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The differences between assurance managers and audit 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 audit manager. Additionally, an audit manager has an average salary of $121,419, 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 audit manager are CPA, internal audit, and audit reports.
| Assurance Manager | Audit Manager | |
| Yearly salary | $80,075 | $121,419 |
| Hourly rate | $38.50 | $58.37 |
| Growth rate | 17% | 17% |
| Number of jobs | 78,670 | 70,168 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 75% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
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.
An audit manager is responsible for the complete audit process of finances in an organization. They work for banks and report directly to the audit committee. Based on findings gathered, a financial institution can gain vision into their variance and overall performance. They are also responsible for scheduling audits, initiating departmental audits, consolidation, and analysis of audit reports, and reviewing accounting procedures. Moreover, part of their tasks is to create audit finding presentations to be presented to the audit committee. It requires a high amount of accountability to be an effective audit manager.
Assurance managers and audit managers have different pay scales, as shown below.
| Assurance Manager | Audit Manager | |
| Average salary | $80,075 | $121,419 |
| Salary range | Between $55,000 And $115,000 | Between $82,000 And $178,000 |
| Highest paying City | San Francisco, CA | Portland, ME |
| Highest paying state | California | Maine |
| Best paying company | Meta | Meta |
| Best paying industry | Technology | Manufacturing |
There are a few differences between an assurance manager and an audit manager in terms of educational background:
| Assurance Manager | Audit Manager | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 75% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between assurance managers' and audit managers' demographics:
| Assurance Manager | Audit Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 70.6% Female, 29.4% | Male, 66.0% Female, 34.0% |
| 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, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |