Portfolio assistant vs audit manager

The differences between portfolio assistants 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 assistant and an audit manager. Additionally, an audit manager has an average salary of $121,419, which is higher than the $106,690 average annual salary of a portfolio assistant.

The top three skills for a portfolio assistant include financial statements, portfolio management and fixed income. The most important skills for an audit manager are CPA, internal audit, and audit reports.

Portfolio assistant vs audit manager overview

	Portfolio Assistant	Audit Manager
Yearly salary	$106,690	$121,419
Hourly rate	$51.29	$58.37
Growth rate	17%	17%
Number of jobs	5,304	70,168
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 79%	Bachelor's Degree, 75%
Average age	46	46
Years of experience	8	8

Portfolio assistant vs audit manager salary

Portfolio assistants and audit managers have different pay scales, as shown below.

	Portfolio Assistant	Audit Manager
Average salary	$106,690	$121,419
Salary range	Between $57,000 And $197,000	Between $82,000 And $178,000
Highest paying City	-	Portland, ME
Highest paying state	-	Maine
Best paying company	-	Meta
Best paying industry	-	Manufacturing

Differences between portfolio assistant and audit manager education

There are a few differences between a portfolio assistant and an audit manager in terms of educational background:

	Portfolio Assistant	Audit Manager
Most common degree	Bachelor's Degree, 79%	Bachelor's Degree, 75%
Most common major	Business	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Portfolio assistant vs audit manager demographics

Here are the differences between portfolio assistants' and audit managers' demographics:

	Portfolio Assistant	Audit Manager
Average age	46	46
Gender ratio	Male, 36.3% Female, 63.7%	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%

Differences between portfolio assistant and audit manager duties and responsibilities

Portfolio assistant example responsibilities.

Block trade domestic equities for international mutual fund as well as separately manage accounts.
Support trade confirmation and securities position reconciliation with custody.
Utilize Bloomberg to provide portfolio attribution analysis for a client presentation.
Analyze market conditions, macroeconomic trends, legislation affecting eligible securities, and other investments parameters.
Negotiate & administer service contracts, select contractors and suppliers, provide quality- control oversight and, implementation of cost-containment initiatives.
Deliver a global macro and fundamental factor analysis template to expand asset class management functionality to both style and sectors.

Audit manager example responsibilities.

Manage a review for a large insurance company to ensure compliance with HIPAA law.
Manage audits in all divisions and ensure all accounting transactions are perform in accordance with GAAP.
Lead ERM development, implementation, risk assessment reviews, reporting, improvement/remediation, & continuous monitoring.
Manage quarterly reviews (10-Q) and annual audit (10-K) of two public companies as per PCAOB standards.
Manage audits of monthly closings, bank reports, cash flow, operations analysis, revenue accounting, and IPO documents.
Manage two staff accountants and Hyperion assistant/analyst.

Portfolio assistant vs audit manager skills

Common portfolio assistant skills

Financial Statements, 12%
Portfolio Management, 8%
Fixed Income, 7%
Securities, 7%
Equity Research, 5%
Equities, 5%

Common audit manager skills

CPA, 14%
Internal Audit, 6%
Audit Reports, 6%
Audit Engagements, 5%
Financial Services, 5%
Risk Management, 5%