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The differences between credit directors and senior credit analysts 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 senior credit analyst takes usually requires 1-2 years. Additionally, a credit director has an average salary of $129,845, which is higher than the $86,364 average annual salary of a senior credit analyst.
The top three skills for a credit director include credit policy, oversight and credit card. The most important skills for a senior credit analyst are credit analysis, customer service, and real estate.
| Credit Director | Senior Credit Analyst | |
| Yearly salary | $129,845 | $86,364 |
| Hourly rate | $62.43 | $41.52 |
| Growth rate | 17% | 17% |
| Number of jobs | 10,813 | 15,221 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 71% |
| Average age | 46 | 39 |
| Years of experience | 8 | 2 |
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 senior credit analyst is responsible for reviewing the loan applications of an individual and organization, determining their eligibility by evaluating their credit scores and financial history. Senior credit analysts assess the applicant's capability to pay according to terms and conditions and loan payment plans. They submit recommendation reports of qualified applicants for further investigation and have them submit additional documents as needed. A senior credit analyst decides on credit limits and may provide the applicants' loan and credit alternatives, requiring them to have excellent knowledge of the financial industry and loan options.
Credit directors and senior credit analysts have different pay scales, as shown below.
| Credit Director | Senior Credit Analyst | |
| Average salary | $129,845 | $86,364 |
| Salary range | Between $76,000 And $220,000 | Between $59,000 And $125,000 |
| Highest paying City | San Francisco, CA | White Plains, NY |
| Highest paying state | Alaska | New York |
| Best paying company | Aspiration | Apple |
| Best paying industry | Finance | Finance |
There are a few differences between a credit director and a senior credit analyst in terms of educational background:
| Credit Director | Senior Credit Analyst | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between credit directors' and senior credit analysts' demographics:
| Credit Director | Senior Credit Analyst | |
| Average age | 46 | 39 |
| Gender ratio | Male, 72.7% Female, 27.3% | Male, 54.6% Female, 45.4% |
| 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, 8.3% Unknown, 2.7% Hispanic or Latino, 9.9% Asian, 10.0% White, 68.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |