Manager, asset management vs tax manager

The differences between managers, asset management and tax 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 tax manager. Additionally, a tax manager has an average salary of $96,100, 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 tax manager are CPA, client relationships, and tax planning.

Manager, asset management vs tax manager overview

	Manager, Asset Management	Tax Manager
Yearly salary	$84,570	$96,100
Hourly rate	$40.66	$46.20
Growth rate	17%	17%
Number of jobs	116,330	79,204
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 64%	Bachelor's Degree, 68%
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 tax manager do?

A Tax Manager is responsible for managing tax reporting and compliance within an organization. They provide innovative tax planning and prepare state and federal tax returns for companies.

Manager, asset management vs tax manager salary

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

	Manager, Asset Management	Tax Manager
Average salary	$84,570	$96,100
Salary range	Between $49,000 And $145,000	Between $70,000 And $131,000
Highest paying City	Hartford, CT	San Francisco, CA
Highest paying state	Connecticut	New York
Best paying company	Willkie Farr & Gallagher	Meta
Best paying industry	Finance	Finance

Differences between manager, asset management and tax manager education

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

	Manager, Asset Management	Tax Manager
Most common degree	Bachelor's Degree, 64%	Bachelor's Degree, 68%
Most common major	Business	Accounting
Most common college	University of Pennsylvania	University of Southern California

Manager, asset management vs tax manager demographics

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

	Manager, Asset Management	Tax Manager
Average age	46	46
Gender ratio	Male, 57.2% Female, 42.8%	Male, 58.5% Female, 41.5%
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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% White, 63.8% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between manager, asset management and tax 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.

Tax manager example responsibilities.

Test and learned to analyze accounting processes managing SOX testing including accumulating documentation and reviewing other testers work.
Perform tax provision review to ensure compliance with ASC 740 and ASC 740-10 for public trade companies and private companies.
Pull data and work with Hyperion.
Used Lexis Nexis, RIA, and CCH to research multiple tax projects.
Prepare and review ASC 740 tax balances for the company s fifteen largest foreign subsidiaries.
Calculate, prepare and submit quarterly estimate payments without need for review from third party CPA.

Manager, asset management vs tax 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 tax manager skills

CPA, 16%
Client Relationships, 7%
Tax Planning, 6%
Tax Compliance, 5%
Taxation, 4%
Tax Research, 4%

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Executive Management Industry
Manager, Asset Management
Manager, Asset Management vs Tax Manager

Updated January 8, 2025

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