A Career in Real Estate: Is It Possible?

Considering the effect our economic collapse had on the real estate market or, perhaps, the part our real estate market played in our economy's recession, many students may think it wise to stay away from a career in the realty field. But, despite shouldering much of the blame "for causing the deepest recession in decades," the reputation of the field is getting a boost, thanks to interested graduate students. Surprisingly, master's programs in real estate are growing by leaps and bounds as students rush to enroll and take advantage of the case studies and learning opportunities the recession has provided. Instructors, similarly, are taking advantage of the real-world applications and teaching resources the recent market crash provided, integrating aspects of the market crash and current market trends into their curriculums in order to effectively educate students. A popular option for students who want to pursue a graduate degree in real estate is online degree programs, especially if the student is already working full-time in the realty market or elsewhere. Ground schools and community colleges have also begun to see a tremendous influx in program applicants. In fact, grad schools across the nation have reported an increase in applicants as the recovering economy pushes people to "polish their resumes." Earning a degree, especially a master's degree, says David Funk, director of the program at Cornell University, will give graduates the opportunity to jump into a "rebounding market." College degrees, specifically graduate degrees, are valued now more than ever. Undergraduate or graduate degrees in property planning and development or real estate and property management are two of the most popular degree programs. Charles Schilke, associate dean for Georgetown University's recently implemented master's of professional studies in real estate program, believes that "graduate degrees may be one of the fastest-growing areas of the real estate market right now." Students initially hesitant about pursuing their undergraduate or graduate degree due to a shaky economy now have the chance to earn their degree from and online degree program or ground school and enter into a market that is both competitive and continuing to rebound.