Real Estate Management and Development Career Opportunities
The property management industry offers a breadth of career opportunities. Drexel’s Real Estate Management and Development graduates are prepared for career opportunities in: acquisitions, land development, operations and facilities management, asset management, advertising and marketing and commercial lending. Furthermore, the curriculum offers courses that discuss and focus on specific asset types, e.g. office building, retail centers, industrial warehouse parks, multifamily apartments, student housing, privatized military housing, active adult living and affordable housing.
Property, real estate and community association managers take care of the many aspects of residential, commercial or industrial properties. They make sure the property is well maintained, has a nice appearance, and preserves its resale or leasing value.
Career Outlook
According to the Bureau of Labor Statistics, employment opportunities for property, real estate, and community association managers is projected to grow 8 percent from 2014 to 2024, about as fast as the average for all occupations. Because of the projected increase in the elderly population, particularly good job opportunities are expected for those with experience managing retirement centers, age-restricted communities and healthcare facilities.
They report the median annual wage for property, real estate, and community association managers was $57,040 in May 2016. Find out more about the outlook for related fields such as lodging managers, real estate agents and brokers from the Bureau of Labor Statistics.
Common Titles for Undergraduate Real Estate Management and Development Graduates
- Appraiser or Assessor of Real Estate
- Asset Manager
- Community Association Manager
- Director of Housing
- Hotel Manager
- Investment Counselor
- Leasing Director
- Property Manager
- Real Estate Broker or Sales Agent
- Real Estate Developer
- Real Estate Manager
- Real Estate Marketing Manager
Industries
- Educational
- Healthcare
- Hospitality
- Non-profit Organizations
- Real Estate
Professional Organizations
- Association of College and University Housing Officers - International
- Certified Commercial Investment Member Insititute
- Council of Residential Specialists
- Institute of Real Estate Management
- National Apartment Association
- National Association of Residential Property Managers
- National Property Management Association
- Real Estate Business Institute
- Real Estate Land Institute
- Society of Office and Industrial Realtors
- Women’s Council of Realtors
Continuing Education Opportunities
In the real estate and property management field, there are a number of certifications and designations professionals can pursue, including:
- NAAEI Credentials - Various apartment management credentials and certifications are available, including Certified Apartment Manager, National Apartment Leasing Professional and Credential for Green Property Management among others.
- Certified Commercial Investment Member Designation - The CCIM designation is conferred upon commercial real estate leaders who have a proven record of success in the field and have demonstrated a mastery of financial, market, and investment analysis.
- Certified Real Estate Brokerage Manager Designation - The CRB Designation is designed to elevate professional standards, enhance individual and office performance, and designate real estate professionals who demonstrate the knowledge essential to the practice of brokerage management.
Many students also choose to continue their studies in graduate schools, pursuing such degrees as: