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The differences between institutional asset managers and asset managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 8-10 years to become an institutional asset manager, 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 $70,086 average annual salary of an institutional asset manager.
The top three skills for an institutional asset manager include patient care, IRB and clinical trials. The most important skills for an asset manager are asset management, financial statements, and property management.
| Institutional Asset Manager | Asset Manager | |
| Yearly salary | $70,086 | $85,814 |
| Hourly rate | $33.70 | $41.26 |
| Growth rate | 17% | 17% |
| Number of jobs | 13,659 | 64,732 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 68% |
| Average age | 47 | 46 |
| Years of experience | 10 | 8 |
Institutional asset managers and asset managers have different pay scales, as shown below.
| Institutional Asset Manager | Asset Manager | |
| Average salary | $70,086 | $85,814 |
| Salary range | Between $41,000 And $117,000 | Between $59,000 And $123,000 |
| Highest paying City | - | New York, NY |
| Highest paying state | - | New York |
| Best paying company | - | Deutsche Bank |
| Best paying industry | - | Finance |
There are a few differences between an institutional asset manager and an asset manager in terms of educational background:
| Institutional Asset Manager | Asset Manager | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between institutional asset managers' and asset managers' demographics:
| Institutional Asset Manager | Asset Manager | |
| Average age | 47 | 46 |
| Gender ratio | Male, 55.7% Female, 44.3% | Male, 64.3% Female, 35.7% |
| Race ratio | Black or African American, 7.5% Unknown, 4.7% Hispanic or Latino, 12.6% Asian, 8.9% White, 65.6% American Indian and Alaska Native, 0.7% | 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% |