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The differences between audit managers and management accounts 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 management accounts manager. Additionally, an audit manager has an average salary of $121,419, which is higher than the $91,681 average annual salary of a management accounts manager.
The top three skills for an audit manager include CPA, internal audit and audit reports. The most important skills for a management accounts manager are customer service, client facing, and project management.
| Audit Manager | Management Accounts Manager | |
| Yearly salary | $121,419 | $91,681 |
| Hourly rate | $58.37 | $44.08 |
| Growth rate | 17% | 17% |
| Number of jobs | 70,168 | 113,871 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 69% |
| 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 management accounts manager is responsible for maintaining healthy business relationships with clients by handling their project accounts, improving account management procedures, and identifying business opportunities that would generate more revenue resources for the company. Management accounts managers compile portfolio reports, including how the client's account performs in the market and its financial stability. They also negotiate contracts, settle terms and agreements, and ensure the highest customer experience by implementing strategic plans to enhance the company's services.
Audit managers and management accounts managers have different pay scales, as shown below.
| Audit Manager | Management Accounts Manager | |
| Average salary | $121,419 | $91,681 |
| Salary range | Between $82,000 And $178,000 | Between $66,000 And $125,000 |
| Highest paying City | Portland, ME | Seattle, WA |
| Highest paying state | Maine | Washington |
| Best paying company | Meta | Meta |
| Best paying industry | Manufacturing | Energy |
There are a few differences between an audit manager and a management accounts manager in terms of educational background:
| Audit Manager | Management Accounts Manager | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 69% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between audit managers' and management accounts managers' demographics:
| Audit Manager | Management Accounts Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 66.0% Female, 34.0% | Male, 48.6% Female, 51.4% |
| 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% |