Are you looking to make a career in real estate investment trusts (REITs) and want to know about the best paying jobs in this field? REITs are companies that own, operate, and finance income-generating real estate, such as offices, apartments, and shopping centers. Investing in REITs can be lucrative, and so can working for them. This article will provide you with a comprehensive guide to the best paying jobs in real estate investment trusts.
Jobs in Real Estate Investment Trusts
According to a study by the National Association of Real Estate Investment Trusts, the US REIT industry employed 150,000 people in 2019. There are various positions in REITs, ranging from executive-level jobs to technical positions.
Here are some of the best paying jobs in REITs:
- Chief Executive Officer (CEO) [3]
- Sales Manager [1]
- Financial Risk Specialist [1]
- Investor and Client Relations [1]
- Investment Analyst [1]
- Accountant [1]
- Asset Manager [1]
- Real Estate Attorney [2]
- Chief Operating Officer (COO) [3]
- REIT Analyst [3]
- Finance Manager [3]
- Property Developer [3]
Now let’s take a closer look at each of these positions:
Chief Executive Officer (CEO):
As the highest-ranking executive in the company, the CEO is responsible for the overall management of the REIT, including setting strategic goals, making major corporate decisions, managing the company’s resources, and acting as the main point of contact with shareholders and investors. The salary for this position can range from $250,000 to $500,000 or more, depending on the size and success of the REIT. [3]
Sales Manager:
The sales manager is responsible for managing and leading the sales team and developing sales strategies to achieve revenue targets. They also work closely with the marketing team to develop promotional campaigns and identify potential customers. The salary for this position can range from $75,000 to $150,000 or more, depending on the size and success of the REIT. [1]
Financial Risk Specialist:
This is a professional who specializes in identifying, analyzing, and managing potential financial risks for individuals or organizations. They are responsible for conducting risk assessments and creating risk management strategies to mitigate potential losses. A financial risk specialist can work in various industries such as banking, insurance, or investment management [1].
Investor and Client Relations:
This role involves maintaining relationships with clients and investors to ensure their satisfaction with the services or products offered. Professionals in this field are responsible for communicating with clients and investors, answering their questions and concerns, and providing regular updates on the company’s performance. They may also be involved in marketing and promoting the company to attract new clients and investors [1].
Investment Analyst:
This is a professional who analyzes financial data to identify potential investment opportunities for clients or companies. Investment analysts use various tools and techniques to assess the financial health of companies and industries, and provide recommendations on investments that align with their clients’ goals and risk tolerance. They may work in investment banks, asset management firms, or hedge funds [1].
Accountant:
This is a professional who specializes in managing and analyzing financial information for individuals or organizations. Accountants are responsible for preparing financial statements, tracking expenses and revenues, and ensuring compliance with tax laws and regulations. They may work in various industries, including accounting firms, government agencies, or private companies [1].
Asset Manager:
This is a professional who oversees the management and optimization of a portfolio of assets such as stocks, bonds, or real estate. Asset managers are responsible for analyzing market trends and economic data to make investment decisions that align with their clients’ goals and risk tolerance. They may work in asset management firms, investment banks, or private equity firms [1].
Real Estate Attorney:
This is a legal professional who specializes in real estate law. Real estate attorneys are responsible for drafting and reviewing legal documents related to real estate transactions, such as purchase agreements, leases, and mortgages. They may also represent clients in court in real estate disputes and provide legal advice on zoning laws and regulations [2].
Chief Operating Officer (COO):
This is a senior executive who oversees the daily operations of a company or organization. The COO is responsible for ensuring the efficient and effective functioning of all departments, and for implementing strategies to achieve the company’s goals. They may also work with other executives to develop and implement long-term business plans [3].
REIT Analyst:
This is a professional who specializes in analyzing Real Estate Investment Trusts (REITs). REIT analysts are responsible for evaluating the financial health of REITs and making investment recommendations to clients or companies. They may work in investment banks, asset management firms, or hedge funds [3].
Finance Manager:
This is a professional who manages the financial operations of a company or organization. Finance managers are responsible for creating and implementing financial strategies to maximize profits and minimize costs. They may also oversee the accounting department and financial reporting, and work with other executives to develop and implement long-term business plans [3].
Property Developer:
This is a professional who specializes in developing real estate properties. Property developers are responsible for identifying potential development sites, securing financing, and managing the construction process. They may also work with architects, contractors, and other professionals to design and build the property [3].