Next in our exclusive series dedicated to unlocking the doors to your future is one of the most dynamic and lucrative roles in the industry: real estate analyst. Get ready to dive into the captivating world where every property holds a story, and every investment opportunity is a chance to shape communities and futures.
Ever wondered what's behind the curtain of the real estate world? Real estate analysts are the wizards making magic happen, guiding investors and developers toward golden opportunities. Here’s what we know…
What is a real estate analyst?
Real estate analysts are akin to your modern-day Sherlock Holmes…with a keen eye for detail and a knack for unraveling complex mysteries, they delve deep into the labyrinth of market statistics, property valuations, and potential risks. Their expertise lies in deciphering the clues hidden within data, enabling them to make the right decisions, and guide investors towards savvy investment moves that stand the test of time.
My 'aha' moment struck during a hotel asset management class at EHL. We scrutinized properties, tackling challenges from both a real estate and operational perspective, and it was like a light bulb moment, confirming that real estate was my calling.
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Alice Garnier, real estate analyst/EHL Graduate (2020)
What does a real estate analyst do?
Curious to know more about the daily grind of a Real Estate Analyst? Here’s what you might expect to do on a typical day on the job:
🔍 You’d dive into market data, unraveling pricing trends, supply and demand dynamics, and rental rates.
🏠 Next on the agenda: appraising properties with a fine-tooth comb, considering everything from sales history to location and market demand.
⚠️ As a risk evaluator, you’d analyze current market conditions to assess potential investment risks.
🏦 Always right in the middle of the financing action, you’d collaborate with banks and lenders to determine project debt capacity and reviewing loan requests.
🗣️ Last but not least, you’d be in the limelight, prepping and presenting complex insights to stakeholders like investors, developers, lenders, and brokers.
To sum it up, the role of a real estate analyst is all-encompassing and requires, well…a little bit of everything.
The most thrilling part of my job involves collaborating with architects and immersing myself in renovation projects. It's really exhilarating to examine a building, strategize on how to enhance it, and contribute to prestigious projects, especially in bustling cities like Paris.
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Alice Garnier, real estate analyst/EHL Graduate
How to become a real estate analyst
Becoming a real estate analyst is like gearing up for an epic adventure. You need the right skills and knowledge to embark on this journey. First things first: you'll want a solid educational background. Most analysts start with a bachelor's degree in finance, economics, real estate, or even something cool like hospitality management. And if you're really serious about leveling up, once you’re done with that, you’ll want to pursue a master’s degree in finance or real estate.
Once you're (finally) done with school, it's time to jump into the real world. You might start off as a research associate or financial analyst, soaking up knowledge and experience like a sponge. As you move up the ladder, you'll soon become a full-fledged real estate analyst, ready to tackle property markets, spot investment opportunities, and dish out savvy recommendations to clients and stakeholders.
What are real estate analyst skills?
The real estate market is a buzzing hive of activity, and to thrive in it, you need some serious skills:
- Analytics: First and foremost, you’ll have to be great at analysis. After all, it’s in the title of the job. As a data detective, you’ll have to sift through loads of information to uncover insights and make savvy recommendations. Having a knack for numbers is key to understanding how they impact project success.
- Communication: Next up: you need to be great at communication. Picture yourself as a master storyteller, adept at conveying your findings and ideas clearly to clients and stakeholders.
- Real estate know-how: To navigate the real estate realm, you'll need to master the lay of the land. Understanding the regulations, history, and trends will be your compass through this dynamic and complex landscape.
- Tech-savviness: We’re not saying you need to be a computer whizz, but having a knack for different types of software, data tools, and financial apps will make your life so much easier when you’re digging through all that data and trends.
- Problem-solving: Last (but not least), you’ll need to be equipped with the creativity and problem-solving skills to tackle challenges head-on. Whether it's unraveling complex issues or devising innovative solutions, your ingenuity and prowess will be the cornerstone of your success.
With these skills in your toolbox, you'll be well-equipped to conquer just about any challenge in the exciting world of real estate!
I genuinely believe in the adage that there are no stupid questions. Asking questions when working in the industry or networking with professionals and fellow students is essential. –
Alice Garnier, real estate analyst/EHL Graduate
What is a real estate analyst salary?
Alright, let's cut to the chase! When you're the Sherlock Holmes of property markets, what kind of paycheck can you expect? Well, here's the deal: Real estate analysts usually pull in a decent salary. But like any gig, it can vary depending on where you’re located, how much experience you have, and of course, what skills you bring to the table.
Starting out, newbie analysts might pocket around $50,000 to $70,000 per year. But with a few years of experience under your belt, you might expect to rake in between $70,000 to $100,000. As a seasoned pro, especially in hotspots like New York City or San Francisco, you might expect to score over $100,000. Just remember, these are ballpark figures, and your mileage may vary!
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Source: Zippia
Why study at EHL?
At EHL, our Bachelor program in International Hospitality Management isn't just about hospitality – it's your gateway to the future, especially if it’s real estate that you’re after.
Imagine this: you'll immerse yourself in real-life case studies alongside top-notch experts, gaining insights that'll set you apart. With a comprehensive hands-on curriculum, you’ll have a chance to get a taste of everything (quite literally!). And in your third year, you can specialize in real estate, delving deep into analytics, investment strategies, and market dynamics.
But that's not all – our course isn't just about textbooks and lectures. We'll also equip you with confidence and essential interpersonal skills through student-led presentations, teamwork, and group projects.
EHL doesn't just open doors, we pave the way! With our extensive industry connections and global network of successful alumni spanning over 150 countries, you'll have unparalleled access to internships, networking events, and potential job placements worldwide. So why wait? Join EHL today!
EHL has given me valuable skills in networking, socializing, and public speaking. It also offered plenty of chances to engage with industry professionals, encouraging connections among students and peers from around the world. EHL's curriculum covers a wide range of subjects, including mathematics, legal studies, finance, operations, microeconomics, and more, which has been incredibly beneficial.
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Alice Garnier, real estate analyst/EHL Graduate
