Estate Manager Salary
Estate Managers in the United States tend to be well-versed in their field, and more than half have more than 10 years of experience. Average salary is expected to be around $73K annually, but may range from $39K to $121K per year. Geographic location is the biggest factor affecting pay for this group, followed by career duration. Most Estate Managers report high levels of job satisfaction. Women make up a slight majority of Estate Managers (54 percent) survey respondents. Some workers in this field — over a third — are not awarded benefits. Medical coverage is reported by more than half and dental plans are enjoyed by more than a third.
Job Description for Estate Manager
Estate managers are top-level executives who manage households and work with property owners to plan, manage, and oversee the service and estate. When an owner has multiple properties for an estate manager to oversee, the estate manager serves as the CEO of organization and helps execute the wishes and demands of each location. Estate managers strive to protect and secure their estate owners' private properties in the most financially responsible manner.Read More...
Estate managers are generally very well-rounded individuals with excellent communication and management skills; they are also quick problem-solvers who can work independently with little direction. Good organization skills are also important in this position, as they often negotiate with contractors on various projects and set up financial budgets for the estate for the calendar year. Other duties include bookkeeping, training and hiring/firing of employees.
Most estate managers have a bachelor's degree and many years of experience in related positions at smaller properties; some have master's degrees in hotel/restaurant management, real estate/property management, and related fields. A majority of estate managers are also well-versed in fine dining, culture, entertainment, arts, and etiquette.
Estate managers typically work in affluent households and most live directly on the premises in order to tend to the estate's problems and activities as they arise; many who live at their clients' estates also have self-contained cottages for their exclusive use. Estate managers generally work with estate owners, cleaners, gardeners, butlers, chefs, chauffeurs, and nannies. Working hours can be quite demanding for this position and may vary by property.
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Pay by Experience Level for Estate Manager
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Estate Managers with a lot of experience do not necessarily enjoy more money. Relatively untried employees who have fewer than five years of experience earn around $60K on average. People who have worked for five to 10 years can expect a higher median salary of $68K. Estate Managers bring in $81K after working for 10 to 20 years. Veterans who have surpassed the 20-year mark may make only slightly more than those who are navigating the mid-career stage; the more senior group reports median earnings of around $89K.