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The differences between credit products officers and credit officers 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 officer takes usually requires 1-2 years. Additionally, a credit officer has an average salary of $129,478, which is higher than the $99,608 average annual salary of a credit products officer.
The top three skills for a credit products officer include credit analysis, financial statements and credit quality. The most important skills for a credit officer are risk management, credit risk, and credit analysis.
| Credit Products Officer | Credit Officer | |
| Yearly salary | $99,608 | $129,478 |
| Hourly rate | $47.89 | $62.25 |
| Growth rate | 4% | 17% |
| Number of jobs | 62,628 | 60,323 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 69% |
| Average age | 45 | 39 |
| Years of experience | 6 | 2 |
Credit products officers and credit officers have different pay scales, as shown below.
| Credit Products Officer | Credit Officer | |
| Average salary | $99,608 | $129,478 |
| Salary range | Between $58,000 And $170,000 | Between $85,000 And $196,000 |
| Highest paying City | - | New York, NY |
| Highest paying state | - | New York |
| Best paying company | - | Farm Credit System |
| Best paying industry | - | Finance |
There are a few differences between a credit products officer and a credit officer in terms of educational background:
| Credit Products Officer | Credit Officer | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 69% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between credit products officers' and credit officers' demographics:
| Credit Products Officer | Credit Officer | |
| Average age | 45 | 39 |
| Gender ratio | Male, 48.8% Female, 51.2% | Male, 64.4% Female, 35.6% |
| 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, 8.0% Unknown, 2.7% Hispanic or Latino, 9.7% Asian, 10.7% White, 68.6% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 8% | 11% |