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The differences between senior portfolio managers 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 portfolio manager and a credit manager. Additionally, a senior portfolio manager has an average salary of $115,805, which is higher than the $68,583 average annual salary of a credit manager.
The top three skills for a senior portfolio manager include portfolio management, risk management and project management. The most important skills for a credit manager are customer service, financial statements, and credit card.
| Senior Portfolio Manager | Credit Manager | |
| Yearly salary | $115,805 | $68,583 |
| Hourly rate | $55.68 | $32.97 |
| Growth rate | 17% | 17% |
| Number of jobs | 45,223 | 63,898 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 67% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A senior portfolio manager is responsible for evaluating the financial portfolios of clients to identify the best investment decisions accordingly. Senior portfolio managers conduct data and statistical analysis of the financial market performance to measure the value of financial instruments and funds. They manage the buying and selling of financial securities based on the clients' specifications and requirements and regularly following the market movement to meet the clients' best interests. A senior portfolio manager must have excellent analytical and leadership skills, especially in coordinating with portfolio analysts, to determine the best courses to minimize the clients' financial loss and risks.
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 portfolio managers and credit managers have different pay scales, as shown below.
| Senior Portfolio Manager | Credit Manager | |
| Average salary | $115,805 | $68,583 |
| Salary range | Between $67,000 And $199,000 | Between $39,000 And $119,000 |
| Highest paying City | Albany, NY | San Francisco, CA |
| Highest paying state | Connecticut | Oregon |
| Best paying company | Legal & General Investment Management America | Microsoft |
| Best paying industry | Technology | Finance |
There are a few differences between a senior portfolio manager and a credit manager in terms of educational background:
| Senior Portfolio Manager | Credit Manager | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior portfolio managers' and credit managers' demographics:
| Senior Portfolio Manager | Credit Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 71.9% Female, 28.1% | Male, 53.9% Female, 46.1% |
| Race ratio | Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.1% White, 63.4% 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% |