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Asset Manager Salary

Total annual pay for Asset Managers is approximately $74K, and commissions account for a significant portion of this final number — nearly two-fifths on average. Total cash compensation to Asset Managers ranges from $41K on the lower end to $127K on the higher end; the final number includes potential for approximately $25K each from bonuses and profit sharing in exceptional cases. Residence is the biggest factor affecting pay for this group, followed by career duration. The majority of Asset Managers (60 percent) who took the survey are men. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to a majority. Work is enjoyable for Asset Managers, who typically claim high levels of job satisfaction. The numbers in this rundown were provided by PayScale's salary survey participants.
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$43,105 - $116,300
(Median)
$43K
$72K
$120K
MEDIAN: $72,451
10%
50%
90%

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$12.93 - $42.50
(Median)
$13
$20
$42
MEDIAN: $20
10%
50%
90%

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Show Annual Salary Show Hourly Rate
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
$43,105 - $116,300  
   
Bonus
$0.00 - $25,420  
Profit Sharing
$0.00 - $25,111  
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).
)
$40,984 - $126,752  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 658
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
$12.93 - $42.50  
   
Overtime
$16.06 - $55.23  
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 - $25,420  
   
Commission
$14,740 - $35,168  
Profit Sharing
$0.00 - $25,111  
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).
)
$40,984 - $126,752  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 64
United States (change)

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.

Asset Manager Job Listings

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Popular Skills for Asset Manager


Survey results imply that Asset Managers deploy a substantial tool kit of skills at work. Most notably, facility with Contract Negotiation, Operations Management, and Project Management are correlated to pay that is significantly above average, leading to increases of 30 percent, 21 percent, and 16 percent, respectively. Skills that seem to negatively impact pay include Inventory Management, Property Management, and Financial Reporting. Most people who know Microsoft Excel also know 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.


Asset Managers who reported more years of relevant experience also reported higher earnings. The average beginner in this position makes around $60K, but folks who have been around for five to 10 years see a markedly higher median salary of $82K. Asset Managers see a median salary of $95K after reaching one to two decades on the job. More than 20 years of experience mean a somewhat bigger median paycheck of $106K, but it's not much more than what less experienced people make.

Pay Difference by Location


Boston offers some of the highest pay in the country for Asset Managers, 55 percent above the national average. Asset Managers can also look forward to large paychecks in cities like San Francisco (+50 percent), Chicago (+29 percent), Seattle (+28 percent), and Washington (+28 percent). The smallest paychecks in the market, 11 percent south of the national average, can be found in Atlanta. Portland and Oklahoma City are a couple other places where companies are known to pay below the median — salaries are 9 percent lower and 6 percent lower, respectively.

Related Job Salaries

Experience Affects Asset Manager Salaries




National Average
$74,000


Skills That Affect Asset Manager Salaries



Project Management
up arrow 16%



Negotiation
up arrow 9%

National Average
$74,000

Accounting
up arrow 4%


Budget Management
up arrow 6%




Financial Reporting
up arrow 14%

Property Management
up arrow 15%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 156 votes.

Gender

Female
40 %
Male
60 %

Years of Experience

Less than 1 year
2%
1-4 years
30%
5-9 years
33%
10-19 years
22%
20 years or more
12%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 75%
vision benefits Vision: 62% employee benefits None: 12%