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The differences between senior credit managers and portfolio 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 portfolio manager. Additionally, a senior credit manager has an average salary of $133,806, which is higher than the $114,671 average annual salary of a portfolio manager.
The top three skills for a senior credit manager include risk management, credit risk and credit analysis. The most important skills for a portfolio manager are portfolio management, customer service, and risk management.
| Senior Credit Manager | Portfolio Manager | |
| Yearly salary | $133,806 | $114,671 |
| Hourly rate | $64.33 | $55.13 |
| Growth rate | 17% | 17% |
| Number of jobs | 47,642 | 43,192 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 71% |
| 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 portfolio manager is responsible for managing the clients' investment portfolios to advise them of the best investment plans to achieve their financial goals and objectives. Portfolio managers determine the most suitable options by evaluating the clients' credit score and risk potential and the client's financial background. A portfolio manager should be highly knowledgeable and updated with the recent financial industry changes to decide on investment plans with maximum returns.
Senior credit managers and portfolio managers have different pay scales, as shown below.
| Senior Credit Manager | Portfolio Manager | |
| Average salary | $133,806 | $114,671 |
| Salary range | Between $84,000 And $211,000 | Between $66,000 And $198,000 |
| Highest paying City | Las Vegas, NV | Stamford, CT |
| Highest paying state | Alaska | Connecticut |
| Best paying company | Credit Karma | The Citadel |
| Best paying industry | Manufacturing | Finance |
There are a few differences between a senior credit manager and a portfolio manager in terms of educational background:
| Senior Credit Manager | Portfolio Manager | |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior credit managers' and portfolio managers' demographics:
| Senior Credit Manager | Portfolio Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 64.2% Female, 35.8% | Male, 66.6% Female, 33.4% |
| 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, 14.4% Asian, 10.1% White, 63.6% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |