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The differences between senior credit managers and branch 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 branch manager. Additionally, a senior credit manager has an average salary of $133,806, which is higher than the $56,291 average annual salary of a branch manager.
The top three skills for a senior credit manager include risk management, credit risk and credit analysis. The most important skills for a branch manager are customer satisfaction, business development, and branch management.
| Senior Credit Manager | Branch Manager | |
| Yearly salary | $133,806 | $56,291 |
| Hourly rate | $64.33 | $27.06 |
| Growth rate | 17% | 17% |
| Number of jobs | 47,642 | 333,883 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 65% |
| 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.
Branch managers oversee the company's field office. This position is usually present in industries such as banking and food service. Branch managers are responsible for all aspects of the branch operations, including, but not limited to, finances, marketing, quality control, and human resources. They ensure that the goals of the branch are met in the most efficient way possible. They balance the needs of both the organization and the employees in the department. Branch managers are also expected to have a hand in training the employees to be useful members of the organization.
Senior credit managers and branch managers have different pay scales, as shown below.
| Senior Credit Manager | Branch Manager | |
| Average salary | $133,806 | $56,291 |
| Salary range | Between $84,000 And $211,000 | Between $39,000 And $80,000 |
| Highest paying City | Las Vegas, NV | Oakland, CA |
| Highest paying state | Alaska | Alaska |
| Best paying company | Credit Karma | FNB |
| Best paying industry | Manufacturing | Professional |
There are a few differences between a senior credit manager and a branch manager in terms of educational background:
| Senior Credit Manager | Branch Manager | |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between senior credit managers' and branch managers' demographics:
| Senior Credit Manager | Branch Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 64.2% Female, 35.8% | Male, 59.8% Female, 40.2% |
| 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, 8.0% Unknown, 4.1% Hispanic or Latino, 15.4% Asian, 7.8% White, 64.3% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |