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The differences between assistant credit managers and credit analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become an assistant credit manager, becoming a credit analyst takes usually requires 1-2 years. Additionally, a credit analyst has an average salary of $61,422, 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 a credit analyst are customer service, credit analysis, and customer accounts.
| Assistant Credit Manager | Credit Analyst | |
| Yearly salary | $58,664 | $61,422 |
| Hourly rate | $28.20 | $29.53 |
| Growth rate | 17% | -5% |
| Number of jobs | 40,924 | 16,406 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 65% |
| Average age | 46 | 39 |
| Years of experience | 8 | 2 |
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.
A credit analyst's role is to assess and determine a client's capacity to uphold financial obligations when applying for loans or credit programs. Working for creditors like banks and lending firms, a credit analyst must interpret and analyze financial data and personal records, identify inconsistencies and risks, and verify necessary documentation in support of loan committees. Furthermore, a credit analyst must also perform administrative tasks such as preparing reports and applications, fulfilling document requests, reaching out to clients, and coordinating with colleagues to assure accuracy in all operations.
Assistant credit managers and credit analysts have different pay scales, as shown below.
| Assistant Credit Manager | Credit Analyst | |
| Average salary | $58,664 | $61,422 |
| Salary range | Between $30,000 And $113,000 | Between $40,000 And $93,000 |
| Highest paying City | - | New York, NY |
| Highest paying state | - | New York |
| Best paying company | - | Apollo Global Management |
| Best paying industry | - | Finance |
There are a few differences between an assistant credit manager and a credit analyst in terms of educational background:
| Assistant Credit Manager | Credit Analyst | |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between assistant credit managers' and credit analysts' demographics:
| Assistant Credit Manager | Credit Analyst | |
| Average age | 46 | 39 |
| Gender ratio | Male, 44.4% Female, 55.6% | Male, 44.2% Female, 55.8% |
| 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, 7.7% Unknown, 2.6% Hispanic or Latino, 9.5% Asian, 10.5% White, 69.4% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |