Improving Analyst Skills
Hi everyone,
I am an investment analyst for a hotel investment firm.
Curious to know how more experienced members here developed their property design/planning skills aside from just getting deal reps and learning from how the superiors in the team think. Are online courses such as the eCornell Hotel Planning Certificate Course helpful?
We do have a technical team, but the investment team is very lean with just 4 people (me/Junior Analyst, Senior Analyst, Director, and Chief Investment Officer). I am expected to contribute in the high level hotel design planning before shipping the proposed plans to the technical team. Thanks!
P.S. We have no formal training program and I was told to learn it myself when I asked the team.
Bump!
Bump!
Based on previous WSO threads, here are some insights and recommendations for improving your property design and planning skills as an investment analyst in a hotel investment firm:
Online Courses:
Learning from Superiors:
Practical Experience:
Self-Study:
Networking:
By combining these approaches, you can effectively develop your property design and planning skills, making you a more valuable asset to your investment team.
Sources: Do diplomas and certificates from Online Ivy Leauge courses hold any good?, Cornell Certificate in Commercial Real Estate vs MIT Commercial Real Estate Analysis and Investment Certificate
Find a new team
^this
Curious why?
Is this not a part of my job scope as an investment analyst? They require the same from the senior analyst, so I thought this was the case for other firms.
Planning to stick with it for 3 years before leaving as I'm only 5 months into the role and it pays well despite the terrible culture (long hours and CIO screams at us analysts).
Dude, your CIO screaming at analysts while actively refusing to help them learn is a neon sign telling you this firm is trash.
Sounds like you need to get the hell out of there. Go find a larger firm with a more structured training program & mentors who will teach you.
Damn man, if they said you have to learn it yourself, it just sounds like they don't know this stuff either lol. Best way to go about it is first trying to figure out what the efficiency is like, so NLA vs GLA, which is basically figuring out if the level of amenity areas is not huge versus what you are actually making money on (i.e. rooms being let). Secondly, it would be good to get in touch with some operators and start a discussion with them, potentially telling them you might want to work with them in the near future, and ask them detailed questions regarding spec, amenity areas, operating expenditure and anything else that you need information on. Lastly, understand the level of wear and tear, as the business of a hotel is to have high levels of customer turnover, meaning a lot of customers coming in and out on a daily basis. This makes you avoid buying expensive stuff that will have to be replaced a year later. You might as well get in touch with an architect on the (hopefully not false) premise that you might want to work with them on the project, and see what they think about the levels of spec and interior design suitable for the said hotel.
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