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The differences between assistant branch 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 assistant branch manager and a risk manager. Additionally, a risk manager has an average salary of $116,072, 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 a risk manager are oversight, risk assessments, and project management.
| Assistant Branch Manager | Risk Manager | |
| Yearly salary | $49,913 | $116,072 |
| Hourly rate | $24.00 | $55.80 |
| Growth rate | 17% | 17% |
| Number of jobs | 37,800 | 75,795 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 66% |
| 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.
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.
Assistant branch managers and risk managers have different pay scales, as shown below.
| Assistant Branch Manager | Risk Manager | |
| Average salary | $49,913 | $116,072 |
| Salary range | Between $35,000 And $70,000 | Between $84,000 And $160,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | New Jersey | California |
| Best paying company | Centennial Bank | Credit Karma |
| Best paying industry | Transportation | Technology |
There are a few differences between an assistant branch manager and a risk manager in terms of educational background:
| Assistant Branch Manager | Risk Manager | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | Stanford University | University of Pennsylvania |
Here are the differences between assistant branch managers' and risk managers' demographics:
| Assistant Branch Manager | Risk Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 45.3% Female, 54.7% | Male, 59.3% Female, 40.7% |
| 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, 7.5% 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% |