Money manager vs audit manager

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

Money manager vs audit manager overview

	Money Manager	Audit Manager
Yearly salary	$73,231	$121,419
Hourly rate	$35.21	$58.37
Growth rate	17%	17%
Number of jobs	58,982	70,168
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 59%	Bachelor's Degree, 75%
Average age	46	46
Years of experience	8	8

Money manager vs audit manager salary

Money managers and audit managers have different pay scales, as shown below.

	Money Manager	Audit Manager
Average salary	$73,231	$121,419
Salary range	Between $47,000 And $112,000	Between $82,000 And $178,000
Highest paying City	-	Portland, ME
Highest paying state	-	Maine
Best paying company	-	Meta
Best paying industry	-	Manufacturing

Differences between money manager and audit manager education

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

	Money Manager	Audit Manager
Most common degree	Bachelor's Degree, 59%	Bachelor's Degree, 75%
Most common major	Business	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Money manager vs audit manager demographics

Here are the differences between money managers' and audit managers' demographics:

	Money Manager	Audit Manager
Average age	46	46
Gender ratio	Male, 43.5% Female, 56.5%	Male, 66.0% Female, 34.0%
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, 7.6% 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 money manager and audit 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.

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.

Money manager vs audit 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 audit manager skills

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