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The differences between fixed income managers and tax 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 tax manager. Additionally, a fixed income manager has an average salary of $118,511, which is higher than the $96,100 average annual salary of a tax manager.
The top three skills for a fixed income manager include fixed income, client relationships and risk management. The most important skills for a tax manager are CPA, client relationships, and tax planning.
| Fixed Income Manager | Tax Manager | |
| Yearly salary | $118,511 | $96,100 |
| Hourly rate | $56.98 | $46.20 |
| Growth rate | 17% | 17% |
| Number of jobs | 39,734 | 79,204 |
| 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.
A Tax Manager is responsible for managing tax reporting and compliance within an organization. They provide innovative tax planning and prepare state and federal tax returns for companies.
Fixed income managers and tax managers have different pay scales, as shown below.
| Fixed Income Manager | Tax Manager | |
| Average salary | $118,511 | $96,100 |
| Salary range | Between $59,000 And $237,000 | Between $70,000 And $131,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Alaska | New York |
| Best paying company | Bloomberg | Meta |
| Best paying industry | Finance | Finance |
There are a few differences between a fixed income manager and a tax manager in terms of educational background:
| Fixed Income Manager | Tax Manager | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 68% |
| Most common major | Finance | Accounting |
| Most common college | University of Pennsylvania | University of Southern California |
Here are the differences between fixed income managers' and tax managers' demographics:
| Fixed Income Manager | Tax Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 74.0% Female, 26.0% | Male, 58.5% Female, 41.5% |
| 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, 63.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |