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The differences between lead portfolio managers and tax 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 a tax manager. Additionally, a lead portfolio manager has an average salary of $131,603, which is higher than the $96,100 average annual salary of a tax manager.
The top three skills for a lead portfolio manager include project management, financial models and customer satisfaction. The most important skills for a tax manager are CPA, client relationships, and tax planning.
| Lead Portfolio Manager | Tax Manager | |
| Yearly salary | $131,603 | $96,100 |
| Hourly rate | $63.27 | $46.20 |
| Growth rate | 17% | 17% |
| Number of jobs | 36,712 | 79,204 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 68% |
| 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.
A Tax Manager is responsible for managing tax reporting and compliance within an organization. They provide innovative tax planning and prepare state and federal tax returns for companies.
Lead portfolio managers and tax managers have different pay scales, as shown below.
| Lead Portfolio Manager | Tax Manager | |
| Average salary | $131,603 | $96,100 |
| Salary range | Between $83,000 And $207,000 | Between $70,000 And $131,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Alaska | New York |
| Best paying company | Deutsche Bank | Meta |
| Best paying industry | Pharmaceutical | Finance |
There are a few differences between a lead portfolio manager and a tax manager in terms of educational background:
| Lead Portfolio Manager | Tax Manager | |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 68% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Southern California |
Here are the differences between lead portfolio managers' and tax managers' demographics:
| Lead Portfolio Manager | Tax Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 69.0% Female, 31.0% | Male, 58.5% Female, 41.5% |
| 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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% White, 63.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |