Asset Manager Demographics and Statistics [2024]: Number Of Asset Managers In The US (2024)

Table of Contents
Asset Manager gender statistics Asset Manager gender ratio Asset Manager gender pay gap Asset Manager gender ratio over time Asset Manager gender ratio by year Asset Manager related jobs gender ratio Asset Manager demographics by race Asset Manager Race Asset Manager race and ethnicity over time Asset Manager race and ethnicity by year Asset Manager wage gap by race Average asset manager age Asset Manager age by race and gender Asset Manager age breakdown Asset Manager age breakdown Asset Manager educational attainment Asset Managers by degree level Asset Manager Jobs You Might Like Asset Manager wage gap by degree level Asset Manager employment statistics Company size where asset managers work Asset Manager jobs by employer size Asset Manager jobs by company type Asset Manager jobs by sector Asset Manager jobs by industry Asset Manager industry statistics Asset Manager turnover and employment statistics Asset Manager unemployment rate over time Asset Manager unemployment rate by year Average asset manager tenure Asset Manager tenure statistics Asset Manager LGBT ratio compared to similar jobs Similar asset manager jobs LGBT demographics Foreign languages spoken by asset managers Asset Manager languages spoken Asset Manager Jobs Asset Manager location demographics Asset Manager jobs by state Asset Manager Demographics FAQs How many Asset Manager are there in the US? What percentage of Asset Managers are black? What race are most Asset Managers? Are Asset Manager jobs male - dominated? How old is the average Asset Manager? Search for asset manager jobs Related Jobs Demographics Asset Manager Related Hirings Asset Manager Related Jobs What Similar Roles Do FAQs

Asset manager demographics research summary. Zippia estimates asset manager demographics and statistics in the United States by using a database of 30 million profiles. Our asset manager estimates are verified against BLS, Census, and current job openings data for accuracy. Zippia's data science team found the following key facts about asset managers after extensive research and analysis:

  • There are over 11,020 asset managers currently employed in the United States.
  • 35.7% of all asset managers are women, while 64.3% are men.
  • The average asset manager age is 45 years old.
  • The most common ethnicity of asset managers is White (63.8%), followed by Hispanic or Latino (15.0%), Asian (8.9%) and Black or African American (7.8%).
  • Asset managers are most in-demand in New York, NY.
  • New York, NY pays an annual average wage of $111,341, the highest in the US.
  • In 2022, women asset managers earned 92% of what men earned.
  • New York is the best state for asset managers to live.
  • Asset managers are 51% more likely to work at private companies in comparison to public companies.

On This Page

Asset Manager demographics by:

  • Gender
  • Race
  • Age
  • Education
  • Statistics

Asset Manager gender statistics

35.7% of asset managers are women and 64.3% of asset managers are men.

  • Male, 64.3%
  • Female, 35.7%

Asset Manager gender ratio

GenderPercentages
Male64.3%
Female35.7%

Asset Manager gender pay gap

Women earn 92¢ for every $1 earned by men

Asset Manager Demographics and Statistics [2024]: Number Of Asset Managers In The US (1)Asset Manager Demographics and Statistics [2024]: Number Of Asset Managers In The US (2)

Male Income

$89,181

Asset Manager Demographics and Statistics [2024]: Number Of Asset Managers In The US (3)Asset Manager Demographics and Statistics [2024]: Number Of Asset Managers In The US (4)

Female Income

$81,702

Asset Manager gender ratio over time

This data breaks down the percentage of men and women in asset manager positions over time. Currently, 35.7% of asset managers are female.

Male

Female

100

%

80

%

60

%

40

%

20

%

%

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

Asset Manager gender ratio by year

YearMaleFemale
201066.41%33.59%
201166.40%33.60%
201267.63%32.37%
201365.84%34.16%
201466.48%33.52%
201566.72%33.28%
201666.53%33.47%
201767.88%32.12%
201865.48%34.52%
201964.02%35.98%
202064.58%35.42%
202164.26%35.74%

Asset Manager related jobs gender ratio

We compared asset managers with similar job titles to see how gender ratios vary. As you can see, general road foreman and plant superintendent have the biggest gender ratio gaps.

