estate agents and brokers, obtaining a degree in human resources is a wise choice. Learning how to manage people and resolve disagreements is an important part of a career in human resources. You learn about diversity and how to build a welcoming and productive work environment.
A real estate broker can use these skills to apply creative solutions to problems and build a team of brokers. These skills are extremely useful in all working environments and help businesses run smoothly and efficiently.
Sales and Marketing | Average Salary: $61,000
Classes in this program will teach you how to do market research to identify what products or services to sell. You may also gain a deeper understanding of consumer behavior to better comprehend how to attract customers.
In certain instances, a corporation may pay you to manage its marketing and branding projects. You might also work for a real estate development and marketing agency that provides advertising services to a variety of clients and organizations.
Entrepreneurship | Average Salary: $58,000
If you want to become a real estate agent, an entrepreneurship degree is another wonderful option. For those interested in starting a firm, this degree provides an overview of the necessary business skills and experiences needed to succeed. As you progress in your entrepreneurial endeavors, you will gain knowledge and skills that will help you overcome the many obstacles you will encounter.
What Are the Best Careers in Real Estate?
With a major in real estate, you can get a job as an economist, a financial manager, a real estate broker, and a real estate sales agent. Careers related to managerial and clerical positions are best suited for graduate students with majors in real estate.
Top 10 Best Careers in Real Estate
There are several careers real estate graduates can pursue in the industry. Students will need to decide on the undergraduate degree that best suits their career path. Majors in finance, accounting, real estate, and business administration will provide you with the educational credentials for these jobs. Below are the top 10 best careers for real estate majors in the country.
Economists
- Average Salary: $105,630
- Job Outlook: 13% growth from 2020 to 2030
- Required Education: Master’s degree
Economists specialize in real estate research production, competition, and pricing in the market. They apply the tools and strategies of economics in such a way as to generate profitable outcomes in the real estate markets. This position requires most students to complete one of the many graduate programs offered at a university level.
Facilities Managers
- Average Salary: $99,290
- Job Outlook: 9% growth from 2020 to 2030
- Required Education: Bachelor’s degree
A real estate facilities manager has to ensure that the properties are in good shape and that they may be sold or leased. It is their responsibility to maintain the property’s infrastructure and utilities. Interacting with renters and safety officers is a common part of the job of the facilities manager.
Personal Financial Advisors
- Average Salary: $94,170
- Job Outlook: 5% growth from 2020 to 2030
- Required Education: Bachelor’s degree
People often seek the assistance of personal financial advisors to better prepare for their financial future and manage money and assets. These experts are there to guide you through the process of determining what you should do with your wealth, typically through investing.
Loan Officers
- Average Salary: $63,380
- Job Outlook: 1% growth from 2020 to 2030
- Required Education: Bachelor’s degree
A loan officer is responsible for evaluating mortgage and other property loan applications and making a decision on whether or not to approve them. There are several different sorts of real estate loans that loan officers specialize in such as residential and business loans.
Real Estate Brokers
- Average Salary: $62,010
- Job Outlook: 4% growth from 2020 to 2030
- Required Education: High school diploma or equivalent
Real estate brokers aid clients in renting, purchasing, and selling land and property. They may also assist clients with real property management. The majority of brokers are firm owners who oversee a team of realtors, administrators, and other professionals.
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Property Appraisers and Assessors
- Average Salary: $61,340
- Job Outlook: 4% growth from 2020 to 2030
- Required Education: Bachelor’s degree
Real estate appraisers evaluate the worth of properties. They may specialize in residential or commercial property. These professionals examine the qualities of a property to decide which additions, such as new features or amenities, may increase its value.
Real Estate Managers
- Average Salary: $59,230
- Job Outlook: 3% growth from 2020 to 2030
- Required Education: High school diploma or equivalent
Real estate managers oversee the everyday activities of commercial and residential buildings and areas of land. They are also responsible for the upkeep of these properties. Some supervise properties when the owners choose not to do so themselves.
Real Estate Sales Agents in Construction
- Average Salary: $48,270
- Job Outlook: 4% growth from 2020 to 2030
- Required Education: High school diploma or equivalent
A builder’s agent works for the builder to price and advertise the developer’s properties to buyers. Builder’s agents often have quite distinct day-to-day responsibilities in comparison to a typical real estate agent due to the unique nature of their work.
Real Estate Sales Agents in Rental and Leasing
- Average Salary: $47,530
- Job Outlook: 4% growth from 2020 to 2030
- Required Education: High school diploma or equivalent
A rental agent, sometimes known as a leasing agent, is responsible for maintaining rental properties and finding qualified renters to fill vacancies. Additionally, rental agents may give services to existing renters and aid in lease renewal.
Mortgage Accounting Clerks
- Average Salary: $45,560
- Job Outlook: -3% growth from 2020 to 2030
- Required Education: Degree not required
Morgage accountants fulfill various administrative tasks related to real estate mortgage loans, a mortgage accounting clerk assists mortgage loan officers. They conduct research and checks to ensure that the monetary facts being used are accurate. They record real estate transactions using accounting software and logbooks.
Is Business Administration a Good Real Estate Major?
Yes, business administration is one of the best majors for real estate because it teaches a wide range of skills necessary for success in the real estate industry. You learn to master written and vocal communication to effectively manage business-related tasks and responsibilities. It will help develop management and leadership skills while covering the fundamentals of accounting, finance, and marketing.
Best Majors for Real Estate FAQ
Yes, a degree in real estate is worth it. Real estate may be a good choice for you if you are thinking about a career in business, finance, or sales. The employment opportunities in the real estate industry are increasing steadily. There are numerous employment options open to someone with a Bachelor’s Degree in Real Estate, whether they choose to work in a real estate office or directly with customers.
When you earn a real estate license, you will have the chance to meet people you would not otherwise have the chance to meet. Working in real estate gives you the chance to meet new people from different walks of life and learn about their perspectives.
Yes, being a real estate agent can be hard. To be a successful real estate agent, you must work exceedingly hard. With long hours and unpredictable revenue, the market can be intimidating and you may have to deal with people who are quite demanding.
Not all jobs related to real estate require a college degree but you can get a college degree in real estate to improve your chances of employment in higher-paid jobs. Some affordable universities that offer this program include Florida State University, Florida International University, and Zicklin School of Business.
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