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The differences between actuarial managers and 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 a branch manager. Additionally, an actuarial manager has an average salary of $75,827, which is higher than the $56,291 average annual salary of a branch manager.
The top three skills for an actuarial manager include medicaid, financial analysis and financial results. The most important skills for a branch manager are customer satisfaction, business development, and branch management.
| Actuarial Manager | Branch Manager | |
| Yearly salary | $75,827 | $56,291 |
| Hourly rate | $36.46 | $27.06 |
| Growth rate | 17% | 17% |
| Number of jobs | 59,285 | 333,883 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 65% |
| 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.
Branch managers oversee the company's field office. This position is usually present in industries such as banking and food service. Branch managers are responsible for all aspects of the branch operations, including, but not limited to, finances, marketing, quality control, and human resources. They ensure that the goals of the branch are met in the most efficient way possible. They balance the needs of both the organization and the employees in the department. Branch managers are also expected to have a hand in training the employees to be useful members of the organization.
Actuarial managers and branch managers have different pay scales, as shown below.
| Actuarial Manager | Branch Manager | |
| Average salary | $75,827 | $56,291 |
| Salary range | Between $39,000 And $144,000 | Between $39,000 And $80,000 |
| Highest paying City | Bridgeport, CT | Oakland, CA |
| Highest paying state | Connecticut | Alaska |
| Best paying company | Prudential Financial | FNB |
| Best paying industry | Insurance | Professional |
There are a few differences between an actuarial manager and a branch manager in terms of educational background:
| Actuarial Manager | Branch Manager | |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 65% |
| Most common major | Mathematics | Business |
| Most common college | University of Notre Dame | Stanford University |
Here are the differences between actuarial managers' and branch managers' demographics:
| Actuarial Manager | Branch Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 65.2% Female, 34.8% | Male, 59.8% Female, 40.2% |
| 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, 8.0% Unknown, 4.1% Hispanic or Latino, 15.4% Asian, 7.8% White, 64.3% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |