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The differences between fixed income portfolio 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 portfolio manager and an audit manager. Additionally, an audit manager has an average salary of $121,419, which is higher than the $111,730 average annual salary of a fixed income portfolio manager.
The top three skills for a fixed income portfolio manager include fixed income, macro and risk management. The most important skills for an audit manager are CPA, internal audit, and audit reports.
| Fixed Income Portfolio Manager | Audit Manager | |
| Yearly salary | $111,730 | $121,419 |
| Hourly rate | $53.72 | $58.37 |
| Growth rate | 17% | 17% |
| Number of jobs | 35,865 | 70,168 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 75% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A fixed income portfolio manager must be able to work closely with their clients to achieve the best cash flows for their best interest. They implement strategies that can help in increasing their client's profits from their fixed-income investments. They also select, monitor, and analyze securities that may help in ensuring benefits for their clients. They also help their client understand the various tax restrictions applicable to every client portfolio so that each goal is achieved.
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 portfolio managers and audit managers have different pay scales, as shown below.
| Fixed Income Portfolio Manager | Audit Manager | |
| Average salary | $111,730 | $121,419 |
| Salary range | Between $59,000 And $210,000 | Between $82,000 And $178,000 |
| Highest paying City | San Francisco, CA | Portland, ME |
| Highest paying state | Alaska | Maine |
| Best paying company | MUFG EMEA | Meta |
| Best paying industry | Health Care | Manufacturing |
There are a few differences between a fixed income portfolio manager and an audit manager in terms of educational background:
| Fixed Income Portfolio Manager | Audit Manager | |
| Most common degree | Bachelor's Degree, 74% | 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 portfolio managers' and audit managers' demographics:
| Fixed Income Portfolio Manager | Audit Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 81.7% Female, 18.3% | Male, 66.0% Female, 34.0% |
| Race ratio | Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.6% Asian, 10.2% White, 63.1% 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% |