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The differences between mutual fund managers and managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 8-10 years to become a mutual fund manager, becoming a manager takes usually requires 4-6 years. Additionally, a mutual fund manager has an average salary of $68,537, which is higher than the $58,651 average annual salary of a manager.
The top three skills for a mutual fund manager include financial reports, portfolio and payroll. The most important skills for a manager are customer service, payroll, and food safety.
| Mutual Fund Manager | Manager | |
| Yearly salary | $68,537 | $58,651 |
| Hourly rate | $32.95 | $28.20 |
| Growth rate | 17% | 6% |
| Number of jobs | 4,926 | 1,236,194 |
| Job satisfaction | - | 4.57 |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 49% |
| Average age | 47 | 44 |
| Years of experience | 10 | 6 |
A mutual fund manager implements a company's investing strategy and manages its portfolio trading activities. The responsibilities of this position include picking which assets will be purchased, managing analysts, conducting research on investment opportunities, and overseeing mutual funds or pensions. Any person interested in this position needs significant management experience, knowledge of financial markets, and a finance-related professional certification.
Managers are responsible for a specific department, function, or employee group. They oversee their assigned departments and all the employees under the department. Managers are responsible that the department they are handling is functioning well. They set the department goals and the steps they must take to achieve the goals. They are also in charge of assessing the performance of their departments and their employees. Additionally, managers are responsible for interviewing prospective candidates for department vacancies and assessing their fit to the needs of the department. Managers also set the general working environment in the department, and they are expected to ensure that their employees remain motivated.
Mutual fund managers and managers have different pay scales, as shown below.
| Mutual Fund Manager | Manager | |
| Average salary | $68,537 | $58,651 |
| Salary range | Between $34,000 And $137,000 | Between $37,000 And $92,000 |
| Highest paying City | New York, NY | - |
| Highest paying state | Alaska | New Jersey |
| Best paying company | University of Maryland Medical System | - |
| Best paying industry | Finance | Finance |
There are a few differences between a mutual fund manager and a manager in terms of educational background:
| Mutual Fund Manager | Manager | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 49% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between mutual fund managers' and managers' demographics:
| Mutual Fund Manager | Manager | |
| Average age | 47 | 44 |
| Gender ratio | Male, 55.2% Female, 44.8% | Male, 51.0% Female, 49.0% |
| Race ratio | Black or African American, 7.5% Unknown, 4.7% Hispanic or Latino, 12.6% Asian, 8.9% White, 65.7% American Indian and Alaska Native, 0.7% | 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 | 10% | 10% |