Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between fixed income 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 fixed income manager and an asset manager. Additionally, a fixed income manager has an average salary of $118,511, which is higher than the $85,814 average annual salary of an asset manager.
The top three skills for a fixed income manager include fixed income, client relationships and risk management. The most important skills for an asset manager are asset management, financial statements, and property management.
| Fixed Income Manager | Asset Manager | |
| Yearly salary | $118,511 | $85,814 |
| Hourly rate | $56.98 | $41.26 |
| Growth rate | 17% | 17% |
| Number of jobs | 39,734 | 64,732 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 68% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
To analyze, balance, set goals with the client, and ensure that these goals are achieved is the primary job of a fixed income manager. Fixed income managers are behind the monitoring of fixed-income investments, which are the options for people who like to invest but with less stress. They make investors understand how the system works, put up a specific amount, set forth the sail of the investment, and ensure that the expected earnings from it are received.
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.
Fixed income managers and asset managers have different pay scales, as shown below.
| Fixed Income Manager | Asset Manager | |
| Average salary | $118,511 | $85,814 |
| Salary range | Between $59,000 And $237,000 | Between $59,000 And $123,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | Alaska | New York |
| Best paying company | Bloomberg | Deutsche Bank |
| Best paying industry | Finance | Finance |
There are a few differences between a fixed income manager and an asset manager in terms of educational background:
| Fixed Income Manager | Asset Manager | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 68% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between fixed income managers' and asset managers' demographics:
| Fixed Income Manager | Asset Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 74.0% Female, 26.0% | Male, 64.3% Female, 35.7% |
| Race ratio | Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.1% White, 63.4% 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% |