What Is Estate Management?
Estate Management deals with the appraisal, acquisition, development, marketing, or management of a property.
Estate Management includes a broad category of commercial property such as offices, hotels, shops, or it can refer to the management of a residential property like houses.
A career in Estate Management offers exciting opportunities for those interested in the property sector. There are long-term job opportunities available to goal-oriented, driven, and passionate individuals.
Who is an Estate Manager?
An Estate Manager is a person who leads the team for a private client. They work directly with the owner to plan and execute the overall management of property and service. The Estate Manager oversees a large estate and multiple properties owned by one principal.
As an Estate Manager, you will be in charge of the staff employed at the properties, overseeing hiring, training, and management. You will represent your clients in matters regarding the running of the estate and interface with accountants, financial advisors, contractors, lawyers, etc.
Reasons To Study Estate Management
- Get the know-how and the legal protection you need
Working in real estate means you’ll need to maintain a working knowledge of best practices, especially in the legality of brokering sales and purchases.
As the person in charge of orchestrating these transactions, you’ll need to know how to protect both yourself, your client, and the company you work for from getting entangled in a lawsuit.
Property law and taxes are important courses you will want to gain knowledge of in your real estate degree. Just as in any field of study, specialization is key to advancement.
Tom Pfister, a real estate practitioner for over 25 years, writes in Forbes, “Of all the fields in the real estate industry (e.g., brokerage, acquisitions, investment, management), real estate development is the hardest field to enter.
Why? Because it requires knowledge of all other real estate fields plus advanced knowledge in entitlements, land use, community partnership, construction and finance.” Your degree in real estate will provide you the foundational knowledge you’ll need to launch into any sector in real estate.
2. The Real Estate professionals Are In High Demand
Worried about investing in a real estate degree? Rest assured, your investment in a degree is very likely to pay off because highly qualified and trained professionals in real estate are in-demand.
According to the United States Bureau of Labor Statistics, “Employment of real estate brokers and sales agents is projected to grow 7 percent from 2018 to 2028, faster than the average for all occupations.
Demand for these workers will continue, because people turn to real estate brokers and sales agents when looking for a home, such as to buy a larger home or to relocate for a job.”
As property values change and fluctuate with the trends in market growth, you'll find employers are looking for motivated and talented real estate professionals who are willing to go the extra mile.
3. Job outlook and salary
Graduating with a real estate degree will set you up for success in a variety of potential jobs, not in the least limited to the following:
brokers and real estate agents, real estate developers, appraisers and assessors, property managers, real estate licensing and education, and corporate real estate finance.
Overall, salaries for these positions will vary depending on your training, skill level, degree, and experience.
In 2018, the United States Bureau of Labor Statistics reported a median average of $50,300 per year and $24.18 per hour salaries for entry-level real estate brokers and agents.
And consider that a real estate degree will position you to likely enter at a higher salary, and also give you the tools to start at the corporate level, if so desired.
For example, according to RealEstateExpress, if you work as a land administration manager, you will likely earn between $148,149 and $182,362.
List Of Universities That Offers Estate Management
- Adekunle Ajasin University
- Abia State University, Bauchi
- Abubakar Tafawa Balewa University, Bauchi
- Auchi Polytechnic, Auchi (Affiliated To Nnamdi Azikiwe University, Awka)
- Bayero University, Kano
- Bells University Of Technology, Ota
- Caleb University, Imota
- Caritas University, Amorji-Nike, Enugu
- Covenant University, Canaan Land, Ota
- Crescent University, Abeokuta
- Cross Rivers University Of Technology, Calabar
- Enugu State University Of Science And Technology, Enugu
- Federal University Of Technology Minna
- Federal University Of Technology, Akure
- Federal University, Ndufu-Alike, Ebonyi State
- Gregory University, Uturu, Abia State
- Imo State University, Owerri
- Joseph Ayo Babalola University, Ikeji-Arakeji
- Kaduna State University, Kaduna
- Nasarawa State University, Keffi
- Nnamdi Azikiwe University, Awka
- Obafemi Awolowo University, Ile-Ife
- Oduduwa University, Ipetumodu
- Osun State University, Osogbo
- Rivers State University Of Science And Technology, Port Harcourt
- University Of Benin, Benin City
- University Of Ilorin, Ilorin
- University Of Jos, Jos
- University Of Lagos
- University Of Nigeria Nsukka
- University Of Uyo
- Wesley University Of Science And Technology. Ondo state.
These Are The Job Opportunities For Estate Management Graduates:
- Building Control Surveyor
- Building Surveyor
- Chartered Loss Adjuster
- Commercial/Residential Surveyor
- Construction Manager
- Estate Agent
- Estate Surveyor and Valuer
- Estates Manager
- Expert Witness
- Facilities Manager
- Land Valuer
- Land/Geomatics Surveyor
- Landscape Architect
- Maintenance Officer/Manager
- Mortgage Adviser
- Nature Conservation Officer
- Planning and Development Surveyor
- Project Appraisal
- Project Manager
- Property Arbitrator/Mediator
- Property Assessor
- Property Auctioneer
- Property Developer
- Property Inspection Officer
- Property Manager
- Rating Valuer/Officer
- Real Estate Contract Officer
- Real Estate Marketer
- Rural Practice Surveyor
- Sustainability Consultant
- Town Planner
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