Job TitleMaleFemale
Executive Assistant/Human Resources7%93%
Office Manager Of Human Resources10%90%
Business Office Manager15%85%
Asset Manager64%36%
Maintenance Director97%3%
Plant Superintendent97%3%
General Road Foreman97%3%

Male

Female

100%

75%

50%

25%

0%

General Road Foreman

Plant Superintendent

Maintenance Director

Business Office Manager

Office Manager Of Human Resources

Executive Assistant/Human Resources

0%

25%

50%

75%

100%

Asset Manager demographics by race

The most common ethnicity among asset managers is White, which makes up 63.8% of all asset managers. Comparatively, 15.0% of asset managers are Hispanic or Latino and 8.9% of asset managers are Asian.

  • White, 63.8%
  • Hispanic or Latino, 15.0%
  • Asian, 8.9%
  • Black or African American, 7.8%
  • Unknown, 4.1%
  • American Indian and Alaska Native, 0.4%

Asset Manager Race

Asset Manager RacePercentages
White63.8%
Hispanic or Latino15.0%
Asian8.9%
Black or African American7.8%
Unknown4.1%
American Indian and Alaska Native0.4%

Asset Manager race and ethnicity over time

See how asset manager racial and ethnic diversity trended since 2010 according to the United States Census Bureau data.

  • White
  • Asian
  • Hispanic or Latino
  • Black or African American

Asset Manager race and ethnicity by year

YearWhiteBlack or African AmericanAsianHispanic or Latino
201070.41%8.28%6.78%12.88%
201170.02%8.40%6.97%12.73%
201269.35%8.52%7.30%12.94%
201368.14%8.57%8.02%13.26%
201468.25%8.19%7.75%14.09%
201568.10%8.26%7.83%13.88%
201668.04%8.00%8.17%13.81%
201767.31%8.02%8.30%14.19%
201867.56%7.60%8.43%14.41%
201967.75%7.44%8.45%14.42%
202065.67%7.30%8.60%14.58%
202163.83%7.80%8.88%15.03%

Asset Manager wage gap by race

According to our data, asian asset managers have the highest average salary compared to other ethnicities. Black or african american asset managers have the lowest average salary at $84,467.

$95,000

$93,000

$91,000

$89,000

$87,000

$85,000

$83,000

Unknown

White

Black or African American

Asian

Hispanic or Latino

EthnicitySalary
Unknown$89,996
White$89,951
Black or African American$84,467
Asian$94,128
Hispanic or Latino$87,647

How Much Do Asset Manager Make?

Average asset manager age

See how the average age of asset managers varies based on ethnicity and gender.

Male

Female

Asset Manager age by race and gender

RaceMale AgeFemale Age
Black or African American4547
Unknown4145.5
Asian4244
Hispanic or Latino4042
White4549
American Indian and Alaska Native44.5

Asset Manager age breakdown

The average age of asset managers is 40+ years years old, representing 68% of the asset manager population.

40+ years

30-40 years

20-30 years


Asset Manager age breakdown

Asset Manager YearsPercentages
40+ years68%
30-40 years26%
20-30 years6%

Asset Manager educational attainment

The most common degree for asset managers is bachelor's degree, with 68% of asset managers earning that degree. The second and third most common degree levels are associate degree degree at 12% and associate degree degree at 12%.

  • Bachelor's, 68%
  • Associate, 12%
  • Master's, 12%
  • High School Diploma, 4%
  • Other Degrees, 4%

Asset Managers by degree level

Asset Manager DegreePercentages
Bachelor's68%
Associate12%
Master's12%
High School Diploma4%
Other Degrees4%

Asset Manager Jobs You Might Like

Asset Manager wage gap by degree level

According to the data, asset managers with a Doctorate degree earn more than those without, at $112,735 annually. With a Master's degree, asset managers earn a median annual income of $107,447 compared to $94,247 for asset managers with an Bachelor's degree.

$117,000

$109,000

$101,000

$93,000

$85,000

$77,000

$69,000

Master's Degree

High School Diploma or Less

Bachelor's Degree

Doctorate Degree

Some College/ Associate Degree

EducationSalary
Master's Degree$107,447
High School Diploma or Less$76,558
Bachelor's Degree$94,247
Doctorate Degree$112,735
Some College/ Associate Degree$76,549

Learn More About Asset Manager Required Education

Asset Manager employment statistics

Most asset managers work for a private in the finance industry.

Company size where asset managers work

Below, you can see the size of companies where asset managers work.

< 50 employees

50 - 100 employees

100 - 500 employees

500 - 1,000 employees

1,000 - 10,000 employees

> 10,000

Asset Manager jobs by employer size

Company SizePercentages
< 50 employees5%
50 - 100 employees14%
100 - 500 employees21%
500 - 1,000 employees6%
1,000 - 10,000 employees21%
> 10,000 employees34%

Asset Manager jobs by company type

Employees with the asset manager job title have their preferences when it comes to working for a company. For instance, most asset managers prefer to work at private companies over public companies.

Education

Public

Private

Government

Asset Manager jobs by sector

Company TypePercentages
Education1%
Public42%
Private51%
Government5%

Asset Manager jobs by industry

The most common industries for asset managers are finance, real estate and technology.

Finance

Fortune 500

Real Estate

Technology

Professional

Show More

Asset Manager industry statistics

IndustryPercentages
Finance23%
Fortune 50019%
Real Estate10%
Technology8%
Professional6%
Energy6%
Manufacturing5%
Government4%
Health Care3%
Retail3%
Media2%
Telecommunication2%
Transportation1%
Automotive1%
Utilities1%
Construction1%
Hospitality1%
Start-up1%
Non Profits1%
Insurance1%
Education1%

Asset Manager turnover and employment statistics

Asset Manager unemployment rate over time

The unemployment rate for asset managers between 2008 and the most recent data has varied, according to the Bureau of Labor Statistics.

  • Unemployment rate

Asset Manager unemployment rate by year

YearAsset Manager Unemployment Rate
20105.13%
20114.53%
20124.16%
20133.12%
20142.76%
20152.14%
20161.85%
20171.83%
20181.89%
20191.68%
20202.20%
20212.52%

Average asset manager tenure

The average asset manager stays at their job for 1-2 years, based on the 9,435 asset managers resumes in Zippia's database.

Less than one year

1-2 years

3-4 years

5-7 years

8-10 years

11+ years

Asset Manager tenure statistics

Number of yearsPercentages
Less than 1 year13%
1-2 years37%
3-4 years19%
5-7 years16%
8-10 years6%
11+ years9%

Asset Manager LGBT ratio compared to similar jobs

Review the percent of asset managers that are members of the LGBT community. You can see how this compares to similar jobs in the chart below.

Job TitleLGBTJob Openings
Facilities Manager4.78%13,167
Trucking Contractor5.19%11,459
Asset Manager10.51%-
Account Delivery Manager11.01%97,808
Materials Planning Manager11.39%32,967
Professional Development Director17.60%103,723
Job Analysis Manager17.78%47,811

Similar asset manager jobs LGBT demographics

ProfessionPercentages of LGBT Job Openings
Facilities Manager4.78%13,167
Trucking Contractor5.19%11,459
Account Delivery Manager11.01%97,808
Materials Planning Manager11.39%32,967
Professional Development Director17.60%103,723
Job Analysis Manager17.78%47,811

Foreign languages spoken by asset managers

The most common foreign language among asset managers is Spanish at 54.0%. The second-most popular foreign language spoken is French at 11.3% and German is the third-most popular at 5.7%.

  • Spanish, 54.0%
  • French, 11.3%
  • German, 5.7%
  • Portuguese, 4.2%
  • Italian, 3.4%
  • Other, 21.4%

Asset Manager languages spoken

Foreign LanguagePercentages
Spanish54.0%
French11.3%
German5.7%
Portuguese4.2%
Italian3.4%
Other21.4%

Asset Manager Jobs

Asset Manager location demographics

The amount you can make as an asset manager can depend on where you live. For example, the highest salary of asset managers is $140,357. Use our chart to find out where that salary is located.

Where do asset managers earn the most?

Asset managers earn the most in New York, where the average asset manager salary is $111,309. The map here shows where asset managers earn the highest salaries in the U.S. The darker areas across the 50 states highlight the highest salaries.

Average Salary

Asset Manager Demographics and Statistics [2024]: Number Of Asset Managers In The US (5)

Which city has the most Asset Managers?

By looking through more than 9,435 resumes, we found that the most popular places for asset managers are New York, NY and Dallas, TX.

Number of Asset Managers

Asset Manager Demographics and Statistics [2024]: Number Of Asset Managers In The US (6)

Asset Manager jobs by state

RankStateNumber of JobsAverage Salary
1California4,078$95,737
2Texas2,209$83,973
3New York2,106$111,309
4Illinois1,527$86,597
5Florida1,426$69,267
6Pennsylvania1,183$94,970
7Georgia1,055$72,206
8Washington981$90,976
9Massachusetts980$97,963
10Virginia954$93,942
11North Carolina934$78,588
12Ohio927$82,932
13New Jersey899$94,635
14Maryland698$92,502
15Arizona655$82,912
16Michigan639$80,674
17Colorado597$71,946
18Missouri589$78,545
19Minnesota556$84,333
20Indiana516$79,877
21Tennessee439$77,277
22Oregon404$96,515
23Connecticut372$96,117
24Wisconsin371$78,570
25District of Columbia325$93,034
26South Carolina319$69,513
27Utah305$72,624
28Alabama266$67,226
29Iowa247$68,588
30Kentucky240$83,129
31Arkansas225$73,924
32Louisiana202$88,878
33Nevada201$79,436
34Kansas197$83,886
35Oklahoma168$67,165
36Nebraska134$65,916
37Delaware123$84,651
38New Hampshire108$84,136
39Rhode Island103$95,560
40New Mexico97$72,249
41Hawaii92$69,848
42Mississippi90$68,084
43West Virginia84$86,995
44Montana82$84,359
45Idaho81$75,297
46Maine76$87,653
47Alaska65$91,602
48Vermont44$83,229
49South Dakota39$74,952
50North Dakota36$82,048
51Wyoming19$74,041

Where are asset managers in high demand?

Asset managers are in high demand in New York, NY. There are currently 30 job openings for asset managers here. We looked over job openings to determine where in the country asset managers are in the most demand.

Jobs Openings

Asset Manager Demographics and Statistics [2024]: Number Of Asset Managers In The US (7)

Asset Manager Demographics FAQs

Have more questions?

See all answers to common executive management questions.

Search for asset manager jobs

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Asset Manager Related Hirings

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Asset Manager Related Jobs

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What Similar Roles Do

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  • What a Credit Manager Does
  • What a Finance And Insurance Manager Does
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  • What an Investments Manager Does
  • What a Management Accounts Manager Does
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  • What a Portfolio Manager Does
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  • Executive Management Industry
  • Asset Manager
  • Asset Manager Demographics

Updated April 5, 2024

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Asset Manager Demographics and Statistics [2024]: Number Of Asset Managers In The US (2024)

FAQs

How many asset managers are there in the US? ›

There are over 11,020 asset managers currently employed in the United States. 35.7% of all asset managers are women, while 64.3% are men. The average asset manager age is 45 years old.

Who is the largest asset manager in the US? ›

BlackRock

What is the size of the asset management market in the US? ›

Asset Management market size was valued at USD 313548.66 million in 2021 and is expected to expand at a CAGR of 28.35% during the forecast period, reaching USD 1401808.54 million by 2027.

