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The differences between senior tax 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 tax manager and a credit manager. Additionally, a senior tax manager has an average salary of $92,363, which is higher than the $68,583 average annual salary of a credit manager.
The top three skills for a senior tax manager include CPA, client relationships and taxation. The most important skills for a credit manager are customer service, financial statements, and credit card.
| Senior Tax Manager | Credit Manager | |
| Yearly salary | $92,363 | $68,583 |
| Hourly rate | $44.41 | $32.97 |
| Growth rate | 17% | 17% |
| Number of jobs | 65,323 | 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 tax manager is responsible for overseeing an organization's tax responsibilities and ensuring that the accounting processes adhere to the state regulations and local procedures. Senior tax managers evaluate tax documents and prepare tax returns timely and efficiently. They assess the accuracy of tax provisions and implement strategic methods to resolve taxation issues by conducting research on existing tax laws and obligations. A senior tax manager must have excellent communication and organizational skills, especially in coordinating with clients to inform them of their tax updates and completion.
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 tax managers and credit managers have different pay scales, as shown below.
| Senior Tax Manager | Credit Manager | |
| Average salary | $92,363 | $68,583 |
| Salary range | Between $66,000 And $128,000 | Between $39,000 And $119,000 |
| Highest paying City | Washington, DC | San Francisco, CA |
| Highest paying state | New Hampshire | Oregon |
| Best paying company | Microsoft | Microsoft |
| Best paying industry | Finance | Finance |
There are a few differences between a senior tax manager and a credit manager in terms of educational background:
| Senior Tax Manager | Credit Manager | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 67% |
| Most common major | Accounting | Business |
| Most common college | University of Southern California | University of Pennsylvania |
Here are the differences between senior tax managers' and credit managers' demographics:
| Senior Tax Manager | Credit Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 62.2% Female, 37.8% | 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% |