Accountant and office manager vs asset manager

The differences between accountant and office managers and asset managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both an accountant and office manager and an asset manager. Additionally, an asset manager has an average salary of $85,814, which is higher than the $51,217 average annual salary of an accountant and office manager.

The top three skills for an accountant and office manager include payroll tax returns, customer service and reconciliations. The most important skills for an asset manager are asset management, financial statements, and property management.

Accountant and office manager vs asset manager overview

	Accountant And Office Manager	Asset Manager
Yearly salary	$51,217	$85,814
Hourly rate	$24.62	$41.26
Growth rate	17%	17%
Number of jobs	107,701	64,732
Job satisfaction	3	-
Most common degree	Bachelor's Degree, 57%	Bachelor's Degree, 68%
Average age	46	46
Years of experience	8	8

What does an accountant and office manager do?

An accountant/office manager is responsible for monitoring the organization's accounting records and financial reports, analyzing statistical information, and managing payroll processes. Accountant/office managers must have excellent knowledge of accounting disciplines and principles to perform accounting duties and train accounting staff of the accounting operations, overseeing account receivables, conducting bank reconciliations, and responding to the staff's inquiries and concerns. An accountant/office manager must have excellent communication and leadership skills, helping the management develop practical accounting and financial approach, maintaining the stability of the organization's cash management.

What does an asset manager do?

An asset manager is responsible for advising clients with their investment preferences and financial goals based on their assets' quantity and value. Asset managers regularly meet with their clients regarding their asset management's progress, recommending more investment options and considering the clients' needs. They manage financial portfolios and prepare stock market reports and forecasts as needed. An asset manager must have a broad knowledge of the financial industry and investment processes, identifying profit opportunities for long-term investment objectives.

Accountant and office manager vs asset manager salary

Accountant and office managers and asset managers have different pay scales, as shown below.

	Accountant And Office Manager	Asset Manager
Average salary	$51,217	$85,814
Salary range	Between $35,000 And $73,000	Between $59,000 And $123,000
Highest paying City	New York, NY	New York, NY
Highest paying state	New York	New York
Best paying company	Turner Construction	Deutsche Bank
Best paying industry	Real Estate	Finance

Differences between accountant and office manager and asset manager education

There are a few differences between an accountant and office manager and an asset manager in terms of educational background:

	Accountant And Office Manager	Asset Manager
Most common degree	Bachelor's Degree, 57%	Bachelor's Degree, 68%
Most common major	Accounting	Business
Most common college	University of Pennsylvania	Stanford University

Accountant and office manager vs asset manager demographics

Here are the differences between accountant and office managers' and asset managers' demographics:

	Accountant And Office Manager	Asset Manager
Average age	46	46
Gender ratio	Male, 17.4% Female, 82.6%	Male, 64.3% Female, 35.7%
Race ratio	Black or African American, 7.9% Unknown, 4.1% Hispanic or Latino, 15.3% Asian, 8.1% White, 64.2% American Indian and Alaska Native, 0.3%	Black or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.0% Asian, 8.9% White, 63.8% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between accountant and office manager and asset manager duties and responsibilities

Accountant and office manager example responsibilities.

Manage disaster recovery operations for windows servers.
Manage procedural implementation for transition of office to HIPPA regulatory compliance and Medicare PQRI guidelines.
Create audit reports on HRIS.
Maintain HRIS system and employee records.
Update owner personal information and setup ACH.
Process all LOA and FMLA paperwork on employees.

Asset manager example responsibilities.

Manage and improve the processes require to support server end of life and normal windows patching processes.
Manage a pipeline of assets/projects through the project life cycle of short sale/deed in lieu of foreclosure through closing.
Manage and facilitate IRB investigations of report non-compliance and/or scientific misconduct.
Recognize for financial acumen, successfully managing invoicing, vendor accounts, reconciliations, and target reports.
Manage commercial and multifamily REO portfolio preparing property operating plans to enhance value and marketability of REO asset
Trade structured product securities for accounts manage by other portfolio managers base on economic conditions and the needs of specific portfolios.

Accountant and office manager vs asset manager skills

Common accountant and office manager skills

Payroll Tax Returns, 19%
Customer Service, 8%
Reconciliations, 7%
General Ledger Accounts, 6%
Journal Entries, 4%
Purchase Orders, 4%

Common asset manager skills

Asset Management, 20%
Financial Statements, 7%
Property Management, 7%
Customer Service, 6%
Oversight, 5%
Loan Portfolio, 5%

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Accountant And Office Manager
Accountant And Office Manager vs Asset Manager

Updated January 8, 2025

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