Asset Manager Salary

Commissions comprise a big part of overall income for Asset Managers. The median take-home amount in this area is around $73K, and on average, nearly two in five of that final number comes from commissions. Overall cash earnings for Asset Managers vary widely between $41K and $125K; for a few high rollers, the final number can encompass upwards of $26K each from bonuses and profit sharing proceeds. Geographic location and career duration each impact pay for this group, with the former having the largest influence. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Job satisfaction is high and work is enjoyable for most Asset Managers. Participants in PayScale's salary questionnaire provided the particulars of this report.
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$43,578 - $115,280
(Median)
$44K
$72K
$120K
MEDIAN: $71,900
10%
50%
90%

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$12.58 - $39.49
(Median)
$13
$20
$39
MEDIAN: $20
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$43,578 - $115,280  
   
Bonus
$0.00 - $25,624  
Profit Sharing
$0.00 - $25,760  
Commission
$14,740 - $35,168  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$41,461 - $124,879  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 859
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$25$50$75
Hourly Rate
$12.58 - $39.49  
   
Overtime
$16.31 - $45.20  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Bonus
$0.00 - $25,624  
   
Commission
$14,740 - $35,168  
Profit Sharing
$0.00 - $25,760  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$41,461 - $124,879  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 74
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Job Description for Asset Manager

Asset managers are responsible for the management, procurement, valuation, and disposition of a company's property, data, and documents. These assets may include anything from property to computers to cell phones. Asset managers keep records and create reports related to those assets, and they may work alone or as part of an asset management team.

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Asset Manager Tasks

  • Supervise the development of strategies to increase asset returns
  • Organize paperwork and processes required to buy, sell, or modify assets.
  • Recommend strategies for maximizing the value and returns for assets held by a company.
  • Write reports on property asset statistics for senior management.
  • Monitor the status of collateral and payments for current loans.

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Popular Skills for Asset Manager


Survey respondents exploit a significant toolbox of skills in their work. Most notably, facility with Contract Negotiation, Operations Management, and Financial Analysis are correlated to pay that is significantly above average, leading to increases of 24 percent, 18 percent, and 16 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Inventory Management, Property Management, and Windows Operating System General Use. Those educated in Microsoft Excel tend to be well versed in Financial Analysis and Real Estate.

Pay by Experience Level for Asset Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


For many Asset Managers, experience and pay levels seem to be correlated; more years in the business generally lead to more money. Salaries of relatively inexperienced workers fall in the neighborhood of $60K, but folks who have racked up five to 10 years see a notably higher median of $80K. Asset Managers claiming one to two decades of experience make an estimated median of $90K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $102K.

Pay Difference by Location


For those looking to make money, Asset Managers in San Francisco enjoy an exceptional pay rate, 49 percent above the national average. Asset Managers will also find cushy salaries in Seattle (+36 percent), Houston (+31 percent), New York (+29 percent), and Washington (+27 percent). Portland is the lowest-paying area, 15 percent south of the national average. Employers pay around 14 percent less in San Diego and 5 percent less in Oklahoma City, below-median salaries for those in this field.

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Experience Affects Asset Manager Salaries




National Average
$73,000


Skills That Affect Asset Manager Salaries







National Average
$73,000

Accounting
up arrow 2%


Budget Management
up arrow 5%




Financial Reporting
up arrow 13%

Property Management
up arrow 18%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 179 votes.

Gender

Female
40 %
Male
60 %

Years of Experience

Less than 1 year
2%
1-4 years
31%
5-9 years
32%
10-19 years
22%
20 years or more
12%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 75%
vision benefits Vision: 63% employee benefits None: 12%
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