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The differences between actuarial managers and assistant account 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 actuarial manager and an assistant account manager. Additionally, an actuarial manager has an average salary of $75,827, which is higher than the $45,905 average annual salary of an assistant account manager.
The top three skills for an actuarial manager include medicaid, financial analysis and financial results. The most important skills for an assistant account manager are HR, emergency situations, and account management.
| Actuarial Manager | Assistant Account Manager | |
| Yearly salary | $75,827 | $45,905 |
| Hourly rate | $36.46 | $22.07 |
| Growth rate | 17% | 17% |
| Number of jobs | 59,285 | 115,363 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 62% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
Actuarial managers supervise all the actuary employees and the actuary department. They meet the clients and get to know the type of data and statistics they need. Besides reviewing the actuaries' performance and predictions and analysis accuracy, actuarial managers also prepare reports featuring all the information and ensure each data's accuracy before submission. Other duties performed by actuarial managers include meeting with company heads from time to time and updating them on matters relating to the actuarial figures.
An assistant account manager is in charge of performing clerical support tasks for account managers. Their responsibilities revolve around preparing and processing documents, answering calls and correspondence, taking part in managing schedules and budgets, arranging meetings and appointments, and performing research and analysis to identify new business opportunities. They may also pursue sales leads, reaching out to clients to offer products or services. Furthermore, as an assistant account manager, it is essential to lead and encourage the workforce to reach goals, all while implementing the company's policies and regulations.
Actuarial managers and assistant account managers have different pay scales, as shown below.
| Actuarial Manager | Assistant Account Manager | |
| Average salary | $75,827 | $45,905 |
| Salary range | Between $39,000 And $144,000 | Between $31,000 And $66,000 |
| Highest paying City | Bridgeport, CT | Toms River, NJ |
| Highest paying state | Connecticut | New Jersey |
| Best paying company | Prudential Financial | Elanco |
| Best paying industry | Insurance | Professional |
There are a few differences between an actuarial manager and an assistant account manager in terms of educational background:
| Actuarial Manager | Assistant Account Manager | |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 62% |
| Most common major | Mathematics | Business |
| Most common college | University of Notre Dame | University of Pennsylvania |
Here are the differences between actuarial managers' and assistant account managers' demographics:
| Actuarial Manager | Assistant Account Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 65.2% Female, 34.8% | Male, 40.4% Female, 59.6% |
| Race ratio | Black or African American, 5.7% Unknown, 4.0% Hispanic or Latino, 10.2% Asian, 7.9% White, 71.9% American Indian and Alaska Native, 0.3% | Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.2% White, 63.3% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |