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The differences between lead portfolio managers and audit managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a lead portfolio manager and an audit manager. Additionally, a lead portfolio manager has an average salary of $131,603, which is higher than the $121,419 average annual salary of an audit manager.
The top three skills for a lead portfolio manager include project management, financial models and customer satisfaction. The most important skills for an audit manager are CPA, internal audit, and audit reports.
| Lead Portfolio Manager | Audit Manager | |
| Yearly salary | $131,603 | $121,419 |
| Hourly rate | $63.27 | $58.37 |
| Growth rate | 17% | 17% |
| Number of jobs | 36,712 | 70,168 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 75% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A portfolio manager can be called a wealth manager responsible for developing and managing investment allocation for different clients. Their focus is on the critical aspect of investing money. Often, they work with individuals to assess and determine what strategy will be done for investment. They are the one who creates an investment package according to what the clients want. Also, this career provides security and protection for clients to ensure the return of investment.
An audit manager is responsible for the complete audit process of finances in an organization. They work for banks and report directly to the audit committee. Based on findings gathered, a financial institution can gain vision into their variance and overall performance. They are also responsible for scheduling audits, initiating departmental audits, consolidation, and analysis of audit reports, and reviewing accounting procedures. Moreover, part of their tasks is to create audit finding presentations to be presented to the audit committee. It requires a high amount of accountability to be an effective audit manager.
Lead portfolio managers and audit managers have different pay scales, as shown below.
| Lead Portfolio Manager | Audit Manager | |
| Average salary | $131,603 | $121,419 |
| Salary range | Between $83,000 And $207,000 | Between $82,000 And $178,000 |
| Highest paying City | San Francisco, CA | Portland, ME |
| Highest paying state | Alaska | Maine |
| Best paying company | Deutsche Bank | Meta |
| Best paying industry | Pharmaceutical | Manufacturing |
There are a few differences between a lead portfolio manager and an audit manager in terms of educational background:
| Lead Portfolio Manager | Audit Manager | |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 75% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between lead portfolio managers' and audit managers' demographics:
| Lead Portfolio Manager | Audit Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 69.0% Female, 31.0% | Male, 66.0% Female, 34.0% |
| Race ratio | Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.1% White, 63.4% American Indian and Alaska Native, 0.3% | 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 | 11% | 11% |