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The differences between senior tax managers and portfolio 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 a portfolio manager. Additionally, a portfolio manager has an average salary of $114,671, 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 a portfolio manager are portfolio management, customer service, and risk management.
| Senior Tax Manager | Portfolio Manager | |
| Yearly salary | $92,363 | $114,671 |
| Hourly rate | $44.41 | $55.13 |
| Growth rate | 17% | 17% |
| Number of jobs | 65,323 | 43,192 |
| 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.
A portfolio manager is responsible for managing the clients' investment portfolios to advise them of the best investment plans to achieve their financial goals and objectives. Portfolio managers determine the most suitable options by evaluating the clients' credit score and risk potential and the client's financial background. A portfolio manager should be highly knowledgeable and updated with the recent financial industry changes to decide on investment plans with maximum returns.
Senior tax managers and portfolio managers have different pay scales, as shown below.
| Senior Tax Manager | Portfolio Manager | |
| Average salary | $92,363 | $114,671 |
| Salary range | Between $66,000 And $128,000 | Between $66,000 And $198,000 |
| Highest paying City | Washington, DC | Stamford, CT |
| Highest paying state | New Hampshire | Connecticut |
| Best paying company | Microsoft | The Citadel |
| Best paying industry | Finance | Finance |
There are a few differences between a senior tax manager and a portfolio manager in terms of educational background:
| Senior Tax Manager | Portfolio 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 portfolio managers' demographics:
| Senior Tax Manager | Portfolio Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 62.2% Female, 37.8% | Male, 66.6% Female, 33.4% |
| 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, 14.4% Asian, 10.1% White, 63.6% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |