CFA worth it for a role in Real Estate Investment?
May 12, 2012 4:42 AM Subscribe
CFA worth it for a role in Real Estate Investment? I was wondering if the CFA will be useful to me if I want to work in Real Estate Investment – starting probably with a Commercial Brokerage firm in their asset management department, which would involve buying and holding investment properties for their income as well as possible capital appreciation. Ultimately perhaps work for some kind of REIT.
posted by web74 to education (6 answers total)
My background is that I have worked for commercial brokers in their valuation departments as well as in their research & development. This mostly involves writing feasibility reports for developers.
In terms of my education I have a Master of Science in Business Management which covers all the topics of an MBA but in a single year. Also a Masters in construction management and real estate development. The latter involved taking an MBA real estate finance class.
My problem at the moment is that when I apply for jobs, companies very rightfully want to put me in the same kind of research writing roles that I’ve done in the past. It would seem to me that I need to show something extra if I want to start on the more financial orientated roles.
For the valuation I don’t think we are talking hugely complex financial anaylsis. Mostly office or residential buildings laid out on excel where you can see the year-to-year income stream and then it’s a matter of getting the formulas correct and entering the appropriate assumption values.
I’m hoping that, if I can first pass level 1 and start applying for jobs, I will have more luck in getting started in the real estate finance side. Is this a feasible strategy or am I wasting my time? (Assuming I pass level 1, I’m not I’d pursue level 2/3 – I’d have to see how the job situation is going and how relevant the other levels are specifically for real estate).
Ultimately, I’d also like to sharpen my finance analysis skills because I want to be able to evaluate potential business ventures as continue to manage a modest collection of investment properties.
(This is a rather long question, but I thought it would be better to include as much info as possible so I can get some more enlightened responses – thanks for reading and hopefully answering!)