Best Paying Jobs in Real Estate Investment Trusts
Real estate investment trusts, or REITs, are companies that invest in real estate properties such as office buildings, apartment complexes, hotels, and hospitals.
Real estate investment trusts are appealing to investors because they provide regular income and can be bought on the stock market like other investments.
However, unlike with other types of stocks, buying shares in a REIT doesn’t actually make you an owner of the company or give you voting rights; it just entitles you to your share of its profits through dividends paid out each year.
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1) Senior Vice President, Investments
A Senior Vice President, Investments at a REIT is responsible for the investment and risk management of the company. They are tasked with managing a portfolio of assets that often includes stocks and bonds, as well as real estate.
The Senior Vice President needs to understand economic trends and be able to spot new opportunities in the market. They must also have strong leadership skills to manage the portfolio managers who work under them.
As such, they earn an annual salary between $135,000 – $350,000.
One would expect this job title to require a graduate degree from an accredited university or college in Finance or Business Administration with a focus on Real Estate.
2) Chief Compliance Officer
The Chief Compliance Officer is responsible for the company’s compliance with federal and state laws. The position requires a broad knowledge of federal securities regulations, and strong legal skills, as well as the ability to anticipate potential problems.
In addition, candidates must have an MBA in finance or accounting from an accredited university and be licensed by the Securities Exchange Commission (SEC).
Chief Financial Officer: In order to qualify for this job, one must have at least seven years’ experience in public accounting or industry. A CPA certificate is also required along with demonstrated knowledge of finance.
Lastly, one must have a bachelor’s degree in business administration or finance from an accredited university.
3) Portfolio Manager
Portfolio managers are tasked with managing the portfolio of assets and investments for a fund or an individual. They may work with stocks, bonds, mutual funds, or other assets.
Portfolio managers also have to manage risk by ensuring that an investment doesn’t lose too much money in case the market goes south.
In addition to making money on investments, portfolio managers may be responsible for handling taxes, insurance policies, and other administrative tasks on behalf of their clients.
The median salary is $110,000 annually according to Glassdoor.
Senior Vice President: The senior vice president is one of the highest positions in any company, often working closely with CEOs and executive boards to create long-term goals and strategies for the company.
Senior VPs are often put in charge of departments like marketing, human resources, IT development, accounting, finance & planning as well as directing short-term projects related to these fields.
4) Director of Private Equity
The Director of Private Equity is responsible for the day-to-day management of a fund’s investments. In particular, they are responsible for performing research on potential investments, arranging financing for these investments, and overseeing operations within an investment portfolio.
In addition to being responsible for the long term strategic growth of the fund, this position will also be in charge of making sure that the company is complying with all regulations.
5) Director, Private Funds Group
Director, Private Funds Group The Director of the Private Funds Group is responsible for investing the firm’s private equity funds.
They are responsible for leading a team of investment professionals to manage a portfolio of investments in private equity funds and other private equity investments.
This position also oversees all aspects of the fund-raising process for new funds as well as manages ongoing fundraising efforts for existing funds.
6) Managing Director – Real Estate (Real Assets Division)
The Managing Director, Real Assets division is responsible for overseeing the various real assets portfolios of TRIP.
In this position, the Managing Director will be expected to manage and develop strategy related to TRIP’s investment in real estate, timberland, and energy.
7) Managing Director, Specialty Asset Management Group
The Managing Director, Specialty Asset Management Group is responsible for overseeing and managing the portfolio of investments in Real Estate Investment Trusts on behalf of the company.
The individual must be a specialist in real estate investment trusts and must have a minimum of ten years experience in the sector.
8) Head Financial Advisor (National Banking Division)
The head financial advisor is responsible for the management of the community banking or national banking division as well as overseeing all day-to-day operations of the branch.
They are usually among the highest paid positions in a bank.
The head financial advisor (HFA) spends their time analyzing and reporting on daily activities, reviewing cash flow reports and credit analysis, determining fees for loans, mortgages, and other financial services offered by the bank and training branch employees on how to best serve customers.
9) Branch Manager / Assistant Branch Manager
One of the top jobs in the industry is Branch Manager. The Branch Manager oversees all operations of a branch office and typically has five to eight employees reporting to him or her.
Conclusion
As the leader, they are responsible for implementing strategy, managing performance and overseeing daily operations. The salary range for this position is $70,000-$200,000 per year, Assistant Branch Manager also provides a lucrative opportunity.