Senior Asset Manager Salary
Average Senior Asset Managers in the United States make around $88K annually. Geographic location is the biggest factor affecting pay for this group, followed by tenure. The majority of Senior Asset Managers (62 percent) who took the survey are female. Nearly all report receiving medical coverage from their employers and most collect dental insurance. Most workers in this position report high levels of job satisfaction. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
|Salary||$61,835 - $146,198|
|Bonus||$1,468 - $24,776|
|Total Pay (||$67,470 - $153,108|
Job Description for Senior Asset Manager
A senior asset manager manages and maintains everything of value for an entity or group; this includes physical assets such as buildings and intangible assets such as intellectual property. Physical assets may be owned, leased, or subleased by the company.Read More...
Asset managers are responsible for determining the feasibility of asset acquisition and presenting supporting documentation to upper management or board members. Industries which employe these managers include financial, IT, real estate, infrastructure, transportation, and health management.
Duties of asset managers include balancing of costs, risks, and opportunities against the desired performance of assets and implementing, negotiating, and monitoring asset management programs. They also prepare reports and performance analyses for loan deficiencies and revenue losses.
Asset managers must be able to communicate well with clients, co-workers, and upper management. Proficient mathematical and verbal skills, as well as organizational and speaking skills, are also necessary. Proficiency with computers and software systems is generally required.
Asset managers commonly have a financial background and must have the ability to be self-regulated and work independently. Applicants should have a minimum of a high school diploma or equivalent, while most have a bachelor's degree in accounting, business, or finance. Advanced graduate degrees are preferred, but not required.
The general working environment of an asset manager is within the offices of his/her company, and co-workers include middle and upper-management, board members, secretaries, managing directors, and property managers. These managers can expect to work traditional weekly business hours. (Copyright 2017 PayScale.com)
Senior Asset Manager Tasks
- Recommend strategies for maximizing the value and returns for assets held by a company.
- Organize paperwork and processes required to buy, sell, or modify assets.
- Supervise the development of strategies to increase asset returns
- Write reports on property asset statistics for senior management.
Senior Asset Manager Job Listings
Pay by Experience Level for Senior Asset Manager
Pay by Experience for a Senior Asset Manager has a positive trend. An entry-level Senior Asset Manager with less than 5 years of experience can expect to earn an average total compensation of $84,000 based on 17 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Senior Asset Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $93,000 based on 38 salaries. An experienced Senior Asset Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $95,000 based on 47 salaries. A Senior Asset Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $118,000 based on 18 salaries.
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Key Stats for Senior Asset Manager
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