Real estate is a fantastic industry to look into if you are considering changing careers or starting one. When the demand for new homes rises domestically and internationally, real estate prices will increase forever.
This article examines the best-paying jobs in real estate investment trusts with the highest-paying positions in Real Estate Investment Trusts or REITs, and the kind of remuneration you may anticipate as you advance up the corporate ladder.
Real estate investing is a booming industry. Numerous new REITs are emerging, allowing investors to profit from emerging residential and commercial real estate investments.
Since not everyone can afford a home, REITs allow investors to invest in real estate, eliminating the hassle of dealing with property maintenance.
Are you with the question, “Are real estate investment trusts a good career path?” Definitely! And if you have just learned about REITs, read the following section to learn more about them with a better understanding of the entire genre.
However, before you jump on the insights, it is predominantly crucial to know what REIT is.
What Are Real Estate Investment Trusts?
Real estate investment trusts are investment vehicles that, in essence, own, finance, or maintain real estate that generates income. REITs were designed to resemble mutual funds, in which many people worldwide may invest in brand-new real estate investments.
The appeal of this was that it allowed real estate investors to own various properties without having to pay high mortgage rates, exorbitant management fees, or rent.
Similar to an individual stock investment, most REITs are traded publicly on the stock market. They can be purchased and sold on the open market.
Investors can narrow down on commercial or residential opportunities with REITs because they often concentrate on a specific area of the real estate market. REITs could invest in apartment buildings, data centers, warehouses, hospitals, offices, and residences. Now, the market segment is enormous, which caters to the chances that many jobs are available in real estate investment trusts.
Intrigued? Let us know more about REIT.
Is Choosing A Career Path In REIT A Wise Decision?
With 83% of financial advisors actively advocating REITs to their clients, REITs are becoming more and more well-liked.
The market is converting now and then. From analyzing the facts, the industry is growing and reasonably solid, which you should look for when choosing a career path.
But REITs are similar to most organizations in that you must put in much effort to rise to the top. Yet, the sector provides outstanding income, room for advancement, and generous bonuses. So, if you think any jobs are available in real estate investment trusts, embrace yourself, as there are ample opportunities to explore.
Now that you know the basics of real estate investment trusts, let us dive deep into the precise details of some of the best-paying jobs in real estate.
Some Of The Best Paying Jobs In Real Estate Investment Trusts
Undoubtedly, one can make a fantastic living from a career in REIT. If you are concerned about how many jobs are available in real estate investment trusts, there are plenty of opportunities to explore.
It is one of the best job sectors where people can work in a dynamic environment with much exposure to various aspects. If you are still reading, get to know the top positions to the average ones and select the best fit for you.
We will start from the highest ladder. The CEO or President under whom the executive team works, consisting of the COO or Operations Director, followed by the CFO or Finance Director and his closest associates, who are typically the highest paid.
> Chief Executive Officer or CEO
The CEO receives the highest salary at all times.
Why? Because their choice is final and has an impact on all of the direct reports as well as the performance of the organization. CEOs often have over 20 years of industry experience and have successfully held department heads before moving up.
Salary Structure: Their bonuses are included in the salary of up to $500,000.
> Chief Finance Officer or CFO
CFO is essential to a business’s success. They are responsible for finding cost-saving opportunities and tax breaks, paying employees, forecasting, planning investments, and ensuring the company’s balances are constantly positive.
Salary Structure: They tend to draw an income of $350,000 annually, with additional bonuses.
> Chief Operational Officer or COO
The COO is the engine that drives the company. He ensures teams working beneath him complete projects on schedule and within budget, and a sizable group of junior operators frequently assists them.
Salary Structure: A COO draws a salary of $325,000 annually, including bonuses.
The above-mentioned are the top positions with the top pay structure. However, there are other high-paying jobs in real estate investment trusts as well.
Other Best Paying Job Roles In REIT
1. REIT Analyst
Degree Required: Bachelor’s degree in finance or real estate is necessary for this position.
Salary Structure: Usually, they receive a net amount of $75,000-$100,000 in salary.
Work: REIT analysts will do research, analyse data, and create a plan for potential new or existing real estate opportunities.
Their work is crucial because before making a new investment decision, the acquisition team frequently consults the data from the analysts. They will assess the market and its opportunities and produce reports for the operations team.
2. Finance Manager
Degree Required: Having a bachelor’s degree in finance is necessary.
Salary Structure: A finance manager annually draws up to $55,000 to $65,000.
Work: A key candidate of the financial team is the finance manager. They frequently have many projects they are in charge of and report directly to the Chief Finance Officer.
