Money manager vs credit manager

The differences between money 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 money manager and a credit manager. Additionally, a money manager has an average salary of $73,231, which is higher than the $68,583 average annual salary of a credit manager.

The top three skills for a money manager include BSA, anti-money laundering and bank secrecy act. The most important skills for a credit manager are customer service, financial statements, and credit card.

Money manager vs credit manager overview

	Money Manager	Credit Manager
Yearly salary	$73,231	$68,583
Hourly rate	$35.21	$32.97
Growth rate	17%	17%
Number of jobs	58,982	63,898
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 59%	Bachelor's Degree, 67%
Average age	46	46
Years of experience	8	8

Money manager vs credit manager salary

Money managers and credit managers have different pay scales, as shown below.

	Money Manager	Credit Manager
Average salary	$73,231	$68,583
Salary range	Between $47,000 And $112,000	Between $39,000 And $119,000
Highest paying City	-	San Francisco, CA
Highest paying state	-	Oregon
Best paying company	-	Microsoft
Best paying industry	-	Finance

Differences between money manager and credit manager education

There are a few differences between a money manager and a credit manager in terms of educational background:

	Money Manager	Credit Manager
Most common degree	Bachelor's Degree, 59%	Bachelor's Degree, 67%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Money manager vs credit manager demographics

Here are the differences between money managers' and credit managers' demographics:

	Money Manager	Credit Manager
Average age	46	46
Gender ratio	Male, 43.5% Female, 56.5%	Male, 53.9% Female, 46.1%
Race ratio	Black or African American, 7.4% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 64.0% 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 money manager and credit manager duties and responsibilities

Money manager example responsibilities.

Decrease manual processing time by successfully managing the implementation of a new software system for the BSA unit.
Assist clients with addressing BSA, AML & OFAC requirements resulting from regulatory actions against the clients.
Process fundamental and technical analysis for strategic trading of equities.
Assist in implementing effective procedures for the ACH department.
Perform daily vault balancing, ATM servicing and transaction approvals.
Review portfolio positioning and investment results with clients, consultants, and prospects.

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.

Money manager vs credit manager skills

Common money manager skills

BSA, 18%
Anti-Money Laundering, 15%
Bank Secrecy Act, 11%
OFAC, 9%
Transaction Monitoring, 8%
Risk Management, 7%

Common credit manager skills

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