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The differences between senior associates and audit managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a senior associate, becoming an audit manager takes usually requires 6-8 years. Additionally, an audit manager has an average salary of $121,419, which is higher than the $83,034 average annual salary of a senior associate.
The top three skills for a senior associate include project management, business development and powerpoint. The most important skills for an audit manager are CPA, internal audit, and audit reports.
| Senior Associate | Audit Manager | |
| Yearly salary | $83,034 | $121,419 |
| Hourly rate | $39.92 | $58.37 |
| Growth rate | 8% | 17% |
| Number of jobs | 54,601 | 70,168 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 75% |
| Average age | 44 | 46 |
| Years of experience | 4 | 8 |
The Responsibilities of a Senior Associate will depend on the line of organization or industry. Most of the time, the duties will revolve around conducting various testing and assessments, planning and analysis, developing innovative solutions to boost company productivity, and keeping an organized flow of documentation. Furthermore, it is the responsibility of a Senior to Associate to lead a team of skilled professionals and shape them with extensive knowledge while adhering to its policies and regulations.
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.
Senior associates and audit managers have different pay scales, as shown below.
| Senior Associate | Audit Manager | |
| Average salary | $83,034 | $121,419 |
| Salary range | Between $56,000 And $121,000 | Between $82,000 And $178,000 |
| Highest paying City | Jersey City, NJ | Portland, ME |
| Highest paying state | New Jersey | Maine |
| Best paying company | Sheppard Mullin Richter & Hampton | Meta |
| Best paying industry | Finance | Manufacturing |
There are a few differences between a senior associate and an audit manager in terms of educational background:
| Senior Associate | Audit Manager | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 75% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior associates' and audit managers' demographics:
| Senior Associate | Audit Manager | |
| Average age | 44 | 46 |
| Gender ratio | Male, 55.6% Female, 44.4% | Male, 66.0% Female, 34.0% |
| Race ratio | Black or African American, 10.5% Unknown, 6.5% Hispanic or Latino, 15.8% Asian, 6.2% White, 60.4% American Indian and Alaska Native, 0.5% | 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 | 12% | 11% |