Most Important Skills For A Real Estate Investment Associate At A Wealth Management Company
For a real estate investment associate, strong interpersonal skills are paramount— "it's a big relationship business"— combined with sufficient mathematical aptitude for financial analysis, although "the math is pretty simple." Resourcefulness and the ability to conduct thorough research are also critical for deal-finding and validation.
Communication, Problem-Solving, Resourcefulness, Quantitative Skills, Networking
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
Majors
Industries
Job Functions
Traits
Geoff Esmail
Real Estate Investment Assoicate
Wealth Management Company
University of Arizona
UCLA & MBA
History, Art History
Finance (Banking, Fintech, Investing)
Finance
First Generation College Student
Video Highlights
1. Strong work ethic and interpersonal skills are crucial for building relationships in the real estate industry. Geoff highlights the importance of being social and networking, even if one is introverted.
2. Competency in math and quantitative skills is necessary for financial analysis in real estate, although Geoff notes the math is relatively straightforward compared to other finance roles.
3. Resourcefulness and research skills are essential for deal-making and validating assumptions, requiring initiative and the ability to gather information effectively from various sources.
Transcript
What skills are most important for a job like yours?
Real estate in general is a big relationship business, so frankly, I think a really important component is obviously good work ethic. Having a good personality and getting yourself out there is key.
It's interesting; I am probably introverted, but getting out of that introvert space and being more social is really, really key. Obviously, math is important, so having good math and Quant skills is key.
However, it's not like working as an investment banker. The math, in my opinion, is overall pretty simple. It's just about understanding basic numbers.
I think those are the main skill sets. Obviously, being very resourceful is important. You're out trying to chase deals, and when you're not, you're trying to validate assumptions. So, getting research information and talking to people to figure out how to do that is really important.
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