Money manager vs manager

The differences between money managers and managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become a money manager, becoming a manager takes usually requires 4-6 years. Additionally, a money manager has an average salary of $73,231, which is higher than the $58,651 average annual salary of a manager.

The top three skills for a money manager include BSA, anti-money laundering and bank secrecy act. The most important skills for a manager are customer service, payroll, and food safety.

Money manager vs manager overview

	Money Manager	Manager
Yearly salary	$73,231	$58,651
Hourly rate	$35.21	$28.20
Growth rate	17%	6%
Number of jobs	58,982	1,236,194
Job satisfaction	-	4.57
Most common degree	Bachelor's Degree, 59%	Bachelor's Degree, 49%
Average age	46	44
Years of experience	8	6

Money manager vs manager salary

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

	Money Manager	Manager
Average salary	$73,231	$58,651
Salary range	Between $47,000 And $112,000	Between $37,000 And $92,000
Highest paying City	-	-
Highest paying state	-	New Jersey
Best paying company	-	-
Best paying industry	-	Finance

Differences between money manager and manager education

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

	Money Manager	Manager
Most common degree	Bachelor's Degree, 59%	Bachelor's Degree, 49%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Money manager vs manager demographics

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

	Money Manager	Manager
Average age	46	44
Gender ratio	Male, 43.5% Female, 56.5%	Male, 51.0% Female, 49.0%
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, 6.3% Unknown, 4.3% Hispanic or Latino, 15.5% Asian, 6.4% White, 67.0% American Indian and Alaska Native, 0.5%
LGBT Percentage	11%	10%

Differences between money manager and 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.

Manager example responsibilities.

Manage both BOH and FOH operations exceeding company specifications.
Manage logistics and security for high net worth individuals and corporations.
Manage budgets and payroll records, review financial transactions to assure expenditures are authorize and budget.
Guide and manage the administrative day-to-day academic program and the implementation of strategies by providing leadership to faculty and staff.
Provide leadership and direction to facility management and program owners while motivating and interacting with employees to achieve continuous improvement.
Customer-Orient with experience with POS systems, food preparation and safety regulations.

Money manager vs 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 manager skills

Customer Service, 19%
Payroll, 9%
Food Safety, 8%
Financial Statements, 4%
Management, 4%
PowerPoint, 4%