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The differences between portfolio administrators and audit 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 portfolio administrator and an audit manager. Additionally, an audit manager has an average salary of $121,419, which is higher than the $61,414 average annual salary of a portfolio administrator.
The top three skills for a portfolio administrator include booking, securities and CDO. The most important skills for an audit manager are CPA, internal audit, and audit reports.
| Portfolio Administrator | Audit Manager | |
| Yearly salary | $61,414 | $121,419 |
| Hourly rate | $29.53 | $58.37 |
| Growth rate | 17% | 17% |
| Number of jobs | 53,690 | 70,168 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 81% | Bachelor's Degree, 75% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A Portfolio Administrator oversees financial analysts to put into practice strategies capable of augmenting the organization's portfolio. They research and choose the portfolio's industries, products, and regions and update the stakeholders and management about these investment decisions. Other duties performed by portfolio administrators include writing reports, creating investment strategies, assessing financial information, and monitoring business trends. These professionals also identify market opportunities and risks and reorganize portfolios as required to meet all the financial goals.
An audit manager is responsible for the complete audit process of finances in an organization. They work for banks and report directly to the audit committee. Based on findings gathered, a financial institution can gain vision into their variance and overall performance. They are also responsible for scheduling audits, initiating departmental audits, consolidation, and analysis of audit reports, and reviewing accounting procedures. Moreover, part of their tasks is to create audit finding presentations to be presented to the audit committee. It requires a high amount of accountability to be an effective audit manager.
Portfolio administrators and audit managers have different pay scales, as shown below.
| Portfolio Administrator | Audit Manager | |
| Average salary | $61,414 | $121,419 |
| Salary range | Between $34,000 And $110,000 | Between $82,000 And $178,000 |
| Highest paying City | Old Bridge, NJ | Portland, ME |
| Highest paying state | New Jersey | Maine |
| Best paying company | Citi | Meta |
| Best paying industry | Finance | Manufacturing |
There are a few differences between a portfolio administrator and an audit manager in terms of educational background:
| Portfolio Administrator | Audit Manager | |
| Most common degree | Bachelor's Degree, 81% | Bachelor's Degree, 75% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between portfolio administrators' and audit managers' demographics:
| Portfolio Administrator | Audit Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 47.9% Female, 52.1% | Male, 66.0% Female, 34.0% |
| Race ratio | Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.2% White, 63.3% American Indian and Alaska Native, 0.3% | Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |