A real estate analyst carries out research and evaluation of statistics in the real estate industry to make recommendations that will inform profitable investment opportunities. He/she uses the data from research to perform financial analysis and forecasting. Then advises clients based on his/her findings. A real estate analyst reports on market trends, economic conditions, and projections. Users of this information include government, real estate agents, architects, and appraisers.
Banks, government, real estate agencies, and investment companies are among the businesses that will employ real estate analysts. A successful real estate analyst has strong analytical skills, mathematical ability, previous analysis experience, and communication skills.
Real estate analysts typically work full time 40 hours a week, five days a week, 9-to-5. They may work extra hours and on the weekends in instances where they travel to have meetings with their stakeholders or visit property locations.
There is more than meets the eye when it comes to being a real estate analyst. For example, did you know that they make an average of $31.39 an hour? That's $65,299 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 real estate 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 analytical skills, computer skills and math skills.
When it comes to the most important skills required to be a real estate analyst, we found that a lot of resumes listed 13.0% of real estate analysts included financial statements, while 11.3% of resumes included real estate, and 9.9% of resumes included market research. 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 real estate analyst job title. But what industry to start with? Most real estate analysts actually find jobs in the finance and real estate industries.
If you're interested in becoming a real estate analyst, one of the first things to consider is how much education you need. We've determined that 78.2% of real estate analysts have a bachelor's degree. In terms of higher education levels, we found that 13.4% of real estate analysts have master's degrees. Even though most real estate analysts have a college degree, it's impossible 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 a real estate analyst. When we researched the most common majors for a real estate analyst, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on real estate analyst resumes include associate degree degrees or doctoral degree degrees.
You may find that experience in other jobs will help you become a real estate analyst. In fact, many real estate analyst jobs require experience in a role such as internship. Meanwhile, many real estate analysts also have previous career experience in roles such as finance analyst or administrative assistant.