Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between senior relationship 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 relationship manager and a credit manager. Additionally, a senior relationship manager has an average salary of $112,626, which is higher than the $68,583 average annual salary of a credit manager.
The top three skills for a senior relationship manager include business development, financial services and financial statements. The most important skills for a credit manager are customer service, financial statements, and credit card.
| Senior Relationship Manager | Credit Manager | |
| Yearly salary | $112,626 | $68,583 |
| Hourly rate | $54.15 | $32.97 |
| Growth rate | 17% | 17% |
| Number of jobs | 55,259 | 63,898 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 67% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A senior relationship manager is responsible for handling clients and customer relationships, ensuring that the team provides the highest quality service for the customers to maintain the company's excellent reputation and operational efficiency. Senior relationship managers analyze current market trends to identify business opportunities that meet the clients' demands and public interests, generating resources for revenues, and increasing the company's profitability. They also assist the marketing and sales team in developing promotional strategies for brand awareness to attract potential clients and create business partnerships.
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 relationship managers and credit managers have different pay scales, as shown below.
| Senior Relationship Manager | Credit Manager | |
| Average salary | $112,626 | $68,583 |
| Salary range | Between $78,000 And $161,000 | Between $39,000 And $119,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | New York | Oregon |
| Best paying company | Bloomberg | Microsoft |
| Best paying industry | Finance | Finance |
There are a few differences between a senior relationship manager and a credit manager in terms of educational background:
| Senior Relationship Manager | Credit Manager | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior relationship managers' and credit managers' demographics:
| Senior Relationship Manager | Credit Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 64.4% Female, 35.6% | Male, 53.9% Female, 46.1% |
| Race ratio | Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.6% Asian, 10.2% White, 63.2% 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% |