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The differences between credit and collection managers and branch 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 credit and collection manager and a branch manager. Additionally, a credit and collection manager has an average salary of $71,775, which is higher than the $56,291 average annual salary of a branch manager.
The top three skills for a credit and collection manager include credit limits, customer service and DSO. The most important skills for a branch manager are customer satisfaction, business development, and branch management.
| Credit And Collection Manager | Branch Manager | |
| Yearly salary | $71,775 | $56,291 |
| Hourly rate | $34.51 | $27.06 |
| Growth rate | 17% | 17% |
| Number of jobs | 38,683 | 333,883 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 65% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A credit and collection manager is responsible for evaluating credit services and supervising the credit and collection team in reaching out to clients with outstanding debts and credit applications. Credit and collection managers oversee the cash flow systems and identify opportunities to minimize excessive loss and resolve credit disputes. They also determine a customer's eligibility for credit options by analyzing documents and financial status. A credit collection manager must have excellent communication and analytical skills to process receivables and perform credit reconciliations accurately and efficiently.
Branch managers oversee the company's field office. This position is usually present in industries such as banking and food service. Branch managers are responsible for all aspects of the branch operations, including, but not limited to, finances, marketing, quality control, and human resources. They ensure that the goals of the branch are met in the most efficient way possible. They balance the needs of both the organization and the employees in the department. Branch managers are also expected to have a hand in training the employees to be useful members of the organization.
Credit and collection managers and branch managers have different pay scales, as shown below.
| Credit And Collection Manager | Branch Manager | |
| Average salary | $71,775 | $56,291 |
| Salary range | Between $47,000 And $109,000 | Between $39,000 And $80,000 |
| Highest paying City | San Francisco, CA | Oakland, CA |
| Highest paying state | California | Alaska |
| Best paying company | Colfax Corporation | FNB |
| Best paying industry | Technology | Professional |
There are a few differences between a credit and collection manager and a branch manager in terms of educational background:
| Credit And Collection Manager | Branch Manager | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between credit and collection managers' and branch managers' demographics:
| Credit And Collection Manager | Branch Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 48.8% Female, 51.2% | Male, 59.8% Female, 40.2% |
| Race ratio | Black or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.1% Asian, 7.3% White, 65.4% American Indian and Alaska Native, 0.3% | Black or African American, 8.0% Unknown, 4.1% Hispanic or Latino, 15.4% Asian, 7.8% White, 64.3% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |