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The differences between managers, asset management and asset 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 manager, asset management and an asset manager. Additionally, an asset manager has an average salary of $85,814, which is higher than the $84,570 average annual salary of a manager, asset management.
The top three skills for a manager, asset management include asset management, process improvement and patient care. The most important skills for an asset manager are asset management, financial statements, and property management.
| Manager, Asset Management | Asset Manager | |
| Yearly salary | $84,570 | $85,814 |
| Hourly rate | $40.66 | $41.26 |
| Growth rate | 17% | 17% |
| Number of jobs | 116,330 | 64,732 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 68% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A manager of asset management specializes in performing research and analysis to identify ideal asset investments for clients such as stocks, bonds, real estate, and other commodities. Their responsibilities revolve around liaising with clients to identify their needs and long-term goals, trading and managing investments upon clients' request or approval, assisting and monitoring asset acquisition, conducting risk analyses and assessments, and managing portfolios. Furthermore, as a manager, it is essential to lead and encourage the asset management team to reach goals, all while adhering to the company and clients' vision and mission.
An asset manager is responsible for advising clients with their investment preferences and financial goals based on their assets' quantity and value. Asset managers regularly meet with their clients regarding their asset management's progress, recommending more investment options and considering the clients' needs. They manage financial portfolios and prepare stock market reports and forecasts as needed. An asset manager must have a broad knowledge of the financial industry and investment processes, identifying profit opportunities for long-term investment objectives.
Managers, asset management and asset managers have different pay scales, as shown below.
| Manager, Asset Management | Asset Manager | |
| Average salary | $84,570 | $85,814 |
| Salary range | Between $49,000 And $145,000 | Between $59,000 And $123,000 |
| Highest paying City | Hartford, CT | New York, NY |
| Highest paying state | Connecticut | New York |
| Best paying company | Willkie Farr & Gallagher | Deutsche Bank |
| Best paying industry | Finance | Finance |
There are a few differences between a manager, asset management and an asset manager in terms of educational background:
| Manager, Asset Management | Asset Manager | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between managers, asset management' and asset managers' demographics:
| Manager, Asset Management | Asset Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 57.2% Female, 42.8% | Male, 64.3% Female, 35.7% |
| Race ratio | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 10.1% White, 63.6% American Indian and Alaska Native, 0.3% | Black or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.0% Asian, 8.9% White, 63.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |