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The differences between senior credit managers and audit 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 audit manager. Additionally, a senior credit manager has an average salary of $133,806, which is higher than the $121,419 average annual salary of an audit manager.
The top three skills for a senior credit manager include risk management, credit risk and credit analysis. The most important skills for an audit manager are CPA, internal audit, and audit reports.
| Senior Credit Manager | Audit Manager | |
| Yearly salary | $133,806 | $121,419 |
| Hourly rate | $64.33 | $58.37 |
| Growth rate | 17% | 17% |
| Number of jobs | 47,642 | 70,168 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 75% |
| 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 audit manager is responsible for the complete audit process of finances in an organization. They work for banks and report directly to the audit committee. Based on findings gathered, a financial institution can gain vision into their variance and overall performance. They are also responsible for scheduling audits, initiating departmental audits, consolidation, and analysis of audit reports, and reviewing accounting procedures. Moreover, part of their tasks is to create audit finding presentations to be presented to the audit committee. It requires a high amount of accountability to be an effective audit manager.
Senior credit managers and audit managers have different pay scales, as shown below.
| Senior Credit Manager | Audit Manager | |
| Average salary | $133,806 | $121,419 |
| Salary range | Between $84,000 And $211,000 | Between $82,000 And $178,000 |
| Highest paying City | Las Vegas, NV | Portland, ME |
| Highest paying state | Alaska | Maine |
| Best paying company | Credit Karma | Meta |
| Best paying industry | Manufacturing | Manufacturing |
There are a few differences between a senior credit manager and an audit manager in terms of educational background:
| Senior Credit Manager | Audit Manager | |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 75% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior credit managers' and audit managers' demographics:
| Senior Credit Manager | Audit Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 64.2% Female, 35.8% | Male, 66.0% Female, 34.0% |
| 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, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |