Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between actuarial managers and credit managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both an actuarial manager and a credit manager. Additionally, an actuarial manager has an average salary of $75,827, which is higher than the $68,583 average annual salary of a credit manager.
The top three skills for an actuarial manager include medicaid, financial analysis and financial results. The most important skills for a credit manager are customer service, financial statements, and credit card.
| Actuarial Manager | Credit Manager | |
| Yearly salary | $75,827 | $68,583 |
| Hourly rate | $36.46 | $32.97 |
| Growth rate | 17% | 17% |
| Number of jobs | 59,285 | 63,898 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 67% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
Actuarial managers supervise all the actuary employees and the actuary department. They meet the clients and get to know the type of data and statistics they need. Besides reviewing the actuaries' performance and predictions and analysis accuracy, actuarial managers also prepare reports featuring all the information and ensure each data's accuracy before submission. Other duties performed by actuarial managers include meeting with company heads from time to time and updating them on matters relating to the actuarial figures.
A credit manager is an individual who supervises the credit granting process for a company by evaluating the creditworthiness of potential customers. Credit managers must maintain corporate credit policy to optimize company sales and reduce bad debt losses. They must manage the proper relationship with agencies such as the collection agency, credit insurance providers, and the sales department. Credit managers may work in different industries such as banks, accounting firms, or auto dealerships. They must also possess a bachelor's degree in financial management or related field.
Actuarial managers and credit managers have different pay scales, as shown below.
| Actuarial Manager | Credit Manager | |
| Average salary | $75,827 | $68,583 |
| Salary range | Between $39,000 And $144,000 | Between $39,000 And $119,000 |
| Highest paying City | Bridgeport, CT | San Francisco, CA |
| Highest paying state | Connecticut | Oregon |
| Best paying company | Prudential Financial | Microsoft |
| Best paying industry | Insurance | Finance |
There are a few differences between an actuarial manager and a credit manager in terms of educational background:
| Actuarial Manager | Credit Manager | |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 67% |
| Most common major | Mathematics | Business |
| Most common college | University of Notre Dame | University of Pennsylvania |
Here are the differences between actuarial managers' and credit managers' demographics:
| Actuarial Manager | Credit Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 65.2% Female, 34.8% | Male, 53.9% Female, 46.1% |
| Race ratio | Black or African American, 5.7% Unknown, 4.0% Hispanic or Latino, 10.2% Asian, 7.9% White, 71.9% 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, 64.5% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |