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The differences between senior tax managers and investments 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 investments manager. Additionally, an investments manager has an average salary of $116,102, 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 investments manager are private equity, due diligence, and real estate.
| Senior Tax Manager | Investments Manager | |
| Yearly salary | $92,363 | $116,102 |
| Hourly rate | $44.41 | $55.82 |
| Growth rate | 17% | 17% |
| Number of jobs | 65,323 | 42,946 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 71% |
| 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.
The job of investment managers or fund managers is to help clients grow their money and achieve their financial and personal goals in life. Investment managers have a variety of responsibilities that often include handling all activities associated with managing client portfolios, monitoring performance measurement and transaction settlement, and determining the best strategy for investments. Also, you will be responsible for providing advice on investments and handling investments and investor decisions with discretion. As an investment manager, you are also expected to offer recommendations about investments.
Senior tax managers and investments managers have different pay scales, as shown below.
| Senior Tax Manager | Investments Manager | |
| Average salary | $92,363 | $116,102 |
| Salary range | Between $66,000 And $128,000 | Between $68,000 And $198,000 |
| Highest paying City | Washington, DC | New York, NY |
| Highest paying state | New Hampshire | Alaska |
| Best paying company | Microsoft | Netflix |
| Best paying industry | Finance | Finance |
There are a few differences between a senior tax manager and an investments manager in terms of educational background:
| Senior Tax Manager | Investments Manager | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 71% |
| Most common major | Accounting | Business |
| Most common college | University of Southern California | University of Pennsylvania |
Here are the differences between senior tax managers' and investments managers' demographics:
| Senior Tax Manager | Investments Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 62.2% Female, 37.8% | Male, 65.5% Female, 34.5% |
| 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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 63.9% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |