Published on: 20 December 2021
Last Updated on: 05 February 2025
Seasonal unemployment could be a big issue because work is only available for a few months a year. However, such a situation is only temporary, and employment reverts to normal thereafter.
Many workers are adapted to seasonal unemployment as they work heavily when the demand is high and save up much of their earnings. Then, they utilize those savings in the off season.
Moreover, there are many opportunities and benefits in seasonal unemployment. One of the best parts is that it is clearly predictable.
What Is Seasonal Unemployment?
Seasonal employees are also known as temporary employees, and they qualify for unemployment benefits at the end of their job specifications. This can also offer exciting opportunities to work in special settings and perform job duties that relate to a particular time of the year.
Seasonally unemployed individuals can simply look for employment opportunities or part-time jobs as they know well that their job is temporary and they need money for their daily livelihood.
On the other hand, unemployment falls during Christmas because extra jobs are available. Thus, this could be the month where workers can earn maximum profit and utilize the same when they have no jobs.
Seasonal Unemployment Benefits
Seasonal unemployment only occurs when the season ends, which is usually predictable, as discussed above. However, to make your efforts easy, we have listed some of the top seasonal unemployment benefits that you must know in 2021.
This can be the best period for you where you can actually build your skill sets that can be utilized for other career paths. For example internship, fixed-term hires, etc.
There are many who are happy with seasonal unemployment because they have many other important things to do apart from their job life.
This is better than complete unemployment as the labor force would earn wages for at least a part of the year.
Earning very high when the workers are temporarily employed can be a great source of income even better than those who are employed for the whole year.
This unemployment is common and predictable. You can take all the necessary steps beforehand.
Seasonal Unemployment Limitations
Yes, there are some limitations of seasonal unemployment that we have discussed below!
One major disadvantage of seasonal unemployment is that it is the same as other unemployment. The workers or the employees here face personal hardships during the time they are unemployed.
Even some employees might not find jobs that last the whole year.
Another limitation of seasonal unemployment is that there is lost production. This means that the producer is not able to produce goods when there is seasonal unemployment.
Seasonal Unemployment Examples
Some of the top examples of seasonal unemployment are Holiday, Theme Park, Agriculture.
Agriculture: Some farmer’s markets end during the last week of August. AS the farm only yields crops that grow in the summer seasons.
Holiday: Seasonal unemployment occurs when the holiday performance of any show ends. There are many individuals behind the performance and they earn a good sum of money.
Theme Park: Theme park is also another kind of seasonal unemployment that many of you are aware of. Besides, tourist destinations can also be an example of this type of employment.
What Is The Difference Between Disguised Unemployment And Seasonal Unemployment?
Disguised Unemployment
Seasonal Unemployment
In this, marginal labor productivity is null. The individuals appear to be employed but are not employed.
In this, individuals cannot secure jobs during certain months of the year.
The job needs the service of 5 individuals, but eight individuals are involved.
There are many productivity phases when weaving, threshing, sewing, and harvesting are done.
Located in rural areas.
Located in both rural and urban areas.
Found mainly in agriculture.
Found mainly in the agro-based sector.
Frequently Asked Questions (FAQs)
1. Seasonal Unemployment Refers To
Ans: Seasonal unemployment refers to the time period when the demand for labor or workforce is lower than normal under certain conditions.
3. The Problem Of Unemployment Comes Under Discussion
Ans: The problem of unemployment comes under poverty. Unemployment causes a decrease in production and less consumption of goods and services by the people.
4. Where Is Seasonal Employment Found?
Ans: Seasonal Unemployment is mainly found in rural areas because their major occupation is agriculture.
The Final Thoughts
Seasonal Unemployment is popular across the world, and you must know about the same. For those who earn very low wages, seasonal unemployment can be a major problem for them in the long run. It can become very difficult for them to manage everything at the same time. Besides, let me know your doubts in the comment section below if you come across any!
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Looking for resume tips is far from a waste of time. Even if you are a seasoned professional at job hunting!
Your resume is your first impression in the professional world, and let’s face it, it could make or break your candidacy.
Before you even sit for that interview, the resume will catch their eyes first!
Whether you’re just starting in your career or looking to make a shift, an impressive résumé opens doors.
So, here is how you can turn your resume from good to the absolute best!
Resume Tips 101
So, without further ado, let’s edit that piece of paper together.
1. Nail Your Header
Name, professional title, and contact information.
Link to LinkedIn profile or personal website.
These are the two must-haves of your CV heading. No, you do not have to make it fancy but straightforward. So that everyone knows what you do professionally.
This will automatically help your recruiters link it to their current job position.
Not only does this allow employees to find and connect with you, but it also adds a modern edge to your resume.
2. Write A Powerful Career Summary
This is a short introduction paragraph like a modified objective statement describing your skills and qualifications.
Therefore, make it short but impactful!
Your summary should be about 3-5 sentences, packed with keywords from the job description. But do not make it too long so that it bores your audience.
3. Keep It formatted
Stick to one that will make your resume easy to read: chronological, functional, or hybrid.
Unless you have a unique situation, such as a career change, most recruiters would prefer the chronological format.
It makes it easier to understand!
4. Make It ATS Friendly
This is new, but this is the new corporate, and our resume tips must cater to the same.
Many companies use an Applicant Tracking System (ATS) to scan your resume.
If the ATS can’t read your resume, it won’t make it to human eyes. Could you Keep it clean and straightforward?
5. Tailor Your Resume For Each Job
Tailor your resume to each job you apply for by highlighting the responsibilities and qualifications listed in the job posting.
Try to incorporate the exact words and phrases in the job posting to ensure it’s a close match.
Yes, it could be tedious, but it is important at the end of the day!
Remember, a general resume won’t impress anyone. A tailored resume shows effort, which will make you stand out.
6. Highlight Your Achievements, Not Just Duties
Employers want to know your winning game! Not just what you were responsible for.
Therefore, use bullet points with quantifiable results like, “Increased sales by 20% in six months.”
This is where you show the impact of your work, not just what you did.
7. Use Action Verbs
Begin each bullet point with a strong action verb such as “managed,” “designed,” “created,” or “led.”
One of the best resume tips we would provide is, to stop being like the others. Even when you are using certain verbs.
Therefore, beware of using overused words like:
“Responsible for” or “Assisted with.”
Use strong action verbs on your resume to set them apart and add a more professional, put-together look.
8. Include Your Soft Skills As Well
During your employment with another company, you acquire other hard skills. This is outside that specific role that could be pertinent to the work.
Yes, you should include them as well!
Don’t forget about your soft skills, such as communication, conceptual skills, teamwork, etc.
However, try to avoid bringing them in as achievements.
Show the employer that you have the skills to do the job you are applying for. Plus, it will achieve your new goals with knowledge, but knowing itself is no achievement.
9. Keep It Short
One page is standard for most resumes, especially for students.
If you have ten or more years of work experience– you can consider a two-page resume.
Please Do not overdo it when you do not have much experience to show.
Especially when recruiters are looking for reasons to eliminate candidates, and they will scan them.
10. Add A Professional Title
It works essentially the same as a headline on a newspaper or article – it draws the reader in and makes her want to read more.
Your headline is your tagline. It’s your one shot to make an impression and entice the recruiter to spend more time reading your resume.
This simple step helps clarify your resume's intent.
11. Present A Robust Work Experience Section
Start with your most recent job.
Use 3-5 bullet points to list your achievements for each role.
But don’t just list your responsibilities. Show how you made a difference as well.
12. Use Numbers Whenever You Can
Numbers can make your resume much more credible than ever. They grab attention and prove your results.
For example, instead of saying, “Improved customer service,” you can say, “Reduced customer complaints by 15%.” Instead of “Grew revenues,” say “Increased revenue by 30%.”
Quantify your work whenever possible. It leaves no room for doubt about the value you bring to the table.
13. Education Matters, But Don’t Overdo It
If you’ve worked for over five years, place your education at the bottom of your resume.
Include your degree, school, and graduation year if you’re still in college or have recently graduated.
Your education section can stay at the top of your resume for new grads. However, if you have some experience, move them to the end.
