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The differences between portfolio administrators 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 portfolio administrator and a credit manager. Additionally, a credit manager has an average salary of $68,583, which is higher than the $61,414 average annual salary of a portfolio administrator.
The top three skills for a portfolio administrator include booking, securities and CDO. The most important skills for a credit manager are customer service, financial statements, and credit card.
| Portfolio Administrator | Credit Manager | |
| Yearly salary | $61,414 | $68,583 |
| Hourly rate | $29.53 | $32.97 |
| Growth rate | 17% | 17% |
| Number of jobs | 53,690 | 63,898 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 81% | Bachelor's Degree, 67% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A Portfolio Administrator oversees financial analysts to put into practice strategies capable of augmenting the organization's portfolio. They research and choose the portfolio's industries, products, and regions and update the stakeholders and management about these investment decisions. Other duties performed by portfolio administrators include writing reports, creating investment strategies, assessing financial information, and monitoring business trends. These professionals also identify market opportunities and risks and reorganize portfolios as required to meet all the financial goals.
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.
Portfolio administrators and credit managers have different pay scales, as shown below.
| Portfolio Administrator | Credit Manager | |
| Average salary | $61,414 | $68,583 |
| Salary range | Between $34,000 And $110,000 | Between $39,000 And $119,000 |
| Highest paying City | Old Bridge, NJ | San Francisco, CA |
| Highest paying state | New Jersey | Oregon |
| Best paying company | Citi | Microsoft |
| Best paying industry | Finance | Finance |
There are a few differences between a portfolio administrator and a credit manager in terms of educational background:
| Portfolio Administrator | Credit Manager | |
| Most common degree | Bachelor's Degree, 81% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between portfolio administrators' and credit managers' demographics:
| Portfolio Administrator | Credit Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 47.9% Female, 52.1% | Male, 53.9% Female, 46.1% |
| Race ratio | Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.2% White, 63.3% 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% |