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Manager, asset management vs assistant account manager

The differences between managers, asset management and assistant account 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 assistant account manager. Additionally, a manager, asset management has an average salary of $84,570, which is higher than the $45,905 average annual salary of an assistant account manager.

The top three skills for a manager, asset management include asset management, process improvement and patient care. The most important skills for an assistant account manager are HR, emergency situations, and account management.

Manager, asset management vs assistant account manager overview

Manager, Asset ManagementAssistant Account Manager
Yearly salary$84,570$45,905
Hourly rate$40.66$22.07
Growth rate17%17%
Number of jobs116,330115,363
Job satisfaction--
Most common degreeBachelor's Degree, 64%Bachelor's Degree, 62%
Average age4646
Years of experience88

What does a manager, asset management do?

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.

What does an assistant account manager do?

An assistant account manager is in charge of performing clerical support tasks for account managers. Their responsibilities revolve around preparing and processing documents, answering calls and correspondence, taking part in managing schedules and budgets, arranging meetings and appointments, and performing research and analysis to identify new business opportunities. They may also pursue sales leads, reaching out to clients to offer products or services. Furthermore, as an assistant account manager, it is essential to lead and encourage the workforce to reach goals, all while implementing the company's policies and regulations.

Manager, asset management vs assistant account manager salary

Managers, asset management and assistant account managers have different pay scales, as shown below.

Manager, Asset ManagementAssistant Account Manager
Average salary$84,570$45,905
Salary rangeBetween $49,000 And $145,000Between $31,000 And $66,000
Highest paying CityHartford, CTToms River, NJ
Highest paying stateConnecticutNew Jersey
Best paying companyWillkie Farr & GallagherElanco
Best paying industryFinanceProfessional

Differences between manager, asset management and assistant account manager education

There are a few differences between a manager, asset management and an assistant account manager in terms of educational background:

Manager, Asset ManagementAssistant Account Manager
Most common degreeBachelor's Degree, 64%Bachelor's Degree, 62%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Manager, asset management vs assistant account manager demographics

Here are the differences between managers, asset management' and assistant account managers' demographics:

Manager, Asset ManagementAssistant Account Manager
Average age4646
Gender ratioMale, 57.2% Female, 42.8%Male, 40.4% Female, 59.6%
Race ratioBlack 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, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.2% White, 63.3% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between manager, asset management and assistant account manager duties and responsibilities

Manager, asset management example responsibilities.

  • Manage a $60MM budget including the direct management and oversight of multiple performing suppliers.
  • Lead process-engineering staff, responsible for creating and enhancing end-to-end SDLC business process for provisioning and network operations.
  • Manage all client communications including scheduling and management of governance meetings, status reporting and knowledge management activities using SharePoint.
  • Create various Hyperion reports and presentation decks for management teams.
  • Assist in determining appropriate level of revenue recognition in accordance with GAAP.
  • Maintain system controls, supervise and groom accounting teams to make sure they stay GAAP compliant.
  • Show more

Assistant account manager example responsibilities.

  • Capitalize on strong organizational and interpersonal skills to expertly manage the regional provider enrollment system for Medicare and Medicaid memberships.
  • Prepare account reconciliations, investigate differences and conduct expense analysis and maintain the company's fix assets system.
  • Allocate revenue of sales, cash flow, inflow and outflow, wire transfers to ensure compliance with GAAP accounting standards.
  • Full responsibility accounting including month end/year end close, reconciliations, budgets, forecasts and performance management.
  • Work closely with CPA firm on annual tax filings.
  • Submit product return claims through documentation and EDI transmissions.
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Manager, asset management vs assistant account manager skills

Common manager, asset management skills
  • Asset Management, 12%
  • Process Improvement, 7%
  • Patient Care, 6%
  • Direct Reports, 6%
  • Oversight, 5%
  • Project Management, 5%
Common assistant account manager skills
  • HR, 25%
  • Emergency Situations, 24%
  • Account Management, 6%
  • Insurance Policies, 4%
  • Quality Customer Service, 4%
  • Financial Statements, 4%

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