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The differences between portfolio administrators and tax 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 a tax manager. Additionally, a tax manager has an average salary of $96,100, 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 a tax manager are CPA, client relationships, and tax planning.
| Portfolio Administrator | Tax Manager | |
| Yearly salary | $61,414 | $96,100 |
| Hourly rate | $29.53 | $46.20 |
| Growth rate | 17% | 17% |
| Number of jobs | 53,690 | 79,204 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 81% | Bachelor's Degree, 68% |
| 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.
A Tax Manager is responsible for managing tax reporting and compliance within an organization. They provide innovative tax planning and prepare state and federal tax returns for companies.
Portfolio administrators and tax managers have different pay scales, as shown below.
| Portfolio Administrator | Tax Manager | |
| Average salary | $61,414 | $96,100 |
| Salary range | Between $34,000 And $110,000 | Between $70,000 And $131,000 |
| Highest paying City | Old Bridge, NJ | San Francisco, CA |
| Highest paying state | New Jersey | New York |
| Best paying company | Citi | Meta |
| Best paying industry | Finance | Finance |
There are a few differences between a portfolio administrator and a tax manager in terms of educational background:
| Portfolio Administrator | Tax Manager | |
| Most common degree | Bachelor's Degree, 81% | Bachelor's Degree, 68% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Southern California |
Here are the differences between portfolio administrators' and tax managers' demographics:
| Portfolio Administrator | Tax Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 47.9% Female, 52.1% | Male, 58.5% Female, 41.5% |
| 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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% White, 63.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |