Estate Manager Salary
With just over a half of Estate Managers in the United States reporting more than 10 years of experience, the field is heavily weighted toward experienced professionals. Average pay for Estate Managers is $72K annually and can range from $38K on the lower end to $118K per year near the higher end. Geographic location is the biggest factor affecting pay for this group, followed by years of experience. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 56 percent. Most Estate Managers like their work and job satisfaction is high. Although about two in five lack health benefits of any kind, the larger part do enjoy medical insurance, and over a third get dental coverage, too.
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.
For Estate Managers, experience does not seem to be a major factor in determining pay. Respondents with less than five years' experience take home $59K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $73K. For Estate Managers, 10 to 20 years of experience on the job amounts to an average salary of $81K. People who have worked for more than 20 years report a median income of $88K, which is barely higher than the median for folks with 10 to 20 years of experience.
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