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The differences between senior tax 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 tax manager and an audit manager. Additionally, an audit manager has an average salary of $121,419, which is higher than the $92,363 average annual salary of a senior tax manager.
The top three skills for a senior tax manager include CPA, client relationships and taxation. The most important skills for an audit manager are CPA, internal audit, and audit reports.
| Senior Tax Manager | Audit Manager | |
| Yearly salary | $92,363 | $121,419 |
| Hourly rate | $44.41 | $58.37 |
| Growth rate | 17% | 17% |
| Number of jobs | 65,323 | 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 tax manager is responsible for overseeing an organization's tax responsibilities and ensuring that the accounting processes adhere to the state regulations and local procedures. Senior tax managers evaluate tax documents and prepare tax returns timely and efficiently. They assess the accuracy of tax provisions and implement strategic methods to resolve taxation issues by conducting research on existing tax laws and obligations. A senior tax manager must have excellent communication and organizational skills, especially in coordinating with clients to inform them of their tax updates and completion.
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 tax managers and audit managers have different pay scales, as shown below.
| Senior Tax Manager | Audit Manager | |
| Average salary | $92,363 | $121,419 |
| Salary range | Between $66,000 And $128,000 | Between $82,000 And $178,000 |
| Highest paying City | Washington, DC | Portland, ME |
| Highest paying state | New Hampshire | Maine |
| Best paying company | Microsoft | Meta |
| Best paying industry | Finance | Manufacturing |
There are a few differences between a senior tax manager and an audit manager in terms of educational background:
| Senior Tax Manager | Audit Manager | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 75% |
| Most common major | Accounting | Accounting |
| Most common college | University of Southern California | University of Pennsylvania |
Here are the differences between senior tax managers' and audit managers' demographics:
| Senior Tax Manager | Audit Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 62.2% Female, 37.8% | Male, 66.0% Female, 34.0% |
| Race ratio | Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.6% Asian, 10.2% White, 63.2% 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% |