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The differences between assistant credit managers and branch 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 a branch manager. Additionally, an assistant credit manager has an average salary of $58,664, which is higher than the $56,291 average annual salary of a branch manager.
The top three skills for an assistant credit manager include financial statements, credit limits and past due accounts. The most important skills for a branch manager are customer satisfaction, business development, and branch management.
| Assistant Credit Manager | Branch Manager | |
| Yearly salary | $58,664 | $56,291 |
| Hourly rate | $28.20 | $27.06 |
| Growth rate | 17% | 17% |
| Number of jobs | 40,924 | 333,883 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 65% |
| 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.
Branch managers oversee the company's field office. This position is usually present in industries such as banking and food service. Branch managers are responsible for all aspects of the branch operations, including, but not limited to, finances, marketing, quality control, and human resources. They ensure that the goals of the branch are met in the most efficient way possible. They balance the needs of both the organization and the employees in the department. Branch managers are also expected to have a hand in training the employees to be useful members of the organization.
Assistant credit managers and branch managers have different pay scales, as shown below.
| Assistant Credit Manager | Branch Manager | |
| Average salary | $58,664 | $56,291 |
| Salary range | Between $30,000 And $113,000 | Between $39,000 And $80,000 |
| Highest paying City | - | Oakland, CA |
| Highest paying state | - | Alaska |
| Best paying company | - | FNB |
| Best paying industry | - | Professional |
There are a few differences between an assistant credit manager and a branch manager in terms of educational background:
| Assistant Credit Manager | Branch Manager | |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between assistant credit managers' and branch managers' demographics:
| Assistant Credit Manager | Branch Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 44.4% Female, 55.6% | Male, 59.8% Female, 40.2% |
| 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, 8.0% Unknown, 4.1% Hispanic or Latino, 15.4% Asian, 7.8% White, 64.3% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |