Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between commercial credit analysts and credit managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become a commercial credit analyst, becoming a credit manager takes usually requires 6-8 years. Additionally, a credit manager has an average salary of $68,583, which is higher than the $66,482 average annual salary of a commercial credit analyst.
The top three skills for a commercial credit analyst include credit analysis, customer service and strong analytical. The most important skills for a credit manager are customer service, financial statements, and credit card.
| Commercial Credit Analyst | Credit Manager | |
| Yearly salary | $66,482 | $68,583 |
| Hourly rate | $31.96 | $32.97 |
| Growth rate | 4% | 17% |
| Number of jobs | 42,862 | 63,898 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 67% |
| Average age | 39 | 46 |
| Years of experience | 2 | 8 |
A commercial credit analyst is primarily in charge of assessing a client's credit or loan application, ensuring that they are fit to uphold financial obligations. Their responsibilities typically revolve around coordinating different departments to gather necessary client data, reviewing financial histories, verifying the authenticity of requirements, and developing financial profiles. Moreover, a commercial credit analyst may perform research and analysis to identify new business opportunities, produce progress and sales reports, monitor the payment progress of clients, and maintain a record of all transactions.
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.
Commercial credit analysts and credit managers have different pay scales, as shown below.
| Commercial Credit Analyst | Credit Manager | |
| Average salary | $66,482 | $68,583 |
| Salary range | Between $46,000 And $94,000 | Between $39,000 And $119,000 |
| Highest paying City | Burlingame, CA | San Francisco, CA |
| Highest paying state | California | Oregon |
| Best paying company | HSBC Bank | Microsoft |
| Best paying industry | Automotive | Finance |
There are a few differences between a commercial credit analyst and a credit manager in terms of educational background:
| Commercial Credit Analyst | Credit Manager | |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between commercial credit analysts' and credit managers' demographics:
| Commercial Credit Analyst | Credit Manager | |
| Average age | 39 | 46 |
| Gender ratio | Male, 61.6% Female, 38.4% | Male, 53.9% Female, 46.1% |
| Race ratio | Black or African American, 7.9% Unknown, 2.7% Hispanic or Latino, 9.6% Asian, 10.5% White, 69.0% 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% |