If understanding how market trends affect property values, an online Master's in Real Estate may be the program for you.
Real estate is the study of mortgage lending, development, brokerage and sales, valuation, and property management. Although a common job of real estate is to buy and sell homes, the field is much more than that.
Real estate brokers must have knowledge of basic economics and finance principles, as well as understand how the market works and changes over time. A Master's in Real Estate is ideal for experienced adults who want to buy, sell, and manage the property.
What type of master's in real estate should you get?
Generally, people can choose to get a master's specifically in real estate or pursue a regular master's of business administration with a concentration in real estate. While both programs give students an edge when it comes to experience and earning potential, those who study an MBA will have to take more classes that deal with business more generally. Therefore, these programs may have more required classes.
An online program may be ideal for working professionals. The majority of Master's in Real Estate degrees can be completed in two years or less. Students can also choose to take their time online, choosing either part or full-time. Overall, online degrees are more affordable than traditional on-campus ones, with many schools offering graduate aid or assistantships.
If you’re considering degrees outside of real estate, click here for College Choice’s Most Affordable Online Colleges for a Master’s Degree.
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How much money do people make with a master's in real estate?
According to Texas A&M, the starting salary for someone with a Master's in Real Estate is $59,000. However, starting salary can range from $40,000 to over $100,000 depending on state, experience, and company. According to PayScale, the average salary for those with an MBA specializing in Real Estate is $95,000.
In order to make more money, graduates should think about which area of real estate they want to go into and if they need any specific licenses or certificates. In general, those who work in cities tend to make more. In addition, applicants should research the average salary of agents in a particular company or association they may be interested in working for.
What can you do with a master's in real estate?
The majority of those who hold a Master's in Real Estate work in large cities, showing and investigating various properties. Some common job titles include property manager, real estate clerk, real estate agent, real estate appraiser, or real estate broker. Due to the busy nature of the job, people in this field regularly work more than 40 hours a week.
There are several career tracks within real estate, such as asset and portfolio management, development, or economic development and public policy. According to the US Bureau of Labor Statistics, real estate broker jobs are expected to experience a growth of 5 percent in the coming years, while a real estate asset manager is expected to grow 10 percent.
What are the requirements for a master's in real estate?
A bachelor’s degree from an accredited institution is required. Applicants do not have to hold an undergraduate degree in business or real estate. A minimum GPA of 3.0 or better on a 4.0 scale is also a requirement for many programs. Students should also submit their Graduate Management Admission Test or Graduate Record Exam scores. Applicants who have demonstrated significant business or related work experience may be able to waive this requirement.
During the Master's in Real Estate program, students will be able to take a variety of courses such as general business classes, finance, economics, and accounting. Many programs also offer internship opportunities so students can get hands-on experience before entering the field. Within the final year or semester of the program, students may also be required to complete a capstone project to summarize what they have learned.
What are the most affordable online master's in real estate?
College Choice has compiled the 5 most affordable online master's in real estate. These schools were ranked based on one overarching factor - the overall average cost of an entire degree.
Our data comes from the National Center for Education Statistics’ IPEDS database, which factors in expected fees and financial aid.
Top Affordable Online Master's in Real Estate
See our rankings methodology page.
Florida International University
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Looking for a flexible education that prepares you for the real estate field? Consider Florida International University’s online master's degree in international real estate. The public university connects 39,863 distance learners with a top online education, offering 36 bachelor's programs remotely.
The MS in international real estate gives students the tools they need for success in a future career in the real estate field. Enrollees benefit from many different types of classes, covering both foundational and advanced real estate topics. If applicable to their career goals, degree-seekers can participate in experiential learning opportunities to strengthen their knowledge of the industry. Industry-specific research projects, internships, and externships impart valuable knowledge to learners. Students can get help from their academic advisor and career counselor throughout the program.
To offset degree costs, eligible students can pursue external and internal funding opportunities, such as scholarships and fellowships. The school supports degree-seekers with financial assistance, providing aid to 90% of enrollees.
University of Arizona
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A public institution, the University of Arizona provides flexible learning opportunities to degree-seekers from all walks of life. From its main campus in Tucson, the Arizona school supports 18,590 remote learners nationwide, offering 24 bachelor's programs virtually. For individuals interested in a career in real estate or a related field, they should consider the top-ranking master of real estate development.
Upon enrolling, real estate students connect with premier faculty members and a supportive student body. Relevant coursework and projects completed in a virtual learning environment help degree-seekers advance their personal and professional goals. Learners can participate in internships, externships, and research projects led by faculty members. Program enrollees work with advisors to customize their academic experience by choosing electives and tailoring coursework to their individual needs and interests.
Since the cost of an education can be expensive, the university offers many different internal and external funding opportunities. Students who qualify benefit from fellowships, scholarships, and other types of financial assistance. The school reports that 91% of all enrollees receive some form of aid to offset educational expenses.
Florida State University
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A public institution, Florida State University provides flexible education opportunities to all kinds of degree-seekers. Many individuals planning for a career in real estate or a related field find the top-ranking MBA with a real estate specialization makes a great choice.
Distinguished faculty and a tight-knit learning community support students. The remote classroom environment lets degree-seekers complete coursework and projects relevant to their personal and professional goals. Internships, externships, and faculty-led research projects are some of the opportunities available to learners. It's possible for enrollees to mold the program to their needs and interests by working with a faculty advisor to create a customized plan of study and pick electives.
A variety of internal and external funding opportunities at the school help with an education's costs. Qualified students benefit from scholarships, fellowships, and other types of financial assistance. Of all the university's enrollees, 97% get some kind of financial aid to help lower educational expenses.
|Location||Washington, District of Columbia|
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People wanting a flexible remote education in real estate should check out the master of professional studies in real estate at Georgetown University. From its campus in the District of Columbia, the school provides institutional resources to benefit its online learners, such as a supportive remote community.
Interactive classes provide real estate students with industry knowledge. General education and advanced courses make up the master's in real estate curriculum, which also allows for modifying classes and choosing electives. Enrollees add to their education with experiential learning opportunities. Research, internships, and externships help provide a firsthand experience of working in the real estate field.
Applicants should discuss enrollment requirements with the admissions office. Learners can also meet with the financial aid office to explore eligibility requirements for funding opportunities, as 55% of all students receive some form of financial aid. Scholarships, fellowships, and other aid opportunities let eligible learners bring down the cost of their degree.
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