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The differences between senior managers and executives can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a senior manager, becoming an executive takes usually requires More than 10 years. Additionally, a senior manager has an average salary of $118,906, which is higher than the $108,285 average annual salary of an executive.
The top three skills for a senior manager include analytics, project management and portfolio. The most important skills for an executive are customer service, digital transformation, and healthcare.
| Senior Manager | Executive | |
| Yearly salary | $118,906 | $108,285 |
| Hourly rate | $57.17 | $52.06 |
| Growth rate | 6% | 6% |
| Number of jobs | 372,801 | 83,869 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 61% |
| Average age | 44 | 52 |
| Years of experience | 6 | - |
A senior manager is responsible for directing the overall efficiency of business operations. Senior managers monitor the performance of the staff, improve operational strategies, identify business opportunities, allocate budgets and resources, present reports to senior management, set goals to drive results on increasing the company's revenues and profitability. Senior managers must coordinate with various operations departments to maintain good feedback for the company, meeting client's expectations, and delivering the best results. They should have excellent communication and leadership skills to handle team members, as well as managing their needs and concerns.
An Executive's responsibilities vary depending on an organization or company. However, most of the time, it involves a great deal of leadership and communication. An Executive must oversee and direct employees towards particular sets of goals and vision, create strategies and plans that will benefit the company's financial gains and workforce, and as well as evaluate and analyze the progress of various company departments. Moreover, an Executive holds the power of decision-making, such as in the aspects of budget, promotions, and policies.
Senior managers and executives have different pay scales, as shown below.
| Senior Manager | Executive | |
| Average salary | $118,906 | $108,285 |
| Salary range | Between $86,000 And $163,000 | Between $63,000 And $184,000 |
| Highest paying City | San Francisco, CA | Providence, RI |
| Highest paying state | New Jersey | Rhode Island |
| Best paying company | Cornerstone Research | Capgemini |
| Best paying industry | Professional | - |
There are a few differences between a senior manager and an executive in terms of educational background:
| Senior Manager | Executive | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 61% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior managers' and executives' demographics:
| Senior Manager | Executive | |
| Average age | 44 | 52 |
| Gender ratio | Male, 67.5% Female, 32.5% | Male, 56.0% Female, 44.0% |
| Race ratio | Black or African American, 6.1% Unknown, 4.3% Hispanic or Latino, 14.9% Asian, 6.3% White, 67.9% American Indian and Alaska Native, 0.5% | Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.7% Asian, 7.6% White, 76.4% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 10% | 12% |