Real estate is seeing a jump in job opportunities for young real estate professionals as well as an overall improving job market for the industry, according to a new report by the University of Southern California Lusk Center for Real Estate.
The Lusk Center reports it received 150 industry job openings in 2011 through August, a 25 percent increase over the same period last year. Most students in its 2011 class reported receiving more than one job offer, and with higher pay. The average total compensation package was about t $120,000, a 15 percent increase over 2010, according to the report.
"Shifts in the market, and the cyclical nature of the industry, are reflected in the types of positions our students have accepted," says Stan Ross, Lusk Center chairman. "During the boom period, 60 percent of our graduates took development jobs. But after the crash, that number dropped to 25 percent and it has remained there. In 2011, however, nearly half of jobs have been in finance, investment and asset management."
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