To become a real estate analyst, most employers require a bachelor’s degree in finance with a background in real estate. Field-related courses and internships can help prepare for the role, as can lower-level positions such as associate financial analyst or property manager.
The steps to becoming a real estate analyst can vary depending on the company, but most employers require you to have at least a bachelor’s degree in finance with a background in real estate. The main duties of a real estate analyst are to assess risk and analyze the profit margins of real estate investments. Some companies that employ this position include banks, investment firms, and property management companies. It is generally important to have a background in finance to become a real estate analyst, as you may be required to research marketing trends and perform other tasks in the financial market.
Prerequisites for finance courses are usually based on mathematics and statistics. Some field-related courses you may need to take include Financial Analysis for Investors and Lenders, Introduction to Investing and Business Finance. These introductory courses can prepare you for detailed courses in the field, including real estate valuation, real estate investment analysis, and real estate financing. A degree program that combines finance and real estate can prepare you for internships or part-time jobs in the field, which can help you become a real estate analyst. It is also a good idea to keep up to date with market trends by subscribing to newsletters and magazines related to the field.
Internships can be offered by different companies in the field, including commercial or residential real estate companies and banks. Some of these internships may combine intense mentorship, on-the-job training sessions, and hands-on projects. You can work directly with senior analysts and help with risk assessment research. Observing the field firsthand can prepare you to become a real estate analyst and help you build your track record. Most internships can last for the duration of one semester and some universities will accept internships as credit towards your degree.
In addition to school and training, there are lower-level positions in the field that can prepare you to become a real estate analyst. Jobs you might consider applying to while in college include associate financial analyst, real estate agent, or property manager. Depending on your location, you may want to research the licensing requirements for these positions. Once you’ve completed your degree program and gained experience in the field, start looking for jobs on Internet job sites and local classified ads. You should also consult local employment banks, real estate agencies and investment firms.
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