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Real Estate Major

Real estate is a major that typically falls into the Business, Management & Marketing category.

There are 106 programs available throughout the country that offer an associate’s degree in real estate, 53 that offer a bachelor’s degree, and 37 that offer a master’s degree. There are also at least 1 schools in the nation where you can get your doctorate degree in the field.

Who Is Getting a Real Estate Degree?

This is a less frequently chosen major. Only 1,100 students graduated with a bachelor’s degree in real estate in 2017. This major attracts more men than women. About 75.9% of the graduates in this field are male.

Racial Distribution

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

  • Asian: 3.6%
  • Black or African American: 3.2%
  • Hispanic or Latino: 12%
  • White: 74.5%
  • Non-Resident Alien: 2%
  • Other Races: 4.7%
Real Estate Majors Ethnic Diversity Statistics

Americans aren’t the only ones with an interest in real estate. About 2% of those graduating in 2017 were international students. The most popular countries sending real estate majors to the U.S. are China, India and South Korea.

What Will You Learn as a Real Estate Major?

An O*NET survey asked people with careers related to real estate to rate how important certain subject areas were to their job. The following are some of the results of that survey. Importance was rated on a scale of 1 to 5 with 5 being most important.

Knowledge Areas for Real Estate Majors

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

Important Knowledge Areas for Real Estate Majors

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:

Important Skills for Real Estate Majors

Abilities for Real Estate Majors

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

Important Abilities for real estate Majors

What Can You Do With a Real Estate Major?

Below is a list of occupations associated with real estate:

Careers Related to Real Estate
Job Title Job Growth Rate Median Salary

Assessors

14.4%

$54,980

Property, Real Estate, and Community Association Managers

10.3%

$58,340

Appraisers, Real Estate

14.4%

$54,980

Real Estate Brokers

4.9%

$58,210

Real Estate Sales Agents

5.8%

$48,690

Real Estate Major Salary

Real estate majors often go into careers where salaries can range from $62,000 to $72,000. 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, the typical high school graduate makes between $29,000 and $57,000 a year. The average person with a bachelor’s degree (any field) makes between $44,000 and $99,000. Advanced degree holders make the most with salaries between $55,000 and $120,000.

Average Salary for a Real Estate Major  ( 62000 to 72000 )
$0
$200k
Average Salary for High School Graduate  ( 29000 to 57000 )
$0
$200k
Average Salary with Bachelor's Degree  ( 44000 to 99000 )
$0
$200k
Average Salary with Advanced Degree  ( 55000 to 120000 )
$0
$200k

The area of the country you choose to work in will also affect your career and salary prospects. Getting a graduate degree may open up more options with higher salary potential.

Amount of Education Required for Real Estate Major Jobs

Some careers 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.

Education Levels for Careers Associated With Real Estate
Level of Education Percentage of Workers

Less Than a High School Diploma

2.5%

High School Diploma or Equivalent

21.7%

Post-Secondary Certificate

8.3%

Some College Courses

15.6%

Associate's Degree or Equivalent

13.9%

Bachelor's Degree

31.2%

Post-Baccalaureate Certificate

2.6%

Master's Degree

1.8%

Post-Master's Certificate

0%

First Professional Degree

1.7%

Doctoral Degree

0%

Post-Doctoral Training

0%

Online Real Estate Programs

There are 53 colleges that offer a bachelor’s degree in real estate, with 2 of them offering at least some courses online.

Online learners must listen or watch video lectures, participate in group chats or forums, submit papers and assignments electronically, take tests, and meet deadlines.

Getting your degree online is not easy and includes watching and listening to hours of lectures, participating in group charts, submitting papers by the appropriate deadline and taking tests. Some online programs will also feature internships or in-person clinical hours.

Is a Real Estate Major Worth It?

The median salary for a real estate grad is $62,000 per year. This is based on the weighted average of the most common careers associated with the major.

This is 59% more than the average salary for an individual holding a high school degree. This adds up to a gain of about $459,400 after 20 years!

real estate salary compared to typical high school and college graduates over a 20 year period

References

Bureau of Labor Statistics
National Center for Education Statistics
O*NET Online
Image Credit: Godrej Mamurdi Pune via License

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