Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between assistant branch 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 assistant branch manager and a credit manager. Additionally, a credit manager has an average salary of $68,583, which is higher than the $49,913 average annual salary of an assistant branch manager.
The top three skills for an assistant branch manager include quality customer service, branch management and excellent organizational. The most important skills for a credit manager are customer service, financial statements, and credit card.
| Assistant Branch Manager | Credit Manager | |
| Yearly salary | $49,913 | $68,583 |
| Hourly rate | $24.00 | $32.97 |
| Growth rate | 17% | 17% |
| Number of jobs | 37,800 | 63,898 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 67% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
An assistant branch manager's primary responsibility is to oversee the daily operations in their designated area, ensuring that everything is running smoothly from the workflow to the workforce. Although the tasks will vary depending on the organization or industry where one is involved, most of it will revolve around evaluating and monitoring employees' progress. Additional duties include responding to calls and inquiries, managing work schedules, and making sure that customers are satisfied with all services and transactions. Moreover, an assistant branch manager must also prioritize meeting the sales targets and staying within the allotted budget and deadlines.
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.
Assistant branch managers and credit managers have different pay scales, as shown below.
| Assistant Branch Manager | Credit Manager | |
| Average salary | $49,913 | $68,583 |
| Salary range | Between $35,000 And $70,000 | Between $39,000 And $119,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | New Jersey | Oregon |
| Best paying company | Centennial Bank | Microsoft |
| Best paying industry | Transportation | Finance |
There are a few differences between an assistant branch manager and a credit manager in terms of educational background:
| Assistant Branch Manager | Credit Manager | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Stanford University | University of Pennsylvania |
Here are the differences between assistant branch managers' and credit managers' demographics:
| Assistant Branch Manager | Credit Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 45.3% Female, 54.7% | Male, 53.9% Female, 46.1% |
| Race ratio | Black or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.1% Asian, 8.4% White, 64.3% 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% |