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The differences between risk managers and finance center 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 risk manager and a finance center manager. Additionally, a risk manager has an average salary of $116,072, which is higher than the $58,763 average annual salary of a finance center manager.
The top three skills for a risk manager include oversight, risk assessments and project management. The most important skills for a finance center manager are customer service, exceptional client, and financial services.
| Risk Manager | Finance Center Manager | |
| Yearly salary | $116,072 | $58,763 |
| Hourly rate | $55.80 | $28.25 |
| Growth rate | 17% | 17% |
| Number of jobs | 75,795 | 151,642 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 71% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A risk manager is responsible for analyzing potential risks that may affect the organization's operations, reputation, and market credibility. Risk managers identify risk controls and discuss business contingency plans for unforeseen circumstances to prevent delays in operational services. They also develop compliance training and programs for all the employees to provide them the awareness of the safety and security regulations within the company premises. A risk manager must have excellent communication and leadership skills, especially on handling and investigating cases that might compromise the business stability and financial status.
The duties of a finance center manager depend on one's place or industry of employment. Typically, they are responsible for overseeing the operations of a financial center, ensuring everything is running smoothly. They are also responsible for performing clerical tasks such as producing progress reports and presentations, managing schedules, setting goals and deadlines, processing documents, and maintaining data and records of all financial activities. Furthermore, as a manager, it is essential to lead and encourage the team, all while implementing the company's policies and regulations.
Risk managers and finance center managers have different pay scales, as shown below.
| Risk Manager | Finance Center Manager | |
| Average salary | $116,072 | $58,763 |
| Salary range | Between $84,000 And $160,000 | Between $33,000 And $104,000 |
| Highest paying City | San Francisco, CA | - |
| Highest paying state | California | - |
| Best paying company | Credit Karma | - |
| Best paying industry | Technology | - |
There are a few differences between a risk manager and a finance center manager in terms of educational background:
| Risk Manager | Finance Center Manager | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between risk managers' and finance center managers' demographics:
| Risk Manager | Finance Center Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 59.3% Female, 40.7% | Male, 49.1% Female, 50.9% |
| Race ratio | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 10.1% White, 63.5% American Indian and Alaska Native, 0.3% | Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.7% Asian, 9.0% White, 64.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |