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The differences between credit directors and chief finance 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 director, becoming a chief finance officer takes usually requires More than 10 years. Additionally, a chief finance officer has an average salary of $143,947, which is higher than the $129,845 average annual salary of a credit director.
The top three skills for a credit director include credit policy, oversight and credit card. The most important skills for a chief finance officer are payroll, CPA, and oversight.
| Credit Director | Chief Finance Officer | |
| Yearly salary | $129,845 | $143,947 |
| Hourly rate | $62.43 | $69.21 |
| Growth rate | 17% | 6% |
| Number of jobs | 10,813 | 145,184 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 72% |
| Average age | 46 | 52 |
| Years of experience | 8 | - |
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.
A chief financial officer is responsible for managing and reviewing the financial status of a company. Chief financial officers' duties include ensuring the accuracy of financial reports, monitoring the company's expenses and budget goals, providing recommendations to prevent financial loss and increase revenues, processing the company's tax obligations, and resolving financial disputes. A chief financial officer must have an impeccable knowledge of the financial industry, updated with the current market trend, and strong leadership and decision-making skills to support the organization's financial department.
Credit directors and chief finance officers have different pay scales, as shown below.
| Credit Director | Chief Finance Officer | |
| Average salary | $129,845 | $143,947 |
| Salary range | Between $76,000 And $220,000 | Between $80,000 And $257,000 |
| Highest paying City | San Francisco, CA | Washington, DC |
| Highest paying state | Alaska | California |
| Best paying company | Aspiration | Baker McKenzie |
| Best paying industry | Finance | Construction |
There are a few differences between a credit director and a chief finance officer in terms of educational background:
| Credit Director | Chief Finance Officer | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 72% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between credit directors' and chief finance officers' demographics:
| Credit Director | Chief Finance Officer | |
| Average age | 46 | 52 |
| Gender ratio | Male, 72.7% Female, 27.3% | Male, 71.9% Female, 28.1% |
| 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, 3.8% Unknown, 3.9% Hispanic or Latino, 7.9% Asian, 7.7% White, 76.1% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 11% | 12% |