At least in Southern California, this spring seems to be prime shopping season for builders, developers and housing finance firms seeking graduate students steeped in real estate education.
University of Southern California professor Peter Gordon says the number of employers contacting USC’s Lusk Center for Real Estate about graduate students in real estate finance, development, planning, public policy and construction has jumped 70% from this time last year.
“Firms are not only inquiring, they’re hiring,” says Gordon, director of USC’s master of real estate development program. He says employers have signed up 18 of Lusk’s 80 real estate students due to receive master’s degrees in late May. “The industry’s biggest players are offering salaries and bonuses in the $100,000 range to secure top grads.”
Gordon also reports that more than half of the class of 2003 now work for builders such as KB Home and Shea.
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