I had worked with hundreds of Facility Managers, Property Managers, and Building managers, and when the question came up, how much can you make as a FM, PM or BM? To find out I did some research.
So how much does a Facility Manager make? Facility Managers depending on their experience level and demographic region will make an annual salary of $ 65,000.00 per year with benefits, an excellent range to consider would be$ 47,580.00 per year to $ 114,490.00 according to several industry studies and government reports.
See how you compare to your peers.
We are going to focus on the Facility Manager for this article. But we would include these other building professionals titles for comparison purposes. They all manage, maintain commercial or government facility or buildings. Here are related management titles for operating a commercial property;
- Director of Operations $ 80,000
- Director of Maintenance $ 70,00
- Facility Manager $ 65,000
- General Manager $ 60,000
- Community Managers $58,340
Each building professional title has different nuances to each role; also, the industries will play a part in the compensation.
Beginning – Middle -End
An entry-level Facility Manager could expect a starting salary of $ 45,000 per year in most parts of the United States.
A facility Manager with five years of experience could expect a salary of $ 65,000 per year in most parts of the United States.
An experienced Facility Manager with ten plus years of experience could expect a salary of $ 85,000 in most parts of the United States.
Interesting Fact!
How does this compare to your colleagues around the world?
According to glassdoor.com the average pay for a Facilities Manager working in London, UK will make (in euros) £38,952/yr which equates currently to 43,749.06 in the US.
The average listed annual pay of a Facility Manager in Moscow Russia is 2,700,00 Rubles which converts to USD 42,329
The average listed annual pay of a Facility Manager in Tokyo Japan is 9,143,713 Yen which converts to USD 84,000
The average listed annual pay of a Facility Manager in Italy 51,357 Euros which converts to USD 57,681
The average listed annual pay of a Facility Manager in Australia is 114,265 AUD which converts to USD 79,827
Advancement
If facility management is your path, there are (in some cases) opportunities to advance to higher positions.
Typical advanced posts in facility management:
Senior Facilities Manager
Director of Facility Management
Regional Facility Director
Again, this does typically depend on the size of the firm you are working for and the demographic region as well as the industry can play a part in these positions to be available.
What is the skill set of a building professional Facility Manager?
The skill sets for a successful Facility Manager requires both technical bits of knowledge of:
- Mechanical Systems
- Electrical Systems
- Plumbing and Heating/ Cooling
- Repairs and Replacement
- Management of personnel
- Customer Relations
How to get a raise
Most often increases or raises in Facility Management is related to time and on the job performance. Every industry and business will have some slight differences. One of the challenges to the increase is the fact that the right decisions and pitfalls avoided by a good FM most time will go unnoticed by management. They will correlate how the building is performing vs. actual person performance. In a post linked here “The best way to get a raise” is for the FM to log points or times of his or her excellent performance that led to savings due to improving the systems or practical decision-making skills. The article outlines best practices on how to effectively log and document those wins, and they should be communicated to the manager or boss, so they are aware of the gains or benefits from having your remarkable performance working for them.
Soft skills that can improve performance and pay.
Soft skills that aren’t evident skills that a good Facility Manager utilizes to run a building property or facility effectively. These could be:
- Good communication
- Organizational skills
- Emotional Intelligence or EQ
- Negotiation
How to level up your soft skills for self-improvement and salary increases.
There are many useful resources to help improve these skills. Most associations with the certification and training offered will most likely have some type of class or resources available.
Several online resources will allow you to take on-demand classes, will include the topics above plus a host of other courses to learn as well. Here are a few to consider.
- Udemy.com pay per course, most are relatively reasonable $ 10 to $20 for an excellent quality course.
- Skillshare.com Skillshare offers an annual subscription model that works very well if you plan on taking more than 5-10 courses. I have enjoyed the teachers, some are better than others, but with the annual fee, you can take as many classes as you like, weeded out what does not work for you.
Licenses, Certifications can also be a part in advancing your salary as well as moving up the ranks, they show a dedication to the profession as well as an increase in knowledge.
List of national associations:
- BOMA – Building Owners and Managers Association https://www.boma.org/
- CAI- Community Associations Institute https://www.caionline.org/
- IREM- Institute of Real Estate Management https://www.irem.org/
- NARPM – National Association of Residential Property Managers https://www.narpm.org/
Depending on which state you reside or work in, Property, Real Estate, and Community Association Managers, some states do require some certification/ license.
Here are a few, for a more detailed list check out this more in-depth article:
- Alaska
- Delaware
- Florida
- Georgia
- Hawaii
- Illinois
- Nevada
- Virginia
- District of Columbia
Job Security
Positions held by Facility Managers, Property Manager, and Building Managers are very stable. Since the job is integral to a building’s performance and the specialized knowledge of how the particular building or property you work in is valuable. Not to say that in some cases, changes can happen. They outsource the management to a third party, even when the third party has been known to hire the existing manager. Some cases, larger firms with multiple managers will double the assignment to a single manager, thus eliminating one manager’s position.
While your position is most likely very stable, we would recommend the following.
Keep up with certifications and learning, increasing your value is always a good thing and does help make you more indispensable.
Dig your well before you need it, we highly recommend networking, check out our article here…….. Having a network to reach out to in the event of an unforeseen change is very valuable.
Employers of Facility Managers, Property Managers, and Building Managers.
Depending on where you are, there is most likely representation by one or more of the large national companies specializing in real estate management.
Here is a partial list of some of the biggest and most well known in the industry:
CBRE – https://www.cbre.us/ LISTED 90,000 Employees
JLL – https://www.us.jll.com/ Listed 82,000 Employees
Cushman & Wakefield – https://www.cushmanwakefield.com/en Listed 51,000 Employees.
Aramark – https://www.aramark.com/ Listed 270,000 Employees
Colliers – https://www2.colliers.com/en Listed 17,000 Employees
Hines – https://www.hines.com/ Listed 4,320 Employees
Newmark – https://www.ngkf.com/ Listed 16,000 Employees
These firms may offer the best in the way of salary, training, advancement, and benefits.
With that said, numerous smaller more local firms do an outstanding job and not to mention the direct employers of companies with the need for Facility Management.
Thanks for reading, this is a summary of what we found through our online research utilizing various industry websites and governmental reports.
Facility VIP Inc. assumes no responsibility or liability for any errors or omissions in the content of this site. The information contained in this site is provided on an “as is” basis with no guarantees of completeness, accuracy, usefulness or timeliness…”