The Student Room Group

Psychology or Real Estate

Hello everyone, I am currently in 2nd year of Psychology...but I am thinking if Real Estate could be a better option for me. I was originally applying for real estate but for some reason changed my mind and went with Psychology.
I wanted to find out if there is anyone here studying real estate and can tell me some more about it and what I would expect from this degree if I was to change.
I have a meeting with a career advisor at uni this Friday as I honestly don’t know what the best option for me would be and if it is even worth changing mid semester or if I should just do real estate as a master.
All responses will be super helpful! :smile:
As you're in the second year already (and we're pretty much at the end of the first semester) you'd need to consider the funding situation quite carefully, as you may find yourself needing to fund at least half a year's extra tuition were you to start again.

If you were to stop and start again you'd be looking at starting in Sep 2022 so completing summer 2025. Or you continue your current degree and complete that summer 2023 start a masters Sep 23 and complete that Sep 24 - so from a pure timeline perspective carrying on would be better. Typically you need at least a 2:2 (sometimes a 2:1) for entry to the masters - if you're not happy with the psychology do you think it's reasonable that you will be able to achieve that?

(Just about) Any real estate degree is going to be RICS accredited and focussed on their requirements for becoming a chartered surveyor via their Valuation or Commercial Property specialisms. Therefore you are going to have some law, some building technology, a fair chunk of valuation and property development and property management. Typically graduate roles will take you through some valuation, some development, some property management etc.

Have a search for RICS what a surveyor does. Unless you have a specialist built environment career advisor they may not know quite what real estate is about (the degrees have very little to do with residential estate agency) so do be aware of that in advance of your careers meeting. Does your university have a real estate course?

(Course leader for real estate at Birmingham City here)
Reply 2
Original post by timleebcu
As you're in the second year already (and we're pretty much at the end of the first semester) you'd need to consider the funding situation quite carefully, as you may find yourself needing to fund at least half a year's extra tuition were you to start again.

If you were to stop and start again you'd be looking at starting in Sep 2022 so completing summer 2025. Or you continue your current degree and complete that summer 2023 start a masters Sep 23 and complete that Sep 24 - so from a pure timeline perspective carrying on would be better. Typically you need at least a 2:2 (sometimes a 2:1) for entry to the masters - if you're not happy with the psychology do you think it's reasonable that you will be able to achieve that?

(Just about) Any real estate degree is going to be RICS accredited and focussed on their requirements for becoming a chartered surveyor via their Valuation or Commercial Property specialisms. Therefore you are going to have some law, some building technology, a fair chunk of valuation and property development and property management. Typically graduate roles will take you through some valuation, some development, some property management etc.

Have a search for RICS what a surveyor does. Unless you have a specialist built environment career advisor they may not know quite what real estate is about (the degrees have very little to do with residential estate agency) so do be aware of that in advance of your careers meeting. Does your university have a real estate course?

(Course leader for real estate at Birmingham City here)

This was super helpful thank you! I understand that from the timeline perspective it would mean that I would graduate in 2025, which shouldn’t be too bad.
I am currently working in an estate agency as an admin/maintenance coordinator (have some experience in the field) and my partner is working in construction and I feel that if I do a real estate degree we would be able to achieve so much more together in the future than if I was to study psychology. Do you think that would be the case?
Is Real Estate BSc and becoming chartered enough or would I have to go on to MSc to become successful in the field?
If I was to carry on with psychology and then go into MSc would I learn enough to be successful or would the students who finish BSc have a bigger advantage in the field? I wouldn’t want to miss out on valuable learning/information and for the lecturer in MSc to say “you have learnt this in BSc” and I wouldn’t know anything about a certain subject.
My university does not have the Real Estate course and as you mentioned the career advisor might not know much and might not be able to give me as good information as yourself.
Sorry for all the questions, I just want to make sure I am doing the right thing :smile:
Original post by fionka123
This was super helpful thank you! I understand that from the timeline perspective it would mean that I would graduate in 2025, which shouldn’t be too bad.
I am currently working in an estate agency as an admin/maintenance coordinator (have some experience in the field) and my partner is working in construction and I feel that if I do a real estate degree we would be able to achieve so much more together in the future than if I was to study psychology. Do you think that would be the case?
Is Real Estate BSc and becoming chartered enough or would I have to go on to MSc to become successful in the field?
If I was to carry on with psychology and then go into MSc would I learn enough to be successful or would the students who finish BSc have a bigger advantage in the field? I wouldn’t want to miss out on valuable learning/information and for the lecturer in MSc to say “you have learnt this in BSc” and I wouldn’t know anything about a certain subject.
My university does not have the Real Estate course and as you mentioned the career advisor might not know much and might not be able to give me as good information as yourself.
Sorry for all the questions, I just want to make sure I am doing the right thing :smile:

Some perfectly reasonable questions:
Depending quite what your partner is doing there may be opportunities to work together - certainly much more likely with real estate than purely with psychology - but this may not be for some time.
Just about all MSc routes are called 'non-cognate' and are designed for someone who has done something completely different before. There shouldn't be any instances of someone expecting you to have learnt something in your undergrad that applies to the masters (except generic skills - referencing etc) - both the undergrad and postgrad offerings are essentially aiming to cover the expectations from the RICS
Employers are perfectly happy with an MSc plus RICS route and are perfectly happy with the BSc real estate plus RICS route. Progression in your career to very senior roles does not require an MSc - really the key is getting your chartered status (maybe larger firms may encourage you to further training further down your career but that might be more likely to be an MBA or somesuch but unlikely to be real estate related).

If you're in a resi estate agency there isn't all that much in a real estate degree that really relates - maybe some of the development stuff and maybe the first few weeks of valuation - but that quickly moves beyond a simple comparison of one three bed semi over another. Is it an RICS firm or is it purely resi agency (and lettings)?
Hi good afternoon and happy new year
Pls I want to do psychology in my pgd and I studied estate management.. I want to know if it’s a right track I’m going through because there is no estate management in pgd

Latest