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The differences between actuarial managers and assistant branch 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 branch manager. Additionally, an actuarial manager has an average salary of $75,827, which is higher than the $49,913 average annual salary of an assistant branch manager.
The top three skills for an actuarial manager include medicaid, financial analysis and financial results. The most important skills for an assistant branch manager are quality customer service, branch management, and excellent organizational.
| Actuarial Manager | Assistant Branch Manager | |
| Yearly salary | $75,827 | $49,913 |
| Hourly rate | $36.46 | $24.00 |
| Growth rate | 17% | 17% |
| Number of jobs | 59,285 | 37,800 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 66% |
| 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 branch manager's primary responsibility is to oversee the daily operations in their designated area, ensuring that everything is running smoothly from the workflow to the workforce. Although the tasks will vary depending on the organization or industry where one is involved, most of it will revolve around evaluating and monitoring employees' progress. Additional duties include responding to calls and inquiries, managing work schedules, and making sure that customers are satisfied with all services and transactions. Moreover, an assistant branch manager must also prioritize meeting the sales targets and staying within the allotted budget and deadlines.
Actuarial managers and assistant branch managers have different pay scales, as shown below.
| Actuarial Manager | Assistant Branch Manager | |
| Average salary | $75,827 | $49,913 |
| Salary range | Between $39,000 And $144,000 | Between $35,000 And $70,000 |
| Highest paying City | Bridgeport, CT | San Francisco, CA |
| Highest paying state | Connecticut | New Jersey |
| Best paying company | Prudential Financial | Centennial Bank |
| Best paying industry | Insurance | Transportation |
There are a few differences between an actuarial manager and an assistant branch manager in terms of educational background:
| Actuarial Manager | Assistant Branch Manager | |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 66% |
| Most common major | Mathematics | Business |
| Most common college | University of Notre Dame | Stanford University |
Here are the differences between actuarial managers' and assistant branch managers' demographics:
| Actuarial Manager | Assistant Branch Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 65.2% Female, 34.8% | Male, 45.3% Female, 54.7% |
| 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, 7.8% Unknown, 4.1% Hispanic or Latino, 15.1% Asian, 8.4% White, 64.3% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |