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.
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!