Estate Manager Jobs: A Guide to Responsibilities, Qualifications, and Career Outlook

Are you considering a career as an estate manager? If so, you are in good company. The Bureau of Labor Statistics projects that employment of estate managers will grow by 10% from 2021 to 2031, faster than the average for all occupations.

Who is an Estate Manager?

An estate manager is a professional who oversees the day-to-day operation of a private estate. Duties may include managing the estate's finances, maintaining the property, and coordinating staff. Estate managers may also be responsible for the care of the estate's owner, if they are elderly or disabled.

Estate Manager Responsibilities

The responsibilities of an estate manager can vary depending on the size and complexity of the estate. However, some common duties include:

• Managing the estate's finances, including budgeting, accounting, and tax preparation
• Maintaining the estate's property, including repairs, renovations, and landscaping
• Coordinating staff, such as housekeepers, gardeners, and security guards
• Providing personal care to the estate's owner, if they are elderly or disabled
• Representing the estate's owner in legal and business matters

Estate Manager Qualifications

To become an estate manager, you typically need a bachelor's degree in business administration, finance, or a related field. You may also need experience in property management, finance, or accounting. Some employers may also require a real estate license.

Estate Manager Career Outlook

As mentioned earlier, the job outlook for estate managers is positive. The Bureau of Labor Statistics projects that employment of estate managers will grow by 10% from 2021 to 2031, faster than the average for all occupations. This growth is expected to be driven by the increasing number of wealthy individuals and the aging population.

Estate Manager Salary

The salary of an estate manager can vary depending on their experience, the size and complexity of the estate, and the location of the job. However, according to the Bureau of Labor Statistics, the median annual salary for estate managers was \$92,840 in May 2021. The top 10% of earners made more than \$165,960, while the bottom 10% earned less than \$46,780.

How to Become an Estate Manager

If you are interested in becoming an estate manager, there are several steps you can take to prepare for a career in this field. First, you should earn a bachelor's degree in business administration, finance, or a related field. You may also want to consider getting a real estate license. Once you have the necessary education and training, you can start applying for entry-level positions in the estate management field. With experience, you can eventually work your way up to a management position.

Conclusion

A career as an estate manager can be both rewarding and challenging. If you are interested in working with high-net-worth individuals and managing complex properties, then this could be the ideal career for you.

Additional Information

• The National Association of Estate Managers and Specialists (NAEMS) is a professional organization that provides education, training, and networking opportunities for estate managers.
• The American Society of Farm Managers and Rural Appraisers (ASFMRA) is another professional organization that provides education and training for estate managers.
• The National Business Institute (NBI) offers a variety of estate management courses and webinars.
• The University of California, Davis offers a master's degree in estate management.
• Texas A&M University offers a bachelor's degree in agricultural leadership and development with a concentration in estate management.