Real estate investment trusts (REITs) are becoming an increasingly popular investment option, and as a result, the job market for professionals in this field is also on the rise.
If you’re considering a career in REITs, you may be wondering about the number of job opportunities available and what kind of roles are in demand.
This article will provide a comprehensive guide to the job market for REITs, including information on the most in-demand jobs, qualifications required, career paths, and job outlook.
We’ll also take a look at the best-paying jobs in REITs, and explore whether or not a career in REITs is a good choice for you.
So, let’s dive in and discover the job opportunities available in the world of real estate investment trusts!
What Are The Most In-Demand Jobs in Real Estate Investment Trusts?
You may be wondering how many job opportunities are available in the world of real estate investment trusts (REITs). As REITs become an increasingly popular investment option, the job market for professionals in this field is also on the rise.
If you’re considering a career in REITs, it’s important to know which jobs are in high demand. In this section, we will take a closer look at the 7 most in-demand jobs in REITs from zippa.com. We’ll dive deeper into each role, including information on qualifications required and career outlook. This will help you understand if a career in REITs is the right choice for you.
1) Real Estate Administrative Assistant
With over 854,000 jobs in the U.S. and 73,000 job openings, a real estate administrative assistant plays a vital role in the smooth functioning of a real estate office. They handle tasks such as scheduling appointments, answering phones, and maintaining records.
2) Real Estate Sales
With 150,000 jobs in the U.S. and 23,000 job openings, real estate sales professionals are responsible for selling properties to clients. They work closely with buyers and sellers to negotiate deals and close transactions.
3) Real Estate Sales Associate
With 148,000 jobs in the U.S. and 150,000 job openings, real estate sales associates assist sales agents in finding and selling properties to clients. They typically handle tasks such as scheduling appointments and conducting market research.
4) Real Estate Consultant
With 147,000 jobs in the U.S. and 30,000 job openings, real estate consultants provide expert advice to clients on buying, selling, or renting properties. They typically have a deep understanding of the local real estate market and can provide valuable insights.
5) Property Manager
With 117,000 jobs in the U.S. and 20,000 job openings, property managers are responsible for overseeing the day-to-day operations of properties. This includes tasks such as collecting rent, maintaining the property, and dealing with tenant issues.
6) Real Estate Sales Supervisor
With 77,000 jobs in the U.S. and 26,000 job openings, real estate sales supervisors manage and train sales agents to help them achieve their sales goals. These supervisors also play a key role in ensuring the efficient and effective operation of the sales team and are often responsible for setting and achieving sales targets.
7) Escrow Officer
With 69,000 jobs in the U.S. and 74,000 job openings, escrow officers are responsible for handling the closing process for real estate transactions. This includes tasks such as preparing and reviewing documents, coordinating with all parties involved, and ensuring the smooth transfer of ownership.
What are the Best Paying Jobs in Real Estate Investment Trusts?
When it comes to the best-paying jobs in REITs, it’s not just about salary. It’s also about the benefits and opportunities for growth and advancement within the company. However, some of the highest-paying jobs in REITs include positions such as REIT analysts, REIT managers, and REIT fund managers.
Now to the point, here is you answer to the best paying jobs in real estate investment trusts. according to PayScale, the average salary for a REIT analyst is around $63,000 per year, while a REIT manager can earn an average salary of around $89,000 per year. Topping both of those off, REIT fund managers earn an average salary of around $122,000 per year.
Is Real Estate Investment Trusts a Good Career Path?
A career in REITs can be a wise choice for those with an interest in real estate, finance, or a passion for helping others build and preserve their wealth. REITs provide investors with a way to invest in real estate without the need to buy or manage property themselves. And, for professionals working in REITs, it can provide a challenging and rewarding career path.
One of the benefits of a career in REITs is the opportunity to work with a variety of clients, including individuals, institutions, and corporations. Additionally, a career in REITs offers the opportunity to work with a diverse range of properties, such as commercial, residential, and industrial properties. The work can also be quite varied, including tasks such as analyzing financial data, researching market trends, and making investment decisions.
However, it’s critical to note that a career in REITs can also be quite competitive and fast-paced, so it’s key to be prepared for a challenging and demanding work environment. Beyond the competitive and fast-paced environment, having a strong understanding of real estate and finance, as well as the ability to analyze and interpret financial data is crucial.
To stand out in the field, it’s recommended to have a relevant degree such as a Bachelor’s degree in real estate, finance, or a related field. Additionally, obtaining industry certifications such as the Real Property Administrator (RPA) or the Accredited Commercial Manager (ACoM) from Building Owners and Managers Institute (BOMI) International can help in advancing your career.
Takeaway
Overall, a career in REITs could be a worthwhile choice for those with an interest in real estate, finance, or a passion for helping others build and preserve their wealth. It offers a diverse range of job opportunities and the potential for career growth and advancement. However, it’s imperative to be prepared for a competitive and fast-paced work environment and to continuously strive for professional development.
By obtaining a relevant degree and industry certifications, you can increase your chances of success in the field. Remember, Real Estate Investment Trusts (REITs) are becoming an increasingly popular investment option, and as a result, the job market for professionals in this field is also on the rise. So, if you’re considering a career in REITs, now is a suitable time to start exploring the opportunities available in this exciting field.
Now that you’ve read about the best paying jobs in real estate investment trusts, how many jobs are available in real estate investment trusts, and if real estate investment trusts a good career path, you may be interested in exploring other career opportunities in the financial industry. For more information on profitable careers, be sure to check out our recent article, ‘The 7 Most Profitable careers in Financial Consumer Services‘ to learn more about the lucrative opportunities available in the financial industry.
On top of this artcle, we would also like to thank MarketWatch for featuring WealthBiscuit for a press release.