Most of the position will be spent at a desk predicting, creating budgets, and providing project reports. They will work closely with the real estate developers to ensure they stay within budget on goods and contractors.
3. Property Developer
Degree Required: A business or real estate MBA is required to become a property developer.
Salary Structure: Their net payable salary is up to $80,000 to $100,000 or more.
Work: Property developers play a crucial role in ensuring that new construction follows a schedule and stays below budget. They manage the hiring and firing of subcontractors as well as work on projects from design to conclusion. Having prior experience in a comparable or more junior capacity will be necessary.
4. Property Manager
Degree Required: No specific qualifications are required, but it is encouraged to have a bachelor’s degree and some prior work experience in the field.
Salary Structure: A person becoming a property manager usually gets a salary of $70,000 to $120,000.
Work: Depending on the type of REIT, the description of this function can be very different. A property manager, for instance, might be in charge of the rentals inside a REIT. But, in other REITs, they will oversee several properties, some of which may or may not be rental properties.
5. Investment Analysts
Degree Required: A bachelor’s degree in business, finance, or investment management is needed to become an investment analyst.
Salary Structure: They are usually paid between $100,000 and $130,000 plus bonuses.
Work: It is among the best-paying jobs in real estate investment trusts. According to their job description, investment analysts serve as a link between the finance and acquisitions departments. They will ensure that the information and analysis in a new project can be used, frequently adding their opinions on top of those of the authorities.
6. Lawyer Of Attorney
Degree Required: A license to practice law approved by the nation’s court system is essential to get a job as a lawyer of attorney.
Salary Structure: The pay ranges from $100,000 to $150,000, depending on the level.
Work: Purchasing estate involves a lot of paperwork and legal red tape. A solicitor may also act on its behalf if the business encounters legal challenges when acquiring or managing a location.
7. REIT Investor
Degree Required: If you wish to get the best paying jobs in real estate investment trusts, earn a bachelor’s degree in finance, real estate, business, or economics and become a REIT investor.
Salary Structure: They are paid between $130,000 to $160,000 in relatively standard salaries.
Work: A REIT investor will act as the catalyst for purchasing new properties and selling existing homes or buildings. Sometimes they will also maintain ties with prospective and present investors to encourage them to continue funding their ventures.
8. Site Acquisition Specialist
Degree Required: A bachelor’s degree in finance, real estate, business, or economics is necessary for this position.
Salary Structure: A site acquisition specialist is paid $130,000 to $160,000 salary.
Work: A site acquisition specialist deals with all of the technical, legal, and contractual aspects of buying a site, as well as the overall purchase of the site. A site specialist will offer operational support with an emphasis on entitlements, building rules, and leasing.
Undoubtedly, this is one of the highest-paying positions and the best paying jobs in real estate investment trusts.
9. Real Estate Acquirer
Required Degree: A bachelor’s degree in finance, real estate, business, or economics is necessary to secure a job as a real estate acquirer.
Salary Structure: A real estate acquirer draws an annual salary of $140,000 to $200,000.
Work: The acquirer’s job is to go out and negotiate the sale of a site after the research, data, and acquisitions teams have evaluated it. This is crucial because it prevents overpaying for land or other assets before construction starts.
Given its value to the trust’s performance, it may be one of the most profitable positions at a REIT. It is also our favourite role because it has a lot of fun to play and explore.
10. Head Of Marketing
Degree Required: A bachelor’s degree in marketing, public relations, or a similar subject is required to become the head of marketing.
Salary Structure: The head of marketing is paid an annual salary of $130,000 to $160,000.
Work: The Head of Marketing or VP Marketing position is crucial for REIT to draw in new clients and investors and thus is one of the best-paying jobs in real estate investment trusts. For instance, the marketing team will be in charge of drawing clients and clients to a new commercial building. There are some business-to-consumer (B2C) campaigns, but the focus is primarily on business-to-business (B2B) marketing.
You can replace your day job income with real estate.— Alan Corey (@RealEstateMaxi) March 28, 2023
It took me 4 years and 4 properties.
I have 23 yrs of experience in various markets.
Here are the 6 lessons everyone should know.
Know The Benefits Of Working For A REIT?
You may have noticed that there are numerous roles at a REIT covering duties that would be suitable for a wide range of people. Additionally, all the positions are among the best paying jobs in real estate investment trusts with ample benefits.
The principal advantages of working for a REIT are:
- Several high-paying job categories
- A global industry in growth
- Travel and adaptability
- Excellent benefits and investment possibilities
- Good career development
It is time to look for a job now that we have listed the highest-paid positions in real estate investment trusts for you. Nope! We meant looking for work. Update your résumé, look for a position that fits your qualifications, and get ready to launch a lucrative real estate career.