The asset management industry has many career opportunities. The following is a list of average salary information based on various sources. The figures are based on an Asset Manager working an 8-hour day, 250 days per year.
Asset managers are the people responsible for overseeing the investments of an organization. They spend their days analyzing and researching potential investments, then making recommendations to clients. The most important aspect of asset management is ensuring that assets are protected and growing, which means that these professionals are constantly seeking out new opportunities to grow their client’s portfolio.
The average salary for an asset manager is $90,000 per year. This can vary depending on location, experience level, and type of company.
Salary for asset manager
A person working as an Asset Management Associate in Nigeria typically earns around 289,000 NGN per month. Salaries range from 142,000 NGN (lowest) to 451,000 NGN (highest).
This is the average monthly salary including housing, transport, and other benefits. Asset Management Associate salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Asset Management Associate Salary Distribution in Nigeria
The median, the maximum, the minimum, and the range
- Salary RangeAsset Management Associate salaries in Nigeria range from 142,000 NGN per month (minimum salary) to 451,000 NGN per month (maximum salary).
- Median SalaryThe median salary is 295,000 NGN per month, which means that half (50%) of people working as Asset Management Associate(s) are earning less than 295,000 NGN while the other half are earning more than 295,000 NGN. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
- PercentilesClosely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Asset Management Associate(s) are earning less than 197,000 NGN while 75% of them are earning more than 197,000 NGN. Also from the diagram, 75% of Asset Management Associate(s) are earning less than 381,000 NGN while 25% are earning more than 381,000 NGN.
Asset Management Associate Salary Comparison by Years of Experience
How does experience and age affect your pay?
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Asset Management Associate salaries by experience level and this is what we found.
An Asset Management Associate with less than two years of experience makes approximately 168,000 NGN per month.
While someone with an experience level between two and five years is expected to earn 216,000 NGN per month, 29% more than someone with less than two year’s experience.
Moving forward, an experience level between five and ten years lands a salary of 298,000 NGN per month, 38% more than someone with two to five years of experience.
Additionally, Asset Management Associate(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 369,000 NGN per month, 24% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 396,000 NGN per month, 7% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 422,000 NGN per month, 7% more than people with fifteen to twenty years of experience.
Asset Management Associate average salary change by experience in Nigeria
0 – 2 Years | 168,000 NGN | |
2 – 5 Years | +29% | 216,000 NGN |
5 – 10 Years | +38% | 298,000 NGN |
10 – 15 Years | +24% | 369,000 NGN |
15 – 20 Years | +7% | 396,000 NGN |
20+ Years | +7% | 422,000 NGN |
Percentage increase and decrease are relative to the previous value
Asset Management Associate Salary Comparison By Education
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Asset Management Associate salaries by education level in order to make a comparison.
When the education level is High School, the average salary of an Asset Management Associate is 216,000 NGN per month.
While someone with a Certificate or Diploma gets a salary of 309,000 NGN per month, 43% more than someone having a High School degree.
A Bachelor’s Degree gets its holder an average salary of 427,000 NGN per month, 38% more than someone with a Certificate or Diploma.
Asset Management Associate average salary difference by education level in Nigeria
High School | 216,000 NGN | |
Certificate or Diploma | +43% | 309,000 NGN |
Bachelor’s Degree | +38% | 427,000 NGN |
Percentage increase and decrease are relative to the previous value