Very Positive Outlook for the Career Path of Credentialed Community Association Managers
Community association management remains a strong career path, both in the U.S. and abroad. The job market here at home has dramatically changed over the last decade, with many once-secure positions having shifted out of the country. For the foreseeable future, community association management’s person-to-person focus will protect it from automation, robots, or companies moving overseas, making it a great career choice.
The Community Associations Institute (CAI) estimates that as of 2016, there are approximately 342,000 to 344,000 community associations in the United States housing over 68 million residents. This is a significant increase, up from 222,500 community associations and 42.5 million residents in 2000. As the number of people living in community associations increases, so does the number of jobs for community association managers.
Job prospects in the field of community association management are excellent. According to CAI’s Community Association Manager Compensation and Salary Survey, it’s estimated that 24% – 26% of all ownership housing is in one of the three basic types of community associations. Many new job opportunities will open for those interested in the field, while others will arise from the need to replace community association managers who transfer, retire, or leave the field. As of May 2016, the median annual wage for community association managers was just over $57,000. Employment in the industry is projected to grow eight percent from 2014 to 2024.
As job prospects and wages vary from state to state, it’s a good idea to check out your area’s particulars.
CMCA – The Essential Credential
The Certified Manager of Community Associations (CMCA) credential is key to building a successful career in community association management. It signifies to employers that you are competent in specific management practices and are committed to professional excellence, ethical business standards, and continuing education. Employers are always on the lookout for dedicated professionals, and the CMCA certification after your name can often make the difference between whether or not you land the all-important first interview.
The CMCA credential is highly accessible:
- It can be achieved with a minimal investment of time and money on your part.
- It takes just a few days of prerequisite course work, one day for an exam, and some time for study in between.
- It’s relatively low cost is a great investment in your future.
Obtaining the CMCA credential is a great first step in building your professional expertise and image. It opens the door to earning additional credentials and higher earnings – on average 18% more than non-credentialed community association managers.
Is a Certified Manager of Community Associations Career Right for You?
This may be an excellent career choice for you if you have a strong interest in working for community associations, providing the management activities they need to keep residents satisfied. As a certified manager, you should have a thorough knowledge of the policies of the community association you hope to work for.
Attention to detail, flexibility, good organization skills and, as previously mentioned, that all-important patience, are essential characteristics that good community association managers possess. There’s more! Community association managers must also have excellent interpersonal skills, be able to effectively communicate with a diverse range of people, and be able to deal with a variety of unrelated tasks at once.
All Work and No Fun?
Not at all! The best parts of life as a community association manager are also built into the job itself. Not only do you earn a decent living, but you are constantly learning new things, and meeting interesting people from all walks of life. The odds of becoming bored on the job are slim – there are just too many different and interesting things to do.
That said, community association management is not for everyone. If you prefer a more laid-back work life with fixed hours and minimal or no job-related stress, you might want to pursue another career. But if you’re a real people person who gets excited about staying up to date on frequent community management regulatory changes, possess a positive and enthusiastic attitude towards life, and can keep your wits about you when others around you are stressed, you can’t ask for a more engaging and stimulating career!
Becoming a certified manager of community associations is not merely a certification – it can be the journey of a lifetime. It elevates your credibility as a community association manager and makes employers more confident in hiring you. Finally, it offers you a wealth of opportunity, stability, and growth in an exciting career that shows no sign of slowing down.