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The differences between audit managers and investments 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 investments manager. Additionally, an audit manager has an average salary of $121,419, which is higher than the $116,102 average annual salary of an investments manager.
The top three skills for an audit manager include CPA, internal audit and audit reports. The most important skills for an investments manager are private equity, due diligence, and real estate.
| Audit Manager | Investments Manager | |
| Yearly salary | $121,419 | $116,102 |
| Hourly rate | $58.37 | $55.82 |
| Growth rate | 17% | 17% |
| Number of jobs | 70,168 | 42,946 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 71% |
| 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.
The job of investment managers or fund managers is to help clients grow their money and achieve their financial and personal goals in life. Investment managers have a variety of responsibilities that often include handling all activities associated with managing client portfolios, monitoring performance measurement and transaction settlement, and determining the best strategy for investments. Also, you will be responsible for providing advice on investments and handling investments and investor decisions with discretion. As an investment manager, you are also expected to offer recommendations about investments.
Audit managers and investments managers have different pay scales, as shown below.
| Audit Manager | Investments Manager | |
| Average salary | $121,419 | $116,102 |
| Salary range | Between $82,000 And $178,000 | Between $68,000 And $198,000 |
| Highest paying City | Portland, ME | New York, NY |
| Highest paying state | Maine | Alaska |
| Best paying company | Meta | Netflix |
| Best paying industry | Manufacturing | Finance |
There are a few differences between an audit manager and an investments manager in terms of educational background:
| Audit Manager | Investments Manager | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 71% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between audit managers' and investments managers' demographics:
| Audit Manager | Investments Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 66.0% Female, 34.0% | Male, 65.5% Female, 34.5% |
| 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, 14.2% Asian, 10.0% White, 63.9% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |