Manager, asset management vs credit manager

The differences between managers, asset management 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 manager, asset management and a credit manager. Additionally, a manager, asset management has an average salary of $84,570, which is higher than the $68,583 average annual salary of a credit manager.

The top three skills for a manager, asset management include asset management, process improvement and patient care. The most important skills for a credit manager are customer service, financial statements, and credit card.

Manager, asset management vs credit manager overview

	Manager, Asset Management	Credit Manager
Yearly salary	$84,570	$68,583
Hourly rate	$40.66	$32.97
Growth rate	17%	17%
Number of jobs	116,330	63,898
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 64%	Bachelor's Degree, 67%
Average age	46	46
Years of experience	8	8

What does a manager, asset management do?

A manager of asset management specializes in performing research and analysis to identify ideal asset investments for clients such as stocks, bonds, real estate, and other commodities. Their responsibilities revolve around liaising with clients to identify their needs and long-term goals, trading and managing investments upon clients' request or approval, assisting and monitoring asset acquisition, conducting risk analyses and assessments, and managing portfolios. Furthermore, as a manager, it is essential to lead and encourage the asset management team to reach goals, all while adhering to the company and clients' vision and mission.

What does a credit manager do?

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.

Manager, asset management vs credit manager salary

Managers, asset management and credit managers have different pay scales, as shown below.

	Manager, Asset Management	Credit Manager
Average salary	$84,570	$68,583
Salary range	Between $49,000 And $145,000	Between $39,000 And $119,000
Highest paying City	Hartford, CT	San Francisco, CA
Highest paying state	Connecticut	Oregon
Best paying company	Willkie Farr & Gallagher	Microsoft
Best paying industry	Finance	Finance

Differences between manager, asset management and credit manager education

There are a few differences between a manager, asset management and a credit manager in terms of educational background:

	Manager, Asset Management	Credit Manager
Most common degree	Bachelor's Degree, 64%	Bachelor's Degree, 67%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Manager, asset management vs credit manager demographics

Here are the differences between managers, asset management' and credit managers' demographics:

	Manager, Asset Management	Credit Manager
Average age	46	46
Gender ratio	Male, 57.2% Female, 42.8%	Male, 53.9% Female, 46.1%
Race ratio	Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 10.1% White, 63.6% 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%

Differences between manager, asset management and credit manager duties and responsibilities

Manager, asset management example responsibilities.

Manage a $60MM budget including the direct management and oversight of multiple performing suppliers.
Lead process-engineering staff, responsible for creating and enhancing end-to-end SDLC business process for provisioning and network operations.
Manage all client communications including scheduling and management of governance meetings, status reporting and knowledge management activities using SharePoint.
Create various Hyperion reports and presentation decks for management teams.
Assist in determining appropriate level of revenue recognition in accordance with GAAP.
Maintain system controls, supervise and groom accounting teams to make sure they stay GAAP compliant.

Credit manager example responsibilities.

Manage treasury department including all cash management, bank relationships, and debt negotiations.
Manage an initiative to move customers from checks to ACH with CTX or EDI remittances.
Partner with small and entrepreneurial business to develop business plans and assist business owners with achieving payroll.
Launch the new SBA lending and residential mortgage lending programs.
Complete loan workouts and restructures on SBA 504 and LIHTC multifamily loans.
Leverage GBM using features generate on Experian's tradeline data through unsupervise learning tool Khiops.

Manager, asset management vs credit manager skills

Common manager, asset management skills

Asset Management, 12%
Process Improvement, 7%
Patient Care, 6%
Direct Reports, 6%
Oversight, 5%
Project Management, 5%

Common credit manager skills

Customer Service, 16%
Financial Statements, 9%
Credit Card, 5%
Credit Risk, 5%
Credit Policy, 5%
Customer Accounts, 4%

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Executive Management Industry
Manager, Asset Management
Manager, Asset Management vs Credit Manager

Updated January 8, 2025

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