MBA Programs in Real Estate
Tuition, ROI, Graduate Salary, GMAT Requirements
10 Best Ranked | Interactive Table | Salaries | Tuition | ROI | GMAT | Alumni Networking | How We Rank
$59,013
Average Tuition – Real Estate MBA Programs
$97,601
Average Starting Salary – Real Estate MBA Programs
599
Average GMAT Scores – Real Estate MBA Programs
120%
Average ROI – Finance MBA Programs
Executive Summary for MBA Programs in Real Estate MBA Programs
The ranking team at MBAGuide.org, evaluated 78 Real Estate MBA programs. Here is a summary of our comprehensive findings. Explore the details about the Real Estate MBA, compare schools, find states and cities where the degree is offered.
- Comprehensive comparisons, data and analysis – MBAGuide conducted an in-depth analysis of 78 AACSB-accredited campus MBA programs in Real Estate to find the top programs in the country.
- Ranking metrics you care about – such as average starting salaries, tuition fees, return on investment (ROI), GMAT scores, alumni networks, student-to-faculty ratios, and more with no paywall.
- Detailed school profiles of Real Estate MBA programs their strengths, faculty expertise, alumni networks to help align your program choice
Best 10 MBA Programs in Real Estate
Interactive Table of the Best Ranked MBA Programs in Real Estate
Easily sort the interactive table below to find the best Real Estate MBA programs by Rank, School Name, ROI, Tuition, Average Starting Salary, and Campus or Online to find and to compare MBA programs in Real Estate. Click on any school for a comprehensive school profile.
| Rank | University | ROI | In State Tuition | Avg. Starting Salary | State | Online |
|---|---|---|---|---|---|---|
| 1 | Harvard University | 17.00% | $149,820 | $175,000 | MA | No |
| 2 | University of Wisconsin-Madison | 114.00% | $55,575 | $118,983 | WI | Yes |
| 3 | Northwestern University | 8.00% | $162,030 | $175,000 | IL | No |
| 4 | The University of North Carolina at Chapel Hill | 33.00% | $100,218 | $133,517 | NC | Yes |
| 5 | The University of Georgia | 294.00% | $30,606 | $120,510 | GA | Yes |
| 6 | University of South Carolina | 269.00% | $26,485 | $97,819 | SC | No |
| 7 | Emory University | -1.00% | $151,689 | $149,759 | GA | No |
| 8 | Columbia University | -8.00% | $176,600 | $162,099 | NY | No |
| 9 | Southern Methodist University | 27.00% | $96,788 | $122,609 | TX | Yes |
| 10 | Georgetown University | 11.00% | $124,814 | $138,552 | DC | Yes |
| 11 | University of California, Berkeley | 9.00% | $139,628 | $152,831 | CA | No |
| 12 | University of St. Thomas-Minnesota | 67.00% | $61,596 | $102,900 | MN | Yes |
| 13 | University of Florida | 343.00% | $26,473 | $117,197 | FL | Yes |
| 14 | The Pennsylvania State University | 87.00% | $61,236 | $114,483 | PA | Yes |
| 15 | University of Illinois at Chicago | 179.00% | $60,264 | $167,977 | IL | Yes |
| 16 | American University | 8.00% | $98,282 | $105,666 | DC | Yes |
| 17 | Vanderbilt University | 7.00% | $131,000 | $139,711 | TN | No |
| 18 | Texas A&M University | 86.00% | $62,000 | $115,585 | TX | No |
| 19 | Cornell University | -3.00% | $159,820 | $155,048 | NY | No |
| 20 | Arizona State University | 106.00% | $60,393 | $124,664 | AZ | Yes |
| 21 | University of California, Davis | 14.00% | $95,438 | $109,075 | CA | Yes |
| 22 | University of Utah | 77.00% | $65,700 | $116,348 | UT | Yes |
| 23 | Baruch College-The City University of New York | 218.00% | $37,338 | $118,633 | NY | Yes |
| 24 | Temple University | 60.00% | $60,000 | $95,989 | PA | Yes |
| 25 | University of Cincinnati | 263.00% | $23,996 | $87,013 | OH | Yes |
| 26 | Georgia State University | 156.00% | $36,522 | $93,600 | GA | Yes |
| 27 | The Ohio State University | 1.00% | $106,123 | $106,779 | OH | Yes |
| 28 | University of Colorado at Boulder | 67.00% | $55,997 | $93,401 | CO | Yes |
| 29 | The University of Memphis | 216.00% | $23,688 | $74,800 | TN | Yes |
| 30 | Villanova University | 95.00% | $60,000 | $116,800 | PA | Yes |
| 31 | University of Miami | 19.00% | $92,290 | $109,555 | FL | Yes |
| 32 | Middle Tennessee State University | 233.00% | $26,712 | $89,000 | TN | Yes |
| 33 | University of Nevada, Las Vegas | 331.00% | $21,784 | $93,820 | NV | Yes |
| 34 | University of Houston | 83.00% | $47,000 | $85,878 | TX | Yes |
| 35 | Johns Hopkins Carey Business School | -4.00% | $133,000 | $127,044 | MD | Yes |
| 36 | Miami University | -32.00% | $136,342 | $92,700 | OH | Yes |
| 37 | University of San Diego | 46.00% | $69,610 | $101,333 | CA | Yes |
| 38 | Syracuse University | -18.00% | $104,130 | $85,731 | NY | Yes |
| 39 | Iowa State University | 152.00% | $29,966 | $75,552 | IA | Yes |
| 40 | The University of Texas at Arlington | 250.00% | $22,504 | $78,800 | TX | Yes |
| 41 | University of Missouri-Kansas City | 256.00% | $21,618 | $76,900 | MO | No |
| 42 | Colorado State University | 122.00% | $42,480 | $94,300 | CO | Yes |
| 43 | Seaver College | -14.00% | $104,333 | $89,258 | CA | Yes |
| 44 | Drexel University | 47.00% | $59,241 | $87,061 | PA | Yes |
| 45 | University of Denver | 2.00% | $96,000 | $98,276 | CO | Yes |
| 46 | Portland State University | 54.00% | $50,984 | $78,264 | OR | Yes |
| 47 | University of Baltimore | 120.00% | $35,128 | $77,400 | MD | Yes |
| 48 | Chapman University | -22.00% | $97,750 | $76,368 | CA | No |
| 49 | Marquette University | 95.00% | $46,620 | $90,700 | WI | Yes |
| 50 | California State University, Los Angeles | 349.00% | $22,052 | $99,100 | CA | No |
| 51 | Auburn University | 183.00% | $27,385 | $77,633 | AL | Yes |
| 52 | University of Central Oklahoma | 588.00% | $9,068 | $62,400 | OK | Yes |
| 53 | Virginia Commonwealth University | 141.00% | $34,172 | $82,232 | VA | Yes |
| 54 | Central Michigan University | 246.00% | $27,300 | $94,350 | MI | Yes |
| 55 | University of Missouri | 86.00% | $45,000 | $83,500 | MO | Yes |
| 56 | University of North Carolina at Charlotte | 122.00% | $37,946 | $84,260 | NC | Yes |
| 57 | University of the District of Columbia | 225.00% | $30,765 | $100,000 | DC | No |
| 58 | Montclair State University | 167.00% | $34,669 | $92,400 | NJ | Yes |
| 59 | Old Dominion University | 140.00% | $31,564 | $75,800 | VA | Yes |
| 60 | Florida State University | 202.00% | $18,693 | $56,545 | FL | Yes |
| 61 | University of Nebraska at Omaha | 410.00% | $17,493 | $89,200 | NE | Yes |
| 62 | San Diego State University | 130.00% | $31,200 | $71,900 | CA | Yes |
| 63 | University of Connecticut | 130.00% | $44,100 | $101,501 | CT | Yes |
| 64 | University of Alabama at Birmingham | 363.00% | $16,200 | $75,000 | AL | Yes |
| 65 | California State University, Northridge | 151.00% | $30,897 | $77,400 | CA | No |
| 66 | DePaul University | 59.00% | $53,952 | $86,000 | IL | Yes |
| 67 | College of Charleston | 149.00% | $28,204 | $70,314 | SC | Yes |
| 68 | California State University, San Bernardino | 84.00% | $41,500 | $76,200 | CA | Yes |
| 69 | St. Cloud State University | 182.00% | $28,969 | $81,800 | MN | Yes |
| 70 | Nova Southeastern University | 105.00% | $44,351 | $90,756 | FL | Yes |
| 71 | The University of Mississippi | 135.00% | $25,914 | $60,977 | MS | Yes |
| 72 | University of Northern Iowa | 176.00% | $23,917 | $66,000 | IA | No |
| 73 | University of Central Florida | 93.00% | $39,000 | $75,200 | FL | No |
| 74 | The University of Texas at San Antonio | 218.00% | $24,512 | $78,000 | TX | Yes |
| 75 | University of North Texas | 39.00% | $52,268 | $72,545 | TX | Yes |
| 76 | Florida International University | 48.00% | $42,000 | $62,115 | FL | Yes |
| 77 | University of South Alabama | 242.00% | $14,400 | $49,200 | AL | Yes |
| 78 | Nichols College | 95.00% | $28,440 | $55,392 | MA | Yes |
| 79 | Coastal Carolina University | 184.00% | $18,460 | $52,500 | SC | Yes |
An MBA program in Real Estate will cost you between $9,068.00 to $176,600.00.
- Number of Programs Offering Real Estate MBAs: 78
- Average GMAT Score for Real Estate MBA Programs: 599
- Average In-State Tuition for Real Estate MBA Programs: $59,012.68
- Average Graduate Salary for Real Estate MBA Programs: $97,601
- Average ROI for Real Estate MBA Programs: 120%
Compare Real Estate MBA Program Averages vs Campus
| Averages | MBA Programs | Online MBA Programs |
|---|---|---|
| Number of Programs | 78 | 62 |
| Average Starting Salary | $97,601 | $92,328 |
| Average MBA Tuition | $59,013 | $51,380 |
| Average ROI | 120% | 126% |
| Average GMAT Scores | 599 | 589 |
| Average Full-Time MBA Faculty | 109 | 109 |
| Average MBA Student Faculty Ratio | 19:1 | 20:1 |
| Faculty with Doctorate | 84% | 84% |
| Average Full-Time MBA Enrollment | 429 | 429 |
| Average Part-Time MBA Enrollment | 322 | 349 |
| Average % of MBA Students from U.S. | 84% | 84% |
Read about our ranking methodology.
What is the Average MBA Salary for Real Estate Graduates?
Though it’s not the only factor, compensation is an important consideration for individuals considering obtaining an MBA degree. Salaries for graduates with master’s degrees in Real Estate can be significantly higher than those of graduates with only a bachelor’s degree. In addition, advance salary projections from the US Department of Labor show that average MBA salaries are expected to increase by 13.5% each year through the year 2028 with an annual need of 99,000 new managers needed each year.
MBA salaries differs wildly depending on the program you chose, the industry you enter and the experience you have. After earning an MBA from University of South Alabama, the average MBA graduate annual salary is $49,200 . A degree from Northwestern University, will provide an annual salary of $175,000.
Average MBA starting salary for graduates from accredited programs is $97,601 with the lowest of starting of $49,200 and the highest reported starting salary of $175,000.
Average Graduate Salaries for In-Person Real Estate MBA Programs
- Average Real Estate: $97,601
- Lowest Real Estate: $49,200
- Highest Real Estate: $175,000
10 Highest Salaries for In-Person MBA Graduates in Real Estate
- Northwestern University - $175,000.00
- Harvard University - $175,000.00
- University of Illinois at Chicago - $167,977.00
- Columbia University - $162,099.00
- Cornell University - $155,048.00
- University of California, Berkeley - $152,831.00
- Emory University - $149,759.00
- Vanderbilt University - $139,711.00
- Georgetown University - $138,552.00
- The University of North Carolina at Chapel Hill - $133,517.00
10 Lowest Salaries for In-Person MBA Graduates in Real Estate
- University of South Alabama - $49,200.00
- Coastal Carolina University - $52,500.00
- Nichols College - $55,392.00
- Florida State University - $56,545.00
- The University of Mississippi - $60,977.00
- Florida International University - $62,115.00
- University of Central Oklahoma - $62,400.00
- University of Northern Iowa - $66,000.00
- College of Charleston - $70,314.00
- San Diego State University - $71,900.00
Average Salary for Graduate of MBA Programs in Real Estate Programs – Interactive Table
Easily sort the interactive table below to find the best Real Estate MBA programs by Starting Salary, and Campus or Online to find and to compare MBA programs in Real Estate. Click on any school for a comprehensive school profile.
| Rank | University | Avg. Starting Salary | In State Tuition | ROI | State | Online |
|---|---|---|---|---|---|---|
| 1 | University of South Alabama | $49,200 | $14,400 | 242.00% | AL | Yes |
| 2 | Coastal Carolina University | $52,500 | $18,460 | 184.00% | SC | Yes |
| 3 | Nichols College | $55,392 | $28,440 | 95.00% | MA | Yes |
| 4 | Florida State University | $56,545 | $18,693 | 202.00% | FL | Yes |
| 5 | The University of Mississippi | $60,977 | $25,914 | 135.00% | MS | Yes |
| 6 | Florida International University | $62,115 | $42,000 | 48.00% | FL | Yes |
| 7 | University of Central Oklahoma | $62,400 | $9,068 | 588.00% | OK | Yes |
| 8 | University of Northern Iowa | $66,000 | $23,917 | 176.00% | IA | No |
| 9 | College of Charleston | $70,314 | $28,204 | 149.00% | SC | Yes |
| 10 | San Diego State University | $71,900 | $31,200 | 130.00% | CA | Yes |
| 11 | University of North Texas | $72,545 | $52,268 | 39.00% | TX | Yes |
| 12 | The University of Memphis | $74,800 | $23,688 | 216.00% | TN | Yes |
| 13 | University of Alabama at Birmingham | $75,000 | $16,200 | 363.00% | AL | Yes |
| 14 | University of Central Florida | $75,200 | $39,000 | 93.00% | FL | No |
| 15 | Iowa State University | $75,552 | $29,966 | 152.00% | IA | Yes |
| 16 | Old Dominion University | $75,800 | $31,564 | 140.00% | VA | Yes |
| 17 | California State University, San Bernardino | $76,200 | $41,500 | 84.00% | CA | Yes |
| 18 | Chapman University | $76,368 | $97,750 | -22.00% | CA | No |
| 19 | University of Missouri-Kansas City | $76,900 | $21,618 | 256.00% | MO | No |
| 20 | California State University, Northridge | $77,400 | $30,897 | 151.00% | CA | No |
| 20 | University of Baltimore | $77,400 | $35,128 | 120.00% | MD | Yes |
| 22 | Auburn University | $77,633 | $27,385 | 183.00% | AL | Yes |
| 23 | The University of Texas at San Antonio | $78,000 | $24,512 | 218.00% | TX | Yes |
| 24 | Portland State University | $78,264 | $50,984 | 54.00% | OR | Yes |
| 25 | The University of Texas at Arlington | $78,800 | $22,504 | 250.00% | TX | Yes |
| 26 | St. Cloud State University | $81,800 | $28,969 | 182.00% | MN | Yes |
| 27 | Virginia Commonwealth University | $82,232 | $34,172 | 141.00% | VA | Yes |
| 28 | University of Missouri | $83,500 | $45,000 | 86.00% | MO | Yes |
| 29 | University of North Carolina at Charlotte | $84,260 | $37,946 | 122.00% | NC | Yes |
| 30 | Syracuse University | $85,731 | $104,130 | -18.00% | NY | Yes |
| 31 | University of Houston | $85,878 | $47,000 | 83.00% | TX | Yes |
| 32 | DePaul University | $86,000 | $53,952 | 59.00% | IL | Yes |
| 33 | University of Cincinnati | $87,013 | $23,996 | 263.00% | OH | Yes |
| 34 | Drexel University | $87,061 | $59,241 | 47.00% | PA | Yes |
| 35 | Middle Tennessee State University | $89,000 | $26,712 | 233.00% | TN | Yes |
| 36 | University of Nebraska at Omaha | $89,200 | $17,493 | 410.00% | NE | Yes |
| 37 | Seaver College | $89,258 | $104,333 | -14.00% | CA | Yes |
| 38 | Marquette University | $90,700 | $46,620 | 95.00% | WI | Yes |
| 39 | Nova Southeastern University | $90,756 | $44,351 | 105.00% | FL | Yes |
| 40 | Montclair State University | $92,400 | $34,669 | 167.00% | NJ | Yes |
| 41 | Miami University | $92,700 | $136,342 | -32.00% | OH | Yes |
| 42 | University of Colorado at Boulder | $93,401 | $55,997 | 67.00% | CO | Yes |
| 43 | Georgia State University | $93,600 | $36,522 | 156.00% | GA | Yes |
| 44 | University of Nevada, Las Vegas | $93,820 | $21,784 | 331.00% | NV | Yes |
| 45 | Colorado State University | $94,300 | $42,480 | 122.00% | CO | Yes |
| 46 | Central Michigan University | $94,350 | $27,300 | 246.00% | MI | Yes |
| 47 | Temple University | $95,989 | $60,000 | 60.00% | PA | Yes |
| 48 | University of South Carolina | $97,819 | $26,485 | 269.00% | SC | No |
| 49 | University of Denver | $98,276 | $96,000 | 2.00% | CO | Yes |
| 50 | California State University, Los Angeles | $99,100 | $22,052 | 349.00% | CA | No |
What is the Average In-Person MBA Tuition for Real Estate Programs?
If you plan on attending an MBA program, it’s best to start thinking about fiscal responsibility. A prospective B-Student needs to weigh their tuition options. An AACSB-accredited MBA program can pave the way for a great starting salary or career advancement. An MBA program can provide the flexibility of completing a program while being employed in your respective career.
The average in-state tuition for an MBA in Real Estate is $59,012.68 compared to an average campus program Real Estate is $59,012.68 .
The lowest AACSB tuition rate at $9,068.00 from University of Central Oklahoma.
The highest AACSB tuition rate is $176,600.00 from Columbia University.
Average Tuition for In-Person MBA Programs in Real Estate
- Average: $59,012.68
- Lowest: $9,068.00 from University of Central Oklahoma
- Highest: $176,600.00 from Columbia University
10 Most Affordable MBA Programs in Real Estate
- University of Central Oklahoma - $9,068.00
- University of South Alabama - $14,400.00
- University of Alabama at Birmingham - $16,200.00
- University of Nebraska at Omaha - $17,493.00
- Coastal Carolina University - $18,460.00
- Florida State University - $18,693.00
- University of Missouri-Kansas City - $21,618.00
- University of Nevada, Las Vegas - $21,784.00
- California State University, Los Angeles - $22,052.00
- The University of Texas at Arlington - $22,504.00
10 Most Expensive MBA Programs in Real Estate
- Columbia University - $176,600.00
- Northwestern University - $162,030.00
- Cornell University - $159,820.00
- Emory University - $151,689.00
- Harvard University - $149,820.00
- University of California, Berkeley - $139,628.00
- Miami University - $136,342.00
- Johns Hopkins Carey Business School - $133,000.00
- Vanderbilt University - $131,000.00
- Georgetown University - $124,814.00
Interactive Table – Tuition for MBA Programs in Real Estate Programs
Easily sort the interactive table below to find the best Real Estate MBA programs by Tuition to find and to compare MBA programs in Real Estate. Click on any school for a comprehensive school profile.
| Rank | University | In State Tuition | Avg. Starting Salary | ROI | State | Online |
|---|---|---|---|---|---|---|
| 1 | University of Central Oklahoma | $9,068 | $62,400 | 588.00% | OK | Yes |
| 2 | University of South Alabama | $14,400 | $49,200 | 242.00% | AL | Yes |
| 3 | University of Alabama at Birmingham | $16,200 | $75,000 | 363.00% | AL | Yes |
| 4 | University of Nebraska at Omaha | $17,493 | $89,200 | 410.00% | NE | Yes |
| 5 | Coastal Carolina University | $18,460 | $52,500 | 184.00% | SC | Yes |
| 6 | Florida State University | $18,693 | $56,545 | 202.00% | FL | Yes |
| 7 | University of Missouri-Kansas City | $21,618 | $76,900 | 256.00% | MO | No |
| 8 | University of Nevada, Las Vegas | $21,784 | $93,820 | 331.00% | NV | Yes |
| 9 | California State University, Los Angeles | $22,052 | $99,100 | 349.00% | CA | No |
| 10 | The University of Texas at Arlington | $22,504 | $78,800 | 250.00% | TX | Yes |
| 11 | The University of Memphis | $23,688 | $74,800 | 216.00% | TN | Yes |
| 12 | University of Northern Iowa | $23,917 | $66,000 | 176.00% | IA | No |
| 13 | University of Cincinnati | $23,996 | $87,013 | 263.00% | OH | Yes |
| 14 | The University of Texas at San Antonio | $24,512 | $78,000 | 218.00% | TX | Yes |
| 15 | The University of Mississippi | $25,914 | $60,977 | 135.00% | MS | Yes |
| 16 | University of Florida | $26,473 | $117,197 | 343.00% | FL | Yes |
| 17 | University of South Carolina | $26,485 | $97,819 | 269.00% | SC | No |
| 18 | Middle Tennessee State University | $26,712 | $89,000 | 233.00% | TN | Yes |
| 19 | Central Michigan University | $27,300 | $94,350 | 246.00% | MI | Yes |
| 20 | Auburn University | $27,385 | $77,633 | 183.00% | AL | Yes |
| 21 | College of Charleston | $28,204 | $70,314 | 149.00% | SC | Yes |
| 22 | Nichols College | $28,440 | $55,392 | 95.00% | MA | Yes |
| 23 | St. Cloud State University | $28,969 | $81,800 | 182.00% | MN | Yes |
| 24 | Iowa State University | $29,966 | $75,552 | 152.00% | IA | Yes |
| 25 | The University of Georgia | $30,606 | $120,510 | 294.00% | GA | Yes |
| 26 | University of the District of Columbia | $30,765 | $100,000 | 225.00% | DC | No |
| 27 | California State University, Northridge | $30,897 | $77,400 | 151.00% | CA | No |
| 28 | San Diego State University | $31,200 | $71,900 | 130.00% | CA | Yes |
| 29 | Old Dominion University | $31,564 | $75,800 | 140.00% | VA | Yes |
| 30 | Virginia Commonwealth University | $34,172 | $82,232 | 141.00% | VA | Yes |
| 31 | Montclair State University | $34,669 | $92,400 | 167.00% | NJ | Yes |
| 32 | University of Baltimore | $35,128 | $77,400 | 120.00% | MD | Yes |
| 33 | Georgia State University | $36,522 | $93,600 | 156.00% | GA | Yes |
| 34 | Baruch College-The City University of New York | $37,338 | $118,633 | 218.00% | NY | Yes |
| 35 | University of North Carolina at Charlotte | $37,946 | $84,260 | 122.00% | NC | Yes |
| 36 | University of Central Florida | $39,000 | $75,200 | 93.00% | FL | No |
| 37 | California State University, San Bernardino | $41,500 | $76,200 | 84.00% | CA | Yes |
| 38 | Florida International University | $42,000 | $62,115 | 48.00% | FL | Yes |
| 39 | Colorado State University | $42,480 | $94,300 | 122.00% | CO | Yes |
| 40 | University of Connecticut | $44,100 | $101,501 | 130.00% | CT | Yes |
| 41 | Nova Southeastern University | $44,351 | $90,756 | 105.00% | FL | Yes |
| 42 | University of Missouri | $45,000 | $83,500 | 86.00% | MO | Yes |
| 43 | Marquette University | $46,620 | $90,700 | 95.00% | WI | Yes |
| 44 | University of Houston | $47,000 | $85,878 | 83.00% | TX | Yes |
| 45 | Portland State University | $50,984 | $78,264 | 54.00% | OR | Yes |
| 46 | University of North Texas | $52,268 | $72,545 | 39.00% | TX | Yes |
| 47 | DePaul University | $53,952 | $86,000 | 59.00% | IL | Yes |
| 48 | University of Wisconsin-Madison | $55,575 | $118,983 | 114.00% | WI | Yes |
| 49 | University of Colorado at Boulder | $55,997 | $93,401 | 67.00% | CO | Yes |
| 50 | Drexel University | $59,241 | $87,061 | 47.00% | PA | Yes |
What is the Average ROI for MBA Programs in Real Estate?
Choosing an MBA program requires more than a glance at the school’s reputation or curriculum. The return on investment (ROI) should take center stage in your evaluation. This measurement reveals the potential value derived from your tuition investment, putting key factors such as starting salary and career progression under the microscope.
By scrutinizing the ROI, you’re not just making a decision—you’re making an informed one. This approach will ensure the selection of an MBA program that provides the most bang for your buck. Checking the ROI might not be an afterthought; it could be the game-changer in your MBA journey.
For MBA programs in across the U.S., the ROI ranges from -32% to 410%.The lowest MBA ROI of -32% is from the program at Miami University.The highest MBA ROI of 410% is offered by University of Central Oklahoma.On average, MBA programs across the U.S. have an ROI of 186%.
Interactive Table – ROI for MBA Programs in Real Estate Programs
Easily sort the interactive table below to find the best Real Estate MBA programs by ROI to find and to compare MBA programs in Real Estate. Click on any school for a comprehensive school profile.
| Rank | University | ROI | In State Tuition | Avg. Starting Salary | State | Online |
|---|---|---|---|---|---|---|
| 1 | University of Central Oklahoma | 588.00% | $9,068 | $62,400 | OK | Yes |
| 2 | University of Nebraska at Omaha | 410.00% | $17,493 | $89,200 | NE | Yes |
| 3 | University of Alabama at Birmingham | 363.00% | $16,200 | $75,000 | AL | Yes |
| 4 | California State University, Los Angeles | 349.00% | $22,052 | $99,100 | CA | No |
| 5 | University of Florida | 343.00% | $26,473 | $117,197 | FL | Yes |
| 6 | University of Nevada, Las Vegas | 331.00% | $21,784 | $93,820 | NV | Yes |
| 7 | The University of Georgia | 294.00% | $30,606 | $120,510 | GA | Yes |
| 8 | University of South Carolina | 269.00% | $26,485 | $97,819 | SC | No |
| 9 | University of Cincinnati | 263.00% | $23,996 | $87,013 | OH | Yes |
| 10 | University of Missouri-Kansas City | 256.00% | $21,618 | $76,900 | MO | No |
| 11 | The University of Texas at Arlington | 250.00% | $22,504 | $78,800 | TX | Yes |
| 12 | Central Michigan University | 246.00% | $27,300 | $94,350 | MI | Yes |
| 13 | University of South Alabama | 242.00% | $14,400 | $49,200 | AL | Yes |
| 14 | Middle Tennessee State University | 233.00% | $26,712 | $89,000 | TN | Yes |
| 15 | University of the District of Columbia | 225.00% | $30,765 | $100,000 | DC | No |
| 16 | Baruch College-The City University of New York | 218.00% | $37,338 | $118,633 | NY | Yes |
| 16 | The University of Texas at San Antonio | 218.00% | $24,512 | $78,000 | TX | Yes |
| 18 | The University of Memphis | 216.00% | $23,688 | $74,800 | TN | Yes |
| 19 | Florida State University | 202.00% | $18,693 | $56,545 | FL | Yes |
| 20 | Coastal Carolina University | 184.00% | $18,460 | $52,500 | SC | Yes |
| 21 | Auburn University | 183.00% | $27,385 | $77,633 | AL | Yes |
| 22 | St. Cloud State University | 182.00% | $28,969 | $81,800 | MN | Yes |
| 23 | University of Illinois at Chicago | 179.00% | $60,264 | $167,977 | IL | Yes |
| 24 | University of Northern Iowa | 176.00% | $23,917 | $66,000 | IA | No |
| 25 | Montclair State University | 167.00% | $34,669 | $92,400 | NJ | Yes |
| 26 | Georgia State University | 156.00% | $36,522 | $93,600 | GA | Yes |
| 27 | Iowa State University | 152.00% | $29,966 | $75,552 | IA | Yes |
| 28 | California State University, Northridge | 151.00% | $30,897 | $77,400 | CA | No |
| 29 | College of Charleston | 149.00% | $28,204 | $70,314 | SC | Yes |
| 30 | Virginia Commonwealth University | 141.00% | $34,172 | $82,232 | VA | Yes |
| 31 | Old Dominion University | 140.00% | $31,564 | $75,800 | VA | Yes |
| 32 | The University of Mississippi | 135.00% | $25,914 | $60,977 | MS | Yes |
| 33 | San Diego State University | 130.00% | $31,200 | $71,900 | CA | Yes |
| 33 | University of Connecticut | 130.00% | $44,100 | $101,501 | CT | Yes |
| 35 | Colorado State University | 122.00% | $42,480 | $94,300 | CO | Yes |
| 35 | University of North Carolina at Charlotte | 122.00% | $37,946 | $84,260 | NC | Yes |
| 37 | University of Baltimore | 120.00% | $35,128 | $77,400 | MD | Yes |
| 38 | University of Wisconsin-Madison | 114.00% | $55,575 | $118,983 | WI | Yes |
| 39 | Arizona State University | 106.00% | $60,393 | $124,664 | AZ | Yes |
| 40 | Nova Southeastern University | 105.00% | $44,351 | $90,756 | FL | Yes |
| 41 | Nichols College | 95.00% | $28,440 | $55,392 | MA | Yes |
| 41 | Marquette University | 95.00% | $46,620 | $90,700 | WI | Yes |
| 42 | Villanova University | 95.00% | $60,000 | $116,800 | PA | Yes |
| 44 | University of Central Florida | 93.00% | $39,000 | $75,200 | FL | No |
| 45 | The Pennsylvania State University | 87.00% | $61,236 | $114,483 | PA | Yes |
| 46 | University of Missouri | 86.00% | $45,000 | $83,500 | MO | Yes |
| 46 | Texas A&M University | 86.00% | $62,000 | $115,585 | TX | No |
| 48 | California State University, San Bernardino | 84.00% | $41,500 | $76,200 | CA | Yes |
| 49 | University of Houston | 83.00% | $47,000 | $85,878 | TX | Yes |
| 50 | University of Utah | 77.00% | $65,700 | $116,348 | UT | Yes |
| 51 | University of St. Thomas-Minnesota | 67.00% | $61,596 | $102,900 | MN | Yes |
| 51 | University of Colorado at Boulder | 67.00% | $55,997 | $93,401 | CO | Yes |
| 53 | Temple University | 60.00% | $60,000 | $95,989 | PA | Yes |
| 54 | DePaul University | 59.00% | $53,952 | $86,000 | IL | Yes |
| 55 | Portland State University | 54.00% | $50,984 | $78,264 | OR | Yes |
| 56 | Florida International University | 48.00% | $42,000 | $62,115 | FL | Yes |
| 57 | Drexel University | 47.00% | $59,241 | $87,061 | PA | Yes |
| 58 | University of San Diego | 46.00% | $69,610 | $101,333 | CA | Yes |
| 59 | University of North Texas | 39.00% | $52,268 | $72,545 | TX | Yes |
| 60 | The University of North Carolina at Chapel Hill | 33.00% | $100,218 | $133,517 | NC | Yes |
| 61 | Southern Methodist University | 27.00% | $96,788 | $122,609 | TX | Yes |
| 62 | University of Miami | 19.00% | $92,290 | $109,555 | FL | Yes |
| 63 | Harvard University | 17.00% | $149,820 | $175,000 | MA | No |
| 64 | University of California, Davis | 14.00% | $95,438 | $109,075 | CA | Yes |
| 65 | Georgetown University | 11.00% | $124,814 | $138,552 | DC | Yes |
| 66 | University of California, Berkeley | 9.00% | $139,628 | $152,831 | CA | No |
| 67 | American University | 8.00% | $98,282 | $105,666 | DC | Yes |
| 67 | Northwestern University | 8.00% | $162,030 | $175,000 | IL | No |
| 69 | Vanderbilt University | 7.00% | $131,000 | $139,711 | TN | No |
| 70 | University of Denver | 2.00% | $96,000 | $98,276 | CO | Yes |
| 71 | The Ohio State University | 1.00% | $106,123 | $106,779 | OH | Yes |
ROI for MBA Programs
- Average: 186%
- Lowest: -32%
- Highest: 410%
10 Highest ROI for MBA Programs in Real Estate
- University of Central Oklahoma - 588.00%
- University of Nebraska at Omaha - 410.00%
- University of Alabama at Birmingham - 363.00%
- California State University, Los Angeles - 349.00%
- University of Florida - 343.00%
- University of Nevada, Las Vegas - 331.00%
- The University of Georgia - 294.00%
- University of South Carolina - 269.00%
- University of Cincinnati - 263.00%
- University of Missouri-Kansas City - 256.00%
10 Lowest ROI for MBA Programs in Real Estate
- The Ohio State University - 1.00%
- University of Denver - 2.00%
- Vanderbilt University - 7.00%
- American University - 8.00%
- Northwestern University - 8.00%
- University of California, Berkeley - 9.00%
- Georgetown University - 11.00%
- University of California, Davis - 14.00%
- Harvard University - 17.00%
- University of Miami - 19.00%
What is the Average GMAT Score Needed for an MBA Program in Real Estate?
The Graduate Management Admission Test (GMAT) is a standardized examination used by MBA schools to assess their applicant pool. The test is strategically designed to measure an applicant’s analytical, verbal, writing and mathematical skills. The GMAT is used as a predictor of success in MBA programs and tests one’s ability to successfully handle the advanced quantitative and qualitative study of business and management.
Even though some B-Schools may not require a GMAT Scores, there’s a good chance that a highly-competitive MBA program does require the GMAT. With that being said, average GMAT Scores for in-person MBA programs in Real Estate is 599 with a highest of 732 and the lowest of 442
The average GMAT score needed for a Real Estate MBA program from an institution is between 442 from University of North Texas to 732 from Columbia University. The average GMAT scores for Real Estate MBA programs is 599.
It’s important to note that not all MBA programs require a GMAT Score for admissions, but most reputable programs do. With that being said, if you have your eye on a list of competitive programs, it’s best to boost your GMAT Score accordingly. Outside of a solid GMAT Score, B-School admissions departments look at a candidate’s undergraduate GPA, professional experience, letters of recommendation, CV, and personal statement. A strong undergraduate performance may offset a sub-part GMAT Score. The average GMAT Score for on-campus MBA programs in Real Estate is a 599.03 compared to an average MBA program score of 599.03. It is recommended that each B-School applicant take a GMAT diagnostic test in order to determine whether or not further study and/or a prep course is needed to boost your score.
Average GMAT Score for MBA Programs in Real Estate
- Average: 599
- Lowest: 442
- Highest: 732
10 Lowest GMAT for MBA Programs in Real Estate
- University of North Texas - 442
- Florida International University - 448
- Nova Southeastern University - 450
- Nichols College - 450
- The University of Texas at San Antonio - 450
- DePaul University - 455
- Coastal Carolina University - 482
- University of Northern Iowa - 490
- University of Nebraska at Omaha - 500
- University of Central Florida - 507
10 Highest GMAT for MBA Programs in Real Estate
- Columbia University - 732
- Harvard University - 730
- Northwestern University - 729
- University of California, Berkeley - 729
- Emory University - 709
- Cornell University - 707
- The University of North Carolina at Chapel Hill - 706
- Georgetown University - 697
- Southern Methodist University - 694
- University of Florida - 690
No GMAT or GRE: Best MBA Programs in Real Estate
More than 233 AACSB accredited MBA programs do not require their applicants to take GMAT exam. Many well-known programs such as the University of Michigan and the University of California, Los Angeles no longer require the exam. If you are unsure where you would like to take your program, then you should take the GMAT sooner rather than later so you don’t lose time meeting the score requirement of a program.
Alumni from Schools Offering an MBA in Real Estate
There are pros and cons when considering the size of your MBA in Accounting program. Larger, more diverse student populations, may lend itself to greater networking and job placement opportunities; whereas smaller programs may provide for more meaningful interactions with fellow classmates.
The importance of networking, whether it’s by way of campus job fairs, student organization members, or faculty mentorship, should not be understated when considering an MBA program. The average MBA enrollment size has a direct impact on your studies, your job prospects, your ability to define your career goals and after graduation connections.
Every B-School has a strategy behind their enrollment sizes. If a prospective B-Student is looking for networking opportunities, wants to attend job fairs, and plans on joining student organizations, B-School enrollment size plays an important role in the decision making process. For the B-Student interested in the smaller cohort-style classroom experience and thrive with face-to-face collaboration with their professors, a manageable enrollment size is the preferred option.
For Real Estate MBA programs, the range for full-time enrollment is between 6 and 1,679. For part-time enrollment, the range is between : 2.00 and : 1,869.00.
Average Enrollment for MBA Programs Offering an MBA in Real Estate
- Lowest: 6 from DePaul University
- Highest: 1,679 from University of North Texas
- Average: 429 from 78 MBA Programs.
10 MBA Programs with the Highest Enrollment (Alumni)
- University of North Texas - 1,679
- Arizona State University - 1,328
- Baruch College-The City University of New York - 1,279
- Cornell University - 1,188
- University of Florida - 1,174
- University of Utah - 1,162
- Johns Hopkins Carey Business School - 1,123
- Texas A&M University - 1,113
- Central Michigan University - 999
- Georgia State University - 998
10 MBA Programs with the Smallest Enrollment (Alumni)
- DePaul University - 6
- University of the District of Columbia - 29
- San Diego State University - 33
- Old Dominion University - 42
- University of Northern Iowa - 59
- Virginia Commonwealth University - 61
- Florida International University - 63
- Nichols College - 65
- University of Baltimore - 68
- Coastal Carolina University - 75
Student / Faculty Ratio for MBA Programs in Real Estate
For most students, their professors are the first exposure to the business world. They are normally practitioners in the field and have successful risen to the top of their respective careers. B-School Real Estate Professors can guide you toward a specific concentration, provide the latest industry trends, and put you on the right track, career-wise. The Student/Faculty ratio is important to those interested in building a lasting relationship with their professor. To use them as a networking opportunity and an advisor.
Top 10 Concentrations Available from Schools Also Offering an Degree in Real Estate?
Highly competitive B-Schools recruit part-time and full-time professors that are both academic and industry influencers. They are the subject matter experts in their respective concentrations. To meet the diverse needs of Real Estate businesses, MBA programs here have risen to the challenge by offering you an array of more than 47 MBA concentrations including:
- Real Estate: 80
- Marketing: 76
- Finance: 76
- General Business: 74
- Accounting: 73
- Management: 73
- Corporate Finance: 68
- Data Analytics: 63
- Information Systems: 62
- Entrepreneurship: 52
Here are the top schools offering the widest variety of concentrations to choose from:
- David B. O’Maley College of Business: 30
- Nova Southeastern University: 25
- University of Cincinnati: 24
- Suffolk University: 23
- Harvard University: 23
- Temple University: 23
- Drexel University: 23
- University of Baltimore: 22
- University of California, Berkeley: 22
- The Ohio State University: 22
The Importance of MBA Accreditation for MBA Programs
The importance of accreditation can’t be underestimated. For many, knowing your school is accredited by the AACSB and regionally accredited by the US Department of Education is enough assurance that you will receive a quality education, where credits are more likely to transfer, and you will be qualified for loans, grants, and scholarships.
AACSB accreditation is considered to be the gold standard in business school credentialing. Established to promote high-quality business education in the U.S., AACSB members developed a stringent accreditation process. Members are held accountable for following an established business education framework set forth by the AACSB. With that comes MBA degrees conferrals that are widely recognized by Fortune 500 companies. This results in lucrative job opportunities.
MBA Program Options Available for Real Estate MBA Programs
Options for earning your Real Estate MBA have never been more flexible. Real Estate MBA programs have become adept at offering effective alternatives for you to earn your MBA, no matter your life situation or schedule.
