Real Estate and Urban Analysis
Real estate is an applied discipline that utilizes management, economics, marketing and especially finance principles in the study of real estate valuation, development, brokerage and finance. Many areas of the financial services industry—loan origination and servicing, portfolio investment and advising—require extensive real estate knowledge.
As students progress in their real estate careers, they typically acquire designations from and participate in one or more professional associations. Among the designations are the MAI (Member of the Appraisal Institute), CCIM (Commercial Investment Real Estate Institute), GRI and CRS (awarded by the National Association of Realtors), CRE (American Society of Real Estate Counselors), and CPM (Institute of Real Estate Management). Among other professional organizations are the Urban Land Institute (real estate development), the National Association of Homebuilders, Building Owners and Managers Association, Mortgage Bankers Association of America, International Council of Shopping Centers (shopping center development/leasing/management), National Association of Corporate Real Estate Executives, National Association of Real Estate Investment Tracts and the Industrial Development Research Council (corporate real estate).
Students admitted to the Columbus campus are also admitted directly to the Fisher major program and the real estate and urban analysis specialization.
Business Skills and Environment
Management and Human Resources
Required major courses
Introduction to Real Estate
Real Estate Law
Real Estate Finance
Selected courses in real estate and urban analysis
Though internships are not required for business students, 95 percent of students registered with the Office of Career Management have some kind of internship experience before they graduate. Many students receive an offer of full-time employment from their internship employer.
Honors students majoring in business, have the option of applying for and participating in one of four Honors programs (Accounting Honors, Finance Honors, Honors Cohort, Honors Immersion) or an Honors research project. Each option provides the opportunity to graduate with a diploma designation.
Entering freshman admitted to University Honors will be invited to apply to the Integrated Business and Engineering Honors Program and the Business Honors Learning Community.
The Business Scholars Program is a community of talented students that participate in programs and activities designed to offer insight into business practice and environment. Business Scholars learn to understand the vital role of collaboration through teambuilding, leadership training and workshops. Additionally, Business Scholars can develop partnerships with Fisher College of Business faculty and alumni.
Students can join the Fisher Real Estate Society (FRES), a student organization that allows students to network with faculty, alumni, professionals, and recruiters in the real estate industry. FRES members are given first access to job and internship opportunities, preference toward real estate scholarships, and exclusive access to join the Center for Real Estate Education and Research’s Mentorship Program.
The real estate major has opportunities for employment with commercial banks, savings associations, insurance companies, mortgage bankers, and private appraisal and consulting firms. Real estate developers, property management firms, and residential or commercial and industrial brokerage offices also offer employment. Students may find employment in corporate real estate departments, franchise organizations with multiple site requirements and government agencies involved with lending. Many real estate graduates eventually organize their own businesses in one of these fields.
There is a continuing need for employees in private firms and government agencies concerned with developing, appraising, financing, and merchandising residential, commercial and industrial real estate.
The average starting salary for students majoring in real estate and urban analysis was $58,571 in 2018-19.
At graduation, Fisher College of Business graduates:
- Will posses strong analytical and problem-solving skills to identify and critically assess problems facing contemporary businesses
- Will demonstrate in-depth knowledge of human resources
- Will possess a global perspective and can critically evaluate the international context a contemporary business operates in
- Can identify and assess ethical issues surrounding business decisions.
- Are able to work effectively in a team-based environment
- Can demonstrate professional deportment and effective oral and written communication skills
Some components of the real estate business require licensure or certification. With proper planning, students can acquire the educational prerequisites for licensure in Ohio as a salesperson or broker while completing the real estate major.
Interested in a business career?
Check out the Business Pathway to discover the many majors Ohio State offers that can lead to a career in business.