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The differences between fixed income managers and credit 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 fixed income manager and a credit manager. Additionally, a fixed income manager has an average salary of $118,511, which is higher than the $68,583 average annual salary of a credit manager.
The top three skills for a fixed income manager include fixed income, client relationships and risk management. The most important skills for a credit manager are customer service, financial statements, and credit card.
| Fixed Income Manager | Credit Manager | |
| Yearly salary | $118,511 | $68,583 |
| Hourly rate | $56.98 | $32.97 |
| Growth rate | 17% | 17% |
| Number of jobs | 39,734 | 63,898 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 67% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
To analyze, balance, set goals with the client, and ensure that these goals are achieved is the primary job of a fixed income manager. Fixed income managers are behind the monitoring of fixed-income investments, which are the options for people who like to invest but with less stress. They make investors understand how the system works, put up a specific amount, set forth the sail of the investment, and ensure that the expected earnings from it are received.
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.
Fixed income managers and credit managers have different pay scales, as shown below.
| Fixed Income Manager | Credit Manager | |
| Average salary | $118,511 | $68,583 |
| Salary range | Between $59,000 And $237,000 | Between $39,000 And $119,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Alaska | Oregon |
| Best paying company | Bloomberg | Microsoft |
| Best paying industry | Finance | Finance |
There are a few differences between a fixed income manager and a credit manager in terms of educational background:
| Fixed Income Manager | Credit Manager | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 67% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between fixed income managers' and credit managers' demographics:
| Fixed Income Manager | Credit Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 74.0% Female, 26.0% | Male, 53.9% Female, 46.1% |
| Race ratio | Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.1% White, 63.4% American Indian and Alaska Native, 0.3% | 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 | 11% | 11% |