Valuation of businesses and intangible assets is a specialism of real estate. Specialist business valuers can work in both the public and private sector and practice the valuation of both small businesses and large corporations.
|Practice Area||Valuation of Businesses and Intangible Assets|
|What skills are required?||
|What qualifications are required?||
Many employers will ask for a relevant degree in areas such as finance and accountancy.
Specialists in this area may work towards chartered status with the Royal Institute of Chartered Surveyors (MRICS).
|What is it like in practice?||Specialists in this area are concerned with valuing non-monetary assets. Unlike other valuation surveyors, in this area, the specialist is assessing the value of something which has no physical existence, such as the good will created by a brand or business, its intellectual property, or research and development. The entity being valued has some economic benefit or impact for the owner, despite being intangible.|
|Work Environment||Mostly office based but with visits to clients and other premises|
|Employment opportunities||Specialists in this area usually work for specialist consultancies. Firms are often global and offer a range of business and financial diligence and assessments services.|
|More information||Visit RICS (opens new window)|
|Relevant UCEM programmes|
You might like this role if you enjoy:
- Using maths and business skills to make calculations and support professional advice
- Analysing and identifying patterns in data
See more skills used by intangible asset specialists
- Using verbal and written communication skills
- Using perceptual skills to interpret maps, charts and diagrams
- Researching and explaining data
Royal Institute of Chartered Surveyors (2019) RICS (2019) [online]. Available at https://rics.org/uk [accessed 1 August 2019]