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The differences between asset analysts and asset managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become an asset analyst, becoming an asset manager takes usually requires 6-8 years. Additionally, an asset manager has an average salary of $85,814, which is higher than the $72,242 average annual salary of an asset analyst.
The top three skills for an asset analyst include asset management, fixed assets and real estate. The most important skills for an asset manager are asset management, financial statements, and property management.
| Asset Analyst | Asset Manager | |
| Yearly salary | $72,242 | $85,814 |
| Hourly rate | $34.73 | $41.26 |
| Growth rate | 9% | 17% |
| Number of jobs | 67,864 | 64,732 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 68% |
| Average age | 40 | 46 |
| Years of experience | 4 | 8 |
Asset analysts are accounting professionals who specialize in the management of the company's assets. They maintain the company's record of assets. They ensure that their database is updated. They also ensure that all physical assets are properly maintained. Asset analysts prepare reports related to these assets and draft recommendations as needed. They also keep themselves updated on the current trends in both the industry and in the economic market. They should always be on the lookout for possible asset acquisitions to improve the company's economic standing.
An asset manager is responsible for advising clients with their investment preferences and financial goals based on their assets' quantity and value. Asset managers regularly meet with their clients regarding their asset management's progress, recommending more investment options and considering the clients' needs. They manage financial portfolios and prepare stock market reports and forecasts as needed. An asset manager must have a broad knowledge of the financial industry and investment processes, identifying profit opportunities for long-term investment objectives.
Asset analysts and asset managers have different pay scales, as shown below.
| Asset Analyst | Asset Manager | |
| Average salary | $72,242 | $85,814 |
| Salary range | Between $47,000 And $109,000 | Between $59,000 And $123,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | Massachusetts | New York |
| Best paying company | Pacific Investment Management Company LLC | Deutsche Bank |
| Best paying industry | Finance | Finance |
There are a few differences between an asset analyst and an asset manager in terms of educational background:
| Asset Analyst | Asset Manager | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between asset analysts' and asset managers' demographics:
| Asset Analyst | Asset Manager | |
| Average age | 40 | 46 |
| Gender ratio | Male, 53.2% Female, 46.8% | Male, 64.3% Female, 35.7% |
| Race ratio | Black or African American, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% | Black or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.0% Asian, 8.9% White, 63.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 7% | 11% |