How much does an Asset Management Manager make in Chicago, IL? The average Asset Management Manager salary in Chicago, IL is $132,447 as of February 26, 2024, but the range typically falls between $106,404 and $165,524. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

Asset Management Manager Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Asset Management Manager Salary $82,694 Chicago,IL February 26, 2024
25th Percentile Asset Management Manager Salary $106,404 Chicago,IL February 26, 2024
50th Percentile Asset Management Manager Salary $132,447 Chicago,IL February 26, 2024
75th Percentile Asset Management Manager Salary $165,524 Chicago,IL February 26, 2024
90th Percentile Asset Management Manager Salary $195,639 Chicago,IL February 26, 2024
25% $106,404 10% $82,694 90% $195,639 75% $165,524 $132,447 50%(Median) Didn’t find job title? Click
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What skills does an Asset Management Manager need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.

2.

Supply Chain Management: In commerce, supply-chain management (SCM), the management of the flow of goods and services, involves the movement and storage of raw materials, of work-in-process inventory, and of finished goods from point of origin to point of consumption. Interconnected or interlinked networks, channels and node businesses combine in the provision of products and services required by end customers in a supply chain. Supply-chain management has been defined as the "design, planning, execution, control, and monitoring of supply-chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand and measuring performance globally." SCM practice draws heavily from the areas of industrial engineering, systems engineering, operations management, logistics, procurement, information technology, and marketing and strives for an integrated approach.[citation needed] Marketing channels play an important role in supply-chain management. Current research in supply-chain management is concerned with topics related to sustainability and risk management, among others. Some suggest that the “people dimension” of SCM, ethical issues, internal integration, transparency/visibility, and human capital/talent management are topics that have, so far, been underrepresented on the research agenda.

3.

Preventative Maintenance: Developing and implementing maintenance strategies to increase equipment life expectancy and avoid unplanned downtime.

Customer Service 4.29%
Supply Chain Management 1.43%
Preventative Maintenance 1.43%
Others 92.85%

Job Description for Asset Management Manager

Asset Management Manager manages and implements an organization's policies and processes to control and maintain physical assets, including property, plant, vehicles, and equipment. Designs and implements systems that facilitate asset management. Being an Asset Management Manager develops methodologies for tracking asset lifecycle, inventory, locations, costs, and return on investment. Oversees the planning process for asset acquisition, replacement, and disposal. Additionally, Asset Management Manager leads cross-functional coordination activities to develop and maintain an accurate and complete asset information database used for reporting across the organization. Typically requires a bachelor's degree or equivalent. Typically reports to a director. The Asset Management Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be an Asset Management Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Asset Management Manager in Chicago, IL

Career Path for Asset Management Manager

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Asset Management Manager, the first career path typically progresses to Top Asset Management Executive.

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Asset Management Manager salary varies from city to city. Compared with national average salary of Asset Management Manager, the highest Asset Management Manager salary is in San Francisco, CA, where the Asset Management Manager salary is 25.0% above. The lowest Asset Management Manager salary is in Miami, FL, where the Asset Management Manager salary is 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total compensation opportunity for an Asset Management Manager, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
106404
165524
132447

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
108954
188705
134588
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Asset Management Manager in Chicago, IL. The base salary for Asset Management Manager ranges from $106,404 to $165,524 with the average base salary of $132,447. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $108,954 to $188,705 with the average total cash compensation of $134,588.
Step 2 of 3

Discover how your pay is adjusted for skills, experience, and other factors

How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

106404
165524

 

Step 3 of 3

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About Chicago, Illinois    Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third mos....More

Chicago, Illinois  area prices were up 0.8% from a year ago    View the Cost of Living in Chicago, Illinois

Asset Management Manager Salary in popular cities: AuroraRockfordJoliet

Skills associated with Asset Management Manager: Inventory Control Software, Business Process Management, Asset Management Software, Cross-Functional Integration ...More

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