Latest World News - Breaking News & Top Stories. Latest breaking news and information on the top stories, weather, business, entertainment, politics and many more.
Bitcoin
Ethereum
Ripple
Litecoin
EOS
Cardano
Stellar
NEO
NEM
DigitalCash
Tether
Binance Coin
QTUM
Verge
Ontology
ZCash
Steem

How Many Jobs Are Available In Real Estate Investment Trusts

Did you know India has 53 million unemployed citizens as of December 2021, and the huge portion of unemployed people is female; as per the reports of the Center for Monitoring Indian Economy. But let’s don’t talk on the negative part. According to the reports of the year 2022, the rate of employment in India is 45.97% male and 51.44% female, which is quite excellent.

There are various sectors which offer huge employment opportunities to grow the economy faster after COVID-19.  Among that various sectors Real Estate Investment Trusts are famous. In this article we will discuss about REIT and the jobs that are available in it.  

Also Read: Top 10 Best Short Term Investments That You Should Know In 2022

What Is A Real Estate Investment Trust? 

REIT

A Real Estate Investment Trust is a company that owns residential or commercial real estate, or both. The properties contained within the REIT generate income and relative stability based on long-term leases, which enables its investors to benefit from gains in the real estate market without spending money directly on property.

There are several types of real estate investment trusts from office to industrial, retail, lodging/resort, residential, timberlands, health care, self storage, infrastructure, data centers, diversified or combination, specialty and mortgage.

Why Are REITs Popular? 

According to one estimate, approximately 145 million Indians are invested in REIT stocks. For most people, exposure to real estate investment trusts comes through their employer sponsored or other retirement account. REITs offer consumers several advantages, including dividend yields, partial independence from the performance of the S&P 500, easy liquidity and advantageous tax conditions.

Number of Jobs Available at Real Estate Investment Trusts

Approximately 274,000 plus professionals were employed full-time by a REIT in2021. A quick survey of LinkedIn reveals plenty of open positions today, more than 1,000 and on Indeed.com, the number of REIT jobs listed is even higher, at more than 3,000.

Also Read: Top 10 Best Long Term Investments That You Should Know In 2022

Types of Jobs Available

A REIT is responsible for every aspect of a real estate project from its initial development to property management and investor relations. That means there is space for project managers, agents and more. At a broader level, people working inside of a REIT also need to ensure its success, so there are professionals managing the trust’s assets and real estate portfolio.

How Much Can You Earn Working for a REIT?

According to Glassdoor analysis, a REIT Analyst earns a base pay of $70,862 per year on average. A Senior Analyst typically earns $87,981 and a Lead Analyst earns $96,333.

Skill Sets Worth Developing if You Want to Work in REITs

In order to compete for jobs in real estate investment trusts, you should possess strong written and verbal communication skills, proficiency with Excel and other Microsoft Office Suite products and proficiency with data analysis.

An interest in data science will also serve you well, as many REIT analysts have a working understanding of statistics and experience working with databases. Make sure that you know your way around data visualization tools, such as Tableau, and database querying tools such as SQL and Python.

How Much Experience Will You Need to Be a Competitive Candidate?

Most REIT Analysts have two to four years on the job so once you are at or past that point, you can rest assured that you’re fairly competitive from an experience standpoint.

Job Satisfaction Levels for REIT Analysts

A career in the financial services sector is not stress-free, as REIT Analyst ratings reveal. About 85,000 surveys of people working in this position report their work/life balance as 3.6 out of five stars. They’re less enthusiastic about their compensation and benefits, scoring 3.4/5, and career opportunities, at 3.5/5.

An Industry Positioned for Growth

Although working in the financial services sector is not for everyone, it is not without its rewards. At a real estate investment trust in particular, it’s possible to earn a good base salary at a company entrenched in a business that isn’t going anywhere real estate. The skill sets needed closely match those in related fields, such as data science so you’re likely to find them highly transferable should you ever need or want to make a career change.

Also Read: SOFI Stock: Must Be In A List Of Penny Stock Investments List In 2022

Into The Nut Shell

Though each and every profession has its own importance, but now a days, Real Estate Investment Trust catches more eyes on it. Here we discuss each and every aspect that will help you to get a professional  job in Real Estate Investment trusts, you need to follow these instructions and  plan your future accordingly. But I must say, the future of Real Estate investment Trusts is so bright so if you  are thinking of getting a job  as a REIT analyst or anything you are on the right track, just keep going!      

Comments are closed.