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The differences between audit managers and administrative & finance 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 audit manager and an administrative & finance manager. Additionally, an audit manager has an average salary of $121,419, which is higher than the $76,989 average annual salary of an administrative & finance manager.
The top three skills for an audit manager include CPA, internal audit and audit reports. The most important skills for an administrative & finance manager are payroll processing, human resources, and oversight.
| Audit Manager | Administrative & Finance Manager | |
| Yearly salary | $121,419 | $76,989 |
| Hourly rate | $58.37 | $37.01 |
| Growth rate | 17% | 17% |
| Number of jobs | 70,168 | 143,109 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 63% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
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.
An administrative and finance manager handles a company's expenditures, requests, invoices, and other financial documentation. Their primary duty is to oversee a finance team's daily work. Additionally, they must coordinate financial staff, ensure that orders from management are carried out, complete the company's financial statements, and provide tax data for the legal department.
Audit managers and administrative & finance managers have different pay scales, as shown below.
| Audit Manager | Administrative & Finance Manager | |
| Average salary | $121,419 | $76,989 |
| Salary range | Between $82,000 And $178,000 | Between $55,000 And $107,000 |
| Highest paying City | Portland, ME | New York, NY |
| Highest paying state | Maine | New York |
| Best paying company | Meta | Meta |
| Best paying industry | Manufacturing | Insurance |
There are a few differences between an audit manager and an administrative & finance manager in terms of educational background:
| Audit Manager | Administrative & Finance Manager | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 63% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between audit managers' and administrative & finance managers' demographics:
| Audit Manager | Administrative & Finance Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 66.0% Female, 34.0% | Male, 50.7% Female, 49.3% |
| Race ratio | 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% | 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% |