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The differences between managers, asset management and property managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become a manager, asset management, becoming a property manager takes usually requires 4-6 years. Additionally, a manager, asset management has an average salary of $84,570, which is higher than the $49,958 average annual salary of a property manager.
The top three skills for a manager, asset management include asset management, process improvement and patient care. The most important skills for a property manager are customer service, property management, and financial reports.
| Manager, Asset Management | Property Manager | |
| Yearly salary | $84,570 | $49,958 |
| Hourly rate | $40.66 | $24.02 |
| Growth rate | 17% | 3% |
| Number of jobs | 116,330 | 15,402 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 50% |
| Average age | 46 | 48 |
| Years of experience | 8 | 6 |
A manager of asset management specializes in performing research and analysis to identify ideal asset investments for clients such as stocks, bonds, real estate, and other commodities. Their responsibilities revolve around liaising with clients to identify their needs and long-term goals, trading and managing investments upon clients' request or approval, assisting and monitoring asset acquisition, conducting risk analyses and assessments, and managing portfolios. Furthermore, as a manager, it is essential to lead and encourage the asset management team to reach goals, all while adhering to the company and clients' vision and mission.
Property managers are responsible for overseeing the real estate properties of their clients. They manage property rentals and leasing and ensure that the terms on these rentals are by what the owner is amenable to. Property managers act as the representative of their client during negotiations and deals. They also set rental prices and other finance-related items since they are familiar with how the market looks. Besides dealing with financial matters, they also manage administrative matters such as enforcing rules and policies, crafting reports, managing contractors, and drafting related documents.
Managers, asset management and property managers have different pay scales, as shown below.
| Manager, Asset Management | Property Manager | |
| Average salary | $84,570 | $49,958 |
| Salary range | Between $49,000 And $145,000 | Between $34,000 And $72,000 |
| Highest paying City | Hartford, CT | New York, NY |
| Highest paying state | Connecticut | New Jersey |
| Best paying company | Willkie Farr & Gallagher | Nokia |
| Best paying industry | Finance | Professional |
There are a few differences between a manager, asset management and a property manager in terms of educational background:
| Manager, Asset Management | Property Manager | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 50% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Southern California |
Here are the differences between managers, asset management' and property managers' demographics:
| Manager, Asset Management | Property Manager | |
| Average age | 46 | 48 |
| Gender ratio | Male, 57.2% Female, 42.8% | Male, 38.1% Female, 61.9% |
| Race ratio | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 10.1% White, 63.6% American Indian and Alaska Native, 0.3% | Black or African American, 8.5% Unknown, 4.1% Hispanic or Latino, 17.6% Asian, 5.3% White, 63.9% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 11% | 12% |