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The differences between institutional asset managers and tax 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 a tax manager takes usually requires 6-8 years. Additionally, a tax manager has an average salary of $96,100, 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 a tax manager are CPA, client relationships, and tax planning.
| Institutional Asset Manager | Tax Manager | |
| Yearly salary | $70,086 | $96,100 |
| Hourly rate | $33.70 | $46.20 |
| Growth rate | 17% | 17% |
| Number of jobs | 13,659 | 79,204 |
| 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 tax managers have different pay scales, as shown below.
| Institutional Asset Manager | Tax Manager | |
| Average salary | $70,086 | $96,100 |
| Salary range | Between $41,000 And $117,000 | Between $70,000 And $131,000 |
| Highest paying City | - | San Francisco, CA |
| Highest paying state | - | New York |
| Best paying company | - | Meta |
| Best paying industry | - | Finance |
There are a few differences between an institutional asset manager and a tax manager in terms of educational background:
| Institutional Asset Manager | Tax Manager | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 68% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Southern California |
Here are the differences between institutional asset managers' and tax managers' demographics:
| Institutional Asset Manager | Tax Manager | |
| Average age | 47 | 46 |
| Gender ratio | Male, 55.7% Female, 44.3% | Male, 58.5% Female, 41.5% |
| 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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% White, 63.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 10% | 11% |