Assurance manager vs asset manager

The differences between assurance 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 assurance manager and an asset manager. Additionally, an asset manager has an average salary of $85,814, which is higher than the $80,075 average annual salary of an assurance manager.

The top three skills for an assurance manager include client service, internal controls and business development. The most important skills for an asset manager are asset management, financial statements, and property management.

Assurance manager vs asset manager overview

	Assurance Manager	Asset Manager
Yearly salary	$80,075	$85,814
Hourly rate	$38.50	$41.26
Growth rate	17%	17%
Number of jobs	78,670	64,732
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 69%	Bachelor's Degree, 68%
Average age	46	46
Years of experience	8	8

What does an assurance manager do?

An assurance manager is in charge of overseeing the quality assurance procedures in a manufacturing facility. Among their responsibilities include supervising quality assurance teams, setting goals and guidelines, managing budgets and schedules, gathering and analyzing data, producing progress reports, liaising with internal and external parties, and addressing issues and concerns, resolving them in a timely and efficient manner. Moreover, as a manager, it is essential to lead and encourage the staff to reach goals while implementing the company's policies and regulations.

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.

Assurance manager vs asset manager salary

Assurance managers and asset managers have different pay scales, as shown below.

	Assurance Manager	Asset Manager
Average salary	$80,075	$85,814
Salary range	Between $55,000 And $115,000	Between $59,000 And $123,000
Highest paying City	San Francisco, CA	New York, NY
Highest paying state	California	New York
Best paying company	Meta	Deutsche Bank
Best paying industry	Technology	Finance

Differences between assurance manager and asset manager education

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

	Assurance Manager	Asset Manager
Most common degree	Bachelor's Degree, 69%	Bachelor's Degree, 68%
Most common major	Accounting	Business
Most common college	University of Pennsylvania	Stanford University

Assurance manager vs asset manager demographics

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

	Assurance Manager	Asset Manager
Average age	46	46
Gender ratio	Male, 70.6% Female, 29.4%	Male, 64.3% Female, 35.7%
Race ratio	Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% White, 63.8% 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%

Differences between assurance manager and asset manager duties and responsibilities

Assurance manager example responsibilities.

Develop and manage CAPA systems, including tracking follow-up activities and maintaining databases to maximize efficiency and accuracy.
Manage complex development programs consisting of multiple geographically separate teams supporting automation, regression, feature test and system test.
Ensure compliance with all regulatory standards including TSA, CTPAT, and ISO.
Enhance the ISO auditing process at operational levels by organizing trial runs to facilitate employee involvement.
Perform the branch's first Sarbanes-Oxley financial audit for a public water utility within budget and deadline.
Design automation test plan, automation test suites and implement them using Java and PHP language for all brands.

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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.

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Assurance manager vs asset manager skills

Common assurance manager skills

Client Service, 9%
Internal Controls, 7%
Business Development, 7%
Risk Assessments, 6%
Assurance Services, 5%
Internal Audit, 5%

Common asset manager skills

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

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Updated January 8, 2025

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