Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between asset managers and bank 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 a bank manager. Additionally, a bank manager has an average salary of $96,910, which is higher than the $85,814 average annual salary of an asset manager.
The top three skills for an asset manager include asset management, financial statements and property management. The most important skills for a bank manager are bank products, financial services, and business development.
| Asset Manager | Bank Manager | |
| Yearly salary | $85,814 | $96,910 |
| Hourly rate | $41.26 | $46.59 |
| Growth rate | 17% | 17% |
| Number of jobs | 64,732 | 66,136 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 64% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
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.
A bank manager is responsible for supervising banking operations and monitoring staff performance in providing the best customer service for clients with their banking needs and financial transactions. Bank managers assist the staff with the complexities of processes, train new hires, and strategize the development of services that would contribute to the bank's success. They also conduct fund audits and create accounts receivable reports at the end of the day. A bank manager responds to clients' inquiries and concerns, resolve complaints, and manage account disputes.
Asset managers and bank managers have different pay scales, as shown below.
| Asset Manager | Bank Manager | |
| Average salary | $85,814 | $96,910 |
| Salary range | Between $59,000 And $123,000 | Between $65,000 And $142,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | New York | California |
| Best paying company | Deutsche Bank | Accenture |
| Best paying industry | Finance | Finance |
There are a few differences between an asset manager and a bank manager in terms of educational background:
| Asset Manager | Bank Manager | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | Stanford University | University of Pennsylvania |
Here are the differences between asset managers' and bank managers' demographics:
| Asset Manager | Bank Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 64.3% Female, 35.7% | Male, 48.9% Female, 51.1% |
| 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, 14.3% Asian, 10.0% White, 63.7% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |