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The differences between credit administration managers and credit officers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become a credit administration manager, becoming a credit officer takes usually requires 1-2 years. Additionally, a credit administration manager has an average salary of $148,487, which is higher than the $129,478 average annual salary of a credit officer.
The top three skills for a credit administration manager include risk management, powerpoint and credit decisions. The most important skills for a credit officer are risk management, credit risk, and credit analysis.
| Credit Administration Manager | Credit Officer | |
| Yearly salary | $148,487 | $129,478 |
| Hourly rate | $71.39 | $62.25 |
| Growth rate | 17% | 17% |
| Number of jobs | 41,610 | 60,323 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 69% |
| Average age | 46 | 39 |
| Years of experience | 8 | 2 |
Credit administration managers and credit officers have different pay scales, as shown below.
| Credit Administration Manager | Credit Officer | |
| Average salary | $148,487 | $129,478 |
| Salary range | Between $94,000 And $233,000 | Between $85,000 And $196,000 |
| Highest paying City | - | New York, NY |
| Highest paying state | - | New York |
| Best paying company | - | Farm Credit System |
| Best paying industry | - | Finance |
There are a few differences between a credit administration manager and a credit officer in terms of educational background:
| Credit Administration Manager | Credit Officer | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 69% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between credit administration managers' and credit officers' demographics:
| Credit Administration Manager | Credit Officer | |
| Average age | 46 | 39 |
| Gender ratio | Male, 43.4% Female, 56.6% | Male, 64.4% Female, 35.6% |
| Race ratio | Black or African American, 8.0% Unknown, 4.1% Hispanic or Latino, 15.4% Asian, 8.3% White, 63.9% American Indian and Alaska Native, 0.3% | Black or African American, 8.0% Unknown, 2.7% Hispanic or Latino, 9.7% Asian, 10.7% White, 68.6% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |