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The differences between asset managers and banking center 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 banking center manager. Additionally, a banking center manager has an average salary of $128,585, 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 banking center manager are business development, bank products, and bank policies.
| Asset Manager | Banking Center Manager | |
| Yearly salary | $85,814 | $128,585 |
| Hourly rate | $41.26 | $61.82 |
| Growth rate | 17% | 17% |
| Number of jobs | 64,732 | 87,078 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 70% |
| 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 banking center manager is responsible for monitoring bank operations, auditing financial transactions, and ensuring that the banking staff provides the highest customer service for their clients. Banking center managers assist the team members in responding to the customers' inquiries and concerns regarding the financial options they offer, opening accounts, selling financial instruments, and resolving transactional complaints. A banking center manager must have excellent communication and analytical skills, especially in developing banking solutions that would increase the bank's reliability to the customers.
Asset managers and banking center managers have different pay scales, as shown below.
| Asset Manager | Banking Center Manager | |
| Average salary | $85,814 | $128,585 |
| Salary range | Between $59,000 And $123,000 | Between $95,000 And $173,000 |
| Highest paying City | New York, NY | - |
| Highest paying state | New York | - |
| Best paying company | Deutsche Bank | - |
| Best paying industry | Finance | - |
There are a few differences between an asset manager and a banking center manager in terms of educational background:
| Asset Manager | Banking Center Manager | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 70% |
| Most common major | Business | Business |
| Most common college | Stanford University | University of Pennsylvania |
Here are the differences between asset managers' and banking center managers' demographics:
| Asset Manager | Banking Center Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 64.3% Female, 35.7% | Male, 47.0% Female, 53.0% |
| 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, 7.7% Unknown, 4.1% Hispanic or Latino, 14.7% Asian, 9.3% White, 63.9% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |