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The differences between assistant branch managers and asset 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 assistant branch manager and an asset manager. Additionally, an asset manager has an average salary of $85,814, which is higher than the $49,913 average annual salary of an assistant branch manager.
The top three skills for an assistant branch manager include quality customer service, branch management and excellent organizational. The most important skills for an asset manager are asset management, financial statements, and property management.
| Assistant Branch Manager | Asset Manager | |
| Yearly salary | $49,913 | $85,814 |
| Hourly rate | $24.00 | $41.26 |
| Growth rate | 17% | 17% |
| Number of jobs | 37,800 | 64,732 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 68% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
An assistant branch manager's primary responsibility is to oversee the daily operations in their designated area, ensuring that everything is running smoothly from the workflow to the workforce. Although the tasks will vary depending on the organization or industry where one is involved, most of it will revolve around evaluating and monitoring employees' progress. Additional duties include responding to calls and inquiries, managing work schedules, and making sure that customers are satisfied with all services and transactions. Moreover, an assistant branch manager must also prioritize meeting the sales targets and staying within the allotted budget and deadlines.
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.
Assistant branch managers and asset managers have different pay scales, as shown below.
| Assistant Branch Manager | Asset Manager | |
| Average salary | $49,913 | $85,814 |
| Salary range | Between $35,000 And $70,000 | Between $59,000 And $123,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | New Jersey | New York |
| Best paying company | Centennial Bank | Deutsche Bank |
| Best paying industry | Transportation | Finance |
There are a few differences between an assistant branch manager and an asset manager in terms of educational background:
| Assistant Branch Manager | Asset Manager | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between assistant branch managers' and asset managers' demographics:
| Assistant Branch Manager | Asset Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 45.3% Female, 54.7% | Male, 64.3% Female, 35.7% |
| Race ratio | Black or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.1% Asian, 8.4% White, 64.3% American Indian and Alaska Native, 0.3% | 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% |
| LGBT Percentage | 11% | 11% |