IREM Research Publications Reveal Consistent Trends: The Results Are in from the IREM 2010 Profile and Compensation Studies of Certified Property Manager Members and Accredited Residential Manager Members. Every Couple of Years or So the IREM Research Department Conducts Surveys of Its Members to Gather Useful Data on Compensation and Various Demographic Information. below Are Highlights from Each of the New Studies
CPM MEMBERS, CANDIDATES
As in past studies, the average age of CPM respondents is 50 years, with men comprising 49 percent of CPM Members but with women comprising 60 percent of current CPM Candidates. College education, those with at least an undergraduate degree, in addition to IREM course-work, is at about 66 percent for CPM Members and Candidates. CPM Members surveyed typically hold executive or property manager/supervisor roles and supervise a staff of 44 employees.
Compensation and Benefits
CPM Members in the study earn a median total compensation of $101,250, which includes a base salary for property management and additional real estate income from sales and leasing commissions. Numerous fringe benefits were reported and most frequently include paid vacation days, holidays, medical insurance, sick days, cell phones and professional association dues. CPM Members in the Pacific Coast, Northeast and Mid-Atlantic states earned the largest total compensation.
Remuneration typically increases with years of experience, level of education and age. CPM respondents who are owners, partners, presidents or CEOs report receiving greater compensation than other respondents. CPM Members who work for investment companies typically receive higher compensation than those who work for other types of employers. CPM Candidates who work for REITs were the best compensated.
The average ARM respondent is 44 years old, with women comprising 77 of the membership. …