Who are the top 5 asset managers in the world? ›

The top 5 of asset managers included in this ranking are BlackRock, 9,464 US$b, (They hit 10tn AUM as per December 2021), Vanguard, with 8,400 US$b, UBS Group, one of two European Asset Managers who made the Top 10 with 4,432 US$b, Fidelity with 4,230 US$b, and State Street Global Advisors with 3,860 US$b.

Who are the largest asset managers? ›

Largest companies
RankFirm/companyCountry
1BlackRockUnited States
2Vanguard GroupUnited States
3UBSSwitzerland
4Fidelity InvestmentsUnited States
16 more rows

Who is the most powerful asset manager? ›

Vanguard Group surpassed BlackRock as the largest worldwide institutional money manager. BlackRock remains the world's largest asset manager overall.

What is the highest salary in asset management? ›

Asset Manager salary in India ranges between ₹ 2.3 Lakhs to ₹ 16.0 Lakhs with an average annual salary of ₹ 6.6 Lakhs. Salary estimates are based on 1.2k latest salaries received from Asset Managers.

What percent do asset managers make? ›

As an asset manager, you make money by charging a management fee for your services. The fee structure can vary from firm to firm, but an annual fee of one to two percent of the total value of assets managed is common. In other words, the bigger the client, the higher your fee.

Do asset managers make a lot of money? ›

At the Portfolio Manager level, earning potential is around $1.0 – $1.5 million per year.

How big is JP Morgan Asset Management? ›

J.P. Morgan's asset and wealth management business ended 2023 with $3.4 trillion in assets under management, up 24%, or $656 billion, on the back of market-related gains and net inflows, primarily to liquidity products.

How big is Goldman Sachs Asset Management? ›

Goldman Sachs
RevenueUS$46.25 billion (2023)
Operating incomeUS$10.74 billion (2023)
Net incomeUS$8.52 billion (2023)
AUMUS$2.81 trillion (2023)
Total assetsUS$1.64 trillion (2023)
19 more rows

What is the size of the asset management market? ›

Global Asset Management Market Insights

Global Asset Management Market size was valued at USD 277.42 billion in 2019 and is poised to grow from USD 373.69 billion in 2023 to USD 5455.24 billion by 2031, growing at a CAGR of 34.7% in the forecast period (2024-2031).

Who is the No 1 asset management? ›

Top 10 Global Asset Managers

The ranking of the top 10 global managers was almost unchanged from last year. BlackRock retained the top spot with €7.1trn of AUM, with Vanguard, Fidelity, SSGA, Capital Group and JPMAM also keeping their positions.

Who is the father of asset management? ›

Harry Markowitz
School or traditionChicago School of Economics
Doctoral advisorMilton Friedman Jacob Marschak
InfluencesTjalling Koopmans Leonard Savage
ContributionsModern portfolio theory Efficient frontier Sparse matrix methods SIMSCRIPT
10 more rows

Do asset managers make millions? ›

Some of these people might make over $1 million per year by investing their their own funds, plus perhaps some outside income, in addition to fee revenue minus expenses from their fund; but the large majority make less than $1 million.

How many investment fund managers are there in the US? ›

There are currently an estimated 992,100 investment fund managers in the United States.

How large is the asset management industry? ›

The global asset management market size was valued at USD 373.69 billion in 2022 and is expected to exhibit a compound annual growth rate (CAGR) of 34.7% from 2023 to 2030.

How many people work in the asset management industry? ›

Within the investment management industry in the UK, an approximate 46,200 people are directly employed by investment management firms. Despite the overall fall in assets under management in 2022, direct employment increased 3% year-on year.

How many asset managers beat the market? ›

Less than 10% of active large-cap fund managers have outperformed the S&P 500 over the last 15 years. The biggest drag on investment returns is unavoidable, but you can minimize it if you're smart. Here's what to look for when choosing a simple investment that can beat the Wall Street pros.

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