Assurance manager vs bank manager

The differences between assurance managers and bank 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 a bank manager. Additionally, a bank manager has an average salary of $96,910, 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 a bank manager are bank products, financial services, and business development.

Assurance manager vs bank manager overview

	Assurance Manager	Bank Manager
Yearly salary	$80,075	$96,910
Hourly rate	$38.50	$46.59
Growth rate	17%	17%
Number of jobs	78,670	66,136
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 69%	Bachelor's Degree, 64%
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 a bank manager do?

A bank manager is responsible for supervising banking operations and monitoring staff performance in providing the best customer service for clients with their banking needs and financial transactions. Bank managers assist the staff with the complexities of processes, train new hires, and strategize the development of services that would contribute to the bank's success. They also conduct fund audits and create accounts receivable reports at the end of the day. A bank manager responds to clients' inquiries and concerns, resolve complaints, and manage account disputes.

Assurance manager vs bank manager salary

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

	Assurance Manager	Bank Manager
Average salary	$80,075	$96,910
Salary range	Between $55,000 And $115,000	Between $65,000 And $142,000
Highest paying City	San Francisco, CA	San Francisco, CA
Highest paying state	California	California
Best paying company	Meta	Accenture
Best paying industry	Technology	Finance

Differences between assurance manager and bank manager education

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

	Assurance Manager	Bank Manager
Most common degree	Bachelor's Degree, 69%	Bachelor's Degree, 64%
Most common major	Accounting	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Assurance manager vs bank manager demographics

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

	Assurance Manager	Bank Manager
Average age	46	46
Gender ratio	Male, 70.6% Female, 29.4%	Male, 48.9% Female, 51.1%
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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% White, 63.7% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between assurance manager and bank 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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Bank manager example responsibilities.

Manage a portfolio in various stages of workout including liquidation, refinancing, restructure, rehabilitation, bankruptcy and litigation.
Collaborate with corporate training designers and facilitators to plan, develop and execute AML and KYC relate training.
Handle escalations in the absence of the FCM; ensure enterprise complaint tracking own resource management for the financial center.
Team up with FCM and regional recruiter in interview and hiring process.
Perform other jobs and relate projects as assigned including mentoring sales employees to exceed assign goals by Bancorp.
Monitor all banking operations according to the federal rules and regulations, including performing monthly audits, and following Bancorp standards.

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Assurance manager vs bank 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 bank manager skills

Bank Products, 7%
Financial Services, 7%
Business Development, 6%
Secrecy, 6%
Bank Secrecy Act, 6%
Community Involvement, 5%

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Updated January 8, 2025

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