Real estate management or property management courses are related to the study of management of any land property. The professionals in this field deal with rental property, including residential rentals or commercial real estate. These managers help in managing the daily operations of such rental properties on behalf of their landlords. Thus, after studying property management courses, aspirants can become managers overseeing rental operations and coordinating property selling and buying with a real estate agent.
|Course Name||Property Management|
|Eligibility||10 + 2 from recognised board; Bachelors in relevant field; English Proficiency Test scores|
|Top Universities||Massachusetts Institute of Technology (MIT); London School of Economics (LSE); École Supérieure de Commerce de Paris (ESCP); The Wharton School at the University of Pennsylvania (Wharton); University of Groningen (UG)|
|Top Area of Study||Property management and professional practice; Building design and construction; Real estate law; Economics of the built environment; Land law; Real estate investment; Introduction to valuation|
|Skills Required||Advertising a property; Sourcing and screening potential tenants; Managing financial accounts; Completing inspections; Organizing and sourcing people maintenance|
|Career Prospects||Housing associations; Banks; Cooperatives; Insurance companies; Real estate brokers; Property development companies|
This Blog Includes:
- What are Property Management Courses?
- Why Study Property Management Course?
- Top Universities for Property Management Course
- Admission Process for Property Management Courses
- Top Areas of Study in Property Management Course
- Skills Required for Property Management
- Career Prospects after Property Management Course
What are Property Management Courses?
Real estate management refers to the management as well as the sale of land and property. It includes accounting, finance, insurance, business administration, and economics.
The aspirants in the field of property management study every aspect of real estate management, from investment, law, and valuation to planning, construction and sale of properties or real estate. The students of real estate management also gain a sound understanding of the different types of real estate: commercial, residential, industrial, and vacant land.
Why Study Property Management Course?
After pursuing a real estate program, the aspirants in the field of property management will develop the theoretical knowledge and practical experience needed to start a successful career in the field.
Moreover, real estate is a fast-growing global business. And by earning a degree from abroad, the aspirants in this field can learn how the principles and practices of real estate differ from country to country. The experience that the students can gain from operating in foreign markets can be invaluable.
Top Universities for Property Management Course
|QS Ranking||University Name||Course Name|
|1||Massachusetts Institute of Technology (MIT)||Master of Science in Real Estate Development (MSRED)|
|2||London School of Economics (LSE)||Master of Science in Real Estate Economics and Finance (MS REEF)|
|3||École Supérieure de Commerce de Paris (ESCP)||Master of Science in Real Estate (MSRE)|
|4||The Wharton School at the University of Pennsylvania (Wharton)||MBA Real Estate Major|
|5||University of Groningen (UG)||Master of Science in Real Estate Studies|
Admission Process for Property Management Courses
- 10+2 from a recognised institution is required for an undergraduate course
- Bachelor’s degree in a relevant field for a postgraduate course
- The university also considers students with equivalent industrial work experience.
- Minimum English Language Entry Requirement is mandatory for International Students whose mother tongue is not English.
- Submission of GMAT or GRE scores is mandatory
- The students will also have to submit an SOP or Essay
- The universities ask for LORs at the time of application
English Language Score Requirements
The students who have completed their previous education in a country where English is not the mother tongue must provide the university with English Language Proficiency requirements.
|Test||Average Score Required|
|IELTS||A minimum overall score of 6.5, with no less than 6.0 in each section|
|TOEFL||A minimum overall score of 92, with no less than 22 in each section|
The application process for courses in the field of management takes place over a span of time. This process begins months before the commencement of classes. The universities have two main intakes known as the fall intake and winter intake for international students to kick start their journey.
Here’s an easy 5-step process to complete your application process for Property Management Courses.
- Start your application to universities using our one dashboard platform.
- Compile all your documents like SOPs, essays, certificates and LORs and exam scores like IELTS, TOEFL, GRE, GMAT, etc.
- Meet all the application deadlines and start the application process for accommodation, students visa, and scholarships/student loans.
- Accept the offer letter and meet your teachers, college mates and roommates virtually.
- Get your visa approved and fly to your dream university.
The following are examples of supporting documents:
- Application Requirements for Academic Documents (transcripts, degree certificates, mark sheets)
- English Language Proficiency scores such as IELTS, Pearson, TOEFL, etc. (if applicable)
- Additional requirements might include:
- CV, statement of intent, writing samples
- GRE, GMAT, other test scores
- Statement of Purpose
- Letter of Recommendation
- Resume or Curriculum Vitae
- References: This will include the name of referees, the title they and email addresses.
Top Areas of Study in Property Management Course
Every real estate course is a little different. The difference depends on the specializations of the course and the elective modules they offer. However, most courses few these key areas, which are as follows:
- Property management and professional practice
- Building design and construction
- Real estate law
- Economics of the built environment
- Land law
- Real estate investment
- Introduction to valuation
- Planning law and practice
Skills Required for Property Management
Everyone can opt for a career in real estate management. However, there are a few skills that can come in handy for an aspirant in this field. Following are a few of them
- Advertising a property
- Sourcing and screening potential tenants
- Managing financial accounts
- Completing inspections on a consistent basis
- Organizing as well as sourcing people for maintenance
Career Prospects after Property Management Course
There is a great career prospects after property management courses. Upon graduation, the students will be ready to work in various industries, for example,
- Housing associations
- Insurance companies
- Real estate brokers
- Property development companies
The tasks that the professionals in the field of property management will have to carry out include project development, urban and spatial planning, marketing, or real estate valuation and analysis.
Real estate management refers to the management as well as the sale of land and property. It includes accounting, finance, insurance, business administration, and economics. The aspirants in the field of property management study every aspect of real estate management, from investment, law, and valuation to planning, construction and sale of properties or real estate.
An estate management graduate can work with any property development and investment company (private or public). They could work with these companies either as a property developer, estate/property marketer, project manager/officer, property/facility manager, estate manager, estate surveyor, or construction project supervisor
The answer to if a property management degree is worth it is a resounding yes. Real estate careers have major perks which include flexible schedules. Agents in this field work as often or as little as they would want to, according to their needs and availability of time in their hands. Some agents also decide to work part-time while pursuing another full-time career.
You should definitely think about pursuing a property management or real estate management course if you wish to have a bright future ahead. This article provides you with a complete procedure and details on how to apply to the university. However, choosing the right course and university that runs parallel to your interests is very important. For this, I’m sure you’ll be pleased to take the assistance of an AI-based tool at Leverage Edu that gives you personalized suggestions based on your skills, qualifications and interests.