If acquisitions is the tip of the spear, then asset management is the stick. Asset managers are responsible for ensuring that, after the acquisition, the asset actually performs as it should.
An asset manager is not involved in day-to-day details of running the property, but rather takes a broader view to ensure that the property’s overall goals and objectives are met. The day-to-day activities are left to property managers.
The junior asset manager’s main jobs include:
Typically, asset managers are assigned to a group of properties within a geographic region. As a junior asset manager, you will likely be assisting an asset manager with his/her portfolio before becoming responsible for your own portfolio.
Asset managers tend to have a better "work-life balance" than their counterparts in acquisitions due to the non-transactional nature of the job. Asset managers are typically paid less than their counterparts in acquisitions.
Interview with an Asset Manager
This interview is coming soon!
Analyst (0-3 years)
Associate (3-5 years)
Vice President (5-8)
Managing Director (9+)
Real estate compensation is highly dependent on location, type of real estate company, and company size.
Analyst: $60k base + 10% bonus
Associate: $90k base + 20% bonus
Vice President: $140k base + 30% bonus
Director: $175k base + 40% bonus
Managing Director: $225k base + 50% bonus