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The differences between 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 tax manager and an investments manager. Additionally, an investments manager has an average salary of $116,102, which is higher than the $96,100 average annual salary of a tax manager.
The top three skills for a tax manager include CPA, client relationships and tax planning. The most important skills for an investments manager are private equity, due diligence, and real estate.
| Tax Manager | Investments Manager | |
| Yearly salary | $96,100 | $116,102 |
| Hourly rate | $46.20 | $55.82 |
| Growth rate | 17% | 17% |
| Number of jobs | 79,204 | 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 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.
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.
Tax managers and investments managers have different pay scales, as shown below.
| Tax Manager | Investments Manager | |
| Average salary | $96,100 | $116,102 |
| Salary range | Between $70,000 And $131,000 | Between $68,000 And $198,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | New York | Alaska |
| Best paying company | Meta | Netflix |
| Best paying industry | Finance | Finance |
There are a few differences between a tax manager and an investments manager in terms of educational background:
| 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 tax managers' and investments managers' demographics:
| Tax Manager | Investments Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 58.5% Female, 41.5% | Male, 65.5% Female, 34.5% |
| Race ratio | 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% | 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% |