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The differences between credit risk management directors and branch 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 risk management director and a branch manager. Additionally, a credit risk management director has an average salary of $147,122, which is higher than the $56,291 average annual salary of a branch manager.
The top three skills for a credit risk management director include SAS, derivative and alll. The most important skills for a branch manager are customer satisfaction, business development, and branch management.
| Credit Risk Management Director | Branch Manager | |
| Yearly salary | $147,122 | $56,291 |
| Hourly rate | $70.73 | $27.06 |
| Growth rate | 17% | 17% |
| Number of jobs | 87,019 | 333,883 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 65% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
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.
Branch managers oversee the company's field office. This position is usually present in industries such as banking and food service. Branch managers are responsible for all aspects of the branch operations, including, but not limited to, finances, marketing, quality control, and human resources. They ensure that the goals of the branch are met in the most efficient way possible. They balance the needs of both the organization and the employees in the department. Branch managers are also expected to have a hand in training the employees to be useful members of the organization.
Credit risk management directors and branch managers have different pay scales, as shown below.
| Credit Risk Management Director | Branch Manager | |
| Average salary | $147,122 | $56,291 |
| Salary range | Between $95,000 And $227,000 | Between $39,000 And $80,000 |
| Highest paying City | Albany, NY | Oakland, CA |
| Highest paying state | New Hampshire | Alaska |
| Best paying company | LendingClub | FNB |
| Best paying industry | Finance | Professional |
There are a few differences between a credit risk management director and a branch manager in terms of educational background:
| Credit Risk Management Director | Branch Manager | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between credit risk management directors' and branch managers' demographics:
| Credit Risk Management Director | Branch Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 72.5% Female, 27.5% | Male, 59.8% Female, 40.2% |
| Race ratio | 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% | Black or African American, 8.0% Unknown, 4.1% Hispanic or Latino, 15.4% Asian, 7.8% White, 64.3% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |