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The differences between senior credit managers and senior finance 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 senior finance manager. Additionally, a senior credit manager has an average salary of $133,806, which is higher than the $133,358 average annual salary of a senior finance manager.
The top three skills for a senior credit manager include risk management, credit risk and credit analysis. The most important skills for a senior finance manager are hyperion, financial performance, and financial analysis.
| Senior Credit Manager | Senior Finance Manager | |
| Yearly salary | $133,806 | $133,358 |
| Hourly rate | $64.33 | $64.11 |
| Growth rate | 17% | 17% |
| Number of jobs | 47,642 | 139,639 |
| 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.
A senior finance manager is an individual who supervises financial department staff members as well as monitors the daily financial operations within a company. Senior finance managers must keep track of the financial status and performance of the company so that they can identify areas for potential improvement. They review financial data and prepare reports to be presented to the management to help them in their business decision making. Senior finance managers must also maintain policies within the company and should have a deep understanding of financial regulations and legislations.
Senior credit managers and senior finance managers have different pay scales, as shown below.
| Senior Credit Manager | Senior Finance Manager | |
| Average salary | $133,806 | $133,358 |
| Salary range | Between $84,000 And $211,000 | Between $95,000 And $185,000 |
| Highest paying City | Las Vegas, NV | San Francisco, CA |
| Highest paying state | Alaska | California |
| Best paying company | Credit Karma | Roku |
| Best paying industry | Manufacturing | Professional |
There are a few differences between a senior credit manager and a senior finance manager in terms of educational background:
| Senior Credit Manager | Senior Finance Manager | |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 68% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior credit managers' and senior finance managers' demographics:
| Senior Credit Manager | Senior Finance Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 64.2% Female, 35.8% | Male, 70.3% Female, 29.7% |
| 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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% White, 63.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |