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Real Estate Major

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Real Estate

1,382 Bachelor's Degrees Annually
1,074 Master's Degrees Annually
#147 in Popularity
$61,870 Median Salary

Types of Degrees Real Estate Majors Are Getting

The following table lists how many real estate graduations there were in 2017-2018 for each degree level.

Education Level Number of Grads
Basic Certificate 2,162
Bachelor’s Degree 1,382
Master’s Degree 1,074
Associate’s Degree 284
Undergraduate Certificate 223
Graduate Certificate 58

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

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

real estate majors are found most commonly in careers in which the following skills are important:

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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 Bachelor’s Degree in Real Estate?

1,382 Bachelor's Degrees Annually
24% Percent Women
22% Percent Racial-Ethnic Minorities
This is a less frequently chosen undergraduate major. Only 1,382 students graduated with a bachelor’s degree in real estate in 2018, making it rank #147 in popularity. This major tends to be male dominated. About 76% 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 Bachelor's Degrees
Race/Ethnicity Number of Grads
Asian 50
Black or African American 44
Hispanic or Latino 166
White 1,030
International Students 27
Other Races/Ethnicities 65

Geographic Diversity

Students from other countries are interested in Real Estate, too. About 2.0% 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?

Bachelor’s Degree Starting Salary

Data from the U.S. Department of Education shows that real estate students who graduated in 2015-2017 with a bachelor’s degree made a median starting salary of $47,600 per year. During this timeframe, most salaries fell between $43,750 (25th percentile) and $49,675 (75th percentile).

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It’s important to note that just because the people reporting these salaries have a degree in real estate, it does not mean that they are working in a job related to their degree.

Salaries According to BLS

Average salaries range from $61,720 to $71,730 (25th to 75th percentile) for careers related to real estate. This range includes all degree levels, so the salary for a person with just a bachelor’s degree may be a little less and the one for a person with an advanced degree may be a little more.

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 degrees associated with real estate may require an advanced degree, while others may not even require a bachelor’s in the field. 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 the 2017-2018 academic year, 242 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) 130 15
Certificate (1-2 years) 44 3
Certificate (2-4 Years) 1 0
Associate’s Degree 106 8
Bachelor’s Degree 16 1
Post-Baccalaureate 130 15
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 399,810
Accounting 107,851
General Business/Commerce 58,413
Finance & Financial Management 56,960
Marketing 49,179
Human Resource Management 26,853
Hospitality Management 20,194
Business Support & Assistant Services 19,248
Management Sciences & Quantitative Methods 18,282
Management Information Systems 14,578
International Business 10,536
Entrepreneurial Studies 8,522
Business/Managerial Economics 6,727
Specialized Sales, Merchandising & Marketing 6,711
Other Business, Management & Marketing 5,750
General Sales & Marketing 5,673
Construction Management 3,375
Insurance 2,316
Taxation 1,888
Business/Corporate Communications 1,088
Telecommunications Management 48

References

More about our data sources and methodologies.

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