Asset managers trade, manage and invest assets such as capital, bonds, stocks, precious metals, commodities, and real estate on behalf of their clients. You will advise clients on the acquisition of assets and monitor, negotiate, and implement programs to increase asset value and revenue. Your responsibilities include meeting with clients, determining their needs and requirements, providing strategic advice, and managing their assets accordingly. You also need to do regular research on market trends and changes that may impact managed assets. In addition, communicating any needed account changes with clients on time, and collaborating with the asset management team, company analysts, and senior executives are your responsibilities.

A master's degree in business administration may be preferred for this position. Nonetheless, you should be capable of handling multiple client accounts simultaneously while working in a high-pressure environment. You should also have a strong financial background with experience in financial modeling. Your average salary for the year is $77,579.

What Does an Asset Manager Do

There are certain skills that many asset managers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed detail oriented, math skills and analytical skills.

Learn more about what an Asset Manager does

How To Become an Asset Manager

If you're interested in becoming an asset manager, one of the first things to consider is how much education you need. We've determined that 67.9% of asset managers have a bachelor's degree. In terms of higher education levels, we found that 11.7% of asset managers have master's degrees. Even though most asset managers have a college degree, it's possible to become one with only a high school degree or GED.

Learn More About How To Become an Asset Manager

Asset Manager Career Paths

Average Salary for an Asset Manager

Asset Managers in America make an average salary of $85,814 per year or $41 per hour. The top 10 percent makes over $123,000 per year, while the bottom 10 percent under $59,000 per year.
Average Asset Manager Salary
$85,814 Yearly
$41.26 hourly
$59,000
10 %
$85,000
Median
$123,000
90 %

What Am I Worth?

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Asset Manager Education

Asset Manager Majors

33.7 %
11.2 %

Asset Manager Degrees

Bachelors

67.9 %

Associate

12.4 %

Masters

11.7 %

Top Colleges for Asset Managers

1. Stanford University

Stanford, CA • Private

In-State Tuition
$51,354
Enrollment
7,083

2. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

3. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

4. Maine Maritime Academy

Castine, ME • Private

In-State Tuition
$13,478
Enrollment
979

5. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

6. California State University - Bakersfield

Bakersfield, CA • Private

In-State Tuition
$7,309
Enrollment
9,142

7. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition
$9,808
Enrollment
13,990

8. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

9. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018

10. Bentley University

Waltham, MA • Private

In-State Tuition
$49,880
Enrollment
4,177

Top Skills For an Asset Manager

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 16.8% of asset managers listed asset management on their resume, but soft skills such as detail oriented and math skills are important as well.

  • Asset Management, 16.8%
  • Financial Statements, 9.9%
  • Loan Portfolio, 6.4%
  • Ensure Compliance, 6.0%
  • Property Management, 5.8%
  • Other Skills, 55.1%

Choose From 10+ Customizable Asset Manager Resume templates

Zippia allows you to choose from different easy-to-use Asset Manager templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Asset Manager resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

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Asset Manager Demographics

Asset Manager Gender Distribution

Male
Male
64%
Female
Female
36%

After extensive research and analysis, Zippia's data science team found that:

  • Among asset managers, 35.7% of them are women, while 64.3% are men.

  • The most common race/ethnicity among asset managers is White, which makes up 67.8% of all asset managers.

  • The most common foreign language among asset managers is Spanish at 54.0%.

Online Courses For Asset Manager That You May Like

Advertising Disclosure  The courses listed below are affiliate links. This means if you click on the link and purchase the course, we may receive a commission.
Real Estate Asset Management 101
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Best States For an Asset Manager

Some places are better than others when it comes to starting a career as an asset manager. The best states for people in this position are New York, Massachusetts, Oregon, and Connecticut. Asset managers make the most in New York with an average salary of $111,309. Whereas in Massachusetts and Oregon, they would average $97,963 and $96,515, respectively. While asset managers would only make an average of $96,117 in Connecticut, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. New York

Total Asset Manager Jobs:
2,106
Highest 10% Earn:
$163,000
Location Quotient:
1.61 Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Massachusetts

Total Asset Manager Jobs:
980
Highest 10% Earn:
$144,000
Location Quotient:
1.05 Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Pennsylvania

Total Asset Manager Jobs:
1,183
Highest 10% Earn:
$139,000
Location Quotient:
1 Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Full List Of Best States For Asset Managers

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Top Asset Manager Employers

Most Common Employers For Asset Manager

Rank  Company  Average Salary  Hourly Rate  Job Openings  
1GE Capital$121,414$58.3729
2Federal Deposit Insurance$113,260$54.4529
3AT&T$107,466$51.6737
4Citi$101,564$48.8333
5JPMorgan Chase & Co.$92,703$44.5754
6U.S. Bank$91,889$44.1846
7Bank of America$90,585$43.5588
8Wells Fargo$89,052$42.81125
9Crete Carrier$88,865$42.7232
10City of Philadelphia$88,479$42.5436

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