Real Estate Schools

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How will your real estate education stack up?

If you are considering pursuing a real estate degree at home, below is relevant information to help you compare the education you will be receiving to that available elsewhere in the country. There are 245 traditional real estate schools in the US.

Top Schools

The following schools that have real estate programs were ranked top in the nation in 2010:

  1. University of Pennsylvania - located in Philadelphia, Pennsylvania
  2. University of Southern California - located in Los Angeles, California
  3. Northwestern University - located in Evanston, Illinois

Student Demographics

In the US, 3,091 students graduated from real estate programs in 2010. Of these students, 1,183 graduated from certificate programs in real estate, 1,237 graduated from undergraduate programs in real estate, and 671 graduated from graduate-level programs in real estate.

Academics

Students can pursue education in real estate at the following levels:

  • Associate's Degree in Real Estate
  • Bachelor's Degree in Real Estate
  • Master's Degree in Real Estate
  • Doctoral Degree in Real Estate
  • Certificate in Real Estate

Real estate students can expect to gain the following skills and/or knowledge while studying real estate:

  • Sales
  • Creative Thinking
  • Finance and Investments
  • Self Management
  • Residential Development

Cost

In 2010, real estate schools around the nation charged an average tuition of $19,877 per year. The real estate schools that charged students the highest tuition rates were:

  1. University of Southern California - located in Los Angeles, California, students paid $39,183
  2. Johns Hopkins University - located in Baltimore, Maryland, students paid $39,150
  3. University of Pennsylvania - located in Philadelphia, Pennsylvania, students paid $38,970

The lowest tuition was charged by the following real estate schools:

  1. Florida Atlantic University - located in Boca Raton, Florida, students paid $3,349
  2. University of Central Florida - located in Orlando, Florida, students paid $4,526
  3. University of Florida - located in Gainesville, Florida, students paid $4,373

How will your real estate job compare?

Some of the most popular jobs real estate graduates in the US pursue include assessor or property manager. According to the government, in 2010 the US had 363,410 real estate professionals. Of these, 153,740 were realtors. In addition, 62,560 were assessors and 147,110 were property managers. The states with the largest populations of real estate professionals are:

  1. California - 42,350 Real Estate Professionals
  2. Florida - 38,150 Real Estate Professionals
  3. Texas - 33,610 Real Estate Professionals

Projected Growth

According to the US Bureau of Labor Statistics, the number of real estate professionals is expected to grow by 7% by 2018. There are projected to be 889,290 real estate professionals working in the US then. Of these 889,290 real estate professionals, the government predicts that 458,200 will become realtors, 160 will become assessors, and 2,360 will become property managers. The number of real estate professionals is expected to grow the fastest in the following states:

  1. Utah - 18%
  2. Georgia - 15%
  3. Montana - 15%

Salary

In the US, real estate professionals earn on average $53,868 per year. However, factors such as professional associations and certifications, shift differentials, and seniority can cause the salary for real estate professionals to vary greatly dependent on the exact real estate profession you pursue. Real estate professionals in the US can earn anywhere from less than $15,480 per year, to more than $165,500 per year. On average, real estate professionals earn the most in the following states:

  1. New York - $79,393 per year
  2. Massachusetts - $68,150 per year
  3. California - $67,203 per year

real estate professionals in the following states make the lowest salaries on average:

  1. Mississippi - $35,670 per year
  2. West Virginia - $37,920 per year
  3. Arkansas - $39,087 per year

On average the highest paid real estate professionals were:

  1. Property Manager - $62,400 per year
  2. Assessor - $54,230 per year
  3. Realtor - $52,490 per year

 
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So what kind of job can you get after studying
real estate?

Below you'll find various popular careers! Compare professions and see which one you find interesting!

Rank Profession Employment Number Avg Salary Job Growth (Past 5 Yrs)
1
Real Estate Sales Agents 153,740 $52,490 2.4%
2
Property, Real Estate, and Community Association Managers 147,110 $62,400 -4.6%
3
Appraisers and Assessors of Real Estate 62,560 $54,230 -1.9%