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The differences between senior branch 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 senior branch manager and a credit manager. Additionally, a credit manager has an average salary of $68,583, which is higher than the $52,417 average annual salary of a senior branch manager.
The top three skills for a senior branch manager include risk management, sales targets and performance management. The most important skills for a credit manager are customer service, financial statements, and credit card.
| Senior Branch Manager | Credit Manager | |
| Yearly salary | $52,417 | $68,583 |
| Hourly rate | $25.20 | $32.97 |
| Growth rate | 17% | 17% |
| Number of jobs | 55,126 | 63,898 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 67% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A Senior Branch Manager oversees an establishment's daily operations, aiming to meet sales targets and daily objectives. They are responsible for setting goals, managing staff and schedules, establishing guidelines and budgets, delegating duties among teams, coordinating with internal and external parties, conducting research, addressing issues and concerns, and developing strategies to optimize operations and reach sales targets. Moreover, a Senior Branch Manager must lead and serve as a mentor to junior managers, all while implementing its policies and regulations.
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.
Senior branch managers and credit managers have different pay scales, as shown below.
| Senior Branch Manager | Credit Manager | |
| Average salary | $52,417 | $68,583 |
| Salary range | Between $38,000 And $70,000 | 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 senior branch manager and a credit manager in terms of educational background:
| Senior Branch Manager | Credit Manager | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Stanford University | University of Pennsylvania |
Here are the differences between senior branch managers' and credit managers' demographics:
| Senior Branch Manager | Credit Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 59.4% Female, 40.6% | Male, 53.9% Female, 46.1% |
| Race ratio | Black or African American, 7.7% Unknown, 4.1% Hispanic or Latino, 14.8% Asian, 8.9% White, 64.2% 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% |