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The differences between credit managers and finance center 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 finance center manager. Additionally, a credit manager has an average salary of $68,583, which is higher than the $58,763 average annual salary of a finance center manager.
The top three skills for a credit manager include customer service, financial statements and credit card. The most important skills for a finance center manager are customer service, exceptional client, and financial services.
| Credit Manager | Finance Center Manager | |
| Yearly salary | $68,583 | $58,763 |
| Hourly rate | $32.97 | $28.25 |
| Growth rate | 17% | 17% |
| Number of jobs | 63,898 | 151,642 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 71% |
| 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.
The duties of a finance center manager depend on one's place or industry of employment. Typically, they are responsible for overseeing the operations of a financial center, ensuring everything is running smoothly. They are also responsible for performing clerical tasks such as producing progress reports and presentations, managing schedules, setting goals and deadlines, processing documents, and maintaining data and records of all financial activities. Furthermore, as a manager, it is essential to lead and encourage the team, all while implementing the company's policies and regulations.
Credit managers and finance center managers have different pay scales, as shown below.
| Credit Manager | Finance Center Manager | |
| Average salary | $68,583 | $58,763 |
| Salary range | Between $39,000 And $119,000 | Between $33,000 And $104,000 |
| Highest paying City | San Francisco, CA | - |
| Highest paying state | Oregon | - |
| Best paying company | Microsoft | - |
| Best paying industry | Finance | - |
There are a few differences between a credit manager and a finance center manager in terms of educational background:
| Credit Manager | Finance Center Manager | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between credit managers' and finance center managers' demographics:
| Credit Manager | Finance Center Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 53.9% Female, 46.1% | Male, 49.1% Female, 50.9% |
| 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, 7.6% Unknown, 4.1% Hispanic or Latino, 14.7% Asian, 9.0% White, 64.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |