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The differences between credit managers and managers 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 manager takes usually requires 4-6 years. Additionally, a credit manager has an average salary of $68,583, which is higher than the $58,651 average annual salary of a manager.
The top three skills for a credit manager include customer service, financial statements and credit card. The most important skills for a manager are customer service, payroll, and food safety.
| Credit Manager | Manager | |
| Yearly salary | $68,583 | $58,651 |
| Hourly rate | $32.97 | $28.20 |
| Growth rate | 17% | 6% |
| Number of jobs | 63,898 | 1,236,194 |
| Job satisfaction | - | 4.57 |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 49% |
| Average age | 46 | 44 |
| Years of experience | 8 | 6 |
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.
Managers are responsible for a specific department, function, or employee group. They oversee their assigned departments and all the employees under the department. Managers are responsible that the department they are handling is functioning well. They set the department goals and the steps they must take to achieve the goals. They are also in charge of assessing the performance of their departments and their employees. Additionally, managers are responsible for interviewing prospective candidates for department vacancies and assessing their fit to the needs of the department. Managers also set the general working environment in the department, and they are expected to ensure that their employees remain motivated.
Credit managers and managers have different pay scales, as shown below.
| Credit Manager | Manager | |
| Average salary | $68,583 | $58,651 |
| Salary range | Between $39,000 And $119,000 | Between $37,000 And $92,000 |
| Highest paying City | San Francisco, CA | - |
| Highest paying state | Oregon | New Jersey |
| Best paying company | Microsoft | - |
| Best paying industry | Finance | Finance |
There are a few differences between a credit manager and a manager in terms of educational background:
| Credit Manager | Manager | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 49% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between credit managers' and managers' demographics:
| Credit Manager | Manager | |
| Average age | 46 | 44 |
| Gender ratio | Male, 53.9% Female, 46.1% | Male, 51.0% Female, 49.0% |
| 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, 6.3% Unknown, 4.3% Hispanic or Latino, 15.5% Asian, 6.4% White, 67.0% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 11% | 10% |