Manager, asset management vs finance manager

The differences between managers, asset management and finance 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 a finance manager. Additionally, a finance manager has an average salary of $101,374, 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 a finance manager are financial analysis, CPA, and customer service.

Manager, asset management vs finance manager overview

	Manager, Asset Management	Finance Manager
Yearly salary	$84,570	$101,374
Hourly rate	$40.66	$48.74
Growth rate	17%	17%
Number of jobs	116,330	125,345
Job satisfaction	-	5
Most common degree	Bachelor's Degree, 64%	Bachelor's Degree, 66%
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 a finance manager do?

A finance manager is responsible for monitoring the financial system of a company. Their tasks include handling their organization's financial status, generating cost estimates and budget goals, identifying business opportunities to increase revenues and profitability, improving financial strategies, reducing costs, analyzing account statements, processing invoice as needed, analyzing market trends, searching potential partnerships, and presenting reports. A finance manager must have excellent analytical skills and knowledge of the accounting and financial industry. They are responsible for providing the best recommendations for the organization's growth.

Manager, asset management vs finance manager salary

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

	Manager, Asset Management	Finance Manager
Average salary	$84,570	$101,374
Salary range	Between $49,000 And $145,000	Between $71,000 And $144,000
Highest paying City	Hartford, CT	New York, NY
Highest paying state	Connecticut	New York
Best paying company	Willkie Farr & Gallagher	Barclays
Best paying industry	Finance	Finance

Differences between manager, asset management and finance manager education

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

	Manager, Asset Management	Finance Manager
Most common degree	Bachelor's Degree, 64%	Bachelor's Degree, 66%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Manager, asset management vs finance manager demographics

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

	Manager, Asset Management	Finance Manager
Average age	46	46
Gender ratio	Male, 57.2% Female, 42.8%	Male, 60.0% Female, 40.0%
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, 14.6% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between manager, asset management and finance 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.

Finance manager example responsibilities.

Manage the preparation of monthly reporting packs and board presentations with robust variance analysis, commentaries and forward looking KPIs.
Manage a team of sales persons, business managers, sales manager, A/R, A/P, and general managers.
Lead successful sales team and provide direct oversight on overall dealership business profitability.
Manage accounts payable/receivable, deposits, payroll preparation, purchasing and inventory management, liaison to accountant.
Oversee financial analysis, financial audits, G/L, A/R, A/P and fixed-asset accounting in accordance with GAAP standards.
Execute simple SQL queries to validate data in tables.

Manager, asset management vs finance 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 finance manager skills

Financial Analysis, 7%
CPA, 7%
Customer Service, 6%
Hyperion, 4%
Financial Models, 4%
Strong Analytical, 4%

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Manager, Asset Management
Manager, Asset Management vs Finance Manager

Updated January 8, 2025

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