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The differences between finance management specialists and property management specialists can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become a finance management specialist, becoming a property management specialist takes usually requires 4-6 years. Additionally, a finance management specialist has an average salary of $70,219, which is higher than the $45,835 average annual salary of a property management specialist.
The top three skills for a finance management specialist include financial resources, financial reports and financial data. The most important skills for a property management specialist are property management, customer service, and real estate.
| Finance Management Specialist | Property Management Specialist | |
| Yearly salary | $70,219 | $45,835 |
| Hourly rate | $33.76 | $22.04 |
| Growth rate | 17% | 3% |
| Number of jobs | 143,820 | 74,282 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 57% |
| Average age | 46 | 48 |
| Years of experience | 8 | 6 |
A finance management specialist is in charge of overseeing and managing a company's financial activities, ensuring accuracy and smooth workflow. They typically coordinate with different departments to gather accurate data, manage budgets and schedules, prepare cost and budget reports, and assess existing procedures to identify areas needing improvement. They must also maintain extensive records, produce sales forecasts, and participate in creating financial goals and objectives. Furthermore, as a finance management specialist, it is essential to develop strategies to optimize financial operations, all while implementing the company's policies and regulations.
A property management specialist is responsible for managing the contracts and leasing opportunities for residential and commercial properties to potential tenants. Property management specialists evaluate the value of the properties according to market performance and determine the eligibility of tenant applicants in acquiring the property. They also inspect the condition of the property's overall facilities to identify possible repairs and renovations to ensure the safety and security of the tenants. A property management specialist must have excellent communication and organizational skills, especially in processing documents and organizing billing reports.
Finance management specialists and property management specialists have different pay scales, as shown below.
| Finance Management Specialist | Property Management Specialist | |
| Average salary | $70,219 | $45,835 |
| Salary range | Between $48,000 And $101,000 | Between $27,000 And $77,000 |
| Highest paying City | Washington, DC | San Rafael, CA |
| Highest paying state | New York | Connecticut |
| Best paying company | PayPal | Meta |
| Best paying industry | Government | Insurance |
There are a few differences between a finance management specialist and a property management specialist in terms of educational background:
| Finance Management Specialist | Property Management Specialist | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 57% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Southern California |
Here are the differences between finance management specialists' and property management specialists' demographics:
| Finance Management Specialist | Property Management Specialist | |
| Average age | 46 | 48 |
| Gender ratio | Male, 52.1% Female, 47.9% | Male, 50.7% Female, 49.3% |
| Race ratio | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.1% White, 63.6% American Indian and Alaska Native, 0.3% | Black or African American, 8.8% Unknown, 4.1% Hispanic or Latino, 16.9% Asian, 5.3% White, 64.3% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 11% | 12% |