Credit products officer vs credit manager

The differences between credit products officers and credit managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a credit products officer, becoming a credit manager takes usually requires 6-8 years. Additionally, a credit products officer has an average salary of $99,608, which is higher than the $68,583 average annual salary of a credit manager.

The top three skills for a credit products officer include credit analysis, financial statements and credit quality. The most important skills for a credit manager are customer service, financial statements, and credit card.

Credit products officer vs credit manager overview

	Credit Products Officer	Credit Manager
Yearly salary	$99,608	$68,583
Hourly rate	$47.89	$32.97
Growth rate	4%	17%
Number of jobs	62,628	63,898
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 68%	Bachelor's Degree, 67%
Average age	45	46
Years of experience	6	8

Credit products officer vs credit manager salary

Credit products officers and credit managers have different pay scales, as shown below.

	Credit Products Officer	Credit Manager
Average salary	$99,608	$68,583
Salary range	Between $58,000 And $170,000	Between $39,000 And $119,000
Highest paying City	-	San Francisco, CA
Highest paying state	-	Oregon
Best paying company	-	Microsoft
Best paying industry	-	Finance

Differences between credit products officer and credit manager education

There are a few differences between a credit products officer and a credit manager in terms of educational background:

	Credit Products Officer	Credit Manager
Most common degree	Bachelor's Degree, 68%	Bachelor's Degree, 67%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Credit products officer vs credit manager demographics

Here are the differences between credit products officers' and credit managers' demographics:

	Credit Products Officer	Credit Manager
Average age	45	46
Gender ratio	Male, 48.8% Female, 51.2%	Male, 53.9% Female, 46.1%
Race ratio	Black or African American, 9.2% Unknown, 4.6% Hispanic or Latino, 16.0% Asian, 6.4% White, 63.2% American Indian and Alaska Native, 0.5%	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%
LGBT Percentage	8%	11%

Differences between credit products officer and credit manager duties and responsibilities

Credit products officer example responsibilities.

Partner with small and entrepreneurial business to develop business plans and assist business owners with achieving payroll.
Partner with small and entrepreneurial business to develop business plans and assist business owners with achieving payroll.
Implement SOX compliance for all AR audit functions.
Develop and implement credit and collection polices and controls for Sarbanes-Oxley compliance for the entire corporation and publish across all divisions.

Credit manager example responsibilities.

Manage treasury department including all cash management, bank relationships, and debt negotiations.
Manage an initiative to move customers from checks to ACH with CTX or EDI remittances.
Partner with small and entrepreneurial business to develop business plans and assist business owners with achieving payroll.
Launch the new SBA lending and residential mortgage lending programs.
Complete loan workouts and restructures on SBA 504 and LIHTC multifamily loans.
Leverage GBM using features generate on Experian's tradeline data through unsupervise learning tool Khiops.

Credit products officer vs credit manager skills

Common credit products officer skills

Credit Analysis, 29%
Financial Statements, 20%
Credit Quality, 20%
Portfolio Management, 15%
Credit Approval, 4%
Financial Analysis, 4%

Common credit manager skills

Customer Service, 16%
Financial Statements, 9%
Credit Card, 5%
Credit Risk, 5%
Credit Policy, 5%
Customer Accounts, 4%

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Credit Products Officer
Credit Products Officer vs Credit Manager

Updated January 8, 2025

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