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The differences between fixed income managers and bank 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 a bank manager. Additionally, a fixed income manager has an average salary of $118,511, which is higher than the $96,910 average annual salary of a bank manager.
The top three skills for a fixed income manager include fixed income, client relationships and risk management. The most important skills for a bank manager are bank products, financial services, and business development.
| Fixed Income Manager | Bank Manager | |
| Yearly salary | $118,511 | $96,910 |
| Hourly rate | $56.98 | $46.59 |
| Growth rate | 17% | 17% |
| Number of jobs | 39,734 | 66,136 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 64% |
| 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.
A bank manager is responsible for supervising banking operations and monitoring staff performance in providing the best customer service for clients with their banking needs and financial transactions. Bank managers assist the staff with the complexities of processes, train new hires, and strategize the development of services that would contribute to the bank's success. They also conduct fund audits and create accounts receivable reports at the end of the day. A bank manager responds to clients' inquiries and concerns, resolve complaints, and manage account disputes.
Fixed income managers and bank managers have different pay scales, as shown below.
| Fixed Income Manager | Bank Manager | |
| Average salary | $118,511 | $96,910 |
| Salary range | Between $59,000 And $237,000 | Between $65,000 And $142,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Alaska | California |
| Best paying company | Bloomberg | Accenture |
| Best paying industry | Finance | Finance |
There are a few differences between a fixed income manager and a bank manager in terms of educational background:
| Fixed Income Manager | Bank Manager | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 64% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between fixed income managers' and bank managers' demographics:
| Fixed Income Manager | Bank Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 74.0% Female, 26.0% | Male, 48.9% Female, 51.1% |
| 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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% White, 63.7% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |