Credit director vs asset manager

The differences between credit directors and asset 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 director and an asset manager. Additionally, a credit director has an average salary of $129,845, which is higher than the $85,814 average annual salary of an asset manager.

The top three skills for a credit director include credit policy, oversight and credit card. The most important skills for an asset manager are asset management, financial statements, and property management.

Credit director vs asset manager overview

	Credit Director	Asset Manager
Yearly salary	$129,845	$85,814
Hourly rate	$62.43	$41.26
Growth rate	17%	17%
Number of jobs	10,813	64,732
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 68%
Average age	46	46
Years of experience	8	8

What does a credit director do?

A credit director oversees an organization's credit-granting activities, ensuring operations adhere to credit policies and standards. Their responsibilities include making decisions in adherence with the company's short- and long-term goals, setting priorities, establishing timelines, conducting regular reviews and assessments, negotiating with external parties, and coordinating managers and supervisors. They may also manage employees to achieve these goals.

What does an asset manager do?

An asset manager is responsible for advising clients with their investment preferences and financial goals based on their assets' quantity and value. Asset managers regularly meet with their clients regarding their asset management's progress, recommending more investment options and considering the clients' needs. They manage financial portfolios and prepare stock market reports and forecasts as needed. An asset manager must have a broad knowledge of the financial industry and investment processes, identifying profit opportunities for long-term investment objectives.

Credit director vs asset manager salary

Credit directors and asset managers have different pay scales, as shown below.

	Credit Director	Asset Manager
Average salary	$129,845	$85,814
Salary range	Between $76,000 And $220,000	Between $59,000 And $123,000
Highest paying City	San Francisco, CA	New York, NY
Highest paying state	Alaska	New York
Best paying company	Aspiration	Deutsche Bank
Best paying industry	Finance	Finance

Differences between credit director and asset manager education

There are a few differences between a credit director and an asset manager in terms of educational background:

	Credit Director	Asset Manager
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 68%
Most common major	Business	Business
Most common college	University of Pennsylvania	Stanford University

Credit director vs asset manager demographics

Here are the differences between credit directors' and asset managers' demographics:

	Credit Director	Asset Manager
Average age	46	46
Gender ratio	Male, 72.7% Female, 27.3%	Male, 64.3% Female, 35.7%
Race ratio	Black or African American, 7.9% Unknown, 4.1% Hispanic or Latino, 15.3% Asian, 8.3% White, 64.0% American Indian and Alaska Native, 0.3%	Black or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.0% Asian, 8.9% White, 63.8% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between credit director and asset manager duties and responsibilities

Credit director example responsibilities.

Manage a staff of 50+ FTE.
Partner with small and entrepreneurial business to develop business plans and assist business owners with achieving payroll.
Communicate collection concepts to associates using FDCPA guidelines and the company training guide.
Developed/Share best practices, including collection practices and FDCPA rules/regulations training.
Approve and prepare attorney cases for processing, guardianship, Medicaid eligibility and/or litigation.
Major focus are on risk and DSO, integrating acquisitions, national accounts, high-risk customer visitations/negotiations, and trend identification/remediation.

Show more

Asset manager example responsibilities.

Manage and improve the processes require to support server end of life and normal windows patching processes.
Manage a pipeline of assets/projects through the project life cycle of short sale/deed in lieu of foreclosure through closing.
Manage and facilitate IRB investigations of report non-compliance and/or scientific misconduct.
Recognize for financial acumen, successfully managing invoicing, vendor accounts, reconciliations, and target reports.
Manage commercial and multifamily REO portfolio preparing property operating plans to enhance value and marketability of REO asset
Trade structured product securities for accounts manage by other portfolio managers base on economic conditions and the needs of specific portfolios.

Show more

Credit director vs asset manager skills

Common credit director skills

Credit Policy, 6%
Oversight, 6%
Credit Card, 5%
Process Improvement, 5%
Receivable Portfolio, 4%
Credit Risk Management, 4%

Common asset manager skills

Asset Management, 20%
Financial Statements, 7%
Property Management, 7%
Customer Service, 6%
Oversight, 5%
Loan Portfolio, 5%

Credit Director vs. similar jobs

Credit Director related careers

Credit Director related jobs

What similar roles do

Updated January 8, 2025

Browse executive management jobs

A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z