Money manager vs finance manager

The differences between money managers and 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 a finance manager. Additionally, a finance manager has an average salary of $101,374, 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 finance manager are financial analysis, CPA, and customer service.

Money manager vs finance manager overview

	Money Manager	Finance Manager
Yearly salary	$73,231	$101,374
Hourly rate	$35.21	$48.74
Growth rate	17%	17%
Number of jobs	58,982	125,345
Job satisfaction	-	5
Most common degree	Bachelor's Degree, 59%	Bachelor's Degree, 66%
Average age	46	46
Years of experience	8	8

Money manager vs finance manager salary

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

	Money Manager	Finance Manager
Average salary	$73,231	$101,374
Salary range	Between $47,000 And $112,000	Between $71,000 And $144,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	Barclays
Best paying industry	-	Finance

Differences between money manager and finance manager education

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

	Money Manager	Finance Manager
Most common degree	Bachelor's Degree, 59%	Bachelor's Degree, 66%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Money manager vs finance manager demographics

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

	Money Manager	Finance Manager
Average age	46	46
Gender ratio	Male, 43.5% Female, 56.5%	Male, 60.0% Female, 40.0%
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, 14.6% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between money manager and 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.

Finance manager example responsibilities.

Manage the preparation of monthly reporting packs and board presentations with robust variance analysis, commentaries and forward looking KPIs.
Manage a team of sales persons, business managers, sales manager, A/R, A/P, and general managers.
Lead successful sales team and provide direct oversight on overall dealership business profitability.
Manage accounts payable/receivable, deposits, payroll preparation, purchasing and inventory management, liaison to accountant.
Oversee financial analysis, financial audits, G/L, A/R, A/P and fixed-asset accounting in accordance with GAAP standards.
Execute simple SQL queries to validate data in tables.

Money manager vs 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 finance manager skills

Financial Analysis, 7%
CPA, 7%
Customer Service, 6%
Hyperion, 4%
Financial Models, 4%
Strong Analytical, 4%