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The differences between audit managers and managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become an audit manager, becoming a manager takes usually requires 4-6 years. Additionally, an audit manager has an average salary of $121,419, which is higher than the $58,651 average annual salary of a manager.
The top three skills for an audit manager include CPA, internal audit and audit reports. The most important skills for a manager are customer service, payroll, and food safety.
| Audit Manager | Manager | |
| Yearly salary | $121,419 | $58,651 |
| Hourly rate | $58.37 | $28.20 |
| Growth rate | 17% | 6% |
| Number of jobs | 70,168 | 1,236,194 |
| Job satisfaction | - | 4.57 |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 49% |
| Average age | 46 | 44 |
| Years of experience | 8 | 6 |
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.
Managers are responsible for a specific department, function, or employee group. They oversee their assigned departments and all the employees under the department. Managers are responsible that the department they are handling is functioning well. They set the department goals and the steps they must take to achieve the goals. They are also in charge of assessing the performance of their departments and their employees. Additionally, managers are responsible for interviewing prospective candidates for department vacancies and assessing their fit to the needs of the department. Managers also set the general working environment in the department, and they are expected to ensure that their employees remain motivated.
Audit managers and managers have different pay scales, as shown below.
| Audit Manager | Manager | |
| Average salary | $121,419 | $58,651 |
| Salary range | Between $82,000 And $178,000 | Between $37,000 And $92,000 |
| Highest paying City | Portland, ME | - |
| Highest paying state | Maine | New Jersey |
| Best paying company | Meta | - |
| Best paying industry | Manufacturing | Finance |
There are a few differences between an audit manager and a manager in terms of educational background:
| Audit Manager | Manager | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 49% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between audit managers' and managers' demographics:
| Audit Manager | Manager | |
| Average age | 46 | 44 |
| Gender ratio | Male, 66.0% Female, 34.0% | Male, 51.0% Female, 49.0% |
| 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, 6.3% Unknown, 4.3% Hispanic or Latino, 15.5% Asian, 6.4% White, 67.0% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 11% | 10% |