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The differences between accounting managers and tax 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 accounting manager and a tax manager. Additionally, a tax manager has an average salary of $96,100, which is higher than the $84,451 average annual salary of an accounting manager.
The top three skills for an accounting manager include reconciliations, CPA and GAAP. The most important skills for a tax manager are CPA, client relationships, and tax planning.
| Accounting Manager | Tax Manager | |
| Yearly salary | $84,451 | $96,100 |
| Hourly rate | $40.60 | $46.20 |
| Growth rate | 17% | 17% |
| Number of jobs | 92,089 | 79,204 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 68% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
An accounting manager is responsible for supervising and monitoring the overall accounting department operations. Duties of an accounting manager include reviewing account information and account statements, processing invoices, analyzing financial data, performing account reconciliations, assisting with tax processing and audit reports, and generating financial reports for presentation with the board. An accounting manager must have excellent knowledge of the accounting principles and legislation to assist the team with the company's financial goals. Accounting managers must have the outstanding analytical, critical thinking, and decision-making skills to develop the best competitive financial strategies.
A Tax Manager is responsible for managing tax reporting and compliance within an organization. They provide innovative tax planning and prepare state and federal tax returns for companies.
Accounting managers and tax managers have different pay scales, as shown below.
| Accounting Manager | Tax Manager | |
| Average salary | $84,451 | $96,100 |
| Salary range | Between $60,000 And $117,000 | Between $70,000 And $131,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Vermont | New York |
| Best paying company | Morgan Lewis | Meta |
| Best paying industry | Finance | Finance |
There are a few differences between an accounting manager and a tax manager in terms of educational background:
| Accounting Manager | Tax Manager | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 68% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Southern California |
Here are the differences between accounting managers' and tax managers' demographics:
| Accounting Manager | Tax Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 40.4% Female, 59.6% | Male, 58.5% Female, 41.5% |
| Race ratio | Black or African American, 7.7% Unknown, 4.1% Hispanic or Latino, 14.8% Asian, 10.0% White, 63.2% American Indian and Alaska Native, 0.3% | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% White, 63.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |