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The differences between senior credit managers and tax 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 tax manager. Additionally, a senior credit manager has an average salary of $133,806, which is higher than the $96,100 average annual salary of a tax manager.
The top three skills for a senior credit manager include risk management, credit risk and credit analysis. The most important skills for a tax manager are CPA, client relationships, and tax planning.
| Senior Credit Manager | Tax Manager | |
| Yearly salary | $133,806 | $96,100 |
| Hourly rate | $64.33 | $46.20 |
| Growth rate | 17% | 17% |
| Number of jobs | 47,642 | 79,204 |
| 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 Tax Manager is responsible for managing tax reporting and compliance within an organization. They provide innovative tax planning and prepare state and federal tax returns for companies.
Senior credit managers and tax managers have different pay scales, as shown below.
| Senior Credit Manager | Tax Manager | |
| Average salary | $133,806 | $96,100 |
| Salary range | Between $84,000 And $211,000 | Between $70,000 And $131,000 |
| Highest paying City | Las Vegas, NV | San Francisco, CA |
| Highest paying state | Alaska | New York |
| Best paying company | Credit Karma | Meta |
| Best paying industry | Manufacturing | Finance |
There are a few differences between a senior credit manager and a tax manager in terms of educational background:
| Senior Credit Manager | Tax 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 Southern California |
Here are the differences between senior credit managers' and tax managers' demographics:
| Senior Credit Manager | Tax Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 64.2% Female, 35.8% | Male, 58.5% Female, 41.5% |
| 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% |