Money manager vs bank manager

The differences between money managers and bank 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 a bank manager. Additionally, a bank manager has an average salary of $96,910, 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 a bank manager are bank products, financial services, and business development.

Money manager vs bank manager overview

	Money Manager	Bank Manager
Yearly salary	$73,231	$96,910
Hourly rate	$35.21	$46.59
Growth rate	17%	17%
Number of jobs	58,982	66,136
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 59%	Bachelor's Degree, 64%
Average age	46	46
Years of experience	8	8

Money manager vs bank manager salary

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

	Money Manager	Bank Manager
Average salary	$73,231	$96,910
Salary range	Between $47,000 And $112,000	Between $65,000 And $142,000
Highest paying City	-	San Francisco, CA
Highest paying state	-	California
Best paying company	-	Accenture
Best paying industry	-	Finance

Differences between money manager and bank manager education

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

	Money Manager	Bank Manager
Most common degree	Bachelor's Degree, 59%	Bachelor's Degree, 64%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Money manager vs bank manager demographics

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

	Money Manager	Bank Manager
Average age	46	46
Gender ratio	Male, 43.5% Female, 56.5%	Male, 48.9% Female, 51.1%
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, 14.3% Asian, 10.0% White, 63.7% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between money manager and bank 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.

Bank manager example responsibilities.

Manage a portfolio in various stages of workout including liquidation, refinancing, restructure, rehabilitation, bankruptcy and litigation.
Collaborate with corporate training designers and facilitators to plan, develop and execute AML and KYC relate training.
Handle escalations in the absence of the FCM; ensure enterprise complaint tracking own resource management for the financial center.
Team up with FCM and regional recruiter in interview and hiring process.
Perform other jobs and relate projects as assigned including mentoring sales employees to exceed assign goals by Bancorp.
Monitor all banking operations according to the federal rules and regulations, including performing monthly audits, and following Bancorp standards.

Money manager vs bank 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 bank manager skills

Bank Products, 7%
Financial Services, 7%
Business Development, 6%
Secrecy, 6%
Bank Secrecy Act, 6%
Community Involvement, 5%