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The differences between assistant credit managers and audit 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 audit manager. Additionally, an audit manager has an average salary of $121,419, 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 audit manager are CPA, internal audit, and audit reports.
| Assistant Credit Manager | Audit Manager | |
| Yearly salary | $58,664 | $121,419 |
| Hourly rate | $28.20 | $58.37 |
| Growth rate | 17% | 17% |
| Number of jobs | 40,924 | 70,168 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 75% |
| 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 audit manager is responsible for the complete audit process of finances in an organization. They work for banks and report directly to the audit committee. Based on findings gathered, a financial institution can gain vision into their variance and overall performance. They are also responsible for scheduling audits, initiating departmental audits, consolidation, and analysis of audit reports, and reviewing accounting procedures. Moreover, part of their tasks is to create audit finding presentations to be presented to the audit committee. It requires a high amount of accountability to be an effective audit manager.
Assistant credit managers and audit managers have different pay scales, as shown below.
| Assistant Credit Manager | Audit Manager | |
| Average salary | $58,664 | $121,419 |
| Salary range | Between $30,000 And $113,000 | Between $82,000 And $178,000 |
| Highest paying City | - | Portland, ME |
| Highest paying state | - | Maine |
| Best paying company | - | Meta |
| Best paying industry | - | Manufacturing |
There are a few differences between an assistant credit manager and an audit manager in terms of educational background:
| Assistant Credit Manager | Audit Manager | |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 75% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between assistant credit managers' and audit managers' demographics:
| Assistant Credit Manager | Audit Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 44.4% Female, 55.6% | Male, 66.0% Female, 34.0% |
| 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, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |