Manager, asset management vs audit manager

The differences between managers, asset management 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 manager, asset management and an audit manager. Additionally, an audit manager has an average salary of $121,419, 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 audit manager are CPA, internal audit, and audit reports.

Manager, asset management vs audit manager overview

	Manager, Asset Management	Audit Manager
Yearly salary	$84,570	$121,419
Hourly rate	$40.66	$58.37
Growth rate	17%	17%
Number of jobs	116,330	70,168
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 64%	Bachelor's Degree, 75%
Average age	46	46
Years of experience	8	8

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 audit manager do?

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.

Manager, asset management vs audit manager salary

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

	Manager, Asset Management	Audit Manager
Average salary	$84,570	$121,419
Salary range	Between $49,000 And $145,000	Between $82,000 And $178,000
Highest paying City	Hartford, CT	Portland, ME
Highest paying state	Connecticut	Maine
Best paying company	Willkie Farr & Gallagher	Meta
Best paying industry	Finance	Manufacturing

Differences between manager, asset management and audit manager education

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

	Manager, Asset Management	Audit Manager
Most common degree	Bachelor's Degree, 64%	Bachelor's Degree, 75%
Most common major	Business	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Manager, asset management vs audit manager demographics

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

	Manager, Asset Management	Audit Manager
Average age	46	46
Gender ratio	Male, 57.2% Female, 42.8%	Male, 66.0% Female, 34.0%
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, 7.6% 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%

Differences between manager, asset management and audit 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.

Audit manager example responsibilities.

Manage a review for a large insurance company to ensure compliance with HIPAA law.
Manage audits in all divisions and ensure all accounting transactions are perform in accordance with GAAP.
Lead ERM development, implementation, risk assessment reviews, reporting, improvement/remediation, & continuous monitoring.
Manage quarterly reviews (10-Q) and annual audit (10-K) of two public companies as per PCAOB standards.
Manage audits of monthly closings, bank reports, cash flow, operations analysis, revenue accounting, and IPO documents.
Manage two staff accountants and Hyperion assistant/analyst.

Manager, asset management vs audit 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 audit manager skills

CPA, 14%
Internal Audit, 6%
Audit Reports, 6%
Audit Engagements, 5%
Financial Services, 5%
Risk Management, 5%

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Manager, Asset Management
Manager, Asset Management vs Audit Manager

Updated January 8, 2025

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