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The differences between lead 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 lead portfolio manager and a credit manager. Additionally, a lead portfolio manager has an average salary of $131,603, which is higher than the $68,583 average annual salary of a credit manager.
The top three skills for a lead portfolio manager include project management, financial models and customer satisfaction. The most important skills for a credit manager are customer service, financial statements, and credit card.
| Lead Portfolio Manager | Credit Manager | |
| Yearly salary | $131,603 | $68,583 |
| Hourly rate | $63.27 | $32.97 |
| Growth rate | 17% | 17% |
| Number of jobs | 36,712 | 63,898 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 67% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A portfolio manager can be called a wealth manager responsible for developing and managing investment allocation for different clients. Their focus is on the critical aspect of investing money. Often, they work with individuals to assess and determine what strategy will be done for investment. They are the one who creates an investment package according to what the clients want. Also, this career provides security and protection for clients to ensure the return of investment.
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.
Lead portfolio managers and credit managers have different pay scales, as shown below.
| Lead Portfolio Manager | Credit Manager | |
| Average salary | $131,603 | $68,583 |
| Salary range | Between $83,000 And $207,000 | Between $39,000 And $119,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Alaska | Oregon |
| Best paying company | Deutsche Bank | Microsoft |
| Best paying industry | Pharmaceutical | Finance |
There are a few differences between a lead portfolio manager and a credit manager in terms of educational background:
| Lead Portfolio Manager | Credit Manager | |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between lead portfolio managers' and credit managers' demographics:
| Lead Portfolio Manager | Credit Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 69.0% Female, 31.0% | 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% |