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The differences between fixed income managers and finance planning 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 finance planning manager. Additionally, a fixed income manager has an average salary of $118,511, which is higher than the $109,162 average annual salary of a finance planning manager.
The top three skills for a fixed income manager include fixed income, client relationships and risk management. The most important skills for a finance planning manager are financial analysis, financial planning analysis, and financial models.
| Fixed Income Manager | Finance Planning Manager | |
| Yearly salary | $118,511 | $109,162 |
| Hourly rate | $56.98 | $52.48 |
| Growth rate | 17% | 17% |
| Number of jobs | 39,734 | 120,588 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 73% |
| 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 finance planning manager oversees the budget and finance development processes within a company. Their responsibilities revolve around analyzing financial records, participating in auditing processes, producing reports and forecasts, and coordinating with different company personnel to obtain accurate data. A finance planning manager must also utilize fiscal tools, devise new business strategies and opportunities, and keep abreast of all the company's upcoming projects. Furthermore, as a manager, it is essential to lead and encourage the team, all while implementing the company's policies and regulations.
Fixed income managers and finance planning managers have different pay scales, as shown below.
| Fixed Income Manager | Finance Planning Manager | |
| Average salary | $118,511 | $109,162 |
| Salary range | Between $59,000 And $237,000 | Between $78,000 And $152,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Alaska | Delaware |
| Best paying company | Bloomberg | Metropolitan Water District of Southern California |
| Best paying industry | Finance | Manufacturing |
There are a few differences between a fixed income manager and a finance planning manager in terms of educational background:
| Fixed Income Manager | Finance Planning Manager | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 73% |
| Most common major | Finance | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between fixed income managers' and finance planning managers' demographics:
| Fixed Income Manager | Finance Planning Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 74.0% Female, 26.0% | Male, 69.8% Female, 30.2% |
| 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, 7.4% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 63.9% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |