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The differences between senior portfolio managers 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 senior portfolio manager and an audit manager. Additionally, an audit manager has an average salary of $121,419, which is higher than the $115,805 average annual salary of a senior portfolio manager.
The top three skills for a senior portfolio manager include portfolio management, risk management and project management. The most important skills for an audit manager are CPA, internal audit, and audit reports.
| Senior Portfolio Manager | Audit Manager | |
| Yearly salary | $115,805 | $121,419 |
| Hourly rate | $55.68 | $58.37 |
| Growth rate | 17% | 17% |
| Number of jobs | 45,223 | 70,168 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 75% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A senior portfolio manager is responsible for evaluating the financial portfolios of clients to identify the best investment decisions accordingly. Senior portfolio managers conduct data and statistical analysis of the financial market performance to measure the value of financial instruments and funds. They manage the buying and selling of financial securities based on the clients' specifications and requirements and regularly following the market movement to meet the clients' best interests. A senior portfolio manager must have excellent analytical and leadership skills, especially in coordinating with portfolio analysts, to determine the best courses to minimize the clients' financial loss and risks.
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 portfolio managers and audit managers have different pay scales, as shown below.
| Senior Portfolio Manager | Audit Manager | |
| Average salary | $115,805 | $121,419 |
| Salary range | Between $67,000 And $199,000 | Between $82,000 And $178,000 |
| Highest paying City | Albany, NY | Portland, ME |
| Highest paying state | Connecticut | Maine |
| Best paying company | Legal & General Investment Management America | Meta |
| Best paying industry | Technology | Manufacturing |
There are a few differences between a senior portfolio manager and an audit manager in terms of educational background:
| Senior Portfolio Manager | Audit Manager | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 75% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior portfolio managers' and audit managers' demographics:
| Senior Portfolio Manager | Audit Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 71.9% Female, 28.1% | Male, 66.0% Female, 34.0% |
| Race ratio | Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.1% White, 63.4% 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% |