5 High-Paying Jobs in Real Estate Investment Trusts (REITs) for 2023

 Unless you're one of the few individuals who has a clear idea of what you want to accomplish with your life, selecting a future job might be difficult.

More individuals are choosing to work in the real estate sector due to its high percentage of job satisfaction and robust real estate market.

According to a report commissioned by the National Association of Real Estate Investment Trusts, Real Estate Investment Trusts (REITs) are predicted to sustain 3.2 million employment within the sector in 2021. (Nareit).

5 High-Paying Jobs in Real Estate Investment Trusts (REITs) for 2023

The industry is still growing, which means there are more prospects for advancement in a variety of property management and development professions.

I'll discuss the highest-paying positions in real estate investment trusts in this post, along with other things you should be aware of before choosing a profession.

Real Estate Investment Trusts: What Are They?

REITs, or real estate investment trusts, are collective investment vehicles that hold and manage income-producing real estate in the residential, commercial, and industrial sectors. They remove the capital required and the difficulty of owning complete properties, enabling accredited and normal investors to participate in real estate.

You are investing in a business that owns real estate when you buy a REIT, not a specific piece of real estate. These businesses keep the premises for an extended period of time and make money through rent or lease payments.

Consider this scenario: Let's say you wish to purchase real estate in a specific area. You may either buy a property in that market region or invest in shares of a REIT that owns property there. The property will subsequently be managed by the REIT, which will also take rent or lease payments. To raise the value of the property, they could also develop and upgrade it.

What Percentage of Real Estate Investment Trusts Are There?

Today, there are hundreds of REITs worldwide. They possess a variety of property types in every state, from retail complexes to medical office buildings to data centers, with a market valuation of more than $1.4 trillion.

Between 2017 and 2022, the US Real Estate Investment Trusts business had average annual growth of 0.3%, according to a survey by IBIS World.

The Securities and Market Commission (SEC) in the United States has registered more than 225 real estate investment trusts (REITs) that trade on a significant stock exchange, such as Nasdaq or the New York Stock Exchange. Privately held companies make up the majority of the more than 1,100 REITs that have submitted tax filings to the IRS.

What Is the Future of Employment for Real Estate Investment Trust Employees?

There is a strong demand for workers in real estate investment trusts since there are many prospects for promotion and a constant need for more employees in the real estate sector.

With more individuals investing in REITs and more job prospects for REIT employees, the real estate sector is predicted to expand.

According to projections from the Bureau of Labor Statistics (BLS), there will be a 5% increase in jobs for real estate and rental services between 2021 and 2031.

As a result, the employment market for people working for real estate investment trusts is anticipated to grow at a pace of 9% to 10% year, indicating that there will be more top-level roles open in the future years.

In addition, a business degree is necessary for 30% of all REIT employment in order to advance to the management level. Even so, it is possible to get entry-level jobs to start your career without any official training or experience.

How Many Jobs Do Real Estate Investment Trusts Have Available?

Jobs in REITs are becoming more plentiful as the real estate industry expands and changes. There are now 1100 positions available in real estate investment trusts, according to a LinkedIn job search.

Property managers, senior equities research analysts, real estate property appraisers, and corporate development managers are just a few examples of the several job titles that fall under this category.

With over 1900 positions listed on Indeed, there are even more job vacancies in the US.

For those wishing to break into the industry, there are several career options in real estate. REITs offer a complete platform to start your adventure, whether you are interested in becoming a real estate investor, real estate agent, financial analyst, or corporate management.

Top 5 REIT Positions for 2023

It may be believed that the employment market for REITs would get more competitive because the real estate industry is anticipated to increase in the approaching years. The highest-paying roles in REITs are management and executive, like in most professions.

There are still a number of profitable opportunities available in REITs, regardless of your qualifications and degree of expertise. Here is a list of the Real Estate Investment Trust positions that will pay the most in 2023

1- Chief Executive Officer ($500,000 maximum salary)

The CEO is often the person making the highest salary in the organization.

A CEO receives a big salary, but why? It's straightforward: their choices have the potential to influence the company's overall course. The CEO, who earns the highest salary within the firm, is in charge of making strategic decisions that have an influence on both the company's performance and those of all direct reports.

It's not an easy assignment, and not just anyone can handle it. Real estate investment trust CEOs generally have at least 20 years of experience and are seasoned business leaders. They have established themselves as effective leaders by moving up the ranks and assuming various departmental positions.

The CEO role is one of the most challenging and lucrative positions in the real estate investment trusts sector, to put it briefly. It demands capable decision-making, excellent leadership abilities, and in-depth understanding of the sector. The benefits, however, are well worth it for those who are up for the effort.

2- Chief Financial Officer ($350,000 annual salary)

A real estate investment trust's chief financial officer oversees the company's finances and makes sure that it will continue to be stable and develop over time. In addition to managing the budgeting and financial planning process, their responsibilities also include formulating plans to enhance the company's financial performance and evaluating financial data to find patterns and areas for development.

Managing the accounting and finance team and cultivating connections with important stakeholders including investors, lenders, and regulatory agencies are additional duties. They are handsomely paid for their knowledge and have a big influence on the organization's performance.

3- Chief Operating Officer ($325,000 annual salary)

The organization's skeleton, the Chief Operating Officer (COO), ensures the successful completion of the project. The COO is responsible for a variety of tasks, including team management, senior operator leadership, and the development of younger staff.

They make sure that everything operates on schedule and within budget by utilizing their operations and administrative knowledge. Because of this, they are a highly sought-after job for those who have made a name for themselves in this industry.

Any business will benefit greatly from the strategic thinking and development of long-term success plans that a COO will provide.

4- A REIT Analyst ($75,001 to $100,000)

A REIT's success is significantly influenced by its analysts. Their pay ranges from $75,000 to $100,000. To qualify, you must have a bachelor's degree in either real estate or finance. Effective research, analysis, and strategy development for any new or current real estate prospects are required of the REIT Analyst.

The acquisition team receives the findings and decides whether or not the REIT should invest based on the information given. REIT analysts also take into account and assess additional market potential.

5- Finance Manager ($65,001 to $75,000)

Consider working as a finance manager if you want a high-paying, reliable REIT profession. The Finance Manager, who has a degree in finance, makes sure that projects are reported on appropriately and that REIT investments are properly handled.

They plan ahead, make budgets, and make sure that resources aren't being overused by developers. Finance Managers work on some of the most important initiatives for REITs and report directly to the chief financial officer. They play a crucial role in any successful REIT team.

The advantages of working for a REIT

Gaining expertise in the real estate sector might be made possible by working for a Real Estate Investment Trust (REIT). The following are some benefits of working for a REIT:

Flexibility

This is difficult to obtain in many other industries, but many REIT firms provide flexible work schedules and let employees customize their hours according to their particular requirements and preferences.

Career Advancement

As you develop expertise and industry knowledge, REITs allow you to advance swiftly. There will be many chances for lateral mobility into different company sectors or for advancement.

Financial Opportunities

Working for a REIT entitles you to a high starting salary as well as attractive incentives and stock options as you advance.

Diversity of Businesses

The many enterprises that serve various industries are supported by REITs. Each day is different and has its own problems; you can find yourself managing retail establishments or investing huge sums of money in real estate holdings.

Stability & Security

The stability of employment in the real estate sector, in contrast to many other businesses, is a big benefit of working for a REIT.

How much money can one make working for a REIT?

It may be satisfying to work for a REIT (Real Estate Investment Trust). Although I only discussed the highest-paying REIT positions in this post, the typical base compensation for the sector is $75,000. Compared to median pay in other industries, that is much greater. Larger corporations with more complicated work requirements often pay more, whereas smaller businesses with narrower profit margins typically provide the lowest-paid positions.

How Can I Become an Expert in Real Estate Investment Trusts?

Here is a short roadmap to becoming a Real Estate Investment Trust specialist:

Step 1: Get Educated on the Topic: Learn the essentials of real estate investment by enrolling in courses and programs.

Step 2: Build Your Network: Make connections with industry experts and seek out mentors who can provide you advice.

Step 3: Research Companies: Find the ideal business by doing your study.

Step 4: Prepare for Success: Prepare yourself for success and make sure you're up for the task of working in REITs. Creating a commercial real estate property analysis, for instance, or understanding how to arrange agreements in commercial real estate

Conclusions Regarding the Best REIT Jobs

You can see that working in the REIT sector may be highly fulfilling. The occupations I've featured are some of the highest-paying ones out now, and they provide stability and room for advancement, but they also need specialized training and extensive experience. There are other methods for investors to generate money if a real estate job is not their thing. Here is a guide that explains how to invest in real estate in greater detail.