Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between branch bankers and credit managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a branch banker and a credit manager. Additionally, a credit manager has an average salary of $68,583, which is higher than the $33,076 average annual salary of a branch banker.
The top three skills for a branch banker include customer service, excellent interpersonal and customer relationships. The most important skills for a credit manager are customer service, financial statements, and credit card.
| Branch Banker | Credit Manager | |
| Yearly salary | $33,076 | $68,583 |
| Hourly rate | $15.90 | $32.97 |
| Growth rate | 17% | 17% |
| Number of jobs | 25,853 | 63,898 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 52% | Bachelor's Degree, 67% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A branch banker is responsible for assisting the customers in performing their financial transactions, updating their account information, and resolving bank discrepancies. Branch bankers guide the customers in handling their personal finances and recommend financial services according to the customers' needs and qualifications. They also create financial reports and identify opportunities that would generate more revenue resources by conducting data and statistical reviews. A branch banker must have excellent analytical skills, as well as extensive knowledge of the financial industry, to manage financial functions and set regulations accordingly.
A credit manager is an individual who supervises the credit granting process for a company by evaluating the creditworthiness of potential customers. Credit managers must maintain corporate credit policy to optimize company sales and reduce bad debt losses. They must manage the proper relationship with agencies such as the collection agency, credit insurance providers, and the sales department. Credit managers may work in different industries such as banks, accounting firms, or auto dealerships. They must also possess a bachelor's degree in financial management or related field.
Branch bankers and credit managers have different pay scales, as shown below.
| Branch Banker | Credit Manager | |
| Average salary | $33,076 | $68,583 |
| Salary range | Between $26,000 And $41,000 | Between $39,000 And $119,000 |
| Highest paying City | San Jose, CA | San Francisco, CA |
| Highest paying state | Alaska | Oregon |
| Best paying company | J.P. Morgan | Microsoft |
| Best paying industry | Finance | Finance |
There are a few differences between a branch banker and a credit manager in terms of educational background:
| Branch Banker | Credit Manager | |
| Most common degree | Bachelor's Degree, 52% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between branch bankers' and credit managers' demographics:
| Branch Banker | Credit Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 32.2% Female, 67.8% | Male, 53.9% Female, 46.1% |
| Race ratio | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.1% White, 63.7% American Indian and Alaska Native, 0.3% | Black or African American, 7.9% Unknown, 4.1% Hispanic or Latino, 15.3% Asian, 7.8% White, 64.5% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |