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Real estate developer vs real estate manager

The differences between real estate developers and real estate 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 real estate developer and a real estate manager. Additionally, a real estate developer has an average salary of $93,510, which is higher than the $86,874 average annual salary of a real estate manager.

The top three skills for a real estate developer include financial statements, property management and due diligence. The most important skills for a real estate manager are financial analysis, property management, and project management.

Real estate developer vs real estate manager overview

Real Estate DeveloperReal Estate Manager
Yearly salary$93,510$86,874
Hourly rate$44.96$41.77
Growth rate3%3%
Number of jobs87,86524,751
Job satisfaction--
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 69%
Average age4848
Years of experience66

What does a real estate developer do?

A real estate developer obtains and develops land, turning it into a real estate asset. Part of their job is to conduct extensive research and analyses, coordinate with experts, gather and analyze data, negotiate with land sellers, and prepare properties for development. They also oversee construction operations from planning to execution, set budgets and guidelines, establish timelines and objectives, generate leads for potential clients, and maintain an active communication line with contractors for a smooth and efficient workflow.

What does a real estate manager do?

A Real Estate Manager manages the financial aspects of a property. They collect rent and prepare and maintain financial statements. Real Estate Managers also inform owners about occupancy rates, expiration dates of leases, and other issues.

Real estate developer vs real estate manager salary

Real estate developers and real estate managers have different pay scales, as shown below.

Real Estate DeveloperReal Estate Manager
Average salary$93,510$86,874
Salary rangeBetween $66,000 And $131,000Between $58,000 And $129,000
Highest paying CityCatonsville, MDHartford, CT
Highest paying stateConnecticutConnecticut
Best paying companyRSM USMcKinsey & Company Inc
Best paying industryMediaFinance

Differences between real estate developer and real estate manager education

There are a few differences between a real estate developer and a real estate manager in terms of educational background:

Real Estate DeveloperReal Estate Manager
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 69%
Most common majorBusinessBusiness
Most common collegeUniversity of Southern CaliforniaUniversity of Southern California

Real estate developer vs real estate manager demographics

Here are the differences between real estate developers' and real estate managers' demographics:

Real Estate DeveloperReal Estate Manager
Average age4848
Gender ratioMale, 66.9% Female, 33.1%Male, 59.2% Female, 40.8%
Race ratioBlack or African American, 9.1% Unknown, 4.2% Hispanic or Latino, 17.0% Asian, 5.4% White, 63.8% American Indian and Alaska Native, 0.6%Black or African American, 8.5% Unknown, 4.1% Hispanic or Latino, 17.4% Asian, 5.2% White, 64.2% American Indian and Alaska Native, 0.6%
LGBT Percentage12%12%

Differences between real estate developer and real estate manager duties and responsibilities

Real estate developer example responsibilities.

  • Manage segment's treasury function including equity forecasting and investment requests as well as lender relations in a difficult banking environment.
  • Convert FTTH's accounting to QuickBooks
  • Install windows, doors and put on metal roof.
  • Remodel entire building, add bathroom, and double glaze windows for views of mountains.
  • Assist in the preparation of GAAP, statutory, management, and other financial reporting on monthly and quarterly basis.
  • Conduct semi-annual asset valuations and pro-forma analyses using ARGUS and self-developed models.
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Real estate manager example responsibilities.

  • Manage the submittal of all require documents for construction NTP.
  • Lead SEO efforts for primary corporate site, improving organic and paid traffic.
  • Coordinate and manage the NEPA, SHPO, FAA and FCC approval process.
  • Manage $20M budget and all fiscal functions including payroll, A/R, and A/P.
  • Manage and own the entire process from issue of RFDS to obtaining NTP from tower owner.
  • Manage leasing process of market price, tax credit, public housing programs as well as HUD apartments.
  • Show more

Real estate developer vs real estate manager skills

Common real estate developer skills
  • Financial Statements, 14%
  • Property Management, 10%
  • Due Diligence, 8%
  • General Contractors, 7%
  • Payroll, 4%
  • Real Estate Development, 4%
Common real estate manager skills
  • Financial Analysis, 10%
  • Property Management, 10%
  • Project Management, 8%
  • Oversight, 6%
  • Due Diligence, 6%
  • Customer Service, 6%

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