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The differences between general managers/partner and asset managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a general manager/partner, becoming an asset manager takes usually requires 6-8 years. Additionally, an asset manager has an average salary of $85,814, which is higher than the $85,061 average annual salary of a general manager/partner.
The top three skills for a general manager/partner include customer service, business development and financial statements. The most important skills for an asset manager are asset management, financial statements, and property management.
| General Manager/Partner | Asset Manager | |
| Yearly salary | $85,061 | $85,814 |
| Hourly rate | $40.89 | $41.26 |
| Growth rate | 6% | 17% |
| Number of jobs | 279,155 | 64,732 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 68% |
| Average age | 44 | 46 |
| Years of experience | 6 | 8 |
A general manager/partner of any organization has many roles to perform. Depending on the industry they work in, they may be in charge of the management of operations, logistics, or maintenance. They also create an overall budget for every project. They are required to monitor budgets and payroll records and to review financial transactions.
An asset manager is responsible for advising clients with their investment preferences and financial goals based on their assets' quantity and value. Asset managers regularly meet with their clients regarding their asset management's progress, recommending more investment options and considering the clients' needs. They manage financial portfolios and prepare stock market reports and forecasts as needed. An asset manager must have a broad knowledge of the financial industry and investment processes, identifying profit opportunities for long-term investment objectives.
General managers/partner and asset managers have different pay scales, as shown below.
| General Manager/Partner | Asset Manager | |
| Average salary | $85,061 | $85,814 |
| Salary range | Between $32,000 And $220,000 | Between $59,000 And $123,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Meta | Deutsche Bank |
| Best paying industry | - | Finance |
There are a few differences between a general manager/partner and an asset manager in terms of educational background:
| General Manager/Partner | Asset Manager | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between general managers/partner' and asset managers' demographics:
| General Manager/Partner | Asset Manager | |
| Average age | 44 | 46 |
| Gender ratio | Male, 84.5% Female, 15.5% | Male, 64.3% Female, 35.7% |
| Race ratio | Black or African American, 6.2% Unknown, 4.3% Hispanic or Latino, 15.2% Asian, 6.4% White, 67.5% American Indian and Alaska Native, 0.5% | Black or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.0% Asian, 8.9% White, 63.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 10% | 11% |