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The differences between lead managers and underwriters can be seen in a few details. Each job has different responsibilities and duties. Additionally, a lead manager has an average salary of $101,883, which is higher than the $61,751 average annual salary of an underwriter.
The top three skills for a lead manager include safety procedures, sales floor and gross margin. The most important skills for an underwriter are customer service, investor guidelines, and mortgage loans.
| Lead Manager | Underwriter | |
| Yearly salary | $101,883 | $61,751 |
| Hourly rate | $48.98 | $29.69 |
| Growth rate | 6% | -4% |
| Number of jobs | 385,395 | 8,510 |
| Job satisfaction | - | 3 |
| Most common degree | Bachelor's Degree, 52% | Bachelor's Degree, 66% |
| Average age | 44 | 44 |
| Years of experience | 6 | - |
A lead manager is primarily in charge of overseeing the progress of a particular office or department. Although the responsibilities will vary depending on their industry, it will typically revolve around producing progress reports, reviewing documentation and transactions, managing the budget, procuring supplies, and devising strategies to generate leads and reach goals faster. Furthermore, as a lead manager, it is essential to spearhead projects and encourage staff, all while implementing the company's policies and regulations.
An underwriter's duties depend on the line of work or industry involved, such as mortgage companies, insurance, or lending firms. However, an Underwriter's responsibility will mainly revolve around using their extensive expertise on how a company will achieve financial gains, and assessing the possible financial risks of a client by reviewing various aspects to determine their capacity to uphold monetary obligations. Most of the time, the Underwriter's tasks will also involve evaluating a client's credit history, health, assets, overall financial history.
Lead managers and underwriters have different pay scales, as shown below.
| Lead Manager | Underwriter | |
| Average salary | $101,883 | $61,751 |
| Salary range | Between $73,000 And $140,000 | Between $39,000 And $96,000 |
| Highest paying City | New York, NY | Boston, MA |
| Highest paying state | Alaska | Massachusetts |
| Best paying company | Trulia | |
| Best paying industry | Retail | Manufacturing |
There are a few differences between a lead manager and an underwriter in terms of educational background:
| Lead Manager | Underwriter | |
| Most common degree | Bachelor's Degree, 52% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between lead managers' and underwriters' demographics:
| Lead Manager | Underwriter | |
| Average age | 44 | 44 |
| Gender ratio | Male, 54.2% Female, 45.8% | Male, 38.4% Female, 61.6% |
| Race ratio | Black or African American, 6.2% Unknown, 4.3% Hispanic or Latino, 15.2% Asian, 6.4% White, 67.4% American Indian and Alaska Native, 0.5% | Black or African American, 9.2% Unknown, 2.5% Hispanic or Latino, 9.6% Asian, 5.6% White, 72.7% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 10% | 9% |