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The differences between real estate management specialists and building 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 management specialist and a building manager. Additionally, a real estate management specialist has an average salary of $93,166, which is higher than the $66,595 average annual salary of a building manager.
The top three skills for a real estate management specialist include customer service, customer satisfaction and residential real estate. The most important skills for a building manager are building maintenance, emergency situations, and HVAC.
| Real Estate Management Specialist | Building Manager | |
| Yearly salary | $93,166 | $66,595 |
| Hourly rate | $44.79 | $32.02 |
| Growth rate | 3% | 3% |
| Number of jobs | 74,675 | 15,982 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 67% |
| Average age | 48 | 48 |
| Years of experience | 6 | 6 |
A real estate management specialist is in charge of developing strategies to optimize real estate operations, ensuring efficiency and smooth workflow. Their responsibilities revolve around overseeing the real estate operations, supervising staff, devising strategies to reach out to potential tenants, and liaising with contractors and other external parties. They may also participate in conducting risk assessments, evaluating lease applications, performing inspections, and producing progress reports and presentations. Furthermore, as a real estate management specialist, it is essential to coordinate with teams and implement the company's policies and regulations.
Building managers are executives who oversee the maintenance and safety of properties and make sure that these properties comply with the organization's goals. The managers coordinate and manage the safety, security, and maintenance of the general building. They are tasked to supervise janitorial staff in cleaning the building. It is their responsibility to keep organized and clear records related to security issues and occupant complaints. They should be equipped with organizational skills, attention to detail, and communication skills.
Real estate management specialists and building managers have different pay scales, as shown below.
| Real Estate Management Specialist | Building Manager | |
| Average salary | $93,166 | $66,595 |
| Salary range | Between $66,000 And $130,000 | Between $37,000 And $117,000 |
| Highest paying City | Baltimore, MD | Cambridge, MA |
| Highest paying state | Connecticut | Connecticut |
| Best paying company | Apple | |
| Best paying industry | Finance | Real Estate |
There are a few differences between a real estate management specialist and a building manager in terms of educational background:
| Real Estate Management Specialist | Building Manager | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Southern California | University of Southern California |
Here are the differences between real estate management specialists' and building managers' demographics:
| Real Estate Management Specialist | Building Manager | |
| Average age | 48 | 48 |
| Gender ratio | Male, 46.2% Female, 53.8% | Male, 65.9% Female, 34.1% |
| Race ratio | Black or African American, 8.8% Unknown, 4.1% Hispanic or Latino, 17.1% Asian, 5.3% White, 64.0% American Indian and Alaska Native, 0.6% | Black or African American, 8.6% Unknown, 4.1% Hispanic or Latino, 17.8% Asian, 5.3% White, 63.6% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 12% | 12% |