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The differences between credit managers and tax 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 tax manager. Additionally, a tax manager has an average salary of $96,100, which is higher than the $68,583 average annual salary of a credit manager.
The top three skills for a credit manager include customer service, financial statements and credit card. The most important skills for a tax manager are CPA, client relationships, and tax planning.
| Credit Manager | Tax Manager | |
| Yearly salary | $68,583 | $96,100 |
| Hourly rate | $32.97 | $46.20 |
| Growth rate | 17% | 17% |
| Number of jobs | 63,898 | 79,204 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 68% |
| 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.
A Tax Manager is responsible for managing tax reporting and compliance within an organization. They provide innovative tax planning and prepare state and federal tax returns for companies.
Credit managers and tax managers have different pay scales, as shown below.
| Credit Manager | Tax Manager | |
| Average salary | $68,583 | $96,100 |
| Salary range | Between $39,000 And $119,000 | Between $70,000 And $131,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Oregon | New York |
| Best paying company | Microsoft | Meta |
| Best paying industry | Finance | Finance |
There are a few differences between a credit manager and a tax manager in terms of educational background:
| Credit Manager | Tax Manager | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 68% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Southern California |
Here are the differences between credit managers' and tax managers' demographics:
| Credit Manager | Tax Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 53.9% Female, 46.1% | Male, 58.5% Female, 41.5% |
| 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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% White, 63.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |