RETS Associates Announces 2018 Commercial Real Estate Financial Analyst Survey Results
RETS Associates, a leading national real estate recruiting firm, has completed its 7th Annual Survey of Real Estate Financial Analysts in association with Charles Schilke, JD, Director of the Edward St. John Real Estate Program at Johns Hopkins’ Carey Business School. Over 200 financial analysts from across the nation with experience encompassing entry-level through five-to-seven years were polled on their salary, education, willingness to relocate and other applicable, work-related factors.
This year, RETS’ survey findings presented a 180-degree shift in compensation for analysts with undergraduate degrees versus those holding graduate degrees. In 2017, the undergrads were big winners, but this year those who had earned MS/MBA degrees took home higher net salaries (i.e., base salary plus incentives.) Over a three-year period, analysts with graduate degrees showed a 30.8 percent wage increase, while those with a bachelor’s degree rose by only 19 percent.
Regional wage disparities show that junior or senior analysts can expect to earn more in the Pacific Northwest and the Northeastern regions, which posted income growth of 30.5 percent and 29.5 percent, respectively. Averages in the Northwest may be driven by the greater Seattle area, which has seen rising demand due to aggressive expansion and development by Amazon, Microsoft, Google and other tech companies.
Analysts at all levels look at compensation package, growth potential and geographical location when considering a job offer. However, in a change from previous years, junior analysts place equal value on compensation and growth potential, while senior associates and director-level specialists are more interested in geographical location. Other factors job candidates consider include the office culture, brand name of the firm and job title.