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The differences between fixed income portfolio 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 portfolio manager and a credit manager. Additionally, a fixed income portfolio manager has an average salary of $111,730, which is higher than the $68,583 average annual salary of a credit manager.
The top three skills for a fixed income portfolio manager include fixed income, macro and risk management. The most important skills for a credit manager are customer service, financial statements, and credit card.
| Fixed Income Portfolio Manager | Credit Manager | |
| Yearly salary | $111,730 | $68,583 |
| Hourly rate | $53.72 | $32.97 |
| Growth rate | 17% | 17% |
| Number of jobs | 35,865 | 63,898 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 67% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A fixed income portfolio manager must be able to work closely with their clients to achieve the best cash flows for their best interest. They implement strategies that can help in increasing their client's profits from their fixed-income investments. They also select, monitor, and analyze securities that may help in ensuring benefits for their clients. They also help their client understand the various tax restrictions applicable to every client portfolio so that each goal is achieved.
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 portfolio managers and credit managers have different pay scales, as shown below.
| Fixed Income Portfolio Manager | Credit Manager | |
| Average salary | $111,730 | $68,583 |
| Salary range | Between $59,000 And $210,000 | Between $39,000 And $119,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Alaska | Oregon |
| Best paying company | MUFG EMEA | Microsoft |
| Best paying industry | Health Care | Finance |
There are a few differences between a fixed income portfolio manager and a credit manager in terms of educational background:
| Fixed Income Portfolio Manager | Credit Manager | |
| Most common degree | Bachelor's Degree, 74% | 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 portfolio managers' and credit managers' demographics:
| Fixed Income Portfolio Manager | Credit Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 81.7% Female, 18.3% | Male, 53.9% Female, 46.1% |
| Race ratio | Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.6% Asian, 10.2% White, 63.1% 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% |