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The differences between audit 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 audit manager and a bank manager. Additionally, an audit manager has an average salary of $121,419, which is higher than the $96,910 average annual salary of a bank manager.
The top three skills for an audit manager include CPA, internal audit and audit reports. The most important skills for a bank manager are bank products, financial services, and business development.
| Audit Manager | Bank Manager | |
| Yearly salary | $121,419 | $96,910 |
| Hourly rate | $58.37 | $46.59 |
| Growth rate | 17% | 17% |
| Number of jobs | 70,168 | 66,136 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 64% |
| 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.
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.
Audit managers and bank managers have different pay scales, as shown below.
| Audit Manager | Bank Manager | |
| Average salary | $121,419 | $96,910 |
| Salary range | Between $82,000 And $178,000 | Between $65,000 And $142,000 |
| Highest paying City | Portland, ME | San Francisco, CA |
| Highest paying state | Maine | California |
| Best paying company | Meta | Accenture |
| Best paying industry | Manufacturing | Finance |
There are a few differences between an audit manager and a bank manager in terms of educational background:
| Audit Manager | Bank Manager | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 64% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between audit managers' and bank managers' demographics:
| Audit Manager | Bank Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 66.0% Female, 34.0% | Male, 48.9% Female, 51.1% |
| 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, 14.3% Asian, 10.0% White, 63.7% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |