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Job outlook for asset managers in the United States
Asset manager job growth summary. After extensive research, interviews, and analysis, Zippia's data science team found that:
The projected asset manager job growth rate is 17% from 2018-2028.
About 123,100 new jobs for asset managers are projected over the next decade.
Asset manager salaries have increased 10% for asset managers in the last 5 years.
There are over 11,020 asset managers currently employed in the United States.
There are 64,732 active asset manager job openings in the US.
The average asset manager salary is $85,814.
Are asset manager jobs in demand?
Asset manager job and salary trends over time
Asset manager jobs over time
Asset manager job growth rate over time
| Year | # of jobs | % of population |
|---|---|---|
| 2021 | 11,020 | 0.00% |
| 2020 | 10,567 | 0.00% |
| 2019 | 10,595 | 0.00% |
| 2018 | 9,839 | 0.00% |
| 2017 | 9,213 | 0.00% |
Average asset manager salary over time
Asset manager salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2026 | $85,814 | $41.26 | +3.3% |
| 2025 | $83,071 | $39.94 | +1.5% |
| 2024 | $81,855 | $39.35 | +2.3% |
| 2023 | $79,994 | $38.46 | +2.7% |
| 2022 | $77,865 | $37.43 | +3.2% |
Asset manager jobs by state
Most common states for asset managers
| Rank | State | Population | # of jobs | Employment/ 1000ppl |
|---|---|---|---|---|
| 1 | District of Columbia | 693,972 | 325 | 47% |
| 2 | Massachusetts | 6,859,819 | 980 | 14% |
| 3 | Washington | 7,405,743 | 981 | 13% |
| 4 | Delaware | 961,939 | 123 | 13% |
| 5 | Illinois | 12,802,023 | 1,527 | 12% |
| 6 | Maryland | 6,052,177 | 698 | 12% |
| 7 | New York | 19,849,399 | 2,106 | 11% |
| 8 | Virginia | 8,470,020 | 954 | 11% |
| 9 | Colorado | 5,607,154 | 597 | 11% |
| 10 | California | 39,536,653 | 4,078 | 10% |
| 11 | Georgia | 10,429,379 | 1,055 | 10% |
| 12 | New Jersey | 9,005,644 | 899 | 10% |
| 13 | Missouri | 6,113,532 | 589 | 10% |
| 14 | Minnesota | 5,576,606 | 556 | 10% |
| 15 | Oregon | 4,142,776 | 404 | 10% |
| 16 | Connecticut | 3,588,184 | 372 | 10% |
| 17 | Utah | 3,101,833 | 305 | 10% |
| 18 | Rhode Island | 1,059,639 | 103 | 10% |
| 19 | Pennsylvania | 12,805,537 | 1,183 | 9% |
| 20 | Alaska | 739,795 | 65 | 9% |
Most common cities for asset managers
| Rank | City | # of jobs | Employment/ 1000ppl | Avg. salary |
|---|---|---|---|---|
| 1 | Lansing | 3 | 3% | $80,031 |
| 2 | Newton | 3 | 3% | $98,072 |
| 3 | Atlanta | 9 | 2% | $72,169 |
| 4 | Des Moines | 4 | 2% | $67,762 |
| 5 | Fort Lauderdale | 4 | 2% | $68,377 |
| 6 | Hartford | 3 | 2% | $96,574 |
| 7 | Little Rock | 3 | 2% | $74,138 |
| 8 | Washington | 8 | 1% | $93,056 |
| 9 | Boston | 7 | 1% | $98,111 |
| 10 | Denver | 7 | 1% | $71,781 |
| 11 | Baltimore | 6 | 1% | $92,953 |
| 12 | New Orleans | 3 | 1% | $88,658 |
| 13 | Orlando | 3 | 1% | $69,863 |
| 14 | Sacramento | 3 | 1% | $106,057 |
| 15 | Chicago | 5 | 0% | $87,097 |
| 16 | Los Angeles | 5 | 0% | $92,155 |
| 17 | Indianapolis | 4 | 0% | $79,528 |
| 18 | Phoenix | 4 | 0% | $83,159 |
| 19 | San Diego | 4 | 0% | $89,715 |
| 20 | Jacksonville | 3 | 0% | $70,218 |
Asset Manager job outlook: Expert opinions
Our panel of asset manager experts
Red Rocks Community College
Janet Tarase
Lead Accounting Faculty / Accounting Department ChairRed Rocks Community College
Accounting Department
What are the biggest trends we'll see in the Asset Manager job market given the pandemic?
Janet Tarase: Even though over 7 million people are currently unemployed, employers still need individuals to maintain their operations. Human Resource departments are recruiting individuals through social media platforms. My daughter works in HR recruiting and they only use LinkedIn. Companies are using video or phone interviews to select candidates. Which means that potential candidates have to communicate effectively and make a good first impression quickly.
Employers will be looking for individuals that have proven communication, organizational and time management skills that are able to work independently since telecommuting will be continuing in the future. Applicants will also need to have technological and critical thinking skills to manage the challenges presented while working from home. Because of the pandemic and so many of us having to work from home, companies may broaden their recruiting geography to find the best candidates out of state or in different time zones. Finally, employees need to be flexible and resilient - you never know what the next job requirement will demand.