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The differences between property managers and general managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a property manager and a general manager. Additionally, a general manager has an average salary of $71,581, which is higher than the $49,958 average annual salary of a property manager.
The top three skills for a property manager include customer service, property management and financial reports. The most important skills for a general manager are customer service, cleanliness, and food safety.
| Property Manager | General Manager | |
| Yearly Salary | $49,958 | $71,581 |
| Hourly rate | $24.02 | $34.41 |
| Growth Rate | 3% | 6% |
| Number Of Jobs | 15,402 | 442,690 |
| Job Satisfaction | 5 | 4.25 |
| Most Common Degree | Bachelor's Degree, 50% | Bachelor's Degree, 56% |
| Average Age | 48 | 44 |
| Years Of Experience | 6 | 6 |
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.
A general manager is responsible for handling the overall operations in the business. General managers manage the staff tasks efficiently, monitor the productivity and efficiency of the work environment, implement new strategies to improve the business performance, recognize the team's best efforts, and effective allocation of budget resources. A general manager must have excellent communication, decision-making, and critical-thinking skills to identify areas of improvement in handling customer complaints, connecting with vendors and other lines of businesses that will direct the company towards its successful objectives.
Property managers and general managers have different pay scales, as shown below.
| Property Manager | General Manager | |
| Average Salary | $49,958 | $71,581 |
| Salary Range | Between $34,000 And $72,000 | Between $40,000 And $126,000 |
| Highest Paying City | New York, NY | San Francisco, CA |
| Highest Paying State | New Jersey | Hawaii |
| Best Paying Company | Nokia | NVIDIA |
| Best Paying Industry | Professional | Manufacturing |
There are a few differences between a property manager and a general manager in terms of educational background:
| Property Manager | General Manager | |
| Most Common Degree | Bachelor's Degree, 50% | Bachelor's Degree, 56% |
| Most Common Major | Business | Business |
| Most Common College | University of Southern California | University of Pennsylvania |
Here are the differences between property managers' and general managers' demographics:
| Property Manager | General Manager | |
| Average Age | 48 | 44 |
| Gender Ratio | Male, 38.1% Female, 61.9% | Male, 70.7% Female, 29.3% |
| Race Ratio | 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% | Black or African American, 6.2% Unknown, 4.3% Hispanic or Latino, 15.4% Asian, 6.4% White, 67.1% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 12% | 10% |