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The differences between institutional asset managers and credit managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 8-10 years to become an institutional asset manager, becoming a credit manager takes usually requires 6-8 years. Additionally, an institutional asset manager has an average salary of $70,086, which is higher than the $68,583 average annual salary of a credit manager.
The top three skills for an institutional asset manager include patient care, IRB and clinical trials. The most important skills for a credit manager are customer service, financial statements, and credit card.
| Institutional Asset Manager | Credit Manager | |
| Yearly salary | $70,086 | $68,583 |
| Hourly rate | $33.70 | $32.97 |
| Growth rate | 17% | 17% |
| Number of jobs | 13,659 | 63,898 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 67% |
| Average age | 47 | 46 |
| Years of experience | 10 | 8 |
Institutional asset managers and credit managers have different pay scales, as shown below.
| Institutional Asset Manager | Credit Manager | |
| Average salary | $70,086 | $68,583 |
| Salary range | Between $41,000 And $117,000 | Between $39,000 And $119,000 |
| Highest paying City | - | San Francisco, CA |
| Highest paying state | - | Oregon |
| Best paying company | - | Microsoft |
| Best paying industry | - | Finance |
There are a few differences between an institutional asset manager and a credit manager in terms of educational background:
| Institutional Asset Manager | Credit Manager | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between institutional asset managers' and credit managers' demographics:
| Institutional Asset Manager | Credit Manager | |
| Average age | 47 | 46 |
| Gender ratio | Male, 55.7% Female, 44.3% | Male, 53.9% Female, 46.1% |
| Race ratio | Black or African American, 7.5% Unknown, 4.7% Hispanic or Latino, 12.6% Asian, 8.9% White, 65.6% American Indian and Alaska Native, 0.7% | 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 | 10% | 11% |