Typical Salary for Asset Managers (FL)
I'm looking at asset manager jobs for commercial properties on indeed and the majority don't list salary ranges. I've done some research and I've seen ranges from $60K to $100K+. Just curious if there are any asset managers out there willing to share their salary or a range. Also, how do they base your bonus pay in this field? I plan to start networking soon to get a better feel of the position and specifics.

Here is a job listing example: https://www.indeed.com/m/viewjob?jk=733c48886f637ea1&amp;from=myjobs&amp;tk=1dl3soi1e0m2l000

I'm a commercial appraiser and have been certified for about 5 years and have been in the business about 8 years. I'm looking in the Tampa area. Any help would be great, thanks!
[{"id": "f0udcg8", "text": "For FL - $60-$100k sounds about right. But with all questions like this the answer is really \"it depends.\" How many years of exp is the job looking for or do you have? What type of shop is looking for an asset manager (REPE, Family Office, Developer etc.)? All of these factors play a role. But for a first job in AM I would assume $65k base plus 10-20% bonus potential for Florida.", "replies": [{"id": "f0uiaz2", "text": "Thanks for your comment. I plan to start networking with a few firms just to get a feel for the market and than I can think about what I would like to do.", "replies": [], "depth": 2}], "depth": 1}, {"id": "f0uhfg0", "text": "Do you need a real estate broker's license to manage properties in Florida?", "replies": [{"id": "f0uhygw", "text": "A quick search came up no based on this exception \"...if a property owner employs someone to manage their property, and that employee is paid a salary, as opposed to being paid a commission or on a transactional basis, a broker's license is not required.\"", "replies": [{"id": "f0vepw8", "text": "You need a license", "replies": [{"id": "f0vu0bc", "text": "In FL, you do not need a license if you are a salary-only employee working solely on projects owned by your employer/developer. That said, getting the license is a joke in this state, so just do it.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "f0uu162", "text": "Certified general looking to move into asset management, don\u2019t see that very often. Any reason for the switch? If you don\u2019t mind me asking", "replies": [{"id": "f0vksfn", "text": "Ha, I know. Everyone always gives me a weird look when they hear it. My ideal job would be a mix of an analyst and asset management. I would like be part of a team that are making buy/sell/hold decisions and more in the field interactions with people/businesses.", "replies": [{"id": "f0w2eeb", "text": "Made the switch out of appraisal several years back. You are going to enjoy it. Appraisal is a thankless job. The best possible outcome is no comments from the client and maybe a \"good job\". Working on deals and portfolio strategy is a lot more interesting. Your valuation background will be an asset and everyone is going to come to you with value questions. Good luck!", "replies": [{"id": "f0w4hox", "text": "Yes sir! Someone that understands where I'm coming from. Are you near Central Florida or along the West coast of Florida. I would love to take you out to lunch and talk about your transition into asset management and to also pick your brain on any recommendations you think I should do to look like an even better asset. Thanks for your comment!!", "replies": [{"id": "hksiidh", "text": "Hey! I\u2019m a student majoring in real estate. Did you end up leaving the appraising industry? If so, why?", "replies": [{"id": "hkxsecu", "text": "I actually didn't end up leaving. I started putting a ton of applications in the beginning of 2020 and then Covid started, so I just kept appraising. I'm glad I did because I ended getting a job offer to appraise only multifamily properties and honestly, it was the best move. Before I was a generalist and did all types of properties. It was a great way to learn and be exposed to all property types, but long term, I knew I wouldn't be happy jumping from one property type to another.\n\nThe nice thing about appraising, you'll have no issues finding work. Of course, it takes time to get licensed, but very worth it.\n\nCheck out your local Appraisal Institute chapter, they're a great help.", "replies": [{"id": "hkxtxfb", "text": "Do you mind if pm you? Would like to know more. I\u2019m in my mid 20\u2019s and having a hard time deciding what route to take. Would like to have more input on appraising.", "replies": [{"id": "hl0z56b", "text": "Sure, feel free to PM any questions you may have", "replies": [], "depth": 8}], "depth": 7}], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "f0vt2nr", "text": "How would $60-100k compare to your current pay? I was under the impression CG's typically made $120k+ doing commercial property appraisals.", "replies": [{"id": "f0vvx3h", "text": "It depends on production, if you are procuring your own work and if you have a trainee or researcher helping you put the assignments together. Last year was my best year with high production and I made about $100K. This year I'm on track to hit about $75K. I have a higher split but the production had dropped due to bids being more competitive and spreading the work with other appraisers/trainees the partner has hired. \n\nI haven't hit $120K+ but I can see how some appraisers can make that much. We have an appraiser on staff that procures the majority of his work and probably makes about $200K++.", "replies": [], "depth": 2}], "depth": 1}]