Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between credit directors and credit 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 credit manager. Additionally, a credit director has an average salary of $129,845, which is higher than the $68,583 average annual salary of a credit manager.
The top three skills for a credit director include credit policy, oversight and credit card. The most important skills for a credit manager are customer service, financial statements, and credit card.
| Credit Director | Credit Manager | |
| Yearly salary | $129,845 | $68,583 |
| Hourly rate | $62.43 | $32.97 |
| Growth rate | 17% | 17% |
| Number of jobs | 10,813 | 63,898 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 67% |
| Average age | 46 | 46 |
| Years of experience | 8 | 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 credit manager is an individual who supervises the credit granting process for a company by evaluating the creditworthiness of potential customers. Credit managers must maintain corporate credit policy to optimize company sales and reduce bad debt losses. They must manage the proper relationship with agencies such as the collection agency, credit insurance providers, and the sales department. Credit managers may work in different industries such as banks, accounting firms, or auto dealerships. They must also possess a bachelor's degree in financial management or related field.
Credit directors and credit managers have different pay scales, as shown below.
| Credit Director | Credit Manager | |
| Average salary | $129,845 | $68,583 |
| Salary range | Between $76,000 And $220,000 | Between $39,000 And $119,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Alaska | Oregon |
| Best paying company | Aspiration | Microsoft |
| Best paying industry | Finance | Finance |
There are a few differences between a credit director and a credit manager in terms of educational background:
| Credit Director | Credit Manager | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between credit directors' and credit managers' demographics:
| Credit Director | Credit Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 72.7% Female, 27.3% | Male, 53.9% Female, 46.1% |
| 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, 7.9% Unknown, 4.1% Hispanic or Latino, 15.3% Asian, 7.8% White, 64.5% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |