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The differences between risk management interns 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 risk management internship and a credit manager. Additionally, a credit manager has an average salary of $68,583, which is higher than the $46,800 average annual salary of a risk management internship.
The top three skills for a risk management internship include risk management, powerpoint and python. The most important skills for a credit manager are customer service, financial statements, and credit card.
| Risk Management Internship | Credit Manager | |
| Yearly salary | $46,800 | $68,583 |
| Hourly rate | $22.50 | $32.97 |
| Growth rate | 17% | 17% |
| Number of jobs | 120,198 | 63,898 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 67% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A risk management intern is responsible for assisting the risk management department in identifying potential risks on business functions and developing risk controls and procedures upon risk assessment. Risk management interns perform administrative duties under the supervision of tenured staff or a direct manager, such as writing risk evaluation reports, monitoring system failures, determining the risk levels, and supporting the implementation of business continuity plans. A risk management intern must have excellent communication and analytical skills, especially when conducting data analysis and reporting critical findings to the supervisor.
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.
Risk management interns and credit managers have different pay scales, as shown below.
| Risk Management Internship | Credit Manager | |
| Average salary | $46,800 | $68,583 |
| Salary range | Between $25,000 And $86,000 | 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 a risk management internship and a credit manager in terms of educational background:
| Risk Management Internship | Credit Manager | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 67% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between risk management interns' and credit managers' demographics:
| Risk Management Internship | Credit Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 56.1% Female, 43.9% | Male, 53.9% Female, 46.1% |
| Race ratio | Black or African American, 8.0% Unknown, 4.1% Hispanic or Latino, 11.9% Asian, 11.4% White, 64.3% 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% |