The global economy is significantly influenced by the real estate market. According to Savills World Research, it is by far the largest store of wealth, amounting to more than 3.5 times the entire global GDP.
Over the past few years, the real estate industry has experienced exponential growth, drawing top talent from a variety of fields, including business, economics, finance, engineering, architecture, and construction, to name a few.
The real estate industry provides a variety of career paths that will make you able to secure positions that are industry-specific, such as investment manager, asset manager, and development manager for development projects. It’s a prosperous industry that is still growing and needs more highly skilled workers than ever. You can study all aspects of real estate with private real estate tutoring delivered in online lessons by real estate tutors online.
Universities worldwide, including in the UK and the U.S, are offering specialised masters degree programs to meet this demand. These degrees include:
- Master of Science in Real Estate (MSRE)
- Master of Science in International Real Estate (MSIRE)
- Master of Science in Real Estate Development (MSRED), and
- MBA with a concentration in Real Estate
Different programs will have differing perspectives, specifications, curricula, and advantages. Finding the option that best suits your own career goals is, therefore, essential.
There are many advantages to studying real estate at the graduate level, regardless of whether you are already employed in the field or hoping to get a master's in real estate. The top 7 reasons why you should pursue a master's degree in real estate are listed below.
1. Advance in a highly-sought out industry | Optimise your career potential with a Master in Real Estate (MSRE)
Barriers to entry make the industry very appealing to those looking to make a career in real estate. You can start a business with just a licence, but there is no assurance that you will be successful or steer clear of fatal errors.
An MSRE goes beyond credentials, like most graduate degrees. You can learn the ins and outs of succeeding in this industry in various programmes taught by top real estate experts at universities. You’ll be more prepared to tackle the tasks and challenges at hand.
A master's degree is valuable if you want to begin a career in commercial real estate and progress to the top positions. It proves you have the drive, commitment, and skill required to succeed.
2. Grow your income | Financial gain
Income growth can occur in a variety of ways. If you work for a real estate company, your degree in real estate provides you with the chance to either seek a promotion or a higher salary or both and a career in real estate also.
You can use the knowledge and opportunities available from an MSRE program to make wiser or more significant investments that could result in higher earnings if you choose to work independently or off commission.
3. Learn to avoid legal issues
Real estate law is an important subject covered in the real estate curriculum. You will learn about the laws, rules, and regulations made by the federal, state, county, and local governments, as well as the private law of contracts from leading professionals today.
You can avoid costly legal errors with potentially severe repercussions by learning how to do the valuation of real estate documents and transactions. Understanding of real estate law will also create a channel for the flow of ideas regarding various aspects a of real estate career, such as the real estate school of business.
4. Build a valuable network of professionals and mentors | Improved network of industry with Master of Science in Real Estate development | Real Estate business development
Anyone involved in the real estate industry will tell you how important networking is. You can find business partners and mentors through networking in every area of the industry, from development to finance. Your network will provide support, priceless information, and chances. You will benefit from it in all real estate-related fields, including residential real estate, commercial real estate, real estate management, real estate investment, property management, property valuation, project management, and asset management, among others.
It is crucial to set aside time to attend association- and university-organised networking events whether you are pursuing your master’s in real estate on campus or online. Membership in associations like the International Council of Shopping Centers (ICSC) and the Royal Institution of Chartered Surveyors is made available through programmes like the MSc in International Real Estate (MSIRE) offered by FIU (RICS). These organisations host conferences and events that provide students and professionals from various corporate sectors the networking opportunities and capital markets knowledge and also offer guidance about different career opportunities in the corporate world.
5. Break into different areas of real estate | Explore Career options in the Real Estate business, Real Estate worth, and Real Estate assets
Real estate professionals with advanced degrees have more career options beyond buying and selling real estate. You can work in finance, acquisitions, management, advising, or commercial development with the knowledge from an MSRE curriculum. It touches on various industry segments and aids in identifying your area of expertise. Either you or a business can be your employer. It is a well-rounded education that gives you the opportunity to complete your goal of becoming real estate agent.
6. Earn a degree and fast-track certifications and licenses
The possibility of expediting certain certifications and licences is a significant advantage of some MSRE degrees. How will your programme prepare you for these things? Ask an advisor or programme manager.
ARGUS is a popular piece of software in the industry, and the MSIRE programme at FIU will prepare you to become certified in it. Additionally, you’ll receive significant credit for the Florida Real Estate Commission (FREC) courses, the MAI designation from the Appraisal Institute, and the Certified Commercial Investment Member (CCIM) credential. These advantages help students save a lot of time and money.
7. Qualified hires are in-demand
A real estate job placement network called SelectLeaders found that 58% of businesses had trouble finding qualified hires. Candidates specifically lacked the necessary technical and practical skills.
Graduate programmes are made to offer both practical training and advanced knowledge. You’ll receive training on various software programmes, go on property tours, participate in case study competitions, and possibly even complete an internship.
More than just a Graduate Real Estate Degree
There are more opportunities to follow a successful career path as the industry expands and changes over time. If you want to succeed in the industry, getting a master's degree is worth it. It will benefit you financially as well as professionally through networks and certifications.
