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The differences between asset management specialists and application specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both an asset management specialist and an application specialist. Additionally, an application specialist has an average salary of $84,635, which is higher than the $75,109 average annual salary of an asset management specialist.
The top three skills for an asset management specialist include asset management, sharepoint and ITIL. The most important skills for an application specialist are customer service, customer satisfaction, and technical support.
| Asset Management Specialist | Application Specialist | |
| Yearly salary | $75,109 | $84,635 |
| Hourly rate | $36.11 | $40.69 |
| Growth rate | 10% | 10% |
| Number of jobs | 113,205 | 96,980 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 61% |
| Average age | 42 | 42 |
| Years of experience | 2 | 2 |
Asset Management Specialists direct the growth management of overall system information technology value including maintenance and investment, inventory monitoring, and allocation of hardware and software. They are in charge of the everyday and long-term tactical management of technology-related hardware and software inside the organization. Their duties include planning, observing, and recording software permit and hardware assets to make certain vendors' contacts are complied with. They also design and execute procedures for monitoring systems assets to direct quality control in their entire lifecycles.
An application specialist is responsible for maintaining the optimal performance of system applications, ensuring smooth navigation by upgrading the features of existing applications, and performing multiple diagnostic tests before releasing the applications to the digital marketplace. Application specialists work closely with the design engineers to improve system codes, verify the efficiency of network infrastructure, and adjusting application functions based on the clients' specifications and business' needs. They should always consider the budget goals, target end-users, and current market trends to design applications, meeting users' demands and public interests.
Asset management specialists and application specialists have different pay scales, as shown below.
| Asset Management Specialist | Application Specialist | |
| Average salary | $75,109 | $84,635 |
| Salary range | Between $46,000 And $121,000 | Between $60,000 And $118,000 |
| Highest paying City | Paramus, NJ | Jersey City, NJ |
| Highest paying state | New Jersey | New Jersey |
| Best paying company | Enbridge | Cheniere Energy |
| Best paying industry | Technology | Manufacturing |
There are a few differences between an asset management specialist and an application specialist in terms of educational background:
| Asset Management Specialist | Application Specialist | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 61% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between asset management specialists' and application specialists' demographics:
| Asset Management Specialist | Application Specialist | |
| Average age | 42 | 42 |
| Gender ratio | Male, 55.5% Female, 44.5% | Male, 53.7% Female, 46.3% |
| Race ratio | Black or African American, 13.0% Unknown, 5.3% Hispanic or Latino, 15.1% Asian, 11.2% White, 55.0% American Indian and Alaska Native, 0.4% | Black or African American, 10.8% Unknown, 5.4% Hispanic or Latino, 16.7% Asian, 11.1% White, 55.5% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 11% | 11% |