As an asset analyst, you are to work on day-to-day tasks for properties that are already in their company's portfolio, intending to maximize the profitability of the operating assets. Your job requires you to execute analyses of the operating performance of assets and also provide assistance with financial analysis and forecasting. Your main responsibility revolves around maximizing total ROI for all assets. By doing this, you will be able to assess where to add value and improve on the existing and current assets of the organization.
Providing leadership, overseeing business plans, forecasts, budget leases, analysis, and approvals are all part of your jurisdiction as an asset analyst. You are allowed to work closely with other property managers, lease agents, lease administrators, and accountants to ensure productivity and more business opportunities for the company. You are also responsible for preparing reports for institutional partners and investment committees by using Adobe suite tools or PowerPoints. Plus, you'll often have to arrange with third-party contracts and help in property manager transitions.
As an asset analyst, some role-based soft skills you must possess are excellent communication skills, analytical skills, organizational skills, computer skills, interpersonal skills, and collaborative skills. The average salary of an asset analyst yearly is $73,000. The minimum educational criterion for this position is a bachelor's degree in Finance, Accounting, Real Estate, or other related fields. However, some employers prefer an MBA.
There is more than meets the eye when it comes to being an asset analyst. For example, did you know that they make an average of $35.4 an hour? That's $73,622 a year!
Between 2018 and 2028, the career is expected to grow 6% and produce 20,300 job opportunities across the U.S.
There are certain skills that many asset analysts have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed computer skills, math skills and analytical skills.
When it comes to the most important skills required to be an asset analyst, we found that a lot of resumes listed 20.5% of asset analysts included asset management, while 13.0% of resumes included financial statements, and 5.5% of resumes included ensure compliance. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the asset analyst job title. But what industry to start with? Most asset analysts actually find jobs in the finance and retail industries.
If you're interested in becoming an asset analyst, one of the first things to consider is how much education you need. We've determined that 74.1% of asset analysts have a bachelor's degree. In terms of higher education levels, we found that 11.0% of asset analysts have master's degrees. Even though most asset analysts have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become an asset analyst. When we researched the most common majors for an asset analyst, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on asset analyst resumes include associate degree degrees or high school diploma degrees.
You may find that experience in other jobs will help you become an asset analyst. In fact, many asset analyst jobs require experience in a role such as finance analyst. Meanwhile, many asset analysts also have previous career experience in roles such as accountant or administrative assistant.