There are 78 Real Estate accredited MBA programs. 3 private and 56 public schools offering Real Estate MBA programs.
Number of Award Earned for MBA Programs Offering an Real Estate Degree
The ranking of MBA programs is certainly not an exact science and plenty of subjective reasoning and biases come into play. We offer insights into ranking as another way to evaluate a potential MBA program.
Of the 78 accredited MBA programs offered in Real Estate, 75 of them have been recognized by at least one distinguished publication MBAGuide, PQ, US News, Forbes, BW, Economist and FT garnering an award as one of the best MBA programs in the country.
- University of California, Berkeley: 7
- Harvard University: 7
- Arizona State University: 7
- Vanderbilt University: 7
- The Pennsylvania State University: 7
- Emory University: 7
- Cornell University: 7
- Georgetown University: 7
- University of Wisconsin-Madison: 7
- Northwestern University: 7
- The Ohio State University: 7
- Columbia University: 7
- The University of North Carolina at Chapel Hill: 7
- University of Miami: 6
- The University of Georgia: 6
- Temple University: 6
- Southern Methodist University: 6
- Colorado State University: 5
- University of Missouri: 5
- Texas A&M University: 5
Publications and the number of awards granted for an MBA degree in Real Estate :
- MBAGuide: 75
- US News: 33
- Forbes: 26
- BW: 27
- Economist: 18
- FT: 15
How We Rank the Best MBA Programs in Real Estate
MBAGuide.org employs a comprehensive ranking methodology that combines quantitative data (80% of the score) with qualitative assessments (20%) to evaluate MBA programs. The quantitative component considers factors such as student-faculty ratio, tuition, enrollment, and post-graduation salaries, while the qualitative aspect incorporates editorial ratings and school reputation, providing a well-rounded view of each program’s quality and value.
Best MBA Programs by Concentration: Online and In-Person
- Accounting – Online | In-Person
- Actuarial Science – Online | In-Person
- Arts – Online | In-Person
- Business Administration – Online | In-Person
- Communications – Online | In-Person
- Consulting – Online | In-Person
- Corporate Finance – Online | In-Person
- Cybersecurity – Online | In-Person
- Data Analytics – Online | In-Person
- E-Commerce – Online | In-Person
- Economics – Online | In-Person
- Education – Online | In-Person
- Energy – Online | In-Person
- Engineering – Online | In-Person
- Entrepreneurship – Online | In-Person
- Ethics – Online | In-Person
- Finance – Online | In-Person
- Financial Management – Online | In-Person
- Global Management – Online | In-Person
- Healthcare Administration – Online | In-Person
- Hospitality Management – Online | In-Person
- Human Resources – Online | In-Person
- Information Systems – Online | In-Person
- Innovation Management – Online | In-Person
- Insurance – Online | In-Person
- International Business – Online | In-Person
- Law – JD MBA – Online | In-Person
- Leadership – Online | In-Person
- Management – Online | In-Person
- Manufacturing – Online | In-Person
- Marketing – Online | In-Person
- Non-Profit Management – Online | In-Person
- Operations Management – Online | In-Person
- Organizational Behavior – Online | In-Person
- Product Management – Online | In-Person
- Project Management – Online | In-Person
- Public Administration – Online | In-Person
- Quantitative Methods – Online | In-Person
- Real Estate – Online | In-Person
- Sports Management – Online | In-Person
- Statistics – Online | In-Person
- Supply Chain Management – Online | In-Person
- Sustainability Management – Online | In-Person
- Taxation – Online | In-Person
- Technology Management – Online | In-Person
What is an MBA in Real Estate?
The MBA in Real Estate is a specialized concentration that builds upon an MBA program’s business fundamental courses. Students interested in a real estate career learn about brokerage management, real estate investing, development, commercial real estate, and entrepreneurship. While the required courses focus on real estate development, the electives allow students to explore a variety of issues related to real estate finance, management, and policy. These include real estate economics, urban fiscal policy, real estate law, primary and secondary housing markets, real estate investment trusts (REITs), HUD, and the relationship between government policy, private development and international real estate markets.
The real estate industry is an exciting field with plenty of career paths. To keep students informed of current trends in Real Estate, an MBA program provides a concentrated study on residential, commercial, and secondary real estate markets. Whether you want to enter the field of commercial real estate appraisals or specialize in real estate finance, an MBA in Real Estate will be a highly respected credential in the industry.
An MBA in Real Estate gives students an opportunity to expand their entrepreneurial skills while focusing on real estate finance and investment management. Since real estate is both a physical and a financial product, transactions take place in local space as well as global asset markets. The traditional MBA in Real Estate program strikes the perfect balance between quantitative analysis and the qualitative case study method of instruction. From managing a real estate brokerage firm to understanding the secondary mortgage marketplace, an MBA in Real Estate graduate will be well-versed in all facets of the industry.
Difference Between an MBA in Real Estate and a Master’s in Real Estate
An MBA in Real Estate provides a broader business education with a specialization in real estate, while an MRE offers a more focused, in-depth study of real estate concepts and practices. The MBA curriculum typically includes core business courses like finance, accounting, and management, with real estate electives. An MRE program dedicates most of its coursework to real estate-specific topics such as real estate finance, development, and market analysis.
Career outcomes and networking opportunities also differ. MBA graduates often have more diverse career options across various industries, while MRE graduates are typically more specialized for roles within the real estate sector. The MBA network tends to be broader, spanning multiple industries, whereas the MRE network is more concentrated within real estate, potentially offering deeper connections in the field. Additionally, MBA programs often require more work experience for admission, while MRE programs may accept candidates with less professional experience but a stronger focus on real estate.
What are the Typical Classes for an MBA in Real Estate?
- Real Estate Entrepreneur. MBA students are introduced to the broad entrepreneurial aspects of creating and executing real estate investments. The course consists of lectures by the professor, case discussions and guest lectures by leading entrepreneurs. The course emphasizes real estate entrepreneurship, leadership and challenges often encountered in creating successful real estate investments rather than development processes.
- Real Estate Investments. This course provides an introduction to real estate with a focus on investment and financing issues. Project evaluation, financing strategies, investment decision making and capital markets are covered. No prior knowledge of the industry is required, but students are expected to rapidly acquire a working knowledge of real estate markets. The course contains cases that help students evaluate the impact of more complex financing and capital markets tools used in real estate.
- Real Estate Law. This course examines the fundamentals of real estate finance and development from a legal perspective. The course serves as a foundation course for real estate majors and provides an introduction to real estate for other students. It attempts to develop skills in using legal concepts in a real estate transactional setting. The course will be of interest to students contemplating careers in accounting, real estate development, real estate finance, city planning, or banking.
- Urban Real Estate Economics. Urban Real Estate Economics uses economic concepts to analyze real estate markets, values, and trends. The course focuses on market dynamics in the U.S. and internationally, with an emphasis on how urban growth and local and federal government policies impact urban development and real estate pricing.
- Advanced Financial Management. Examines the problems faced by the corporate financial manager on the theoretical, analytical, and applied levels. The impact of the financing decision upon the value of the firm is analyzed. Theoretical and analytical aspects of the capital budgeting decision are examined in detail with emphasis on methods of incorporating risk into the capital budgeting decision. An analytical framework is presented to evaluate leasing, bond refunding, and mergers and acquisitions. Theories of corporate governance are discussed.
- Real Estate Development. This course provides an introduction and overview of real estate development of urban places, including the many challenges of the development process such as analyzing market sectors and development opportunities, comprehending the development context of regulation, public policy and politics, raising investment capital, assembling land, program formulation, building types, construction management, marketing, and sales. Examples of development projects will be presented, each focusing on particular aspects of the overall process.
- Real Estate Appraisal. This course surveys the principles and tools of appraising various types of real estate, as well as an analysis of value, price, property, and legal rights. Topics include principles of valuation; the real estate market; the relationship between real estate values and economic, social, and government trends; economics of urbanization, including location, value, and highest and best use; neighborhood analysis and approaches to cost, market data, and income valuation.
Career Outlook, Job Opportunities, Roles, Industries for a Real Estate MBA
While an MBA in Real Estate may not offer the highest starting salaries compared to some other specializations, it provides a solid foundation for long-term career growth and potentially significant earnings through deal participation. The field offers a good balance of financial rewards, work-life balance, and the opportunity to make a tangible impact on communities.
Salary and Compensation:
- Average base salary ranges from $125,000 to $135,000 for post-MBA associates
- Total compensation can reach $210,000 or more when including bonuses, equity, and commissions
- Median salary of $130,000 reported by UCLA Anderson, with 30% receiving signing bonuses
Job Growth and Opportunities:
- Projected job growth of 5% from 2022-2032 for real estate managers and appraisers
- Diverse career paths available, including development, finance, investment, asset management, and consulting
- Opportunities in major cities beyond traditional finance hubs, such as Charlotte, Atlanta, Miami, Dallas, and Denver
Key Advantages:
- Potential for high earnings through equity participation in deals (e.g., 5% promote structures)
- Better work-life balance compared to investment banking or consulting
- Tangible impact on communities through development projects
- Exposure to multiple aspects of business (finance, law, architecture, etc.)
Top Employers:
- Large firms like Trammell Crow, Greystar, and Related Companies
- Real Estate Investment Trusts (REITs)
- Investment banks with real estate groups
- Consulting firms specializing in real estate
What Skills Do I Need to be Successful In Real Estate Management?
| Sector | Description |
|---|---|
| Business skills | Because most brokers are self-employed, they must manage every aspect of their business. This task includes reaching out to prospective clients, handling their finances, and advertising their services. |
| Interpersonal skills | Strong interpersonal skills are essential for real estate brokers and sales agents because they spend much of their time interacting with clients and customers. To attract and keep clients, they must be pleasant, enthusiastic, and trustworthy. |
| Organizational skills | Real estate brokers and sales agents must be able to work independently, managing their own time and organizing, planning, and prioritizing their work. |
| Problem-solving skills | Real estate brokers and sales agents need to be able to quickly (sometimes immediately) address concerns clients or potential customers may have a property. They also mediate negotiations between seller and buyer. |
| Analytical skills | Construction managers plan project strategies, handle unexpected issues and delays and solve problems that arise over the course of the project. In addition, many managers use cost-estimating and planning software to determine costs and the materials and time required to complete projects. |
| Business skills | Construction managers address budget matters and coordinate and supervise workers. Choosing competent staff and establishing good working relationships with them is critical. |
| Customer-service skills | Construction managers are in constant contact with owners, inspectors, and the public. They must form good working relationships with these people and ensure their needs are met. |
| Decision making skills | Construction managers choose personnel and subcontractors for specific tasks and jobs. Often, these choices must be made quickly to meet deadlines and budgets. |
| Initiative | Self-employed construction managers generate their own business opportunities and must be proactive in finding new clients. They often market their services and bid on jobs, and they must also learn to perform special home improvement projects, such as installing mosaic glass tiles, sanding wood floors, and insulating homes. |
| Leadership skills | Construction managers must effectively delegate tasks to construction workers, subcontractors, and other lower level managers. |
| Speaking skills | Construction managers must give clear orders, explain complex information to construction workers and clients, and discuss technical details with other building specialists, such as architects. Self-employed construction managers must get their own projects, so the need to sell their services to potential clients is critical. |
| Technical skills | Construction managers must know construction methods and technologies and must be able to interpret contracts and technical drawings. |
| Time-management skills | Construction managers must meet deadlines. They ensure that construction phases are completed on time so that the next phase can begin as scheduled. For instance, a building’s foundation cannot be constructed until the land is completely excavated. |
| Writing skills | Construction managers must write proposals, plans, and budgets, as well as document the progress of the work for clients and others involved in the building process. |
Real Estate Licensing Information
All real estate brokers and sales agents must be licensed. Licensing requirements vary by state, but most have similar basic requirements:
- Be 18 years old
- Complete a number of real estate courses
- Pass a Foundation of Real Estate and State exam(s)
Some states have additional requirements, such as passing a criminal background check and 90 hours of real estate educational coursework. Licenses typically are not transferable among states. However, some states have reciprocity agreements in that they will accept some requirements used to get a license in another state.
To obtain a broker’s license, individuals generally need up to 3 years of experience as a licensed sales agent under the supervision of a managing broker. They also must take additional real estate educational courses. In some states, a bachelor’s degree may be substituted in place of some experience or training requirements. Those with a law degree are exempt from taking the educational coursework required to sit for the licensed real estate exam.
State licenses typically must be renewed every 2 to 4 years. In most states, brokers and agents must complete continuing education courses to renew their license. To verify exact licensing requirements, prospective brokers and agents should contact the real estate licensing commission of the state in which they wish to work.
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Robert Kent earned his MBA in Project Management from Columbia Southern University, graduating in 2012. He completed his Bachelor’s degree in Business Administration and Management at Florida State University in 1996. His academic journey provided a strong foundation for his subsequent achievements as a Lean Six Sigma Black Belt, writer, and educator specializing in healthcare administration, process improvement, and organizational change.
Robert Kent is currently serving as a strategic advisor in the Executive Program Integration Office, Office of Human Capital Services, U.S. Department of Veterans Affairs (since April 2024). In this full-time, remote leadership role, he is responsible for developing and guiding the implementation of the HCS Strategic Plan, creating best practice documents, identifying transformational opportunities, driving high-impact strategic initiatives, and optimizing organizational performance to deliver improved service.
