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An asset manager is responsible for managing, monitoring and keeping track of the many and varied assets owned by a company. In the construction industry these assets will range from office equipment and vehicles to machinery, tools and materials.


Average salaries are in the region of £38,000.00 to £58,000.00. Salaries will vary depending on location / employer

Career Profile

An Asset Manager is responsible for managing, monitoring and keeping track of the many and varied assets owned by a company. In the construction industry, these assets will range from office equipment and vehicles to machinery, tools and materials.

What they do

Asset Managers are needed as construction companies invest a great deal of money in equipment – both owned and leased. This includes:

  • cranes
  • loaders
  • excavators  
  • other site vehicles
  • specialised machinery and tools 

They will also have investment in construction materials, fuel supplies, IT systems and others. These all have to be itemised, tracked, managed and maintained, and this is the responsibility of the asset manager.

This role carries a lot of responsibility. Not only does the Asset Manager keep check of the company’s assets to make sure everything is where it should be, but also ensures that plant is being utilised in the most profitable way possible. This is to maximise the return on investment (ROI). 

This job can involve everything from site visits and liaison with maintenance teams to working with advanced internet-based tracking technologies and sophisticated asset management systems.

As an Asset Manager, you would be:

  • Monitoring materials, tools, equipment and supplies
  • Making sure that records are up to date and accurate
  • Working with computer-based systems to maintain and analyse spreadsheets
  • Ensuring that assets are used as effectively as possible to maximise profitability
  • Liaising with suppliers
  • Preparing inventory of all assets
  • Implementing maintenance programmes that ensure that equipment and plant keeps running
  • Getting the best price for surplus assets
  • Newly trained asset managers can earn in the region of £17,000-£21,000
  • Trained with experience asset managers can earn in the region of £35,000-£58,000
  • Senior, chartered or master asset managers can earn in the region of £60,000-£90,000

Salaries typically depend on location, employer and level of responsibility. Salaries and career options improve with chartered status. 

Hours & Salary

The typical working week for this type of role is standard office working hours, Monday-Friday. But there may be times where you'll need to work late, particularly in more senior roles.  


Explore all the different construction industry jobs available with our Roles In Construction Animation.

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Qualifications & Training

What qualifications or subjects do I need for this role?

While some asset managers achieve this position through industry experience, a career in asset management today will generally require a degree or equivalent in a subject such as Building and Construction, or associated, relevant subjects such as Business Studies, Finance, Statistics or Accounting.

Many also go on to undertake further study as part of a Masters degree, or by acquiring additional skills though training initiatives such as the Endorsed Training Scheme (ETS) supported by the Institute of Asset Management (IAM).

Want to find out more?

Try our Matching Service for work experience opportunities in your local area, with new opportunities being added on a regular basis. 

Looking for a vacancy?

Here are some construction vacancy websites you may find useful: 

Indeed

Reed

The number of job vacancies related to your preferred job role may vary daily, as these are external websites. Check regularly to see new opportunities as they are posted.

Career trends and forecasts

16,690 additional staff needed

According to the latest Construction Skills Network research, the UK construction industry will need an additional 16,690 non-construction professional, technical , IT and other office based staff (which includes asset managers), every year between 2017 -2021. 

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Find out more about other roles in the construction industry and what they involve.

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