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The differences between actuarial managers and banking center 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 a banking center manager. Additionally, a banking center manager has an average salary of $128,585, which is higher than the $75,827 average annual salary of an actuarial manager.
The top three skills for an actuarial manager include medicaid, financial analysis and financial results. The most important skills for a banking center manager are business development, bank products, and bank policies.
| Actuarial Manager | Banking Center Manager | |
| Yearly salary | $75,827 | $128,585 |
| Hourly rate | $36.46 | $61.82 |
| Growth rate | 17% | 17% |
| Number of jobs | 59,285 | 87,078 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 70% |
| 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.
A banking center manager is responsible for monitoring bank operations, auditing financial transactions, and ensuring that the banking staff provides the highest customer service for their clients. Banking center managers assist the team members in responding to the customers' inquiries and concerns regarding the financial options they offer, opening accounts, selling financial instruments, and resolving transactional complaints. A banking center manager must have excellent communication and analytical skills, especially in developing banking solutions that would increase the bank's reliability to the customers.
Actuarial managers and banking center managers have different pay scales, as shown below.
| Actuarial Manager | Banking Center Manager | |
| Average salary | $75,827 | $128,585 |
| Salary range | Between $39,000 And $144,000 | Between $95,000 And $173,000 |
| Highest paying City | Bridgeport, CT | - |
| Highest paying state | Connecticut | - |
| Best paying company | Prudential Financial | - |
| Best paying industry | Insurance | - |
There are a few differences between an actuarial manager and a banking center manager in terms of educational background:
| Actuarial Manager | Banking Center Manager | |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 70% |
| Most common major | Mathematics | Business |
| Most common college | University of Notre Dame | University of Pennsylvania |
Here are the differences between actuarial managers' and banking center managers' demographics:
| Actuarial Manager | Banking Center Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 65.2% Female, 34.8% | Male, 47.0% Female, 53.0% |
| 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, 7.7% Unknown, 4.1% Hispanic or Latino, 14.7% Asian, 9.3% White, 63.9% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |