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The differences between regional property managers and asset managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a regional property manager, becoming an asset manager takes usually requires 6-8 years. Additionally, an asset manager has an average salary of $85,814, which is higher than the $79,788 average annual salary of a regional property manager.
The top three skills for a regional property manager include property management, portfolio and customer service. The most important skills for an asset manager are asset management, financial statements, and property management.
| Regional Property Manager | Asset Manager | |
| Yearly salary | $79,788 | $85,814 |
| Hourly rate | $38.36 | $41.26 |
| Growth rate | 3% | 17% |
| Number of jobs | 35,266 | 64,732 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 68% |
| Average age | 48 | 46 |
| Years of experience | 6 | 8 |
A regional property manager is in charge of overseeing the maintenance and operations of commercial and residential properties in a particular area, ensuring efficiency and smooth workflow. Their responsibilities include setting goals and objectives, coordinating with staff, managing budgets and schedules, producing progress reports and presentations for the executives, and resolving issues promptly and efficiently. Furthermore, a regional property manager spearheads the efforts put into advertising properties for potential clients, approving applications, and terminating leases, all while implementing the company's policies and regulations.
An asset manager is responsible for advising clients with their investment preferences and financial goals based on their assets' quantity and value. Asset managers regularly meet with their clients regarding their asset management's progress, recommending more investment options and considering the clients' needs. They manage financial portfolios and prepare stock market reports and forecasts as needed. An asset manager must have a broad knowledge of the financial industry and investment processes, identifying profit opportunities for long-term investment objectives.
Regional property managers and asset managers have different pay scales, as shown below.
| Regional Property Manager | Asset Manager | |
| Average salary | $79,788 | $85,814 |
| Salary range | Between $56,000 And $113,000 | Between $59,000 And $123,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | Connecticut | New York |
| Best paying company | D.R. Horton | Deutsche Bank |
| Best paying industry | Professional | Finance |
There are a few differences between a regional property manager and an asset manager in terms of educational background:
| Regional Property Manager | Asset Manager | |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | University of Southern California | Stanford University |
Here are the differences between regional property managers' and asset managers' demographics:
| Regional Property Manager | Asset Manager | |
| Average age | 48 | 46 |
| Gender ratio | Male, 41.0% Female, 59.0% | Male, 64.3% Female, 35.7% |
| Race ratio | Black or African American, 9.5% Unknown, 4.2% Hispanic or Latino, 16.2% Asian, 5.5% White, 64.0% American Indian and Alaska Native, 0.6% | Black or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.0% Asian, 8.9% White, 63.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 12% | 11% |