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The differences between assistant credit managers and senior 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 senior credit analyst takes usually requires 1-2 years. Additionally, a senior credit analyst has an average salary of $86,364, 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 senior credit analyst are credit analysis, customer service, and real estate.
| Assistant Credit Manager | Senior Credit Analyst | |
| Yearly salary | $58,664 | $86,364 |
| Hourly rate | $28.20 | $41.52 |
| Growth rate | 17% | 17% |
| Number of jobs | 40,924 | 15,221 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 71% |
| 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 senior credit analyst is responsible for reviewing the loan applications of an individual and organization, determining their eligibility by evaluating their credit scores and financial history. Senior credit analysts assess the applicant's capability to pay according to terms and conditions and loan payment plans. They submit recommendation reports of qualified applicants for further investigation and have them submit additional documents as needed. A senior credit analyst decides on credit limits and may provide the applicants' loan and credit alternatives, requiring them to have excellent knowledge of the financial industry and loan options.
Assistant credit managers and senior credit analysts have different pay scales, as shown below.
| Assistant Credit Manager | Senior Credit Analyst | |
| Average salary | $58,664 | $86,364 |
| Salary range | Between $30,000 And $113,000 | Between $59,000 And $125,000 |
| Highest paying City | - | White Plains, NY |
| Highest paying state | - | New York |
| Best paying company | - | Apple |
| Best paying industry | - | Finance |
There are a few differences between an assistant credit manager and a senior credit analyst in terms of educational background:
| Assistant Credit Manager | Senior Credit Analyst | |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between assistant credit managers' and senior credit analysts' demographics:
| Assistant Credit Manager | Senior Credit Analyst | |
| Average age | 46 | 39 |
| Gender ratio | Male, 44.4% Female, 55.6% | Male, 54.6% Female, 45.4% |
| 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, 8.3% Unknown, 2.7% Hispanic or Latino, 9.9% Asian, 10.0% White, 68.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |