Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between property managers and project managers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a project manager has an average salary of $91,578, 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 project manager are project management, project scope, and customer service.
| Property Manager | Project Manager | |
| Yearly salary | $49,958 | $91,578 |
| Hourly rate | $24.02 | $44.03 |
| Growth rate | 3% | 8% |
| Number of jobs | 15,402 | 167,116 |
| Job satisfaction | 5 | 4.17 |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 68% |
| Average age | 48 | 47 |
| Years of experience | 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.
Project managers oversee a specific project related to the organization's business. They manage the whole project from inception to evaluation. They initiate planning with involved departments, follow-through on the plans, ensure smooth execution of the plans, and evaluate the project for further improvements should these be needed. In line with this, project managers also ensure that the project is cost-efficient and well within the budget. They also manage the different work teams involved in the project and ensure that things are running smoothly on this aspect as well.
Property managers and project managers have different pay scales, as shown below.
| Property Manager | Project Manager | |
| Average salary | $49,958 | $91,578 |
| Salary range | Between $34,000 And $72,000 | Between $64,000 And $129,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | New Jersey | California |
| Best paying company | Nokia | The Citadel |
| Best paying industry | Professional | Technology |
There are a few differences between a property manager and a project manager in terms of educational background:
| Property Manager | Project Manager | |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | University of Southern California | University of Pennsylvania |
Here are the differences between property managers' and project managers' demographics:
| Property Manager | Project Manager | |
| Average age | 48 | 47 |
| Gender ratio | Male, 38.1% Female, 61.9% | Male, 68.9% Female, 31.1% |
| 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, 7.7% Unknown, 4.7% Hispanic or Latino, 12.9% Asian, 9.0% White, 65.0% American Indian and Alaska Native, 0.7% |
| LGBT Percentage | 12% | 10% |