"customer service," "portfolio," and "risk management" aren't the only skills we found management associates list on their resumes. In fact, there's a whole list of management associate responsibilities that we found, including:
What Does a Management Associate Do?
A management associate is responsible for assisting the management operations, supporting administrative and clerical tasks, and coordinating with other departments for project support to meet the organization's objectives and profitability goals. Management associates often respond to clients' inquiries and concerns on behalf of the executives, documenting their needs, and immediately escalating high-level complaints to appropriate personnel. They also meet with suppliers and other third-party vendors, negotiating contracts for business needs. A management associate must have excellent communication, be organized, and have time-management skills to perform duties in a fast-paced environment.
Management Associate Responsibilities
Here are examples of responsibilities from real management associate resumes representing typical tasks they are likely to perform in their roles.
- Manage A/R, A/P, capital assets, and security deposits.
- Manage the rehabilitation of homes and lead abatement of existing homes.
- Value add services through managing partnerships with functional business teams to support client ROI.
- Manage and execute the entire SDLC search for a single core products processing vendor.
- Manage CAPA, document control, internal audit, complaint handling and training programs.
- Lead team of PMs to deliver fast-pace web site dev projects to drive revenue and market share.
- Ensure compliance with NCQA standards and HEDIS reporting for BlueChoice HealthPlan's commercial and Medicaid products.
- Gather audit information for the Medicare and Medicaid audits.
- Prepare month-end analysis and close, and general journal entries including accruals and cost deferrals.
- Analyze high net worth customer profiles to assist investment professionals with customizing investment portfolio solutions and overall wealth management plans.
- Introduce a project financial governance framework, in addition to integrating a change management framework within the project management structure.
- Train appropriate staff to access and utilize SharePoint database.
- Create and present monthly or quarterly advertising recap ROI.
- Used key recommendations obtain during HEDIS audit to improve rates.
- Participate on an internal strategic team relate to Medicare billing and compliance.
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Management Associate Skills and Personality Traits
We calculated that 16% of Management Associates are proficient in Customer Service, Portfolio, and Risk Management. They’re also known for soft skills such as Math skills, Organizational skills, and Detail oriented.
We break down the percentage of Management Associates that have these skills listed on their resume here:
- Customer Service, 16%
Participated in the Leadership Development Program including rotations in production, manufacturing, accounting, estimating, purchasing and customer service.
- Portfolio, 7%
Compiled and analyzed various credit management reports to support the presentation of portfolio reviews, internal/external audit, and special projects.
- Risk Management, 6%
Worked closely with Risk Management Research Analysts and Business Analysts to assist with data maintenance protocols for data consistency and accuracy.
- Patients, 6%
Ensured that all inquiries/activities were appropriately documented and that any records required from customers or patients were obtained.
- Strong Analytical, 5%
Utilized strong analytical skills and team work to address and resolve, marketing, and operations issues in support of clients.
- Project Management, 5%
Developed a project management infrastructure to facilitate the integration of the technology architectures of 2 major railroad lines after their merger.
The three companies that hire the most prestigious management associates are:
- JPMorgan Chase & Co.229 Management Associates Jobs
- Pwc148 Management Associates Jobs
- Morgan Stanley105 Management Associates Jobs
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What Project Directors Do
A project director is a professional responsible for supervising workers from various departments given specific tasks to complete a given project. They create a budget to complete a job while monitoring the amount of money spent to ensure that overspending is avoided. They provide presentations to investors, business partners, and company executives to inform them about their progress and development. Project directors must have several years of experience and obtain at least a bachelor's degree in business economics or a related field to be hired.
In this section, we compare the average management associate annual salary with that of a project director. Typically, project directors earn a $23,830 higher salary than management associates earn annually.
Even though management associates and project directors have vast differences in their careers, a few of the skills required to do both jobs are similar. For example, both careers require project management, excellent interpersonal, and business development in the day-to-day roles.
There are some key differences in responsibilities as well. For example, a management associate responsibilities require skills like "customer service," "portfolio," "risk management," and "patients." Meanwhile a typical project director has skills in areas such as "oversight," "customer satisfaction," "adaptive," and "strategic thinking." This difference in skills reveals how truly different these two careers really are.
Project directors really shine in the technology industry with an average salary of $106,707. Whereas management associates tend to make the most money in the finance industry with an average salary of $93,348.
The education levels that project directors earn is a bit different than that of management associates. In particular, project directors are 9.4% more likely to graduate with a Master's Degree than a management associate. Additionally, they're 2.0% more likely to earn a Doctoral Degree.
What Are The Duties Of a Consultant/Project Manager?
Consultants/project managers act as planners, leaders, and advisors in business enterprises. These professionals facilitate meetings and establish positive relationships with vendors, management, and clients. They make customer visits, maintain industry knowledge, procure third-party software and hardware, and deliver projects. It is also part of their duty to manage complex initiatives in an individual business unit or organization. Their skills include analytical, time and cost management, problem-solving, interpersonal skills, and proficiency in project management software.
Now we're going to look at the consultant/project manager profession. On average, consultant/project managers earn a $17,188 higher salary than management associates a year.
Not everything about these jobs is different. Take their skills, for example. Management associates and consultant/project managers both include similar skills like "risk management," "strong analytical," and "project management" on their resumes.
In addition to the difference in salary, there are some other key differences that are worth noting. For example, management associate responsibilities are more likely to require skills like "customer service," "portfolio," "patients," and "excellent interpersonal." Meanwhile, a consultant/project manager might be skilled in areas such as "project scope," "executive management," "customer satisfaction," and "manage project scope." These differences highlight just how different the day-to-day in each role looks.
It's been discovered that consultant/project managers earn higher salaries compared to management associates, but we wanted to find out where consultant/project managers earned the most pay. The answer? The technology industry. The average salary in the industry is $107,463. Additionally, management associates earn the highest paychecks in the finance with an average salary of $93,348.
When it comes to the differences in education between the two professions, consultant/project managers tend to reach higher levels of education than management associates. In fact, they're 6.6% more likely to graduate with a Master's Degree and 2.0% less likely to earn a Doctoral Degree.
How an Assistant Project Manager Compares
An assistant project manager is a professional who works directly under a project manager to support the planning and execution of projects. Associate project managers keep track of a project's progress and communicate with stakeholders about project needs and goals. They help procure materials and other essential items to meet project goals and avoid delays in completing a project. They are also responsible for resolving complex issues that arise in a project.
Let's now take a look at the assistant project manager profession. On average, these workers make lower salaries than management associates with a $7,546 difference per year.
By looking over several management associates and assistant project managers resumes, we found that both roles utilize similar skills, such as "project management," "work ethic," and "hr." But beyond that the careers look very different.
There are many key differences between these two careers as shown by resumes from each profession. Some of those differences include the skills required to complete responsibilities within each role. As an example of this, a management associate is likely to be skilled in "customer service," "portfolio," "risk management," and "patients," while a typical assistant project manager is skilled in "construction management," "general contractors," "construction projects," and "purchase orders."
Assistant project managers make a very good living in the technology industry with an average annual salary of $80,365. Whereas management associates are paid the highest salary in the finance industry with the average being $93,348.
When it comes to education, assistant project managers tend to earn similar education levels than management associates. In fact, they're 2.3% less likely to earn a Master's Degree, and 1.2% less likely to graduate with a Doctoral Degree.
Description Of a Program/Project Manager
The program manager and project manager are two important positions within a company that are thought to be similar. However, program managers direct diverse projects and programs while project managers head the team who is responsible for ensuring a project is completed on time and within budget. Program managers are responsible for the conveyance of the company goals and generally act as a customer interface that helps clients get their desired update and change of a project. Project managers, on the other hand, focus on the project's schedule, scope, and resources needed to complete it on time.
Program/project managers tend to earn a higher pay than management associates by about $18,284 per year.
According to resumes from both management associates and program/project managers, some of the skills necessary to complete the responsibilities of each role are similar. These skills include "portfolio," "risk management," and "project management. "
While some skills are shared by these professions, there are some differences to note. "customer service," "patients," "strong analytical," and "excellent interpersonal" are skills that have shown up on management associates resumes. Additionally, program/project manager uses skills like program management, pmp, status reports, and infrastructure on their resumes.
Now, let's take a closer look at the financials in each career. The professional industry tends to pay more for program/project managers with an average of $123,832. While the highest management associate annual salary comes from the finance industry.
The average resume of program/project managers showed that they earn higher levels of education to management associates. So much so that the likelihood of them earning a Master's Degree is 8.4% more. Additionally, they're less likely to earn a Doctoral Degree by 1.1%.
Types Of Management Associate
What a Management Associate Does FAQs
What Is A Case Management Associate?
A case management associate is an administrative professional who ensures that patients move through the healthcare system and receive the treatment and rehabilitation they require. Case management associates work in hospitals and clinics in a largely independent capacity under the oversight of a case manager.
Have more questions? See all answers to common executive management questions.