Careers in real estate vary. There is plenty of choice for people who want to get into the industry. The most common job involves sales. You can be an agent or a broker. But if this is not your style, there are many other roles to choose from. Take a look at the 5 below and select which one plays to your interest best.
- Development and Construction
Builders can do really well in this industry. If you are interested in developing new properties and have a high tolerance for risk, you can start a career in Development and Construction. There are multiple ways to go about it: you can work for another developer, aim for a construction manager job, or start your own business.
- Investment Banking
Banks love properties so naturally it shows up on this list. Many investment banks like Credit Suisse, Deutsche Bank, and Goldman Sachs have entire groups dedicated to real estate. The work is usually involved in repackaging of mortgages into residential mortgage-backed securities, collateralized mortgage obligations, and commercial mortgage-backed securities.
- Real Estate Entrepreneur
Some of the richest people in the world today are real estate entrepreneurs. They focus their energies in buying properties that they deem will rise in value due to improvement in market conditions or renovations. Obviously, it is risky business but if you are savvy, hard-working, and knowledgeable in trends, management, and niche strategy, you can make it.
- Real Estate Advisory
The rich accumulate property so fast they cannot manage it. But this is a good thing because they can hire you as an advisor. You can help them look after the property, suggest improvements, and select other properties to buy. The most likely person to get hired for this job is one who has previous experience in investing and management, has excellent client contact skills, and is good with statistics.
- Property Management
A real estate owner can require a property manager who will be responsible for negotiating leases, attending to the needs of tenants, and collecting rent. Interpersonal and analytical skills are required to be good at this job. A lot of negotiating prowess will also help you tremendously in performing the daily roles of this real estate job.