Asset manager vs money manager

The differences between asset managers and money 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 money manager. Additionally, an asset manager has an average salary of $85,814, which is higher than the $73,231 average annual salary of a money manager.

The top three skills for an asset manager include asset management, financial statements and property management. The most important skills for a money manager are BSA, anti-money laundering, and bank secrecy act.

Asset manager vs money manager overview

	Asset Manager	Money Manager
Yearly salary	$85,814	$73,231
Hourly rate	$41.26	$35.21
Growth rate	17%	17%
Number of jobs	64,732	58,982
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 68%	Bachelor's Degree, 59%
Average age	46	46
Years of experience	8	8

Asset manager vs money manager salary

Asset managers and money managers have different pay scales, as shown below.

	Asset Manager	Money Manager
Average salary	$85,814	$73,231
Salary range	Between $59,000 And $123,000	Between $47,000 And $112,000
Highest paying City	New York, NY	-
Highest paying state	New York	-
Best paying company	Deutsche Bank	-
Best paying industry	Finance	-

Differences between asset manager and money manager education

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

	Asset Manager	Money Manager
Most common degree	Bachelor's Degree, 68%	Bachelor's Degree, 59%
Most common major	Business	Business
Most common college	Stanford University	University of Pennsylvania

Asset manager vs money manager demographics

Here are the differences between asset managers' and money managers' demographics:

	Asset Manager	Money Manager
Average age	46	46
Gender ratio	Male, 64.3% Female, 35.7%	Male, 43.5% Female, 56.5%
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, 7.4% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 64.0% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between asset manager and money 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.

Money manager example responsibilities.

Decrease manual processing time by successfully managing the implementation of a new software system for the BSA unit.
Assist clients with addressing BSA, AML & OFAC requirements resulting from regulatory actions against the clients.
Process fundamental and technical analysis for strategic trading of equities.
Assist in implementing effective procedures for the ACH department.
Perform daily vault balancing, ATM servicing and transaction approvals.
Review portfolio positioning and investment results with clients, consultants, and prospects.

Asset manager vs money manager skills

Common asset manager skills

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

Common money manager skills

BSA, 18%
Anti-Money Laundering, 15%
Bank Secrecy Act, 11%
OFAC, 9%
Transaction Monitoring, 8%
Risk Management, 7%