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The differences between information technology asset managers and asset managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both an information technology asset manager and an asset manager. Additionally, an asset manager has an average salary of $85,814, which is higher than the $84,147 average annual salary of an information technology asset manager.
The top three skills for an information technology asset manager include ITIL, ITAM and CMDB. The most important skills for an asset manager are asset management, financial statements, and property management.
| Information Technology Asset Manager | Asset Manager | |
| Yearly salary | $84,147 | $85,814 |
| Hourly rate | $40.46 | $41.26 |
| Growth rate | 16% | 17% |
| Number of jobs | 96,219 | 64,732 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 68% |
| Average age | 47 | 46 |
| Years of experience | 8 | 8 |
Information technology (IT) asset managers are IT professionals who are responsible for maintaining a detailed inventory of the software and hardware assets of an organization. These IT managers are required to avoid unnecessary asset purchases while utilizing their IT asset resources to help their organization eliminate waste and increase efficiency. They must develop policies and standards to manage their IT asset portfolio both on a daily and long-term basis. IT asset managers must also maintain databases and records of information such as service agreements, licenses, and warranties for the software and hardware of the organization.
An asset manager is responsible for advising clients with their investment preferences and financial goals based on their assets' quantity and value. Asset managers regularly meet with their clients regarding their asset management's progress, recommending more investment options and considering the clients' needs. They manage financial portfolios and prepare stock market reports and forecasts as needed. An asset manager must have a broad knowledge of the financial industry and investment processes, identifying profit opportunities for long-term investment objectives.
Information technology asset managers and asset managers have different pay scales, as shown below.
| Information Technology Asset Manager | Asset Manager | |
| Average salary | $84,147 | $85,814 |
| Salary range | Between $58,000 And $120,000 | Between $59,000 And $123,000 |
| Highest paying City | - | New York, NY |
| Highest paying state | - | New York |
| Best paying company | - | Deutsche Bank |
| Best paying industry | - | Finance |
There are a few differences between an information technology asset manager and an asset manager in terms of educational background:
| Information Technology Asset Manager | Asset Manager | |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | Carnegie Mellon University | Stanford University |
Here are the differences between information technology asset managers' and asset managers' demographics:
| Information Technology Asset Manager | Asset Manager | |
| Average age | 47 | 46 |
| Gender ratio | Male, 64.7% Female, 35.3% | Male, 64.3% Female, 35.7% |
| Race ratio | Black or African American, 6.7% Unknown, 5.2% Hispanic or Latino, 10.1% Asian, 12.6% White, 65.1% American Indian and Alaska Native, 0.2% | Black or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.0% Asian, 8.9% White, 63.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |