Post job

Senior property manager vs asset manager

The differences between senior 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 senior 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 $71,867 average annual salary of a senior property manager.

The top three skills for a senior property manager include property management, portfolio and real estate. The most important skills for an asset manager are asset management, financial statements, and property management.

Senior property manager vs asset manager overview

Senior Property ManagerAsset Manager
Yearly salary$71,867$85,814
Hourly rate$34.55$41.26
Growth rate3%17%
Number of jobs13,47564,732
Job satisfaction--
Most common degreeBachelor's Degree, 64%Bachelor's Degree, 68%
Average age4846
Years of experience68

What does a senior property manager do?

A Senior Property Manager is responsible for the administration of property operations and the leasing office. They ensure that property management runs smoothly and profits are maximized.

What does an asset manager do?

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.

Senior property manager vs asset manager salary

Senior property managers and asset managers have different pay scales, as shown below.

Senior Property ManagerAsset Manager
Average salary$71,867$85,814
Salary rangeBetween $46,000 And $110,000Between $59,000 And $123,000
Highest paying CityRichmond, CANew York, NY
Highest paying stateWashingtonNew York
Best paying companyAlbemarleDeutsche Bank
Best paying industryProfessionalFinance

Differences between senior property manager and asset manager education

There are a few differences between a senior property manager and an asset manager in terms of educational background:

Senior Property ManagerAsset Manager
Most common degreeBachelor's Degree, 64%Bachelor's Degree, 68%
Most common majorBusinessBusiness
Most common collegeUniversity of Southern CaliforniaStanford University

Senior property manager vs asset manager demographics

Here are the differences between senior property managers' and asset managers' demographics:

Senior Property ManagerAsset Manager
Average age4846
Gender ratioMale, 41.9% Female, 58.1%Male, 64.3% Female, 35.7%
Race ratioBlack or African American, 8.9% Unknown, 4.1% Hispanic or Latino, 17.2% Asian, 5.4% White, 63.8% 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 Percentage12%11%

Differences between senior property manager and asset manager duties and responsibilities

Senior property manager example responsibilities.

  • Forecast and manage replacement of major capital expense items including HVAC system, roof systems, parking lot surfaces etc.
  • Manage segment's treasury function including equity forecasting and investment requests as well as lender relations in a difficult banking environment.
  • Use advance Yardi skills to process accounts receivable/payable, review budget reports, and analyze performance reports.
  • Ensure that all building systems, electrical, plumbing, HVAC, and fire systems are property maintain and service.
  • Coordinate the transition of the accounting process moving from JD Edwards to Yardi, and the subsequent reconciliation of tenant accounts.
  • Supervise and oversee all tenant/Landlord development/redevelopment work/budgets within designate portfolio.
  • Show more

Asset manager example responsibilities.

  • Manage and improve the processes require to support server end of life and normal windows patching processes.
  • Manage a pipeline of assets/projects through the project life cycle of short sale/deed in lieu of foreclosure through closing.
  • Manage and facilitate IRB investigations of report non-compliance and/or scientific misconduct.
  • Recognize for financial acumen, successfully managing invoicing, vendor accounts, reconciliations, and target reports.
  • Manage commercial and multifamily REO portfolio preparing property operating plans to enhance value and marketability of REO asset
  • Trade structured product securities for accounts manage by other portfolio managers base on economic conditions and the needs of specific portfolios.
  • Show more

Senior property manager vs asset manager skills

Common senior property manager skills
  • Property Management, 16%
  • Portfolio, 12%
  • Real Estate, 11%
  • Yardi, 5%
  • Property Inspections, 5%
  • Construction Projects, 4%
Common asset manager skills
  • Asset Management, 20%
  • Financial Statements, 7%
  • Property Management, 7%
  • Customer Service, 6%
  • Oversight, 5%
  • Loan Portfolio, 5%

Browse executive management jobs