14. Relevant Certifications
If there are any certifications related to your industry, add them to your resume. Getting certified helps, but do not add the irrelevant ones from the years gone by.
Plus, try to get these certifications from credible sources to add weight to your resume.
List them after your education. Or, if you are out of school for a few years, you can list them in a separate section.
If you took a more relevant course to the job, you're applying for include it as well!
15. Don’t Get Too Fancy
You do have to make it a graphic design project!
However, keeping a strong format that is visually calming and easy to read is also important.
Use font styles that are easy to read, such as Arial, Times New Roman, or Calibri.
Make sure each section has bold headings so a recruiter can easily navigate your document.
Good design isn’t about flashiness. It’s about making your information easy to read and look professional.
16. No Clichés
Don’t use phrases like “Hard Worker” or “Team Player”! They are boring and cliche, and almost everyone writes the same. So, provide examples that demonstrate those things instead.
Demonstrate these skills with specific real-life examples rather than using stock phrases that lack the power to convey your true worth.
Just like a cliché doesn't make an impression, the same applies to your resume. It’s all about demonstrating how you are different than others.
17. Tailor Your Resume For The Industry
Let's be honest: if you're applying for a design position in a creative company like Wieden Kennedy, your resume shows that better!
Stick to more traditional formats for industries like finance or law.
However, in modern-day digital marketing jobs, ensure that your resume holds that promise.
Know who you are presenting to and design your presentation accordingly.
18. Be Honest About Your Experience
Don’t lie or over-embellish your skills and experience.
Recruiters will quickly pick up on it when they meet you in person for an interview or check your references.
Suppose you have been less than honest; that deletes your credibility. Yes, integrity is everything, and employers need to trust you.
19. Don’t Be Shy About Going Into Detail With Your Career Gaps
One of the common questions we often hear is “How to write s resume when I have a gap year?”
If you have gaps in your employment history, you can say, “I was caring for a sick family member,” or “I took three years off to raise my children.”
However, it was always better to be honest than to embellish your gap years to make yourself sound fancy.
For example, "I was backpacking through Western Europe." Unless you were actually. You never know when your recruiter might ask you a question.
It’s also productive to include freelance work or volunteer activities during gaps rather than using the gap as a reason for being unproductive.
Employers appreciate honesty. It is not a good idea to over-explain gaps.
20. Link To An Online Portfolio
If you have a portfolio of your work, consider linking to it in your resume. Especially for creative people, writers, or designers.
The portfolio is an example of the skills you can show.
21. Use White Space Effectively
Don’t overdo it with dense blocks of text. Recruiters looking to skim through your resume for the basics will appreciate white space and easy-to-read headings.
Keep margins and line spacing consistent!
White space helps, too!
Literally, it looks 'cleaner' and is easier for recruiters to read and process information (according to the eye-tracking model of how people read resumes).
22. Leave Out Irrelevant Job Experience
Any part-time work or job that doesn’t relate to your career should be left out.
You don’t have to include all the jobs you have ever worked at!
Focus on roles that highlight transferable skills or experiences.
23. Work Experience Only (Unless You’re A Recent Grad)
On a resume, you should do so much more than just internships and volunteer work.
Internships and volunteer experience are the best things to have on your resume if you haven’t had real job experience. However, if you’ve been in the workforce for at least one month, stick to work experience.
Highlight what you achieved and your responsibilities in the position, just as you would for a job.
24. Proofread To Perfection
Because even the most qualified candidate can lose out if they make a spelling or grammatical error in their CV. Henceforth, one of our best resume review tips would be to proofread until you are 90% satisfied (because you will never be at 100%, and that is okay).
Use Grammarly or ask someone to read your resume.
No matter what you do, you must have learned that the devil is in the details. Well, it starts with a resume.
25. Skip The Photos, Graphics, Or Fancy Fonts.
These elements can distract or confuse ATS systems. Making it difficult for it to scan for digital recording.
A clean, professional layout is the first step to being considered for the job.
One simple photo is enough. You can look into these interview attire for men and women to help you take a professional CV photo.
26. If You Can Send A Resume, You Can Write A Cover Letter
There is no reason not to send a cover letter with your resume.
In fact, a cover letter can help you make a better impression. Especially if the cover letter is curated to match the job description you are applying for.
It’s your chance to demonstrate enthusiasm and explain why you’re a good fit for the role.
27. Be Careful With The Grammar
Use present tense for current roles and past tense for previous ones
Make sure that the format of your resume remains consistent.
A professional resume should look diligent. Here is how you can do so:
Promote focus while you are learning.
Did you get promoted? Lead bigger teams? Manage larger budgets?
Your resume should be read as a progression of development.
Omit pronouns such as I, me, or my in your resume.
Keep it formal and professional.
This keeps everything sounding clean and polished.
28. Don’t Overdo The Personal Statements
If you put a photo on your CV, it’s likely to be the first thing an employer sees. So, it's worth spending time perfecting it.
As much as you want to look professional, there’s no point in looking stiff. In fact, you should amend the tone of your photo slightly to match how you present yourself throughout the CV.
Now, coming to your hobbies.
Do not add random hobbies like "taking my dog for a walk." Yes, even your hobbies should give a subtle hint of your job profile.
Try to add stuff that shows your potential employer how interesting of a person you are outside of this one little job.
29. Don’t Wait Till You’re job Hunting To Update Your Resume
This is one of the biggest mistakes we all make. Only updating the CV before we are about to get
Among all the resume tips, this one is for everyone who is now quite secure in their job.
Go home and update your resume immediately! This should include your new accomplishments, jobs, or talents.
A current resume means you're always ready for new opportunities!
30. Have References Ready
You don’t need to put references on your resume, but it’s a good idea to have them ready if a potential employer asks.
Ensure you know your references, and they are willing to put in a good word for you.
References are the one thing that can make or break your chances of getting the job. So, choose wisely.
Do Not Get Overwhelmed!
It can be not very safe to face the task of writing your resume, but it’s an essential part of applying for a job. Your resume is your opportunity to make a great first impression on potential employers.
Regardless of how strong the candidate pool might be, this is your chance to let your skills and experience shine through. To win that interview opportunity, you must integrate your skills effectively.
Your resume will evolve over time, but when you’re writing one for each application you submit, use our resume tips to represent yourself best!
Read Also:
Is Hotels/Resorts A Good Career Path In 2021
8 Tips for Tech CV Writing to Highlight Skills & Experience
8 Easy Ways for Students to Improve Their Writing Skills
Finding the perfect opportunity can be challenging.
No worries, as job search engines will aid you in your search. These platforms compile job listings from various sources, making discovering openings matching your skills and preferences easier.
Here Are Ten Best Job-Boards In The US In 2023
Take a look at the ten best job search engines in the US for 2023; they can make a significant difference in streamlining your process and connecting you with potential employers efficiently.
1. Lensa
Lensa has become one of the top job-boards in the US for job seekers of various skills and backgrounds. Lensa's powerful job search engine scans numerous job sites and gathers the most relevant opportunities in one place. It also offers job alerts to keep you updated with the latest postings.
Lensa's convenient features, such as keyword filtering and date-posted options, enable you to refine your search further. This job board suits everyone, from college students seeking internships to experienced software developers looking for new challenges.
Employers and recruiters also benefit from Lensa, as it allows them to browse a vast pool of qualified candidates and connect with them directly.
Additionally, Lensa provides useful resources like salary data and employee reviews to help guide you in your job hunt. For those seeking specialized roles, particularly in tech jobs, this platform ensures a tailored experience.
Subscribe for email alerts to stay informed about your industry's latest opportunities and trends. With Lensa, you have a reliable partner in pursuing a fulfilling career.
2. Monster.com
Monster.com is user-friendly, allowing job seekers like you to upload your resume and get matched to relevant positions quickly.
For skilled professionals such as web developers, Monster offers a variety of job listings and remote work options. The site also provides valuable salary research tools to help inform your job hunt while offering essential career coaching services to sharpen your interview preparation.
Knowing the benefits and tools on Monster.com can make a difference in your job search. This platform may just help you find your next opportunity.
3. Dice
If you're looking for tech jobs, Dice should be on your list of US job sites. Dice is a specialized job-boards for professionals seeking roles in software development, web development, and other technology-related industries.
You'll find job listings from startups to Fortune 500 companies on Dice. The key benefits of using Dice are its focus on tech jobs and the ability to upload your resume for potential employers to view. Unlike some other niche job-boards, Dice provides a job search engine and job alerts so you can stay updated on the latest openings in your field.
4. Linkedin
LinkedIn continues to be a leading job board in the US for job seekers of all backgrounds. This platform stands out with its focus on professional networking and a user-friendly interface. LinkedIn allows you to filter by job title, location, and remote work possibilities when searching for job opportunities.
Aside from job searching, LinkedIn assists in expanding your professional network. You can connect with peers in your field and seek advice from experienced professionals. The platform also offers valuable career advice, salary research, and interview preparation.
5. GoogleForJobs
GoogleForJobs also offers a user-friendly interface that simplifies your job search process. It caters to various industries, including software and web developers. GoogleForJobs streamlines hiring and recruitment.
This platform accumulates job listings from various websites and makes them easily accessible. This eliminates the need to visit multiple job websites, helping you save time and effort. Additionally, it provides customized job alerts based on your preferences and qualifications.
Employers recognize the benefits of GoogleForJobs, and by advertising on this platform, they enhance their employer brand, attracting top-notch candidates like you. Happy job hunting!
6. ZipRecruiter
ZipRecruiter offers job seekers the chance to match with open positions based on their skills and requirements. Unlike LinkedIn or Indeed, Ziprecruiter stands out as a job board and aggregator, compiling listings from various sources such as websites, recruiters, and niche job boards.
As a job seeker, you will appreciate their search engine capabilities, allowing you to filter by job title, location, and remote work options. Plus, there is an added benefit of receiving job alerts customized to your preferences.
Building a profile on the site makes your resume more accessible to a broader range of recruiters and hiring managers. Web and software developers especially can find targeted job opportunities in their field.
7. WeWorkRemotely
WeWorkRemotely is one of the best job board options for remote work opportunities in the US. You will find jobs across industries, including web development, design, customer support, and more.
WeWorkRemotely attracts recruiters and employers from reputable companies, increasing your chances of finding high-quality remote work options. This site also offers valuable career advice, interview preparation tips, and salary research resources to help nail your job hunt.
One aspect to consider is the costs associated with using the platform. There may be some costs for premium features and offerings, but its reputation and valuable resources make it a worthwhile investment. So, take advantage of WeWorkRemotely to find remote job opportunities that suit your skills and aspirations.
8. Ladders
Ladders is a well-known job board, popular among job seekers focusing on high-level positions. This platform offers listings for various industries but specializes in roles with a salary range of $100,000 and above.
Ladders emphasizes professional networking through its integration with LinkedIn, bolstering your chances of discovering new job prospects. Their reputation ensures exposure to the right pool of highly skilled candidates. Although posting positions may involve costs, the value it delivers in qualified and committed applicants makes it a top choice among Fortune 500 companies and innovative startups.
Remember that job search engines, like Indeed and ZipRecruiter, may aggregate listings from Ladders, offering you another avenue for exploring available positions. However, for a direct experience with features tailored for high-income professionals, visiting Ladders' website is a smart move in your job search.
9. FlexJobs
Flexjobs will be among the top 10 job boards in the US, providing job seekers with remote work opportunities. The platform caters to various industries, featuring software and app development positions, web developers, and many other job titles. As a job search engine, Flexjobs simplifies the job hunt by enabling users to filter job listings by location, job title, and more.
Flexjobs is a cost-effective option with a solid reputation for connecting job seekers to potential employers and startups. This job board stands out for remote work opportunities, as it balances niche and broader categories for job listings.
10. AngelList
If you’re interested in startups and technology companies, AngelList is one of the best job boards. As you search for jobs on this platform, you'll see a variety of open positions in diverse fields, including software, innovative technology, and creative roles.
Angellist offers several benefits for tech-savvy candidates. You can quickly create a profile, add your skills, and connect your LinkedIn account for seamless networking. The platform also supports a comprehensive job search function where you can find remote work and easily apply to exciting opportunities.
