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The differences between senior tax managers and risk 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 risk manager. Additionally, a risk manager has an average salary of $116,072, 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 risk manager are oversight, risk assessments, and project management.
| Senior Tax Manager | Risk Manager | |
| Yearly salary | $92,363 | $116,072 |
| Hourly rate | $44.41 | $55.80 |
| Growth rate | 17% | 17% |
| Number of jobs | 65,323 | 75,795 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 66% |
| 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 risk manager is responsible for analyzing potential risks that may affect the organization's operations, reputation, and market credibility. Risk managers identify risk controls and discuss business contingency plans for unforeseen circumstances to prevent delays in operational services. They also develop compliance training and programs for all the employees to provide them the awareness of the safety and security regulations within the company premises. A risk manager must have excellent communication and leadership skills, especially on handling and investigating cases that might compromise the business stability and financial status.
Senior tax managers and risk managers have different pay scales, as shown below.
| Senior Tax Manager | Risk Manager | |
| Average salary | $92,363 | $116,072 |
| Salary range | Between $66,000 And $128,000 | Between $84,000 And $160,000 |
| Highest paying City | Washington, DC | San Francisco, CA |
| Highest paying state | New Hampshire | California |
| Best paying company | Microsoft | Credit Karma |
| Best paying industry | Finance | Technology |
There are a few differences between a senior tax manager and a risk manager in terms of educational background:
| Senior Tax Manager | Risk Manager | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 66% |
| Most common major | Accounting | Business |
| Most common college | University of Southern California | University of Pennsylvania |
Here are the differences between senior tax managers' and risk managers' demographics:
| Senior Tax Manager | Risk Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 62.2% Female, 37.8% | Male, 59.3% Female, 40.7% |
| 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, 63.5% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |