According to the report in Economic Times, the construction and real estate sector together is the second-largest employment provider in the country. Due to the increasing demand for urban development and infrastructure, there are a lot of opportunities in these two sectors. As per the National Skill Development Council (NSDC), the construction and real estate sector is expected to require over 66 million people by 2022.
Construction projects suffer a lot due to the completion and handing over the project in a limited period of time. This is one of the reasons why the quality has to be compromised. Although nowadays this is improving, a lot of skilled professionals are needed for the two due to the growing demand for infrastructure and development.
Due to the increasing demand for skilled professionals, various industries are encouraging architects and civil engineers to explore these profitable sectors. Various institutes have started multiple courses such as construction project management courses, quantity surveyor courses, infrastructure management courses, among many others, to prepare the young generation to face, survive, and grow in this competitive and lucrative industry.
Now the question arises, what these courses taught about, and how these construction management courses in India help learners to be trained for the industry.
What is Construction Project Management?
Construction project managers plan, manage, and monitor the project from beginning till the completion. Primary tasks of construction project managers include:
- Creating Benchmarks
- Risk Management
- Budget Management
- Distributing the resources
- Communicating and Managing the staff
- Maintaining the relationship with key stakeholders
And many others! Every task related to the construction needs construction project managers indirectly or directly. By pursuing courses in construction project management, the young generation will able to develop skills that are required in order to survive and grow in this sector. They will able to learn various aspects, such as:
- To plan efficiently keeping in mind budget, task, and risk related to the project
- Formulation of contracts efficiently
- To manage each task in the best possible manner
- To communicate appropriately with everyone connected with the project be it the workers, stakeholders
What is Construction Economics and Quantity Surveying?
The job of the quantity surveyor is to manage the costs related to the construction and engineering projects. From beginning costs to final figures, quantity surveyors try to find ways to minimize the costs of the project and enhance value for money while making sure that the project meets all the requirements in an efficient manner. Primary jobs of the quantity surveyor include:
- Conducting feasibility research to estimate materials, labor, and time costs
- Analyzing, preparing, and negotiating costs for contracts and tenders
- Look after coordination of each task
- Advising on a range of contractual and legal issues
- Arranging for payments and valuing completed work
If anyone wants to pursue Masters in construction management in India or an MBA in construction economics and quantity surveying one of the best colleges in RICS SBE (School Of Built Environment). They have campuses in Noida and Mumbai. RICS SBE has started these courses to make sure that the young generation, which is entering in these sectors, have the required skills to fulfill the demand efficiently and effectively. The institute also serves as a hub for research and development in the built environment sector. They offer the following courses:
- BBA in Real Estate and Urban Infrastructure
- MBA in Real Estate and Urban Infrastructure
- MBA in Construction Project Management
- MBA in Construction Economics and Quantity Surveying
Ph.D. in Built Environment
These programs help to develop skills that are vital to surviving and growing in the construction and real estate sector. Some of those skills are:
- Problem-solving skills
- Numerical skills
- Time management skills
- Analytical and data interpretation skills
- The ability to organize the project and personal work in addition to meeting deadlines
- Negotiation and dispute resolution skills
- The ability to work independently
- Interpersonal skills and teamwork
- Verbal and written communication skills
- Presentation skills
- Confidence with business management systems
- Project management skills
- IT skills and digital literacy
RICS SBE is well known for its placements. For the year 2018-2019, 94% of students are placed. The salary packages that were offered by the companies were also quite high; the highest salary per annum (international) was 32 lakhs, and for (Domestic), it was ten lakhs. Their students have been placed in the following sectors:
- Banks and Financial Services
- Real Estate Developer
- Construction, Contracting, and Consulting Firms
- Property Consultants
- Professional Services, Consulting, and Advisory Firms, and Corporate Occupiers
Organizations that have hired students from RICS SBE are CITIBANK, EMRILL, Kotak Mahindra Bank, AECOM, OYO, Knight Frank, ADROIT, LIVSPACE.COM, CBRE, VEDAS, ELEGANZ, among many others.
If you are one of the people who have a question in mind about- what to do after an architecture degree? Or what after completing b tech in civil engineering? These following are the jobs that you can do after architecture degree:
- Construction Manager
- Project Manager
- Site Engineer
- Building Surveyor
- Planning and Development Surveyor
- Quantity Surveyor
- Consulting Civil Engineer
- Financial Manager
- Urban Manager
- Estates Manager
- Contracting Civil Engineer
- Building Services Engineer
If you want to pursue a career in these two-sectors, don’t worry, chase your dream as a career in this sector will be a lucrative one. All The Best!