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The differences between managers, asset management and assistant branch 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 branch manager. Additionally, a manager, asset management has an average salary of $84,570, which is higher than the $49,913 average annual salary of an assistant branch 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 branch manager are quality customer service, branch management, and excellent organizational.
| Manager, Asset Management | Assistant Branch Manager | |
| Yearly salary | $84,570 | $49,913 |
| Hourly rate | $40.66 | $24.00 |
| Growth rate | 17% | 17% |
| Number of jobs | 116,330 | 37,800 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 66% |
| 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 assistant branch manager's primary responsibility is to oversee the daily operations in their designated area, ensuring that everything is running smoothly from the workflow to the workforce. Although the tasks will vary depending on the organization or industry where one is involved, most of it will revolve around evaluating and monitoring employees' progress. Additional duties include responding to calls and inquiries, managing work schedules, and making sure that customers are satisfied with all services and transactions. Moreover, an assistant branch manager must also prioritize meeting the sales targets and staying within the allotted budget and deadlines.
Managers, asset management and assistant branch managers have different pay scales, as shown below.
| Manager, Asset Management | Assistant Branch Manager | |
| Average salary | $84,570 | $49,913 |
| Salary range | Between $49,000 And $145,000 | Between $35,000 And $70,000 |
| Highest paying City | Hartford, CT | San Francisco, CA |
| Highest paying state | Connecticut | New Jersey |
| Best paying company | Willkie Farr & Gallagher | Centennial Bank |
| Best paying industry | Finance | Transportation |
There are a few differences between a manager, asset management and an assistant branch manager in terms of educational background:
| Manager, Asset Management | Assistant Branch Manager | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between managers, asset management' and assistant branch managers' demographics:
| Manager, Asset Management | Assistant Branch Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 57.2% Female, 42.8% | Male, 45.3% Female, 54.7% |
| 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, 15.1% Asian, 8.4% White, 64.3% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |