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The differences between senior credit managers and asset 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 credit manager and an asset manager. Additionally, a senior credit manager has an average salary of $133,806, which is higher than the $85,814 average annual salary of an asset manager.
The top three skills for a senior credit manager include risk management, credit risk and credit analysis. The most important skills for an asset manager are asset management, financial statements, and property management.
| Senior Credit Manager | Asset Manager | |
| Yearly salary | $133,806 | $85,814 |
| Hourly rate | $64.33 | $41.26 |
| Growth rate | 17% | 17% |
| Number of jobs | 47,642 | 64,732 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 68% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
Senior credit managers are financial professionals who are responsible for overseeing the credit granting process for a financial institution. These managers are required to develop risk management solution strategies so that the institution can maintain risk and improve profitability. They must screen the credit history of applicants as well as to conduct interviews to minimize credit risk and potential monetary loss. They must also conduct credit analysis and financial risk evaluations by gathering and analyzing all types of credit information on new and existing customers.
An asset manager is responsible for advising clients with their investment preferences and financial goals based on their assets' quantity and value. Asset managers regularly meet with their clients regarding their asset management's progress, recommending more investment options and considering the clients' needs. They manage financial portfolios and prepare stock market reports and forecasts as needed. An asset manager must have a broad knowledge of the financial industry and investment processes, identifying profit opportunities for long-term investment objectives.
Senior credit managers and asset managers have different pay scales, as shown below.
| Senior Credit Manager | Asset Manager | |
| Average salary | $133,806 | $85,814 |
| Salary range | Between $84,000 And $211,000 | Between $59,000 And $123,000 |
| Highest paying City | Las Vegas, NV | New York, NY |
| Highest paying state | Alaska | New York |
| Best paying company | Credit Karma | Deutsche Bank |
| Best paying industry | Manufacturing | Finance |
There are a few differences between a senior credit manager and an asset manager in terms of educational background:
| Senior Credit Manager | Asset Manager | |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between senior credit managers' and asset managers' demographics:
| Senior Credit Manager | Asset Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 64.2% Female, 35.8% | Male, 64.3% Female, 35.7% |
| Race ratio | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 9.9% White, 63.7% American Indian and Alaska Native, 0.3% | Black or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.0% Asian, 8.9% White, 63.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |