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- How to Become a Real Estate Project Manager in 2025?
How to Become a Real Estate Project Manager in 2025?
Updated on Sep 13, 2023 | 14 min read | 4.7k views
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Table of Contents
- Who is a Real Estate Project Manager and What Do They Do?
- How to Become a Real Estate Project Manager in Simple Steps?
- Who can Become a Real Estate Project Manager?
- Real Estate Project Manager Requirements
- Why Should You Work as a Real Estate Project Manager?
- What is the Demand for a Real Estate Project Manager?
- Salary Details for the Top 5 Countries
- Conclusion
The role of a project manager is crucial in all kinds of project processes. They handle all the operations, manage resources, and ensure timely project delivery. Furthermore, they ensure that the end product meets all the client requirements and there are no gaps between demands and deliveries. When we talk about real estate project managers, their job responsibilities are related to construction. From the time the project starts till its design approval and final construction, a real estate project manager oversees everything.
As the real estate market is fast evolving, project management in this domain automatically becomes a booming career option. I have seen many professionals making career shifts and opting to work as project managers in real estate because of their immense growth. You will get a sophisticated yet easy work environment, a handsome salary and an opportunity to explore a promising market.
Who is a Real Estate Project Manager and What Do They Do?
A real estate project manager is a person who oversees everything related to construction projects. In every real estate project, many teams with varied professionals work together. You get different professionals for resource planning, structure design, site safety, and other operations. Now, a project manager becomes an essential expert who ensures all of them work to their full potential and collaborate with each other to bring the outcome. The only thing an organization always looks for is a professional who holds some credibility for their skills. You can obtain a certification in Project Management by enrolling in the best Project Management training course. A credible course can confirm your expertise in this domain.
Roles and Responsibilities of a Real Estate Project Manager
To help you understand what these professionals do, I will share the real estate project manager job description. It will give you a fair idea of the roles and responsibilities a person in this position fulfils.
- The first and foremost responsibility is to develop project plans.
- Work closely with the architects, contractors and every other professional involved.
- Overseeing resource allocation to make sure every team gets everything required.
- Communicating with the clients to understand their requirements
- Conduct regular quality checks to ensure the end product meets the utmost standards.
- Seeking and sorting all the permissions and licenses.
- To do everything possible to ensure the project delivery meets the deadlines and stands tall on quality.
These are the fundamental roles that the experts working on the real estate project manager jobs must fulfill. If these roles fascinate you and you want to work in this industry, you can opt for PMP course online to brush up your skills and start a career.
How to Become a Real Estate Project Manager in Simple Steps?
As a project manager enthusiast, you can find multiple online project management courses, like KnowledgeHut Project Management coaching online designed specifically for real estate project managers. But the question that arises here is “How to get started?”
I have experienced the industry very closely and helped many professionals start their careers as project managers. Based on my experience, I have shared the step-by-step process to become a successful project manager in this industry.
Step 1: Master Skills
Mastering the skills is the first step to starting a career in any domain. So, to enter the real industry as a project manager, you should begin by sharpening your skills. It includes both qualifications and interpersonal abilities. I have categorized these for your convenience.
Here are the top skills needed to become a Real Estate Project Manager
- Soft Skills: Work on your interpersonal skills. As a project manager, you will communicate between teams and collaborate with engineers, contractors, and others. It clearly indicates that you would have to work towards developing skills like communication, critical thinking, decision making and leadership to work efficiently.
- Hard Skills: Hard skills refer to the technical knowledge one should have before starting a fruitful career as a project manager. It includes knowledge of finance, economics, business administration, and likewise. These experts should be proficient at budget planning, risk management, technical writing, and handling management software.
- Other Competencies: Different organizations have varied eligibility criteria of hiring a project manager. Owing to the competition in the market, the selection criteria are stringent. According to me, the basic requirements that can give you a competitive edge are:
- A post-graduate degree in real estate or business administration
- Minimum 10 years of experience in the real estate market
- Hands-on knowledge of a project management software
- Renowned certification course.
Top Real Estate Project Manager Certifications / Degree
Certifications are an added advantage in any industry. You can complete them before starting your journey as a project manager or enroll during your job tenure to grow in your profession. Some of the certification courses that you can opt for are:
- KnowledgeHut Project Management coaching online
- PMP course online
- PRINCE2 Foundation and Practitioner training course
There are countless other certification options available. Which would work for you depends on your career goals and the level you have achieved as a project manager in this industry.
Step 2: Determine Your Ideal Timeline
Nothing happens overnight! You should be patient, keep working consistently, and take one step at a time to enjoy a long and promising career. It is significant to understand here that everyone has their own grasping power, so you should decide the learning pace that works for you without getting influenced by how fast or slow others achieve their goals. Moreover, learning is an ongoing process, so choose your ideal timeline and follow it with a commitment to excel in your career.
Start Learning in a Format That Suits You:
Others may start with a job first and then go for the certification, but what works for you can be an entirely different process. So, curate a learning format that suits your goals and keep following it until you reach your targets. The ideal learning format that works for most professionals is to complete a degree program first, take up the fundamental certification course, and then move on to find a job. There is always room for completing advanced certification courses while you have a full-time job.
How Long Does It Take to Become a Real Estate Project Manager?
When you wonder how to become a real estate development manager, the next question is how long it will take you to reach your goals! Well, a degree program has a fixed timeline, so that much time you must invest into becoming a real estate project manager. Moving on, if you enroll into a certification program, the time it will take to complete that course will get added. So, there is no fixed answer to how long it takes to become a project manager in the real estate sector. The time it takes depends on the learning format or the process you choose.
Step 3: Begin Building Your Portfolio/Resume
Once you have the required qualifications and skills, the next step is to build a resume or a portfolio. Learn how to create a professional resume mentioning the educational qualifications you have completed, certifications you earned and if you have any prior experience. Mention every detail about your personal and professional portfolio that you think will help you stand out in the crowd. Understand that your resume is the first thing an employer checks, so make it with the utmost professionalism and grab the best work opportunities.
Real Estate Project Manager Resume Sample:
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Step 4: Where and How to Find a Job?
You have fulfilled the basic education criteria and have your resume ready; it is time to explore the job market. Many people find it overwhelming to find the best-fit job in this vast industry. There is plethora of real estate companies in the market that offer countless job opportunities for deserving candidates. So, to help make this daunting research task a bit easier for you, I have listed the top companies where you can find a job.
- Larsen & Turbo
- Accenture
- Honeywell
- Ikea
- Robert Bosch
- Atkins
- ServiceNow
- Reliance Industries
This list of companies is never-ending. However, if you really have a firm hold on the industry and a zeal to excel, try looking for a job in these renowned organizations.
Step 5: Ace the Interview
The last step in the process before you join as a project manager in an organization is to crack the interview! You might think you are ready and have won all the battles, but personal interviews can change the game. It is when your preferred organization calls to judge you on your personal and professional skills. They decide whether you have the capability to work in their organization or there is still a lot for you to learn. Interview processes are generally elaborate. Though every company can have its own hiring process, the basic steps remain the same.
Step 1: You will have a telephonic round where they see if you have the basic skills and mannerisms they look for in their employees. Once you qualify for this round, they may call you for the written test.
Step 2: Many companies may skip this step altogether, but there are high chances that you will face it. In a written exam, you will be asked questions based on the subject or the job role you have applied for to assess your theoretical knowledge. Mostly, fresher candidates take written exams as they do not have any prior experience to prove their worth.
Step 3: Lastly, once you have qualified for all other rounds, there will be a personal interview. It is when you meet the employer and have a one-to-one conversation. They can ask questions related to the domain or about anything in general that will help them judge your abilities. Some of the questions you get asked are:
- Are you aware of the new rules related to the construction process?
- What do you think are the fundamental qualities of a project manager?
- Can you handle multiple projects simultaneously?
- What will be your strategy if you see your project is getting delayed?
Such questions help them judge your instincts, reflexes, and abilities. So, be prepared to give excellent answers, and keep in mind that you showcase your skills in a highly impressive manner.
After all the interview rounds, if the employer feels you are capable, HR will discuss the remuneration and other job details and finalize your hiring.
Who can Become a Real Estate Project Manager?
A person with a graduation degree in real estate, business administration, or other relevant fields can become a real estate project manager. It gives them the most applicable knowledge of the domain. The coursework includes topics related to finance, economics, management, marketing and much more. So, once you have completed such courses, your theoretical knowledge of the real estate market and the project management domain improves.
After completing the course, you are eligible for the post of project manager in real estate. On top of it, if you do a specialized course like the PRINCE2 Foundation and Practitioner training course, rest assured your career will boom.
Real Estate Project Manager Requirements
Once you have decided to become a project manager in real estate, there are a few eligibility requirements that you need to fulfil. Some of the fundamental requirements are:
- Thorough understanding of business and risk management processes
- Expertise in meeting the client requirements
- Proven experience in project management
- Ability to manage resources
- Strong interpersonal skills to ensure effective communication between the teams
- Critical thinking and the ability to sail through challenges
Basically, to become a successful real estate project manager, one should have excellent professional and personal skills. It is interesting to note that the real estate project manager career path is a learning process. So, be prepared to keep learning new technologies and evolve as you scale in your profession.
Why Should You Work as a Real Estate Project Manager?
The primary reason to start your career in real estate should be your interest and inclination towards the field. I have listed some more reasons if you wish to build a career as a project manager in real estate.
- It is a promising industry with multiple opportunities. There is a plethora of real estate companies, and one or the other project keeps launching every other day. So, if you are an expert in this domain, rest assured that you will not feel a scarcity of opportunities.
- Along with the career opportunities, the monetary perks in this domain are also promising. Moreover, project management is a senior management position, so the salary you take home is promising.
- There is a lot to learn in this domain. The market keeps evolving, and for the enthusiasts, there will be something new to learn every day.
What is the Demand for a Real Estate Project Manager?
Real estate projects require the utmost precision and planning. It involves lots of resources, and the art is to manage them well to get desired end product. If the planning doesn’t go well, the entire project can turn into a big failure. It would also mean loss of capital investment. So, no company would ever want to take that risk. Hence, a project manager becomes the most demanding expert at every site.
As per a report by IBEF,The real estate market size in India has grown more than 100% in the last few years. Following these statistics, it is fair to say that the demand for professionals working in this domain will also multiply.
Salary Details for the Top 5 Countries
The salary that a real estate project manager withdraws in different countries depends on multiple factors. Firstly, the growth of the real estate market in that country, and secondly, the experience or expertise that the person holds. However, the fundamental value of the money that these professionals take home is listed in the table below.
Country | Salary |
India | 11 LPA |
USA | 69,000 USD |
UK | 1,06,000 GBP |
Canada | 1,87,000 CAD |
Singapore | 1,51,000 SGD |
Now, this is the average salary these experts get in their respective countries. The actual remuneration of these project managers depends on their skills, experience, company size and the real estate market growth in your country.
Conclusion
In the end, it is fair to say that working as a project manager in the real estate market is a promising option. There is a lot to learn and explore in this industry, and on top of it, the monetary perks are excellent. Moreover, if you work towards your skills and get hands-on experience in the industry, you will enjoy job security and exponential growth. Your entire focus should be on getting proper educational qualifications related to the industry. Moving on, you should complete the certification courses for this industry to brush up your skills and keep scaling up.
Frequently Asked Questions (FAQs)
1. What are the duties of the project manager in real estate?
2. What degree do you need to be a real-estate project manager?
3. Is real-estate project management a good job?
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