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The differences between fixed income managers and risk 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 risk manager. Additionally, a fixed income manager has an average salary of $118,511, which is higher than the $116,072 average annual salary of a risk manager.
The top three skills for a fixed income manager include fixed income, client relationships and risk management. The most important skills for a risk manager are oversight, risk assessments, and project management.
| Fixed Income Manager | Risk Manager | |
| Yearly salary | $118,511 | $116,072 |
| Hourly rate | $56.98 | $55.80 |
| Growth rate | 17% | 17% |
| Number of jobs | 39,734 | 75,795 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 66% |
| 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 risk manager is responsible for analyzing potential risks that may affect the organization's operations, reputation, and market credibility. Risk managers identify risk controls and discuss business contingency plans for unforeseen circumstances to prevent delays in operational services. They also develop compliance training and programs for all the employees to provide them the awareness of the safety and security regulations within the company premises. A risk manager must have excellent communication and leadership skills, especially on handling and investigating cases that might compromise the business stability and financial status.
Fixed income managers and risk managers have different pay scales, as shown below.
| Fixed Income Manager | Risk Manager | |
| Average salary | $118,511 | $116,072 |
| Salary range | Between $59,000 And $237,000 | Between $84,000 And $160,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Alaska | California |
| Best paying company | Bloomberg | Credit Karma |
| Best paying industry | Finance | Technology |
There are a few differences between a fixed income manager and a risk manager in terms of educational background:
| Fixed Income Manager | Risk Manager | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 66% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between fixed income managers' and risk managers' demographics:
| Fixed Income Manager | Risk Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 74.0% Female, 26.0% | Male, 59.3% Female, 40.7% |
| 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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 10.1% White, 63.5% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |