Real estate financial analysts are in high demand

One of the most in-demand real estate related jobs right now is financial analyst and the competitive market means professionals are considering their options.

A survey by specialist recruiters RETS Associates polled 200 financial analysts from across the nation with experience from entry-level through 5-7 years, on their salary, education, willingness to relocate and other applicable, work-related factors.

“It’s interesting to note that among our respondents, 69% have actively pursued a new job or position, either with their current employer or another firm, in the last year,” said Kent Elliott, principal at RETS Associates. “This marks a 9% jump from the previous survey and probably is connected to the falling unemployment levels we’ve noted in that timeframe. Clearly, analysts perceive and are reacting to these market dynamics.”

In a change from 2017’s survey, those who had earned MS/MBA degrees took home higher net salaries than undergrads. Over a three-year period, analysts with graduate degrees showed a 30.8% wage hike, while those with a bachelor’s degree rose 19%.

The poll also reveals regional disparity with junior or senior analysts can expect to earn more in the Pacific Northwest and the Northeastern regions, which posted income growth of 30.5% and 29.5% respectively.

What drives analysts?
Analysts at all levels look at compensation package, growth potential and geographical location when considering a job offer.

However, in a change from previous years, junior analysts place equal value on compensation and growth potential, while senior associates and director-level specialists are more interested in geographical location. Other factors job candidates consider include the office culture, brand name of the firm and job title.

60% of respondents ranked mixed use portfolios as the trend that interests them most, with multifamily attracting 20%. Although specialists with three to five years’ experience are more interested in office (41%) and mixed portfolio (20%).

“With the tight job market and continued demand for analysts, companies should be prepared to offer attractive compensation packages and growth potential to candidates and then be ready to move with an offer when the right person is identified,” Elliott concludes. “It’s a competitive field, so skilled analysts will continue to be sought after and rewarded in the real estate industry.”