Payroll manager vs paymaster

The differences between payroll managers and paymasters can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a payroll manager and a paymaster. Additionally, a payroll manager has an average salary of $86,147, which is higher than the $69,234 average annual salary of a paymaster.

The top three skills for a payroll manager include customer service, human resources and payroll system. The most important skills for a paymaster are ADP, payroll processing, and payroll system.

Payroll manager vs paymaster overview

	Payroll Manager	Paymaster
Yearly salary	$86,147	$69,234
Hourly rate	$41.42	$33.29
Growth rate	-3%	-3%
Number of jobs	6,972	668
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 57%	Bachelor's Degree, 57%
Average age	48	48
Years of experience	4	4

Payroll manager vs paymaster salary

Payroll managers and paymasters have different pay scales, as shown below.

	Payroll Manager	Paymaster
Average salary	$86,147	$69,234
Salary range	Between $63,000 And $117,000	Between $41,000 And $115,000
Highest paying City	San Francisco, CA	-
Highest paying state	California	-
Best paying company	Ep Energy	-
Best paying industry	Finance	-

Differences between payroll manager and paymaster education

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

	Payroll Manager	Paymaster
Most common degree	Bachelor's Degree, 57%	Bachelor's Degree, 57%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Payroll manager vs paymaster demographics

Here are the differences between payroll managers' and paymasters' demographics:

	Payroll Manager	Paymaster
Average age	48	48
Gender ratio	Male, 22.0% Female, 78.0%	Male, 27.8% Female, 72.2%
Race ratio	Black or African American, 9.9% Unknown, 6.1% Hispanic or Latino, 18.6% Asian, 6.1% White, 57.8% American Indian and Alaska Native, 1.5%	Black or African American, 8.9% Unknown, 6.1% Hispanic or Latino, 18.9% Asian, 6.1% White, 58.5% American Indian and Alaska Native, 1.5%
LGBT Percentage	10%	10%

Differences between payroll manager and paymaster duties and responsibilities

Payroll manager example responsibilities.

Manage accounting and finance operations including A/R, A/P and general accounting, etc.
Manage annual W2 reconciliation and distribution.
Manage expatriates compensation packages and taxation.
Coordinate department conversion of manual payroll system to KRONOS automate time and attendance system.
Save the company $5,500 by learning ADP and creating payroll accruals and profiles to accurately record employee PTO time profiles.
Process payroll utilizing ADP payroll system

Paymaster example responsibilities.

Manage annual professional liability in PeopleSoft for faculty and fellows.
Assist in month end process including accruals and payroll journals.
Create and maintain record of expenses and payments, assisting in the preparation of various reports and reconciliations.
Perform monthly balance sheet account reconciliations including bank and payroll reconciliations.
Maintain detailed records of employment, and provide spreadsheets/data of all payroll functions-for audit purposes in accordance with statutory requirements.
Create new inventory/non-inventory items in QuickBooks accounting system and tracks supplies accurately.

Payroll manager vs paymaster skills

Common payroll manager skills

Customer Service, 8%
Human Resources, 5%
Payroll System, 5%
Payroll Tax, 5%
HRIS, 4%
Reconciliations, 4%

Common paymaster skills

ADP, 11%
Payroll Processing, 11%
Payroll System, 10%
Accruals, 9%
Reconciliations, 8%
W-2, 8%