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The differences between audit managers and tax 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 tax manager. Additionally, an audit manager has an average salary of $121,419, which is higher than the $96,100 average annual salary of a tax manager.
The top three skills for an audit manager include CPA, internal audit and audit reports. The most important skills for a tax manager are CPA, client relationships, and tax planning.
| Audit Manager | Tax Manager | |
| Yearly salary | $121,419 | $96,100 |
| Hourly rate | $58.37 | $46.20 |
| Growth rate | 17% | 17% |
| Number of jobs | 70,168 | 79,204 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 68% |
| 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 Tax Manager is responsible for managing tax reporting and compliance within an organization. They provide innovative tax planning and prepare state and federal tax returns for companies.
Audit managers and tax managers have different pay scales, as shown below.
| Audit Manager | Tax Manager | |
| Average salary | $121,419 | $96,100 |
| Salary range | Between $82,000 And $178,000 | Between $70,000 And $131,000 |
| Highest paying City | Portland, ME | San Francisco, CA |
| Highest paying state | Maine | New York |
| Best paying company | Meta | Meta |
| Best paying industry | Manufacturing | Finance |
There are a few differences between an audit manager and a tax manager in terms of educational background:
| Audit Manager | Tax Manager | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 68% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Southern California |
Here are the differences between audit managers' and tax managers' demographics:
| Audit Manager | Tax Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 66.0% Female, 34.0% | Male, 58.5% Female, 41.5% |
| 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, 14.3% Asian, 10.0% White, 63.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |