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The differences between tax managers and underwriting 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 underwriting manager. Additionally, a tax manager has an average salary of $96,100, which is higher than the $77,426 average annual salary of an underwriting manager.
The top three skills for a tax manager include CPA, client relationships and tax planning. The most important skills for an underwriting manager are customer service, portfolio, and risk management.
| Tax Manager | Underwriting Manager | |
| Yearly salary | $96,100 | $77,426 |
| Hourly rate | $46.20 | $37.22 |
| Growth rate | 17% | 17% |
| Number of jobs | 79,204 | 44,546 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 73% |
| 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.
Underwriting managers work mostly in the financial and insurance industries to provide management for all underwriting activities, including loan applications and insurance products. They oversee a team of associate-level staff, assigning them insurance or loan plans to evaluate and underwrite, ensuring that they comprehend expectations and timelines, and provide support by answering questions. They are team leaders, leading associate-level underwriters altogether activities, supporting risk management, and financial due diligence activities. In addition, underwriting managers also play a significant role in developing and enacting policies and procedures in regional offices.
Tax managers and underwriting managers have different pay scales, as shown below.
| Tax Manager | Underwriting Manager | |
| Average salary | $96,100 | $77,426 |
| Salary range | Between $70,000 And $131,000 | Between $50,000 And $119,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | New York | New York |
| Best paying company | Meta | W. R. Berkley |
| Best paying industry | Finance | Insurance |
There are a few differences between a tax manager and an underwriting manager in terms of educational background:
| Tax Manager | Underwriting Manager | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 73% |
| Most common major | Accounting | Business |
| Most common college | University of Southern California | Stanford University |
Here are the differences between tax managers' and underwriting managers' demographics:
| Tax Manager | Underwriting Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 58.5% Female, 41.5% | Male, 49.5% Female, 50.5% |
| 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, 7.9% Unknown, 4.1% Hispanic or Latino, 15.3% Asian, 7.8% White, 64.6% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |