Money manager vs administrative & finance manager

The differences between money managers and administrative & 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 money manager and an administrative & finance manager. Additionally, an administrative & finance manager has an average salary of $76,989, which is higher than the $73,231 average annual salary of a money manager.

The top three skills for a money manager include BSA, anti-money laundering and bank secrecy act. The most important skills for an administrative & finance manager are payroll processing, human resources, and oversight.

Money manager vs administrative & finance manager overview

	Money Manager	Administrative & Finance Manager
Yearly salary	$73,231	$76,989
Hourly rate	$35.21	$37.01
Growth rate	17%	17%
Number of jobs	58,982	143,109
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 59%	Bachelor's Degree, 63%
Average age	46	46
Years of experience	8	8

Money manager vs administrative & finance manager salary

Money managers and administrative & finance managers have different pay scales, as shown below.

	Money Manager	Administrative & Finance Manager
Average salary	$73,231	$76,989
Salary range	Between $47,000 And $112,000	Between $55,000 And $107,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	Meta
Best paying industry	-	Insurance

Differences between money manager and administrative & finance manager education

There are a few differences between a money manager and an administrative & finance manager in terms of educational background:

	Money Manager	Administrative & Finance Manager
Most common degree	Bachelor's Degree, 59%	Bachelor's Degree, 63%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Money manager vs administrative & finance manager demographics

Here are the differences between money managers' and administrative & finance managers' demographics:

	Money Manager	Administrative & Finance Manager
Average age	46	46
Gender ratio	Male, 43.5% Female, 56.5%	Male, 50.7% Female, 49.3%
Race ratio	Black or African American, 7.4% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 64.0% American Indian and Alaska Native, 0.3%	Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 10.1% White, 63.5% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between money manager and administrative & finance manager duties and responsibilities

Money manager example responsibilities.

Decrease manual processing time by successfully managing the implementation of a new software system for the BSA unit.
Assist clients with addressing BSA, AML & OFAC requirements resulting from regulatory actions against the clients.
Process fundamental and technical analysis for strategic trading of equities.
Assist in implementing effective procedures for the ACH department.
Perform daily vault balancing, ATM servicing and transaction approvals.
Review portfolio positioning and investment results with clients, consultants, and prospects.

Administrative & finance manager example responsibilities.

Manage payroll and organizational projects using QuickBooks for non-profits.
Process bi-weekly payroll utilizing QuickBooks and manage financial and clinical performance.
Manage accounts payable/receivable, deposits, payroll preparation, purchasing and inventory management, liaison to accountant.
Prepare monthly and annual financial statements along with supporting schedules resulting in minimal follow up by external CPA's.
Work closely with the CPA firm to ensure proper income tax filing and keep the company books flowing smoothly.
Direct ERP system implementation, establish beginning balances and database information, and train users on applications and requirements.

Money manager vs administrative & finance manager skills

Common money manager skills

BSA, 18%
Anti-Money Laundering, 15%
Bank Secrecy Act, 11%
OFAC, 9%
Transaction Monitoring, 8%
Risk Management, 7%

Common administrative & finance manager skills

Payroll Processing, 10%
Human Resources, 7%
Oversight, 7%
Administrative Procedures, 6%
Financial Management, 5%
Financial Analysis, 5%

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Money Manager
Money Manager vs Administrative & Finance Manager

Updated January 8, 2025

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