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The differences between senior manageds and credit 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 managed and a credit manager. Additionally, a senior managed has an average salary of $107,923, which is higher than the $68,583 average annual salary of a credit manager.
The top three skills for a senior managed include project management, portfolio and emerging technologies. The most important skills for a credit manager are customer service, financial statements, and credit card.
| Senior Managed | Credit Manager | |
| Yearly salary | $107,923 | $68,583 |
| Hourly rate | $51.89 | $32.97 |
| Growth rate | 17% | 17% |
| Number of jobs | 49,112 | 63,898 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 67% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
Senior managers are responsible for organizing and managing the performance of a group of individuals. They observe their work and rectify actions when necessary. These managers usually direct the most important group in the company and may supervise the workers directly or guide their supervisors that in turn, managed them. Their duties include controlling the overall financial budgeting. Also, they approve hiring and firing requests within the company and guide the distinguishing of talents as well as the growth processes for the function. Additionally, they work with senior management and other peers for the establishment of strategies and implementation planning.
A credit manager is an individual who supervises the credit granting process for a company by evaluating the creditworthiness of potential customers. Credit managers must maintain corporate credit policy to optimize company sales and reduce bad debt losses. They must manage the proper relationship with agencies such as the collection agency, credit insurance providers, and the sales department. Credit managers may work in different industries such as banks, accounting firms, or auto dealerships. They must also possess a bachelor's degree in financial management or related field.
Senior manageds and credit managers have different pay scales, as shown below.
| Senior Managed | Credit Manager | |
| Average salary | $107,923 | $68,583 |
| Salary range | Between $71,000 And $162,000 | Between $39,000 And $119,000 |
| Highest paying City | Sacramento, CA | San Francisco, CA |
| Highest paying state | Washington | Oregon |
| Best paying company | Walmart | Microsoft |
| Best paying industry | Technology | Finance |
There are a few differences between a senior managed and a credit manager in terms of educational background:
| Senior Managed | Credit Manager | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Stanford University | University of Pennsylvania |
Here are the differences between senior manageds' and credit managers' demographics:
| Senior Managed | Credit Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 61.6% Female, 38.4% | Male, 53.9% Female, 46.1% |
| Race ratio | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.1% White, 63.6% American Indian and Alaska Native, 0.3% | Black or African American, 7.9% Unknown, 4.1% Hispanic or Latino, 15.3% Asian, 7.8% White, 64.5% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |