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Real estate analyst hiring summary. Here are some key points about hiring real estate analysts in the United States:
Here's a step-by-step real estate analyst hiring guide:
A Real Estate Analyst provides financial analysis in support of the financing, acquisition, marketing, and leasing of a certain property. They also research and analyze new business opportunities.
The real estate analyst hiring process starts by determining what type of worker you actually need. Certain roles might require a full-time employee, whereas part-time workers or contractors can do others.
Hiring the perfect real estate analyst also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.
This list presents real estate analyst salaries for various positions.
| Type of Real Estate Analyst | Description | Hourly rate |
|---|---|---|
| Real Estate Analyst | Financial analysts provide guidance to businesses and individuals making investment decisions. They assess the performance of stocks, bonds, and other types of investments. | $21-54 |
| Finance Professional | The primary job of finance professionals is to provide financial services using their knowledge of finance, tax laws, and accounting. These professionals typically help with corporate finance, personal finance, or both... Show more | $14-46 |
| Investment Banking Internship | An investment banking intern is responsible for assisting investment bankers in delivering high-quality financial services to clients while learning various investment strategies and other related banking disciplines. Investment banking interns observe the investment processes, shadow bankers on their daily operations, and contribute to identifying business opportunities based on their class knowledge to practical applications... Show more | $12-34 |
Including a salary range in your real estate analyst job description helps attract top candidates to the position. A real estate analyst salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.
For example, the average salary for a real estate analyst in Louisiana may be lower than in Connecticut, and an entry-level real estate analyst usually earns less than a senior-level real estate analyst. Additionally, a real estate analyst with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $87,154 | $42 |
| 2 | Washington | $82,272 | $40 |
| 3 | New York | $81,293 | $39 |
| 4 | New Jersey | $81,222 | $39 |
| 5 | Pennsylvania | $80,692 | $39 |
| 6 | Massachusetts | $75,414 | $36 |
| 7 | Virginia | $70,551 | $34 |
| 8 | Maryland | $70,084 | $34 |
| 9 | District of Columbia | $69,462 | $33 |
| 10 | North Carolina | $67,927 | $33 |
| 11 | Indiana | $66,577 | $32 |
| 12 | South Carolina | $66,542 | $32 |
| 13 | Texas | $63,595 | $31 |
| 14 | Minnesota | $63,083 | $30 |
| 15 | Illinois | $62,911 | $30 |
| 16 | Iowa | $62,830 | $30 |
| 17 | Ohio | $62,630 | $30 |
| 18 | Colorado | $62,187 | $30 |
| 19 | Michigan | $61,654 | $30 |
| 20 | Arizona | $61,477 | $30 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | McKinsey & Company Inc | $137,314 | $66.02 | |
| 2 | $128,893 | $61.97 | 7 | |
| 3 | First Republic Bank | $125,810 | $60.49 | |
| 4 | AllianceBernstein | $124,082 | $59.65 | 2 |
| 5 | Canaan | $119,137 | $57.28 | |
| 6 | Ernst & Young | $118,695 | $57.06 | 604 |
| 7 | RSM US | $114,701 | $55.14 | 18 |
| 8 | Amazon | $114,405 | $55.00 | 22 |
| 9 | AIG | $112,974 | $54.31 | 2 |
| 10 | GFI Group | $112,855 | $54.26 | |
| 11 | Deutsche Bank | $112,422 | $54.05 | 13 |
| 12 | UBS | $112,281 | $53.98 | 5 |
| 13 | Nuveen Investments | $111,557 | $53.63 | 3 |
| 14 | Anglo Irish Bank | $111,391 | $53.55 | |
| 15 | Royal Bank of Canada | $111,352 | $53.53 | 10 |
| 16 | BNY Mellon | $110,988 | $53.36 | 12 |
| 17 | Douglas Elliman | $110,936 | $53.33 | |
| 18 | J.P. Morgan | $110,719 | $53.23 | |
| 19 | BNP Paribas | $109,838 | $52.81 | 1 |
| 20 | MSCI | $109,399 | $52.60 |
A good real estate analyst job description should include a few things:
Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of a real estate analyst job description:
There are a few common ways to find real estate analysts for your business:
Recruiting real estate analysts requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.
It's also good to ask about candidates' unique skills and talents to see if they match your ideal candidate profile. If you think a candidate is good enough for the next step, you can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you have selected a candidate for the real estate analyst position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize the agreement with a contract.
It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.
Once that's done, you can draft an onboarding schedule for the new real estate analyst. Human Resources should complete Employee Action Forms and ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc. They should also ensure that new employee files are created for internal recordkeeping.
Before you start to hire real estate analysts, it pays to consider both the one-off costs like recruitment, job promotion, and onboarding, as well as the ongoing costs of an employee's salary and benefits. While most companies that hire real estate analysts pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
Real estate analysts earn a median yearly salary is $71,206 a year in the US. However, if you're looking to find real estate analysts for hire on a contract or per-project basis, hourly rates typically range between $21 and $54.