The salary of a community association manager varies depending on factors such as location, experience, and designation. For instance, in Phoenix, the average annual salary for a community association manager is $50,825.
An entry-level community association manager with less than 1 year of experience can earn an average salary of $43,824.
On the other hand, a community association manager with a PCAM designation can earn an average salary of $115,500.
There are various methods to increase your pay as a Community Association Manager. One option is to explore opportunities with different employers who are willing to offer a higher salary for your expertise. Another avenue is to enhance your education by pursuing advanced degrees, which can potentially lead to higher income prospects and eligibility for promotions.
Being a real estate agent allows for the independence of being self-employed. However, if you prefer a more conventional job, you may want to consider the advantages of becoming a Community Association Manager (CAM). Adding a CAM license to your real estate background is a straightforward process.
There are three career benefits of obtaining a CAM license:
In conclusion, obtaining a CAM license can offer a variety of advantages, including expanded career opportunities, higher earning potential, and job security in a thriving industry.
The average pay range for a Community Association Manager can vary significantly, with a potential difference of up to $17,200. This indicates that there are numerous possibilities for career progression and increased earnings based on factors such as expertise, location, and years of experience.
The salary of a community association manager is projected to increase by approximately 7 percent over the next eight years. This growth rate is higher than the average for many other prominent professions. Pursuing further education and obtaining certifications in community association management can empower individuals to expand their knowledge and potentially negotiate a higher salary.
The average salary for an early career community manager is $49,673.
For mid-level community managers, the average salary is $51,428.
Manager level community managers earn an average salary of $60,413.
Late career community managers can expect an average salary of $72,000.
Salary ranges can be significantly different based on various factors that are crucial, such as education, certifications, additional skills, and years of experience in the field. Salary.com offers comprehensive real-time compensation data, making it easier for individuals to accurately determine their specific pay target.
Managers and CEOs of management companies holding the Professional Community Association Manager (PCAM) or Large-Scale Manager (LSM) designation may potentially earn a higher salary ranging from 10% to 20% in comparison to their counterparts.
According to data from Comparably, Community Association Managers in San Francisco, CA earn the highest average total compensation at $82,515, which is 50% higher than the national average. By joining Comparably, individuals can compare compensation and culture data anonymously and for free.
The salary range for Community Association Managers in the US varies widely, ranging from $10,618 to $283,332, with a median salary of $50,995 as of August 2023, as reported by Comparably.
The salary of a community association manager is projected to increase by 7 percent over the next eight years, which is a higher growth rate compared to many other high-profile occupations.
To improve your prospects for earning a higher salary, it is recommended to pursue continuing education and obtain certifications in community association management. These additional qualifications can enhance your knowledge and skills, making you more valuable in the job market and potentially enabling you to negotiate a better salary.
According to the data obtained from Glassdoor, we have compiled a list of the top 10 companies in the United States that offer the highest pay for Community Association Managers. These companies include [List of companies].