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Acquisitions manager hiring summary. Here are some key points about hiring acquisitions managers in the United States:
Here's a step-by-step acquisitions manager hiring guide:
Acquisition managers supervise a company's purchasing ventures. They are responsible for discovering and analyzing possible purchase deals, arranging the purchase terms and contracts, implementing and completing the purchase. They work in multiple industries, generally labor 40 or more hours a week in an office domain, and may need to travel occasionally. Employers look for candidates with strong leadership, negotiation, analytical, finance, and computer skills. Preferred individuals are those who have undergone project management and has training in areas such as mergers and acquisition, consulting, and corporate development.
Before you start hiring an acquisitions manager, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.
An acquisitions manager's background is also an important factor in determining whether they'll be a good fit for the position. For example, acquisitions managers from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
The following list breaks down different types of acquisitions managers and their corresponding salaries.
| Type of Acquisitions Manager | Description | Hourly rate |
|---|---|---|
| Acquisitions Manager | Property, real estate, and community association managers take care of the many aspects of residential, commercial, or industrial properties. They make sure the property is well maintained, has a nice appearance, and preserves its resale or leasing value. | $31-69 |
| Property Administrator | A property administrator is responsible for performing administrative and clerical duties for real estate and property companies. Property administrators coordinate with prospective clients to inform them about the property and offers tours to give a better view of the location... Show more | $12-27 |
| Leasing Professional | A Leasing Professional is responsible for handling and coordinating with potential tenants for rental purposes. Leasing Professionals discuss the leasing terms and agreements with the clients, conduct property inspections, and identify possible repairs and renovations... Show more | $12-19 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Connecticut | $118,529 | $57 |
| 2 | Maryland | $115,069 | $55 |
| 3 | Pennsylvania | $111,238 | $53 |
| 4 | Michigan | $110,587 | $53 |
| 5 | New York | $110,410 | $53 |
| 6 | Minnesota | $107,932 | $52 |
| 7 | Ohio | $107,298 | $52 |
| 8 | New Jersey | $106,475 | $51 |
| 9 | Washington | $106,387 | $51 |
| 10 | California | $102,949 | $49 |
| 11 | North Carolina | $102,643 | $49 |
| 12 | Kansas | $100,871 | $49 |
| 13 | Massachusetts | $100,508 | $48 |
| 14 | Texas | $98,438 | $47 |
| 15 | Georgia | $96,963 | $47 |
| 16 | Arizona | $92,857 | $45 |
| 17 | Missouri | $89,144 | $43 |
| 18 | Illinois | $88,616 | $43 |
| 19 | Utah | $86,632 | $42 |
| 20 | Wisconsin | $86,351 | $42 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | McKinsey & Company Inc | $147,630 | $70.98 | |
| 2 | $128,110 | $61.59 | ||
| 3 | Citi | $123,320 | $59.29 | |
| 4 | Pwc | $119,721 | $57.56 | 271 |
| 5 | U.S. Pharmacopeia | $113,638 | $54.63 | |
| 6 | Microsoft | $112,848 | $54.25 | 1 |
| 7 | Amazon | $112,357 | $54.02 | 14 |
| 8 | Booz Allen Hamilton | $111,544 | $53.63 | 4 |
| 9 | American Express | $111,372 | $53.54 | |
| 10 | Morgan Stanley | $111,021 | $53.38 | 4 |
| 11 | Ernst & Young | $110,787 | $53.26 | 581 |
| 12 | Audible | $110,313 | $53.04 | |
| 13 | Invoice2go | $110,139 | $52.95 | |
| 14 | Thomson Reuters | $109,782 | $52.78 | |
| 15 | The Walt Disney Company | $108,648 | $52.23 | |
| 16 | Accenture | $108,484 | $52.16 | 1 |
| 17 | Deloitte | $108,031 | $51.94 | 25 |
| 18 | Scientific Learning Corporation | $107,980 | $51.91 | |
| 19 | Mastercard | $106,886 | $51.39 | 2 |
| 20 | HSBC Bank | $106,509 | $51.21 |
An acquisitions manager job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. Below, you can find an example of an acquisitions manager job description:
There are a few common ways to find acquisitions managers for your business:
Recruiting acquisitions managers requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.
You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you have selected a candidate for the acquisitions manager position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize the agreement with a contract.
It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.
To prepare for the new employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.
There are different types of costs for hiring acquisitions managers. One-time cost per hire for the recruitment process. Ongoing costs include employee salary, training, onboarding, benefits, insurance, and equipment. It is essential to consider all of these costs when evaluating hiring a new acquisitions manager employee.
The median annual salary for acquisitions managers is $97,768 in the US. However, the cost of acquisitions manager hiring can vary a lot depending on location. Additionally, hiring an acquisitions manager for contract work or on a per-project basis typically costs between $31 and $69 an hour.