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The differences between actuarial 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 actuarial manager and a tax manager. Additionally, a tax manager has an average salary of $96,100, 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 tax manager are CPA, client relationships, and tax planning.
| Actuarial Manager | Tax Manager | |
| Yearly salary | $75,827 | $96,100 |
| Hourly rate | $36.46 | $46.20 |
| Growth rate | 17% | 17% |
| Number of jobs | 59,285 | 79,204 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 68% |
| 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 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.
Actuarial managers and tax managers have different pay scales, as shown below.
| Actuarial Manager | Tax Manager | |
| Average salary | $75,827 | $96,100 |
| Salary range | Between $39,000 And $144,000 | Between $70,000 And $131,000 |
| Highest paying City | Bridgeport, CT | San Francisco, CA |
| Highest paying state | Connecticut | New York |
| Best paying company | Prudential Financial | Meta |
| Best paying industry | Insurance | Finance |
There are a few differences between an actuarial manager and a tax manager in terms of educational background:
| Actuarial Manager | Tax Manager | |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 68% |
| Most common major | Mathematics | Accounting |
| Most common college | University of Notre Dame | University of Southern California |
Here are the differences between actuarial managers' and tax managers' demographics:
| Actuarial Manager | Tax Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 65.2% Female, 34.8% | Male, 58.5% Female, 41.5% |
| 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, 7.5% 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% |