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The differences between real estate managers and 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 manager and a manager. Additionally, a real estate manager has an average salary of $86,874, which is higher than the $58,651 average annual salary of a manager.
The top three skills for a real estate manager include financial analysis, property management and project management. The most important skills for a manager are customer service, payroll, and food safety.
| Real Estate Manager | Manager | |
| Yearly salary | $86,874 | $58,651 |
| Hourly rate | $41.77 | $28.20 |
| Growth rate | 3% | 6% |
| Number of jobs | 24,751 | 1,236,194 |
| Job satisfaction | - | 4.57 |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 49% |
| Average age | 48 | 44 |
| Years of experience | 6 | 6 |
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.
Managers are responsible for a specific department, function, or employee group. They oversee their assigned departments and all the employees under the department. Managers are responsible that the department they are handling is functioning well. They set the department goals and the steps they must take to achieve the goals. They are also in charge of assessing the performance of their departments and their employees. Additionally, managers are responsible for interviewing prospective candidates for department vacancies and assessing their fit to the needs of the department. Managers also set the general working environment in the department, and they are expected to ensure that their employees remain motivated.
Real estate managers and managers have different pay scales, as shown below.
| Real Estate Manager | Manager | |
| Average salary | $86,874 | $58,651 |
| Salary range | Between $58,000 And $129,000 | Between $37,000 And $92,000 |
| Highest paying City | Hartford, CT | - |
| Highest paying state | Connecticut | New Jersey |
| Best paying company | McKinsey & Company Inc | - |
| Best paying industry | Finance | Finance |
There are a few differences between a real estate manager and a manager in terms of educational background:
| Real Estate Manager | Manager | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 49% |
| Most common major | Business | Business |
| Most common college | University of Southern California | University of Pennsylvania |
Here are the differences between real estate managers' and managers' demographics:
| Real Estate Manager | Manager | |
| Average age | 48 | 44 |
| Gender ratio | Male, 59.2% Female, 40.8% | Male, 51.0% Female, 49.0% |
| Race ratio | 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% | Black or African American, 6.3% Unknown, 4.3% Hispanic or Latino, 15.5% Asian, 6.4% White, 67.0% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 12% | 10% |