The average salary for an Asset Manager is $72,403.
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What Do Asset Managers Do?
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.
Asset managers also review budgets related to owned property. They may also facilitate repairs and retirement of property. This may involve taking b…Read more
Asset Manager Tasks
- Supervise the development of strategies to increase asset returns.
- Produce reports and statements detailing the status of current and delinquent loans and determine loan workout plans.
- Monitor the status of collateral and payments for current loans.
- Manage a loan portfolio and assist with processing and monitoring complex loans.
- Collect and attempt to recover maximum value from delinquent loans.
Job Satisfaction for Asset Manager
Popular Employer Salaries for Asset Manager
The top respondents for the job title Asset Manager are from the companies CubeSmart, The Boeing Company and Comerica Bank. Reported salaries are highest at Comerica Bank where the average pay is $101,211. Other companies that offer high salaries for this role include CubeSmart and Cardinal Capital Management, earning around $76,000 and $66,000, respectively. Conifer Realty, LLC pays the lowest at around $43,000. The PNC Financial Services Group, Inc. and The Boeing Company also pay on the lower end of the scale, paying $58,000 and $60,565, respectively.
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Real Estate Asset Manager
Somewhat common (8 - 20%)
Asset Manager Job Listings
What Are Popular Skills for Asset Managers?
Skills in Financial Analysis, Project Management and Real Estate are correlated to pay that is above average. Skills that pay less than market rate include Data Analysis and Microsoft Excel.
What is the Pay by Experience Level for Asset Managers?
An entry-level Asset Manager with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $52,257 based on 46 salaries. An early career Asset Manager with 1-4 years of experience earns an average total compensation of $64,510 based on 487 salaries. A mid-career Asset Manager with 5-9 years of experience earns an average total compensation of $77,784 based on 336 salaries. An experienced Asset Manager with 10-19 years of experience earns an average total compensation of $82,632 based on 335 salaries. In their late career (20 years and higher), employees earn an average total compensation of $96,883.
Pay Difference by Location
Employees with Asset Manager in their job title in Boston, Massachusetts earn an average of 18.1% more than the national average. These job titles also find higher than average salaries in New York, New York (16.9% more) and Houston, Texas (7.5% more). The lowest salaries can be found in Atlanta, Georgia (7.0% less) and Austin, Texas (1.6% less).
Years of Experience
This data is based on 1,321 survey responses.