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The differences between fiscal managers and asset managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a fiscal manager and an asset manager. Additionally, an asset manager has an average salary of $85,814, which is higher than the $61,354 average annual salary of a fiscal manager.
The top three skills for a fiscal manager include fiscal management, payroll taxes and general ledger. The most important skills for an asset manager are asset management, financial statements, and property management.
| Fiscal Manager | Asset Manager | |
| Yearly salary | $61,354 | $85,814 |
| Hourly rate | $29.50 | $41.26 |
| Growth rate | 17% | 17% |
| Number of jobs | 65,132 | 64,732 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 68% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A fiscal manager supervises branch inventory project design to reinforce inventory levels by implementing the newest procedures and installation of software. A part of his/her or her duties and responsibilities are to execute all bookkeeping payroll functions which include employee pay adjustment processing and electronic deposits. Fiscal managers provide general oversight of monetary reporting and auditing of subcontract agencies to make sure fiscal compliance with contractual and funder requirements. They maintain individual files for every vendor or subcontractor invoices, analyze and archive vendor statements and solve billing discrepancies.
An asset manager is responsible for advising clients with their investment preferences and financial goals based on their assets' quantity and value. Asset managers regularly meet with their clients regarding their asset management's progress, recommending more investment options and considering the clients' needs. They manage financial portfolios and prepare stock market reports and forecasts as needed. An asset manager must have a broad knowledge of the financial industry and investment processes, identifying profit opportunities for long-term investment objectives.
Fiscal managers and asset managers have different pay scales, as shown below.
| Fiscal Manager | Asset Manager | |
| Average salary | $61,354 | $85,814 |
| Salary range | Between $43,000 And $85,000 | Between $59,000 And $123,000 |
| Highest paying City | Merced, CA | New York, NY |
| Highest paying state | New Jersey | New York |
| Best paying company | City of Detroit | Deutsche Bank |
| Best paying industry | Internet | Finance |
There are a few differences between a fiscal manager and an asset manager in terms of educational background:
| Fiscal Manager | Asset Manager | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 68% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between fiscal managers' and asset managers' demographics:
| Fiscal Manager | Asset Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 34.8% Female, 65.2% | Male, 64.3% Female, 35.7% |
| Race ratio | Black or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.0% Asian, 8.8% White, 63.9% American Indian and Alaska Native, 0.3% | Black or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.0% Asian, 8.9% White, 63.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |