Asset Manager Salary

A large fraction of take-home pay for Asset Managers comes from commissions — about two-fifths on average, in fact. The median overall income in this field is approximately $73K. Total cash compensation to Asset Managers ranges from $41K on the lower end to $125K on the higher end; the final number includes potential for approximately $26K each from bonuses and profit sharing in exceptional cases. Residence is the biggest factor affecting pay for this group, followed by career length. Most Asset Managers report high levels of job satisfaction. Medical benefits are awarded to most, and a strong majority earn dental coverage. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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$43,439 - $115,311
(Median)
$43K
$72K
$120K
MEDIAN: $71,935
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
$43,439 - $115,311  
   
Bonus
$0.00 - $25,704  
Profit Sharing
$0.00 - $25,976  
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).
)
$41,361 - $124,908  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 848
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 - $25,704  
   
Commission
$14,740 - $35,168  
Profit Sharing
$0.00 - $25,976  
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).
)
$41,361 - $124,908  
Country: United States | Currency: USD | Updated: 20 Jun 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 results imply that Asset Managers deploy a deep pool of skills on the job. 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, 17 percent, and 16 percent, respectively. Skills that pay less than market rate include Inventory Management, Property Management, and Windows Operating System General Use. For most people, competency in Microsoft Excel indicates knowledge of 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 with a rich background of experience are typically rewarded with larger paychecks. 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 $80K. Asset Managers who work for 10 to 20 years in their occupation tend to earn about $90K. Professionals who boast more than 20 years of experience reap the fruits of their labor to the six-figure tune of $103K — the plum median salary in this group.

Pay Difference by Location


San Francisco is home to an above-average pay rate for Asset Managers, 49 percent higher than the national average. Asset Managers can also look forward to large paychecks in cities like Seattle (+36 percent), Houston (+31 percent), New York (+28 percent), and Washington (+27 percent). Portland ranks last in the field for pay, reporting salaries 15 percent below the national average. Workers in San Diego and Oklahoma City earn salaries that trail the national average for those in this profession (14 percent less and 7 percent less, respectively).

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Experience Affects Asset Manager Salaries




National Average
$73,000


Skills That Affect Asset Manager Salaries






Project Management
up arrow 4%

National Average
$73,000

Accounting
up arrow 1%


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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