Institutional asset manager vs audit manager

The differences between institutional asset managers and audit 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 audit manager takes usually requires 6-8 years. Additionally, an audit manager has an average salary of $121,419, 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 audit manager are CPA, internal audit, and audit reports.

Institutional asset manager vs audit manager overview

	Institutional Asset Manager	Audit Manager
Yearly salary	$70,086	$121,419
Hourly rate	$33.70	$58.37
Growth rate	17%	17%
Number of jobs	13,659	70,168
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 67%	Bachelor's Degree, 75%
Average age	47	46
Years of experience	10	8

Institutional asset manager vs audit manager salary

Institutional asset managers and audit managers have different pay scales, as shown below.

	Institutional Asset Manager	Audit Manager
Average salary	$70,086	$121,419
Salary range	Between $41,000 And $117,000	Between $82,000 And $178,000
Highest paying City	-	Portland, ME
Highest paying state	-	Maine
Best paying company	-	Meta
Best paying industry	-	Manufacturing

Differences between institutional asset manager and audit manager education

There are a few differences between an institutional asset manager and an audit manager in terms of educational background:

	Institutional Asset Manager	Audit Manager
Most common degree	Bachelor's Degree, 67%	Bachelor's Degree, 75%
Most common major	Business	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Institutional asset manager vs audit manager demographics

Here are the differences between institutional asset managers' and audit managers' demographics:

	Institutional Asset Manager	Audit Manager
Average age	47	46
Gender ratio	Male, 55.7% Female, 44.3%	Male, 66.0% Female, 34.0%
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, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3%
LGBT Percentage	10%	11%

Differences between institutional asset manager and audit manager duties and responsibilities

Institutional asset manager example responsibilities.

Manage a portfolio in various stages of workout including liquidation, refinancing, restructure, rehabilitation, bankruptcy and litigation.
Coordinate the development and management of appropriate personnel information, management database providing seamless integration with payroll and other school functions.
Conduct weekly seminars on recruiting new members and competitive lenders.

Audit manager example responsibilities.

Manage a review for a large insurance company to ensure compliance with HIPAA law.
Manage audits in all divisions and ensure all accounting transactions are perform in accordance with GAAP.
Lead ERM development, implementation, risk assessment reviews, reporting, improvement/remediation, & continuous monitoring.
Manage quarterly reviews (10-Q) and annual audit (10-K) of two public companies as per PCAOB standards.
Manage audits of monthly closings, bank reports, cash flow, operations analysis, revenue accounting, and IPO documents.
Manage two staff accountants and Hyperion assistant/analyst.

Institutional asset manager vs audit manager skills

Common institutional asset manager skills

Patient Care, 29%
IRB, 14%
Clinical Trials, 13%
Financial Reports, 8%
CRM, 7%
Relationship Management, 7%

Common audit manager skills

CPA, 14%
Internal Audit, 6%
Audit Reports, 6%
Audit Engagements, 5%
Financial Services, 5%
Risk Management, 5%

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Institutional Asset Manager
Institutional Asset Manager vs Audit Manager

Updated January 8, 2025

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