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The differences between audit managers and branch 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 branch manager. Additionally, an audit manager has an average salary of $121,419, which is higher than the $56,291 average annual salary of a branch manager.
The top three skills for an audit manager include CPA, internal audit and audit reports. The most important skills for a branch manager are customer satisfaction, business development, and branch management.
| Audit Manager | Branch Manager | |
| Yearly salary | $121,419 | $56,291 |
| Hourly rate | $58.37 | $27.06 |
| Growth rate | 17% | 17% |
| Number of jobs | 70,168 | 333,883 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 65% |
| 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.
Branch managers oversee the company's field office. This position is usually present in industries such as banking and food service. Branch managers are responsible for all aspects of the branch operations, including, but not limited to, finances, marketing, quality control, and human resources. They ensure that the goals of the branch are met in the most efficient way possible. They balance the needs of both the organization and the employees in the department. Branch managers are also expected to have a hand in training the employees to be useful members of the organization.
Audit managers and branch managers have different pay scales, as shown below.
| Audit Manager | Branch Manager | |
| Average salary | $121,419 | $56,291 |
| Salary range | Between $82,000 And $178,000 | Between $39,000 And $80,000 |
| Highest paying City | Portland, ME | Oakland, CA |
| Highest paying state | Maine | Alaska |
| Best paying company | Meta | FNB |
| Best paying industry | Manufacturing | Professional |
There are a few differences between an audit manager and a branch manager in terms of educational background:
| Audit Manager | Branch Manager | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 65% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between audit managers' and branch managers' demographics:
| Audit Manager | Branch Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 66.0% Female, 34.0% | Male, 59.8% Female, 40.2% |
| 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, 8.0% Unknown, 4.1% Hispanic or Latino, 15.4% Asian, 7.8% White, 64.3% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |