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Introduction

Construction companies seek out building economists to maintain a project's budget. A building economics degree covers all aspects of a construction project, from planning and design through implementation and finishing, and imparts knowledge that is applicable to each one. It is not just restricted to buildings; you may learn a lot about the construction of highways, bridges, tunnels, homes, workplaces, railroads, and retail and recreation centers. Holders of building economic degrees are in high demand and command substantial fees for their services.

Do I belong in Building Economics?

To succeed in the subject of building economics, a variety of talents are required, but the most important ones are intellectual curiosity, effective communication, and time management. The best-building economists are strategic thinkers with strong visualization skills. In other words, building economists tend to be creative people with a knack for numbers.

What are the Study Expenses for Building Economics?

Construction management and financial oversight throughout the course of a project are often included in the study of building economics. The Bachelor of Science in Quantity Surveying and Construction Economics (BSc, QSCE), the Master of Science in Construction Economics and Management, the Master of Project Management, and the Ph.D. in Construction Economics and Management (Ph.D. CEM) are among the programs you can enroll in to pursue a career in building economics. More than 160 universities in the US offer courses in building economics and construction management. For overseas students, the average tuition is $19,319.

The Future of Building Economics

Even though the science of building economics is still in its early stages, its business potential is enormous. Candidates with the necessary professional qualifications are needed by the sector so that the market can be regulated and the economy may grow. Employment possibilities are anticipated to increase 11% between 2020 and 2030, which is faster than the average for all occupations. Additionally, the construction industry, one of the major contributors to the global GDP, is the focus of building economics.

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In-Demand Career options for graduates of building economics

Building Manager

In commercial buildings, it is crucial to take into account that staff members find the best working environment and have access to all the resources they need to carry out their duties in a professional manner. Facilities managers are in charge of duties like floor management, security, communication, utility management, and building cleaning. People aspiring to become building managers can migrate to Singapore for a plethora of job opportunities. They are regarded as the best destination for Project Managers, HR Professionals, Marketing Professionals, etc.

Construction Surveyor

A building surveyor's primary duties include gathering input on a structure or property and giving recommendations in the form of a report. There are other construction-related issues that need to be carefully examined, including structural flaws, preventative maintenance, building sustainability, restoration recommendations, and more. A building surveyor examines them, provides reports, and also develops plans for new structures.