Money manager vs branch manager

The differences between money managers and branch 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 branch manager. Additionally, a money manager has an average salary of $73,231, which is higher than the $56,291 average annual salary of a branch manager.

The top three skills for a money manager include BSA, anti-money laundering and bank secrecy act. The most important skills for a branch manager are customer satisfaction, business development, and branch management.

Money manager vs branch manager overview

	Money Manager	Branch Manager
Yearly salary	$73,231	$56,291
Hourly rate	$35.21	$27.06
Growth rate	17%	17%
Number of jobs	58,982	333,883
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 59%	Bachelor's Degree, 65%
Average age	46	46
Years of experience	8	8

Money manager vs branch manager salary

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

	Money Manager	Branch Manager
Average salary	$73,231	$56,291
Salary range	Between $47,000 And $112,000	Between $39,000 And $80,000
Highest paying City	-	Oakland, CA
Highest paying state	-	Alaska
Best paying company	-	FNB
Best paying industry	-	Professional

Differences between money manager and branch manager education

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

	Money Manager	Branch Manager
Most common degree	Bachelor's Degree, 59%	Bachelor's Degree, 65%
Most common major	Business	Business
Most common college	University of Pennsylvania	Stanford University

Money manager vs branch manager demographics

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

	Money Manager	Branch Manager
Average age	46	46
Gender ratio	Male, 43.5% Female, 56.5%	Male, 59.8% Female, 40.2%
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, 8.0% Unknown, 4.1% Hispanic or Latino, 15.4% Asian, 7.8% White, 64.3% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between money manager and branch 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.

Branch manager example responsibilities.

Manage and coordinate a high volume sales pipeline from beginning to closing while ensuring all RESPA regulations are met.
Warehouse operations plus office duties, A/P, A/R.
Support A/R, A/P, and provide data analyzation from 12 branches to assist with annual budgeting projections/forecasting.
Provide leadership for sales, customer service, operations, compliance, and ethics as branch manager of an in-store branch.
Educate staff in areas of bank secrecy, bank regulations, and internal audit policy.
Train agents and managers using office generate PowerPoint presentations, company flip charts and training videos.

Money manager vs branch 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 branch manager skills

Customer Satisfaction, 8%
Business Development, 7%
Branch Management, 5%
Human Resources, 5%
Financial Statements, 5%
Performance Management, 4%