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The differences between tax managers and tax analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become a tax manager, becoming a tax analyst takes usually requires 1-2 years. Additionally, a tax manager has an average salary of $96,100, which is higher than the $61,745 average annual salary of a tax analyst.
The top three skills for a tax manager include CPA, client relationships and tax planning. The most important skills for a tax analyst are tax audits, reconciliations, and tax compliance.
| Tax Manager | Tax Analyst | |
| Yearly salary | $96,100 | $61,745 |
| Hourly rate | $46.20 | $29.69 |
| Growth rate | 17% | -7% |
| Number of jobs | 79,204 | 56,223 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 70% |
| Average age | 46 | 48 |
| Years of experience | 8 | 2 |
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.
A tax analyst specializes in managing and filing tax forms and tax returns, all while devising strategies to reduce tax payments legally. A tax analyst may work as a member of a company or independently. Moreover, in a company setting, the responsibilities of a tax analyst revolve around coordinating with different departments to obtain all necessary documentation and financial information, maintaining accurate and extensive records of all transactions, and resolving any issues or concerns. Furthermore, it is essential to remain updated with all the tax laws, all while adhering to the policies and regulations of the company.
Tax managers and tax analysts have different pay scales, as shown below.
| Tax Manager | Tax Analyst | |
| Average salary | $96,100 | $61,745 |
| Salary range | Between $70,000 And $131,000 | Between $43,000 And $87,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | New York | Maine |
| Best paying company | Meta | Meta |
| Best paying industry | Finance | Technology |
There are a few differences between a tax manager and a tax analyst in terms of educational background:
| Tax Manager | Tax Analyst | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 70% |
| Most common major | Accounting | Accounting |
| Most common college | University of Southern California | University of Southern California |
Here are the differences between tax managers' and tax analysts' demographics:
| Tax Manager | Tax Analyst | |
| Average age | 46 | 48 |
| Gender ratio | Male, 58.5% Female, 41.5% | Male, 42.9% Female, 57.1% |
| 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, 13.1% Unknown, 3.4% Hispanic or Latino, 15.6% Asian, 11.1% White, 56.6% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 8% |