A Graduate Real Estate Program Survey: Careers and Compensation

This paper addresses the impact of the recent recession upon job placement and compensation levels for recent graduates of graduate real estate programs. Based on a survey of graduates from nine graduate real estate programs, “recession-era” graduates (2008–2010) and “pre-recession” graduates (2000–...

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Veröffentlicht in:Journal of real estate practice and education 2013-01, Vol.16 (1), p.29-40
Hauptverfasser: Worzala, Elaine, Tu, Charles C., Benedict, Robert, Matthews, Amy
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container_title Journal of real estate practice and education
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creator Worzala, Elaine
Tu, Charles C.
Benedict, Robert
Matthews, Amy
description This paper addresses the impact of the recent recession upon job placement and compensation levels for recent graduates of graduate real estate programs. Based on a survey of graduates from nine graduate real estate programs, “recession-era” graduates (2008–2010) and “pre-recession” graduates (2000–2007) were compared to gain insight into how the types of jobs, salaries, bonuses, and other benefits were affected by the recession. The survey also identified the types of companies and the real estate sectors that were hiring. The results indicate that recession era graduates had a longer job search, accepted positions in a wider range of real estate professions, and experienced a relatively large drop in their starting compensation as compared to pre-recession graduates. The mean earnings decreased from approximately $73,000 (pre-recession) to $59,000 (recession-era).
doi_str_mv 10.1080/10835547.2013.12091714
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subjects Comparative studies
Compensation
Economic recessions
Employment statistics
Graduate students
Graduate studies
Graduate surveys
Graduations
Impact analysis
Real estate
Real estate economics
Real estate industry
Real estate markets
Recessions
Wage surveys
title A Graduate Real Estate Program Survey: Careers and Compensation
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