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The differences between fixed income managers and audit 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 audit manager. Additionally, an audit manager has an average salary of $121,419, which is higher than the $118,511 average annual salary of a fixed income manager.
The top three skills for a fixed income manager include fixed income, client relationships and risk management. The most important skills for an audit manager are CPA, internal audit, and audit reports.
| Fixed Income Manager | Audit Manager | |
| Yearly salary | $118,511 | $121,419 |
| Hourly rate | $56.98 | $58.37 |
| Growth rate | 17% | 17% |
| Number of jobs | 39,734 | 70,168 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 75% |
| 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 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.
Fixed income managers and audit managers have different pay scales, as shown below.
| Fixed Income Manager | Audit Manager | |
| Average salary | $118,511 | $121,419 |
| Salary range | Between $59,000 And $237,000 | Between $82,000 And $178,000 |
| Highest paying City | San Francisco, CA | Portland, ME |
| Highest paying state | Alaska | Maine |
| Best paying company | Bloomberg | Meta |
| Best paying industry | Finance | Manufacturing |
There are a few differences between a fixed income manager and an audit manager in terms of educational background:
| Fixed Income Manager | Audit Manager | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 75% |
| Most common major | Finance | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between fixed income managers' and audit managers' demographics:
| Fixed Income Manager | Audit Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 74.0% Female, 26.0% | Male, 66.0% Female, 34.0% |
| 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, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |