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The differences between credit managers and control accountants 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 manager, becoming a control accountant takes usually requires 2-4 years. Additionally, a credit manager has an average salary of $68,583, which is higher than the $66,563 average annual salary of a control accountant.
The top three skills for a credit manager include customer service, financial statements and credit card. The most important skills for a control accountant are reconciliations, general ledger accounts, and payroll taxes.
| Credit Manager | Control Accountant | |
| Yearly salary | $68,583 | $66,563 |
| Hourly rate | $32.97 | $32.00 |
| Growth rate | 17% | 6% |
| Number of jobs | 63,898 | 75,702 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 73% |
| Average age | 46 | 44 |
| Years of experience | 8 | 4 |
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.
A Control Accountant is in charge of managing a company's accounting records and spearheads the development of financial reports. Although the extent of their responsibilities depends on their place or industry of employment, it typically includes coordinating with different teams to gather and analyze data, conduct audits and risk analyses, monitor budgets and expenditures, review documents and other transactions and develop strategies to optimize operations. A Control Accountant leads and encourages staff to reach goals while implementing the company's policies and regulations.
Credit managers and control accountants have different pay scales, as shown below.
| Credit Manager | Control Accountant | |
| Average salary | $68,583 | $66,563 |
| Salary range | Between $39,000 And $119,000 | Between $48,000 And $91,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | Oregon | New York |
| Best paying company | Microsoft | Marathon Oil |
| Best paying industry | Finance | Finance |
There are a few differences between a credit manager and a control accountant in terms of educational background:
| Credit Manager | Control Accountant | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 73% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between credit managers' and control accountants' demographics:
| Credit Manager | Control Accountant | |
| Average age | 46 | 44 |
| Gender ratio | Male, 53.9% Female, 46.1% | Male, 49.2% Female, 50.8% |
| 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, 8.8% Unknown, 4.0% Hispanic or Latino, 11.2% Asian, 12.1% White, 63.4% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 11% | 7% |