3 answers

How can I decide on what I want to major in for sure?

Asked Frederick, Maryland

I want to go into business.
I'm a people person.
I eventually want to build, rent and sell properties.
I would like to work with technology as well.
#business #business-management #college-major

3 answers

Eric’s Answer

Updated Baltimore, Maryland

There are a few different majors that will best prepare you to work in real estate development and investment. First, I suggest you look into majoring in real estate. That will give you the most direct knowledge and exposure to the real estate industry. Keep in mind, however, that not every college has an undergraduate real estate program. The following link has a list of all US universities that do.


https://www.naiop.org/en/Career-Center/Getting-into-Commercial-Real-Estate/Universities-with-Real-Estate-Programs


If none of those universities are an option for you or if you want to major in something less specific, I suggest you consider a finance major. To be successful in real estate development it is imperative that you be able to analyze cash flows and create pro forma models in order to assess the strength of a potential deal. You also need to be able to prepare financial statements for the properties in your portfolio. Finance courses will teach you a lot of the skills necessary to do so.


If you are more interested in the construction process, you may want to look into majoring in civil engineering. Those courses will help you learn about the technical aspects and feasibility of constructing a project.


No matter which major you decide to go with, make sure you jump on every possible opportunity to network with real estate professionals in your area. When it comes to being successful in real estate, who you know is just as important as what you know!

Eric recommends the following next steps:

  • Go to the websites of the colleges that you're interested in and look at the available courses in the real estate, finance, and civil engineering programs. Read the descriptions and make note of the classes that interest you the most. That may help you decide which major is best for you.
  • Network, network, network!

Annette’s Answer

Updated

Hi Axel,

There are all kinds of self-assessment tools online that you can start with. Some of they may cost money, some are free. I found a good article on Monster.com that recommends some tests https://www.monster.com/career-advice/article/best-free-career-assessment-tools


Being a people-person goes a long way. Be inquisitive. When you meet adults, ask them what they do for work. If it's something you're interested in, ask them more--how did they get into the role? What education and characteristics did it take to get into the role?


Look for ways to volunteer in your community--it exposes you to all kinds of different people. If you want to eventually build, rent, and sell properties, find a local Habitat for Humanity or a similar non-profit organization that's making a difference in peoples' lives and volunteer there. When you do that, talk to the other volunteers--learn more about what they do professionally.


Importantly, stay focused in school and talk to your guidance counselor to get some additional input (they're there for you - be proactive and schedule a meeting.) If you're interested in technology, see if your school can schedule a visit to local tech businesses.


Keep learning and good luck!

Annette recommends the following next steps:

  • Read this https://www.monster.com/career-advice/article/best-free-career-assessment-tools and take some assessments
  • Look for places to volunteer - and talk to people!
  • Talk to your guidance counselor

Veronica’s Answer

Updated

I suggest to that your should be a business major. For should also take some computer courses as well. I also suggest the you should go on read books about building, renting and selling properties.

Veronica recommends the following next steps:

  • Go to your college's or university career service.
  • Do an assessment on yourself.