Asset manager vs administrative & finance manager

The differences between asset managers and administrative & finance 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 asset manager and an administrative & finance manager. Additionally, an asset manager has an average salary of $85,814, which is higher than the $76,989 average annual salary of an administrative & finance manager.

The top three skills for an asset manager include asset management, financial statements and property management. The most important skills for an administrative & finance manager are payroll processing, human resources, and oversight.

Asset manager vs administrative & finance manager overview

	Asset Manager	Administrative & Finance Manager
Yearly salary	$85,814	$76,989
Hourly rate	$41.26	$37.01
Growth rate	17%	17%
Number of jobs	64,732	143,109
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 68%	Bachelor's Degree, 63%
Average age	46	46
Years of experience	8	8

What does an asset manager do?

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.

What does an administrative & finance manager do?

An administrative and finance manager handles a company's expenditures, requests, invoices, and other financial documentation. Their primary duty is to oversee a finance team's daily work. Additionally, they must coordinate financial staff, ensure that orders from management are carried out, complete the company's financial statements, and provide tax data for the legal department.

Asset manager vs administrative & finance manager salary

Asset managers and administrative & finance managers have different pay scales, as shown below.

	Asset Manager	Administrative & Finance Manager
Average salary	$85,814	$76,989
Salary range	Between $59,000 And $123,000	Between $55,000 And $107,000
Highest paying City	New York, NY	New York, NY
Highest paying state	New York	New York
Best paying company	Deutsche Bank	Meta
Best paying industry	Finance	Insurance

Differences between asset manager and administrative & finance manager education

There are a few differences between an asset manager and an administrative & finance manager in terms of educational background:

	Asset Manager	Administrative & Finance Manager
Most common degree	Bachelor's Degree, 68%	Bachelor's Degree, 63%
Most common major	Business	Business
Most common college	Stanford University	University of Pennsylvania

Asset manager vs administrative & finance manager demographics

Here are the differences between asset managers' and administrative & finance managers' demographics:

	Asset Manager	Administrative & Finance Manager
Average age	46	46
Gender ratio	Male, 64.3% Female, 35.7%	Male, 50.7% Female, 49.3%
Race ratio	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%	Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 10.1% White, 63.5% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between asset manager and administrative & finance manager duties and responsibilities

Asset manager example responsibilities.

Manage and improve the processes require to support server end of life and normal windows patching processes.
Manage a pipeline of assets/projects through the project life cycle of short sale/deed in lieu of foreclosure through closing.
Manage and facilitate IRB investigations of report non-compliance and/or scientific misconduct.
Recognize for financial acumen, successfully managing invoicing, vendor accounts, reconciliations, and target reports.
Manage commercial and multifamily REO portfolio preparing property operating plans to enhance value and marketability of REO asset
Trade structured product securities for accounts manage by other portfolio managers base on economic conditions and the needs of specific portfolios.

Administrative & finance manager example responsibilities.

Manage payroll and organizational projects using QuickBooks for non-profits.
Process bi-weekly payroll utilizing QuickBooks and manage financial and clinical performance.
Manage accounts payable/receivable, deposits, payroll preparation, purchasing and inventory management, liaison to accountant.
Prepare monthly and annual financial statements along with supporting schedules resulting in minimal follow up by external CPA's.
Work closely with the CPA firm to ensure proper income tax filing and keep the company books flowing smoothly.
Direct ERP system implementation, establish beginning balances and database information, and train users on applications and requirements.

Asset manager vs administrative & finance manager skills

Common asset manager skills

Asset Management, 20%
Financial Statements, 7%
Property Management, 7%
Customer Service, 6%
Oversight, 5%
Loan Portfolio, 5%

Common administrative & finance manager skills

Payroll Processing, 10%
Human Resources, 7%
Oversight, 7%
Administrative Procedures, 6%
Financial Management, 5%
Financial Analysis, 5%

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Asset Manager
Asset Manager vs Administrative & Finance Manager

Updated January 8, 2025

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