To make the most of your experience on Angellist, maintain a detailed and accurate account, subscribe to its email alerts for job opportunities, and utilize its salary research features for informed job applications.
Conclusion
In your search for the perfect job, these top US job boards will be pivotal for providing diverse opportunities. Exploring these platforms increases your chances of finding a position that is perfect for your skills and aspirations.
Invest time in understanding how each job board works and tailor your application for the best results. Stay informed and use these resources to enhance your success in landing your next job. Good luck in your job search!
Read Also:
How Many Jobs Are Available In Major Banks?
Best Paying Jobs In Medical/Dental Instruments
Is Medical Specialities A Good Career Path? – 12 Best Jobs
If you are looking for a career move in real estate, becoming a part of the REIT can be smart! Considering the trend of shifting to this field is growing quickly, people are often googling the top 10 best-paying jobs in real estate investment trusts.
Therfore, in case you are someone who is also looking for this, I have you covered! So, keep reading this blog until the end to learn more, and thank me later…
What are Real Estate Investment Trusts?
Real estate investment trusts, or REITs, own portfolios of properties supported by institutional and personal investors.
A common mechanism for this is real estate investment trusts (REITs), which can own lengthy physical assets (like office buildings and shopping centers) and derive revenue through the collection of rent or lease payments.
These businesses create an option for investors to own an actual piece of equity, enabling them to buy stock without having to put up large amounts of capital or assume the responsibilities of ownership.
To put it simply, REITs are a form of public real estate entity that allows for a wide variety of jobs in real estate investment and management for either the residential, industrial, or commercial sectors.
Types of REITs and Career Opportunities
Real Estate Investment Trusts (REITs) are like massive sling pouches of different categories of properties. Like many kinds of fruits, REITs can be invested in different sectors.
These commercial properties would include office buildings where people work or shopping malls where we go shopping. Some additional examples are healthcare facilities, such as hospitals or nursing homes, where people go to receive medical care.
As we know, not all REITs are created equal. They are like ice cream flavors; they still have different tastes. For instance,
Equity REITs are companies that own/manage properties and get paid rent from tenants.
Mortgage REITs either loan money for mortgages or invest in existing mortgages.
Hybrid REITs do a little bit of both.
There is a wide range of occupations that you can accomplish, which makes this variety amazing.
Deal-making is a great fit for an Acquisitions Specialist who searches for new properties to purchase. Moreover, if you have strong numerical skills, you may work as a financial analyst, determining whether those properties are worth the money.
Or, if you have an environmental conscience, you might work as a sustainability manager who promotes green building practices.
REITs present a plethora of chances for lucrative employment. Therefore, in the broad and fascinating world of real estate investment trusts, there's a place for you whether your forte is building management, spreadsheet crunching, or environmental compliance.
Benefits of Working for REITs
So, now you know about what REITs are and how they operate. But will you have benefits working in this sector? ABSOLUTELY!
There are several pros and cons to a career in Real Estate. However, things are a little different when it comes to REITs. Here are some of the reasons why working for Real Estate Investment Trusts can be a great career move:
1. Good Pay: REITs frequently provide competitive pay. You should anticipate receiving a respectable salary, incentives, and other benefits.
2. Variety of Roles: REITs offer jobs in marketing, law, finance, and other fields. They require a wide range of skills to manage investments and assets.
3. Growth Opportunities: REITs offer the ability to advance your career through various divisions and locations. You can begin in a little capacity and progress to a larger one.
4. Security and Stability: REITs' primary emphasis is on generating stable cash flow, as they are obligated to distribute the majority of their revenue to shareholders.
5. Diversification: You work with various property types in REITs, such as shopping centers and hospitals. It is about managing assets that people use daily, not only about selling properties.
6. Professional Management: You will collaborate with knowledgeable managers who handle the day-to-day difficulties associated with property management. Additionally, you will have less tension as a result.
7. Passive Income: You can receive dividend payments if you invest in the REIT where you are employed. It's similar to receiving a bonus for joining the group.
8. Learning Curve: REIT employees must constantly learn new things since the real estate industry is continuously shifting. This keeps their abilities current and their work exciting.
What is the Job Outlook for REIT Professionals?
How many jobs are available in REITs? This is a valid question that you might be thinking of!
Due to the expansion of the real estate market, the need for managers of additional buildings and projects is growing. This increase generates many new jobs for those interested in REITs.
Additionally, REITs own various properties, including retail centers, housing, and offices. This is a reason why real estate factors into business decisions. Because of the variety, you can find a job in finance, management, or another field that best suits your skills.
Moreover, it's not only about landing a job when working with REITs; it's about developing a career. Over time, there are opportunities to handle larger projects, assume more responsibility, and advance into higher positions.
Furthermore, because of the industry's continuous growth, there is a significant demand for REIT specialists. Increased investor interest in REITs also creates additional job opportunities.
Top 10 Best Paying Jobs in Real Estate Investment Trusts in 2024!
Real Estate Investment Trusts (REITs) are a fundamental part of the real estate sector, allowing investors (individuals) to earn a share of the income produced through commercial real estate ownership.
A REIT offers similar diversity and can pay life-changing income in some roles. Wondering what the top jobs in this field pay the most? I have you covered!
The top 10 high-paying jobs in real estate investment trusts in 2024 are as follows:
1. REIT Chief Executive Officer (CEO)
Firstly, the CEO sets the strategic direction for a REIT and is in charge of overseeing the company's resources, general operations, and important business decisions. Besides, because of the extensive skill set and heavy obligations, the CEO position in a REIT is the highest-paying one.
2. Portfolio Manager
Secondly, portfolio managers decide which properties to buy and sell, and they develop the REIT's investment strategy. The REIT's financial stability depends on its proficiency in market analysis and investment strategy, which makes it one of the highest-paying positions in the sector.
3. Real Estate Attorney
Thirdly, we have real estate attorneys. You must have heard of law firms helping companies with their real estate issues. These lawyers, who focus on real estate law, deal with complicated transactions, zoning conflicts, and disputes. Their high salaries result from their legal competence, guaranteeing that all transactions are legal and compliant.
4. Property Appraiser
An appraiser's evaluation of a property's value is crucial in a REIT. Their assessments impact investment choices and are necessary for truthful financial reporting. Additionally, they are extremely useful due to their specialist understanding of real estate valuation.
5. Investor Relations Manager
These experts cultivate and preserve connections with analysts and shareholders. They also provide financial data and business plans, which are crucial for a REIT's reputation and investor trust.
6. Asset Manager
The performance of the investment portfolio is monitored by asset managers. Furthermore, they seek to optimize property values and investment returns by making calculated choices on upkeep and improvements.
7. Financial Analyst
Financial analysts closely examine corporate fundamentals, economic situations, and market movements. Their observations guide REITs' investment decisions, making their role indispensable for financial planning and analysis.
8. Acquisitions Director
Finding and negotiating the purchase of properties are part of this profession. Furthermore. acquisition directors must be skilled negotiators who can find great investment opportunities and get them at the cheapest price.
9. Leasing Manager
The leasing managers guarantee that the buildings in the REIT's portfolio are leased to dependable tenants at the best possible rates. Besides, their role directly impacts the REIT's revenue sources.
10. Sustainability Manager
Lastly, sustainability managers are becoming increasingly important as the sector shifts to environmentally friendly methods. Moreover, they implement plans to make properties more eco-friendly, which can save money and ensure that rules governing the environment are followed.
Wrapping It Up!
In conclusion, the real estate investment trust sector offers a variety of lucrative career paths. The roles mentioned above are not only the best paying but also integral to the success and growth of any REIT.
Furthermore, as the industry evolves, these positions may adapt, but the essence of their contribution to a REIT's success remains significant.
If you are searching for the top 10 best-paying jobs in real estate investment trusts, I hope that this blog has helped you. If you have any other queries, please let me know. All you need to do is scroll down until you reach the bottom of the page. Then, leave your comments and queries in the box below. I will be there to answer them all for you!
Learn More About:
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Is Real Estate Investment Trusts A Good Career Path In 2024?
All Comments
Kara Sawyer
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ufabet911
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