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The differences between assistant credit managers and administrative & finance 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 credit manager and an administrative & finance manager. Additionally, an administrative & finance manager has an average salary of $76,989, which is higher than the $58,664 average annual salary of an assistant credit manager.
The top three skills for an assistant credit manager include financial statements, credit limits and past due accounts. The most important skills for an administrative & finance manager are payroll processing, human resources, and oversight.
| Assistant Credit Manager | Administrative & Finance Manager | |
| Yearly salary | $58,664 | $76,989 |
| Hourly rate | $28.20 | $37.01 |
| Growth rate | 17% | 17% |
| Number of jobs | 40,924 | 143,109 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 63% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
An assistant credit manager performs support tasks to assist credit managers in handling credit accounts and procedures. Among their usual responsibilities include managing credit applications, verifying information and requirements, and evaluating the applicants' credit scores and financial records to ensure their ability to uphold financial obligations. Moreover, they also perform clerical tasks such as preparing and processing documents, handling calls and correspondence, organizing files, liaising with clients, answering inquiries, and resolving issues and concerns should any arise. In the absence of the manager, they have the responsibility to oversee staff and monitor operations to ensure an efficient workflow.
An administrative and finance manager handles a company's expenditures, requests, invoices, and other financial documentation. Their primary duty is to oversee a finance team's daily work. Additionally, they must coordinate financial staff, ensure that orders from management are carried out, complete the company's financial statements, and provide tax data for the legal department.
Assistant credit managers and administrative & finance managers have different pay scales, as shown below.
| Assistant Credit Manager | Administrative & Finance Manager | |
| Average salary | $58,664 | $76,989 |
| Salary range | Between $30,000 And $113,000 | Between $55,000 And $107,000 |
| Highest paying City | - | New York, NY |
| Highest paying state | - | New York |
| Best paying company | - | Meta |
| Best paying industry | - | Insurance |
There are a few differences between an assistant credit manager and an administrative & finance manager in terms of educational background:
| Assistant Credit Manager | Administrative & Finance Manager | |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 63% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between assistant credit managers' and administrative & finance managers' demographics:
| Assistant Credit Manager | Administrative & Finance Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 44.4% Female, 55.6% | Male, 50.7% Female, 49.3% |
| Race ratio | Black or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.0% Asian, 8.2% White, 64.6% American Indian and Alaska Native, 0.3% | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 10.1% White, 63.5% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |