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The differences between assistant credit managers and asset 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 asset manager. Additionally, an asset manager has an average salary of $85,814, 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 asset manager are asset management, financial statements, and property management.
| Assistant Credit Manager | Asset Manager | |
| Yearly salary | $58,664 | $85,814 |
| Hourly rate | $28.20 | $41.26 |
| Growth rate | 17% | 17% |
| Number of jobs | 40,924 | 64,732 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 68% |
| 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 asset manager is responsible for advising clients with their investment preferences and financial goals based on their assets' quantity and value. Asset managers regularly meet with their clients regarding their asset management's progress, recommending more investment options and considering the clients' needs. They manage financial portfolios and prepare stock market reports and forecasts as needed. An asset manager must have a broad knowledge of the financial industry and investment processes, identifying profit opportunities for long-term investment objectives.
Assistant credit managers and asset managers have different pay scales, as shown below.
| Assistant Credit Manager | Asset Manager | |
| Average salary | $58,664 | $85,814 |
| Salary range | Between $30,000 And $113,000 | Between $59,000 And $123,000 |
| Highest paying City | - | New York, NY |
| Highest paying state | - | New York |
| Best paying company | - | Deutsche Bank |
| Best paying industry | - | Finance |
There are a few differences between an assistant credit manager and an asset manager in terms of educational background:
| Assistant Credit Manager | Asset Manager | |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between assistant credit managers' and asset managers' demographics:
| Assistant Credit Manager | Asset Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 44.4% Female, 55.6% | Male, 64.3% Female, 35.7% |
| 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, 7.8% Unknown, 4.1% Hispanic or Latino, 15.0% Asian, 8.9% White, 63.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |