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The differences between senior credit managers and bank 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 a bank manager. Additionally, a senior credit manager has an average salary of $133,806, which is higher than the $96,910 average annual salary of a bank manager.
The top three skills for a senior credit manager include risk management, credit risk and credit analysis. The most important skills for a bank manager are bank products, financial services, and business development.
| Senior Credit Manager | Bank Manager | |
| Yearly salary | $133,806 | $96,910 |
| Hourly rate | $64.33 | $46.59 |
| Growth rate | 17% | 17% |
| Number of jobs | 47,642 | 66,136 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 64% |
| 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.
A bank manager is responsible for supervising banking operations and monitoring staff performance in providing the best customer service for clients with their banking needs and financial transactions. Bank managers assist the staff with the complexities of processes, train new hires, and strategize the development of services that would contribute to the bank's success. They also conduct fund audits and create accounts receivable reports at the end of the day. A bank manager responds to clients' inquiries and concerns, resolve complaints, and manage account disputes.
Senior credit managers and bank managers have different pay scales, as shown below.
| Senior Credit Manager | Bank Manager | |
| Average salary | $133,806 | $96,910 |
| Salary range | Between $84,000 And $211,000 | Between $65,000 And $142,000 |
| Highest paying City | Las Vegas, NV | San Francisco, CA |
| Highest paying state | Alaska | California |
| Best paying company | Credit Karma | Accenture |
| Best paying industry | Manufacturing | Finance |
There are a few differences between a senior credit manager and a bank manager in terms of educational background:
| Senior Credit Manager | Bank Manager | |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior credit managers' and bank managers' demographics:
| Senior Credit Manager | Bank Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 64.2% Female, 35.8% | Male, 48.9% Female, 51.1% |
| 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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% White, 63.7% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |