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The differences between credit risk analysts and credit risk management directors can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become a credit risk analyst, becoming a credit risk management director takes usually requires 6-8 years. Additionally, a credit risk management director has an average salary of $147,122, which is higher than the $85,376 average annual salary of a credit risk analyst.
The top three skills for a credit risk analyst include risk management, SAS and SQL. The most important skills for a credit risk management director are SAS, derivative, and alll.
| Credit Risk Analyst | Credit Risk Management Director | |
| Yearly salary | $85,376 | $147,122 |
| Hourly rate | $41.05 | $70.73 |
| Growth rate | 11% | 17% |
| Number of jobs | 32,578 | 87,019 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 75% |
| Average age | 39 | 46 |
| Years of experience | 2 | 8 |
A credit risk analyst's primary role is to assess loan and purchase applications to determine a client's ability to uphold financial obligations. Their responsibilities revolve around performing various analyzation techniques to evaluate financial risks, maintain records of all applications and relevant data, and provide advice on businesses on whether to approve or decline the credit application. Furthermore, a credit risk analyst may perform clerical tasks such as producing progress reports and presentations, responding to inquiries, and coordinating with all departments.
A credit risk management director spearheads and oversees the credit management activities of an organization, ensuring operations run smoothly and efficiently according to company standards and regulations. They have the authority to make significant decisions, coordinate managers and supervisors, delegate responsibilities, negotiate and build positive relationships with external parties, and implement programs that will optimize company operations. They also participate in recruiting and hiring staff, developing plans and strategies, and engaging with clients. Additionally, a credit risk management director empowers employees and implements company policies, creating new ones as necessary.
Credit risk analysts and credit risk management directors have different pay scales, as shown below.
| Credit Risk Analyst | Credit Risk Management Director | |
| Average salary | $85,376 | $147,122 |
| Salary range | Between $62,000 And $116,000 | Between $95,000 And $227,000 |
| Highest paying City | New York, NY | Albany, NY |
| Highest paying state | New York | New Hampshire |
| Best paying company | Western Alliance Bank | LendingClub |
| Best paying industry | Government | Finance |
There are a few differences between a credit risk analyst and a credit risk management director in terms of educational background:
| Credit Risk Analyst | Credit Risk Management Director | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 75% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between credit risk analysts' and credit risk management directors' demographics:
| Credit Risk Analyst | Credit Risk Management Director | |
| Average age | 39 | 46 |
| Gender ratio | Male, 56.4% Female, 43.6% | Male, 72.5% Female, 27.5% |
| Race ratio | Black or African American, 7.6% Unknown, 2.6% Hispanic or Latino, 9.5% Asian, 10.5% White, 69.4% American Indian and Alaska Native, 0.3% | Black or African American, 7.4% Unknown, 4.1% Hispanic or Latino, 14.1% Asian, 10.0% White, 64.1% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |