What does an Asset Manager do?

Asset managers are responsible for the management of client assets. This role requires managers to regularly study and respond to market changes and to regularly communicate with clients about potential changes that may impact investment portfolios or other forms of assets. Asset managers must travel regularly to meet with stakeholders and must generate reports in a timely manner for each client. Asset managers can advance to analyst and senior analyst positions after successful years of service and additional educational attainment.

Asset managers require a Bachelor's degree in finance, business, or related fields. A Master's degree in business administration (MBA) may be preferred in some cases. Additionally, asset managers may need to possess a Certified Public Accountant title, which will require additional training and testing. This role requires individuals who are highly self-motivated, utilize effective communication skills, and can quickly solve problems.

What responsibilities are common for Asset Manager jobs?
  • Manage multiple client accounts and maintain effective communication with stakeholders
  • Regularly research market trends and changes that may impact managed assets
  • Identify important data insights and generate reports using business intelligence software
  • Create impact analysis reports and deliver reports to key stakeholders and clients
  • Communicate any needed account changes with clients in a timely manner
  • Analyze portfolio changes and identify any irregularities that may negatively impact client asset accounts
  • Make needed changes to client portfolio as needed
  • Organize and lead meetings with key stakeholders to review accounts
What are the typical qualifications for Asset Manager jobs?
  • Master's degree in business administration (MBA) may be preferred
  • 0-5 years of experience for entry level positions
  • 5 or more years of experience may be preferred for specialized industries
  • Capable of handling multiple client accounts simultaneously while working in a high-pressure environment
  • Working knowledge of business and data intelligence software, such as Microsoft Power BI or Tableau
  • Experience with and skill at using spreadsheet software, including Excel
  • Comfort using Microsoft Office Suite, including Outlook and PowerPoint
  • Highly trustworthy and dependable, particularly when handling sensitive materials
  • Exceptional communication and writing skills, and capable of liasing with multiple levels within an organization
Education--
Work/Life Balance
3.8 ★
Total Pay--
Career Opportunity
3.7 ★
Avg. Experience2-4 years

How much does an Asset Manager make?

Confident
$100,191 /yr
Total Pay
$75,121
 /yr

Base Pay

+
$25,070
 /yr

Additional Pay

$100,191

 / yr
$61K$168K
Most Likely Range
Possible Range
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Asset Manager Career Path

Learn how to become an Asset Manager, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.

Asset Manager

Years of Experience Distribution

0 - 1
14%
2 - 4
47%
5 - 7
20%
8+
19%
Not including years spent in education and/or training

Asset Manager Insights

Read what Asset Manager professionals have to say about their job experiences and view top companies for this career.
Pyramid ConsultingPyramid Consulting
IT Asset Manager and SysOps Engineer
Mar 30, 2021

“Shanu Rana my CCA was very helpful and easily approachable for any problems or questions I have.”

Harbor Freight ToolsHarbor Freight Tools
Asset Recovery
Aug 17, 2020

“Good job to have in till you find a company that pays a competitive wage.”

Golden EnterprisesGolden Enterprises
Asset Manager
Aug 1, 2021

“Pays good and bonuses are great”

MARTAMARTA
IT Asset Management Analyst
Jul 20, 2021

“People are nice and good to work with”

IDFC First BankIDFC First Bank
RETAIL ASSETS
Jul 23, 2022

“This bank is really giving many benefits for customer and I can see it will really grow well in upcoming days”

Together as OneTogether as One
Asset Manager
Oct 14, 2022

“In my role though it has been challenging it has enable me to grow career wise and am Soo greatful”

Horizon IndustriesHorizon Industries
IT Asset Management
Sep 24, 2021

“The people I worked with made the job very fun and enjoyable.”

Aqua ConsultantsAqua Consultants
Senior Asset Management Consultant
Jun 28, 2021

“There is a focus on personal development in both training on the job and external courses etc.”

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Asset Manager Interviews

Frequently asked questions about the roles and responsibilities of an Asset Manager

The most similar professions to Asset Manager are:
  • Portfolio Manager
  • Investment Banking Analyst
  • Equity Analyst
  • Investment Analyst

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Asset Manager Jobs