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Real Estate Development Manager Salary (United States)

Commissions form a big slice (approximately one-third) of total compensation for Real Estate Development Managers. The median income in this area hovers around $88K. Total cash earnings of Real Estate Development Managers range from $54K on the low end to $144K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $25K and $15K, respectively. Experience level is the biggest factor affecting pay for this group, followed by geography. A solid majority report receiving medical coverage from their employers and a majority collect dental insurance. Most Real Estate Development Managers are men (77 percent). The majority of Real Estate Development Managers claim high levels of job satisfaction. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
Real Estate Development Manager Salary (?
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.
)
$52,406 - $125,782
(Median)
52K
81K
100K
130K
MEDIAN: $80,688
10%
50%
75%
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
$52,406 - $125,782  
   
Bonus
$996 - $25,492  
Profit Sharing
$1,939 - $15,456  
Commission
$15,500 - $42,500  
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).
)
$53,847 - $144,370  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 284
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Job Description for Real Estate Development Manager

The real estate development manager oversees the day-to-day operations for a real estate development. Additionally, they are responsible for the continued growth and development of the company. Most of the time, a manager provides excellent customer service to develop relationships with current and potential clients; this includes answering queries, responding to complaints, and ensuring clients are satisfied. At times, the real estate development manager must forecast new trends in the ever-changing real estate market. They also need basic accounting skills to handle the budgeting aspect of this role; they must successfully develop and manage department and/or project budgets.
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Real Estate Development Manager Tasks
  • Review sites to assess costs and needed steps for zoning, local ordinances, and acceptability.
  • Write recommendations for how to proceed with various properties, neighborhoods and strategies.
  • Analyze existing economic, demographic, market, and environmental variables to identify areas for expansion.

Real Estate Development Manager Job Listings

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Real Estate Development Managers note just a narrow range of job skills. Financial Analysis and Project Management are considered valuable skills and can increase employee pay. Financial Analysis and Project Management are correlating skills — those who know the former usually know the latter.

Pay by Experience Level for Real Estate Development Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.
In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher incomes. The median compensation for relatively untried workers is $72K; in the five-to-10 year group, it's higher at around $86K. Experienced professionals who have spent one to two decades on the job can score lucrative paychecks that average out to $100K. Average wages for folks with more than 20 years of experience come out to around $121K. One to nine years of experience is standard for most employees in this area; more than half of respondents fit between this range. Experienced employees who have 10-20 years of experience make up just under one in three of the workforce; inexperienced individuals who have been working for less than one year comprise less than two percent, and senior people with more than 20 years under their belt fill out the remaining close to one-eighth.

Pay Difference By Location

New York
up arrow 32%
Seattle
up arrow 24%
Washington
up arrow 22%
Los Angeles
up arrow 14%
Boston
up arrow 11%
Dallas
up arrow 9%
Philadelphia
up arrow 3%
Denver
up arrow 2%
Atlanta
up arrow 1%
National Average
$88,000
Larger circles over a city indicate a job is popular in that location.
New York offers some of the highest pay in the country for Real Estate Development Managers, 32 percent above the national average. Seattle, Washington, Los Angeles, and Boston also offer top salaries for Real Estate Development Managers. Workers in these cities can expect to earn about 24 percent, 22 percent, 14 percent, and 11 percent more, respectively.

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Experience Affects Real Estate Development Manager Salaries

Late-Career
up arrow 37%
Experienced
up arrow 14%
National Average
$88,000
Mid-Career
up arrow 3%
Entry-Level
up arrow 18%

Skills That Affect Real Estate Development Manager Salaries

Project Management
up arrow 1%
Financial Analysis
up arrow 1%
National Average
$88,000

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 61 votes.

Gender

Female
23%
female alumni
 
Male
77%
male alumni

Years of Experience

Less than 1 year
1%
1-4 years
23%
5-9 years
34%
10-19 years
29%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 65%
vision benefits Vision: 48% employee benefits None: 12%