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The differences between senior portfolio managers and tax 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 a tax manager. Additionally, a senior portfolio manager has an average salary of $115,805, which is higher than the $96,100 average annual salary of a tax manager.
The top three skills for a senior portfolio manager include portfolio management, risk management and project management. The most important skills for a tax manager are CPA, client relationships, and tax planning.
| Senior Portfolio Manager | Tax Manager | |
| Yearly salary | $115,805 | $96,100 |
| Hourly rate | $55.68 | $46.20 |
| Growth rate | 17% | 17% |
| Number of jobs | 45,223 | 79,204 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 68% |
| 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.
A Tax Manager is responsible for managing tax reporting and compliance within an organization. They provide innovative tax planning and prepare state and federal tax returns for companies.
Senior portfolio managers and tax managers have different pay scales, as shown below.
| Senior Portfolio Manager | Tax Manager | |
| Average salary | $115,805 | $96,100 |
| Salary range | Between $67,000 And $199,000 | Between $70,000 And $131,000 |
| Highest paying City | Albany, NY | San Francisco, CA |
| Highest paying state | Connecticut | New York |
| Best paying company | Legal & General Investment Management America | Meta |
| Best paying industry | Technology | Finance |
There are a few differences between a senior portfolio manager and a tax manager in terms of educational background:
| Senior Portfolio Manager | Tax Manager | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 68% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Southern California |
Here are the differences between senior portfolio managers' and tax managers' demographics:
| Senior Portfolio Manager | Tax Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 71.9% Female, 28.1% | Male, 58.5% Female, 41.5% |
| 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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% White, 63.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |