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Why you should study a Property Management Degree

Why you should study a Property Management Degree

September 21, 2022

If you want to make a splash in the property industry, it makes sense to study a Property Management Degree.

This vibrant sector has been deemed the biggest industry in Australia, currently representing 13% of Australia’s GDP and bringing in over $200 billion to the Australian economy (according to the Property Council of Australia). There are over 1.4 million jobs in the industry, so it is one of the fastest growing areas for employment.

To succeed in this potentially lucrative industry you’ll need to be investment-focused, willing to take risks, have sound business skills and be a great networker.

Studying property management gives you the opportunity to embark on a career with tangible outcomes, which can be immensely rewarding. And because the industry is diverse and dynamic, there are a range of areas where you could find your niche.

Increasing your employment potential 

“Studying the Bachelor of Property (Development, Investment & Valuation) at ICMS will give you employment potential in all areas of the industry whether it be industrial, rural, commercial, or residential. The broad scope of the degree will future-proof you for adaptability in the property sector and allow you to be a great businessperson and networker,” said Jodie Randell, ICMS Senior Manager (Domestic Development).

Things move quickly in property and you will need the knowledge and skills to make big decisions and anticipate trends in the market.

A property management degree educates you on the intricacies of the property industry, and puts you ahead of the rest when it comes to climbing the corporate ladder.

Following the Covid-19 pandemic, the property industry is recovering and rebounding, with businesses in the sector feeling optimistic about the future. Labour shortages means there is scope for graduates to fast track their careers.

Build your resumé while studying

Included in the ICMS Bachelor of Property (Development, Investment and Valuation) is Work Integrated Learning (WIL), which is a built in internship / industry placement as part of your degree. Studying a property management degree may not be enough without real-world work experience, and with ICMS you graduate with connections and a resume.

ICMS has an impressive network of Industry Partners in the property industry. Dedicated WIL team will work with these partners to provide you with invaluable industry insight and experience, finding you a suitable placement that is the best fit for your skills, interests and professional goals.

Property Management student Explains…

Before graduating in 2021, while still an ICMS Bachelor of Property student, Daniel Garing secured a fulltime role at Cushman & Wakefield, a company which employs approximately 51,000 people across approximately 400 offices in 70 countries. His studies paved the way for him to secure his role as a Leasing Analyst in the NSW leasing team.

“I was always excited about studying a Bachelor of Property degree, the only decision I had to make was where. There were multiple courses and options to do this, however ICMS stood out. What motivated me to study at ICMS was the practical side to the degree. The idea of learning the theory then applying that into a work placement within your industry really resonated with me,” Daniel said.

“The ICMS WIL program has been a unique learning process for myself. It has allowed me to apply the theory I have learned into a practical role within the property industry. The concepts I learned I can then apply and see within Cushman & Wakefield’s day to day operations. The WIL program also allowed me to evaluate how I was performing as well as enforce critical thinking into my role.”

As a leasing analyst in the NSW leasing team for Cushman & Wakefield Daniel has a range of scope and responsibilities that vary from daily, weekly, fortnightly and monthly tasks.

“The role is centered around supporting the team through an accurate and up-to-date database as well as providing analysis on the market,” Daniel said.

“My studies at ICMS have provided me with a foundation of knowledge and skills in property that has allowed me to transition into my role. My ICMS education gave me extensive knowledge into the property industry as well as business functions. Specifically, the Commercial Real Estate subject has helped me most in my current position.”

Broad scope of skills

If you choose to study a property management degree through the International College of Management, Sydney (ICMS), the Bachelor of Property (Development, Investment and Valuation) provides a broader scope of professional skills. This means you can move into your chosen area of interest when you graduate.

Watch below for an explanation of what the ICMS Bachelor of Property (Development Investment and Valuation) is all about:

More on the degree…

As the profession changes, the broad content of this property degree enables you to engage with new directions and opportunities.

Your 11 specialisation subjects focus on building key skills and knowledge in the property industry:

  • Introduction to Property Industry
  • Property Development
  • Principles of Valuation
  • Property Asset Management
  • Land and Property Law
  • Property Facilities Management
  • Commercial Valuation
  • Property Investment and Finance
  • Corporate Real Estate Asset Management
  • Statutory and Specialist Valuation
  • Building Design and Sustainable Development

Examples of property management subjects

Studying the discipline takes you from the basics, like the foundation subject Introduction to the Property Industry (PRO120A) right through to higher level subjects at third year.

PRO12A: This foundation subject will provide you with a well- rounded understanding of key terms and concepts, principles, practices and theory pertaining to areas including development and investment, valuation and management allowing subsequent subjects to build upon these foundations.

The subject Property Management (PRO220) will give you an overall understanding of the role of pro-active management, covering all the different facets of management so that the property or portfolio of properties support the achievement of the intended investment or development objectives. You will also gain an understanding on how to manage this on an economical and environmentally sustainable basis.

In your third year, subjects include Building Design and Sustainable Development (PRO350A) where you will gain a comprehensive understanding of building and design techniques in sustainable development for urban communities. You will apply your knowledge and skills of planning principles, design and construction, of complex development through project-based learning.

Studying a property management degree gives you an understanding of Green Star, NABERS and NatHERS rating systems and participate in site visits to new urban developments which exemplify some of these ratings.

Looking for a property management degree? Look no further..

With a recognised Bachelor of Property (Development, Investment and Valuation) degree from ICMS you will have huge earning and employment potential in areas as diverse as industrial, rural, commercial and residential property

This undergraduate qualification offers opportunities to pursue a career in the property sector without limiting your employability to one specialised area of the property profession. The focus of the degree on three key, interrelated areas of the property profession differentiates it from other property courses and provides you with flexibility and choice in your future career.

To find out more about the ICMS Bachelor of Property (Development, Investment and Valuation), click here.

 

 

 

 

 

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