Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between credit managers 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 manager and a branch manager. Additionally, a credit manager has an average salary of $68,583, which is higher than the $56,291 average annual salary of a branch manager.
The top three skills for a credit manager include customer service, financial statements and credit card. The most important skills for a branch manager are customer satisfaction, business development, and branch management.
| Credit Manager | Branch Manager | |
| Yearly salary | $68,583 | $56,291 |
| Hourly rate | $32.97 | $27.06 |
| Growth rate | 17% | 17% |
| Number of jobs | 63,898 | 333,883 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 65% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
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.
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 managers and branch managers have different pay scales, as shown below.
| Credit Manager | Branch Manager | |
| Average salary | $68,583 | $56,291 |
| Salary range | Between $39,000 And $119,000 | Between $39,000 And $80,000 |
| Highest paying City | San Francisco, CA | Oakland, CA |
| Highest paying state | Oregon | Alaska |
| Best paying company | Microsoft | FNB |
| Best paying industry | Finance | Professional |
There are a few differences between a credit manager and a branch manager in terms of educational background:
| Credit Manager | Branch Manager | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between credit managers' and branch managers' demographics:
| Credit Manager | Branch Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 53.9% Female, 46.1% | Male, 59.8% Female, 40.2% |
| Race ratio | 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% | 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% |