Credit director vs branch manager

The differences between credit directors 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 director and a branch manager. Additionally, a credit director has an average salary of $129,845, which is higher than the $56,291 average annual salary of a branch manager.

The top three skills for a credit director include credit policy, oversight and credit card. The most important skills for a branch manager are customer satisfaction, business development, and branch management.

Credit director vs branch manager overview

	Credit Director	Branch Manager
Yearly salary	$129,845	$56,291
Hourly rate	$62.43	$27.06
Growth rate	17%	17%
Number of jobs	10,813	333,883
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 65%
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 a branch manager do?

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 director vs branch manager salary

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

	Credit Director	Branch Manager
Average salary	$129,845	$56,291
Salary range	Between $76,000 And $220,000	Between $39,000 And $80,000
Highest paying City	San Francisco, CA	Oakland, CA
Highest paying state	Alaska	Alaska
Best paying company	Aspiration	FNB
Best paying industry	Finance	Professional

Differences between credit director and branch manager education

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

	Credit Director	Branch Manager
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 65%
Most common major	Business	Business
Most common college	University of Pennsylvania	Stanford University

Credit director vs branch manager demographics

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

	Credit Director	Branch Manager
Average age	46	46
Gender ratio	Male, 72.7% Female, 27.3%	Male, 59.8% Female, 40.2%
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, 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%

Differences between credit director and branch 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.

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Branch manager example responsibilities.

Manage and coordinate a high volume sales pipeline from beginning to closing while ensuring all RESPA regulations are met.
Warehouse operations plus office duties, A/P, A/R.
Support A/R, A/P, and provide data analyzation from 12 branches to assist with annual budgeting projections/forecasting.
Provide leadership for sales, customer service, operations, compliance, and ethics as branch manager of an in-store branch.
Educate staff in areas of bank secrecy, bank regulations, and internal audit policy.
Train agents and managers using office generate PowerPoint presentations, company flip charts and training videos.

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Credit director vs branch 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 branch manager skills

Customer Satisfaction, 8%
Business Development, 7%
Branch Management, 5%
Human Resources, 5%
Financial Statements, 5%
Performance Management, 4%

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Updated January 8, 2025

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