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The differences between credit analysts and relationship 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 credit analyst, becoming a relationship manager takes usually requires 6-8 years. Additionally, a relationship manager has an average salary of $83,761, which is higher than the $61,422 average annual salary of a credit analyst.
The top three skills for a credit analyst include customer service, credit analysis and customer accounts. The most important skills for a relationship manager are client relationships, work ethic, and strong work ethic.
| Credit Analyst | Relationship Manager | |
| Yearly salary | $61,422 | $83,761 |
| Hourly rate | $29.53 | $40.27 |
| Growth rate | -5% | 5% |
| Number of jobs | 16,406 | 72,920 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 69% |
| Average age | 39 | 46 |
| Years of experience | 2 | 8 |
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.
A relationship manager is responsible for maintaining a positive and professional relationship with customers and business partners, ensuring the highest customer satisfaction and good reputation. Relationship managers advise management on identifying business opportunities by analyzing the current market trends that would help generate revenues and increase its profitability. They connect with the marketing and sales team for product and services innovation, create compelling sales pitches, and develop customer service processes to assist customers with their inquiries and concerns efficiently.
Credit analysts and relationship managers have different pay scales, as shown below.
| Credit Analyst | Relationship Manager | |
| Average salary | $61,422 | $83,761 |
| Salary range | Between $40,000 And $93,000 | Between $56,000 And $123,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | New York | New York |
| Best paying company | Apollo Global Management | |
| Best paying industry | Finance | Finance |
There are a few differences between a credit analyst and a relationship manager in terms of educational background:
| Credit Analyst | Relationship Manager | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 69% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Southern California |
Here are the differences between credit analysts' and relationship managers' demographics:
| Credit Analyst | Relationship Manager | |
| Average age | 39 | 46 |
| Gender ratio | Male, 44.2% Female, 55.8% | Male, 53.5% Female, 46.5% |
| Race ratio | 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% | Black or African American, 3.2% Unknown, 4.4% Hispanic or Latino, 9.8% Asian, 4.1% White, 78.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 11% | 7% |