Asset manager vs risk manager

The differences between asset managers and risk 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 risk manager. Additionally, a risk manager has an average salary of $116,072, 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 risk manager are oversight, risk assessments, and project management.

Asset manager vs risk manager overview

	Asset Manager	Risk Manager
Yearly salary	$85,814	$116,072
Hourly rate	$41.26	$55.80
Growth rate	17%	17%
Number of jobs	64,732	75,795
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 68%	Bachelor's Degree, 66%
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 a risk manager do?

A risk manager is responsible for analyzing potential risks that may affect the organization's operations, reputation, and market credibility. Risk managers identify risk controls and discuss business contingency plans for unforeseen circumstances to prevent delays in operational services. They also develop compliance training and programs for all the employees to provide them the awareness of the safety and security regulations within the company premises. A risk manager must have excellent communication and leadership skills, especially on handling and investigating cases that might compromise the business stability and financial status.

Asset manager vs risk manager salary

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

	Asset Manager	Risk Manager
Average salary	$85,814	$116,072
Salary range	Between $59,000 And $123,000	Between $84,000 And $160,000
Highest paying City	New York, NY	San Francisco, CA
Highest paying state	New York	California
Best paying company	Deutsche Bank	Credit Karma
Best paying industry	Finance	Technology

Differences between asset manager and risk manager education

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

	Asset Manager	Risk Manager
Most common degree	Bachelor's Degree, 68%	Bachelor's Degree, 66%
Most common major	Business	Business
Most common college	Stanford University	University of Pennsylvania

Asset manager vs risk manager demographics

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

	Asset Manager	Risk Manager
Average age	46	46
Gender ratio	Male, 64.3% Female, 35.7%	Male, 59.3% Female, 40.7%
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 risk 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.

Show more

Risk manager example responsibilities.

Lead team in addressing Sarbanes-Oxley, HIPAA, and SAS70 compliance and control mandates.
Develop procedures and policies to manage site implementation of successful JD Edwards ERP system.
Direct staff, manage A/R and reconciliations, petty cash disbursements and tracking of all incoming claims and payments.
Manage the loan loss receivables SAS data mart, document change initiatives, implement SAS coding changes and process ongoing updates.
Manage accounting procedures and general ledger reconciliations.
Lead SOX project planning and implementation, successfully implement the corporate governance policies and internal control framework.

Show more

Asset manager vs risk manager skills

Common asset manager skills

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

Common risk manager skills

Oversight, 10%
Risk Assessments, 6%
Project Management, 6%
Portfolio, 5%
Strong Analytical, 4%
Operational Risk, 4%

Asset Manager vs. similar jobs

Asset Manager related careers

Asset Manager related jobs

What similar roles do

Updated January 8, 2025

Browse executive management jobs

A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z