Property Education : an evaluation of how well undergraduate property students are prepared for commencing their careers

Abstract

The evolution of property education to adapt to the changing business environment requires changes to course content, method of delivery and assessment. Many universities have a special interest in understanding how the students transition in and transition out of the property programs. The impact of the first year student
experience is often easier to assess through students’ progression in the course and performance in their intermediate and advanced units. However, the students’ success in transitioning from university student to property professional is often more difficult to determine.
In an environment where many property students commence their professional careers while still completing their undergraduate property qualification, a survey of current
final year students was undertaken to identify the students’ perception of their level of preparedness for entry into the professional world. This study has also been informed by feedback received from and informal discussions held with industry representative bodies, alumni and senior members of professional organisations.
The QUT UD40 Bachelor of Urban Development, Property Economics course has been designed to achieve graduate capabilities in core technical skills and generic
professional skills which are required by property professionals. The results of this study were that some units in the program were perceived to provide direct
preparation for students commencing their professional careers whilst the impact of other units was less tangible. Valuable feedback received during the study included an
assessment of the relevance of many multi-disciplinary units, the appropriateness of the programming of units within the course and the appropriateness of repetition of
content during the course. The further research question arises as to how universities can better assist students in the transition to the professional environment when
frequently this occurs prior to completion of the property course.