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The differences between senior branch managers and asset 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 senior branch manager and an asset manager. Additionally, an asset manager has an average salary of $85,814, which is higher than the $52,417 average annual salary of a senior branch manager.
The top three skills for a senior branch manager include risk management, sales targets and performance management. The most important skills for an asset manager are asset management, financial statements, and property management.
| Senior Branch Manager | Asset Manager | |
| Yearly salary | $52,417 | $85,814 |
| Hourly rate | $25.20 | $41.26 |
| Growth rate | 17% | 17% |
| Number of jobs | 55,126 | 64,732 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 68% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A Senior Branch Manager oversees an establishment's daily operations, aiming to meet sales targets and daily objectives. They are responsible for setting goals, managing staff and schedules, establishing guidelines and budgets, delegating duties among teams, coordinating with internal and external parties, conducting research, addressing issues and concerns, and developing strategies to optimize operations and reach sales targets. Moreover, a Senior Branch Manager must lead and serve as a mentor to junior managers, all while implementing its policies and regulations.
An asset manager is responsible for advising clients with their investment preferences and financial goals based on their assets' quantity and value. Asset managers regularly meet with their clients regarding their asset management's progress, recommending more investment options and considering the clients' needs. They manage financial portfolios and prepare stock market reports and forecasts as needed. An asset manager must have a broad knowledge of the financial industry and investment processes, identifying profit opportunities for long-term investment objectives.
Senior branch managers and asset managers have different pay scales, as shown below.
| Senior Branch Manager | Asset Manager | |
| Average salary | $52,417 | $85,814 |
| Salary range | Between $38,000 And $70,000 | Between $59,000 And $123,000 |
| Highest paying City | - | New York, NY |
| Highest paying state | - | New York |
| Best paying company | - | Deutsche Bank |
| Best paying industry | - | Finance |
There are a few differences between a senior branch manager and an asset manager in terms of educational background:
| Senior Branch Manager | Asset Manager | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between senior branch managers' and asset managers' demographics:
| Senior Branch Manager | Asset Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 59.4% Female, 40.6% | Male, 64.3% Female, 35.7% |
| Race ratio | Black or African American, 7.7% Unknown, 4.1% Hispanic or Latino, 14.8% Asian, 8.9% White, 64.2% American Indian and Alaska Native, 0.3% | Black or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.0% Asian, 8.9% White, 63.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |