Master's Degree Programs in Real Estate Management and Development

A real estate management and development master's degree program includes courses in both business and real estate to order to prepare students for leadership roles in the real estate field. Read on to learn the program's requirements, courses and online availability. Schools offering Real Estate degrees can also be found in these popular choices.

What Can I Learn in a Real Estate Management and Development Program?

The real estate management and development program blends the fields of architecture and construction with management and business. The master's program will teach you how to bring workers together in order to develop buildings that are structurally sound and environmentally responsible. You may get the chance to travel and view successful real estate projects or to work on a development project of your own during the program.

Leadership skills are also stressed throughout the program. Real estate managers and developers can work on homes, commercial buildings and recreation areas. The master's program is offered as a Master of Science, a Master of Arts or a Master of Real Estate Development and typically takes 1-2 years to complete.

Degree Overview Training in management, construction, architecture, and business; training in bringing workers together to develop buildings
Prerequisites Bachelor's degree, 2 years of real estate or management professional experience
Online Availability 100% online and hybrid programs are available
Common Courses Globalization and the real estate market, basic construction, finance in real estate development, real estate taxes, real estate law and contracts
Mean Annual Wage (2018) $76,240 (for urban and regional planners)*
Job Outlook 13% increase between 2016-2026 (for urban and regional planners)*

*Source: U.S. Bureau of Labor Statistics

What Are the Prerequisites?

Since the real estate management and development program is meant to give you the skills to advance in an existing real estate career, the majority of programs require that you have at least two years of full-time professional experience in the field of real estate or management. You generally must earn your bachelor's degree to apply. Programs often recommend that you hold knowledge in accounting, business, intermediate math and computer spreadsheets.

Can I Earn the Master's Degree Online?

You can enroll in an entirely online real estate management program. You can also choose to complete a hybrid program that combines online courses with in-person meetings with faculty and other graduate students a few times per school year. This gives you the chance to conduct fieldwork locally and sometimes even abroad.

The online and hybrid programs typically take 1.5-2 years to complete. Technical requirements for the programs might include having a computer with an Internet connection and browser and a Web camera or speakers to communicate with faculty members or peers. Online class sizes are sometimes small, so you may have a chance to work with others on small projects, in addition to the self-guided readings and assignments.

What Classes Will I Take?

Real estate management and development programs combine classes with on-site fieldwork. The real estate coursework itself emphasizes sustainable living, both environmentally and economically, primarily in elective courses. Common courses include:

  • Finance in real estate development
  • Understanding the real estate market
  • Basic construction
  • Real estate law and contracts
  • Real estate taxes
  • Globalization and the real estate market
  • Project development and management

What Can I Do with My Degree?

With a master's degree in real estate management and development, you can become a commercial real estate developer. According to PayScale.com, as of June 2019, commercial real estate project developers earned a median salary of $79,000.

You can also become an urban or regional planner with your master's degree. The U.S. Bureau of Labor Statistics (BLS) reported that urban and regional planners faced favorable job prospects, particularly those who held their master's degree. According to BLS figures, the urban and regional planning job field was predicted to grow 13% between 2016 and 2026. The BLS also reported that urban and regional planners earned an average annual wage of $73,050 in 2018.

You can also find work as a construction manager with a degree in real estate development and management. A report from the BLS states that construction managers made an average annual salary of $103,110 in 2018. For this job, you might want to consider becoming a Certified Construction Manager with the Construction Management Association of America. The certification requires that you have work experience, take a training course and pass an exam.

To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below:

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The schools in the listing below are not free and may include sponsored content but are popular choices among our users. Tuition and costs will vary across programs and locations. Be sure to always request tuition information before starting a program.

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  • Strayer University

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