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The differences between trust officers 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 trust officer and a credit manager. Additionally, a credit manager has an average salary of $68,583, which is higher than the $61,493 average annual salary of a trust officer.
The top three skills for a trust officer include real estate, portfolio and wealth management. The most important skills for a credit manager are customer service, financial statements, and credit card.
| Trust Officer | Credit Manager | |
| Yearly salary | $61,493 | $68,583 |
| Hourly rate | $29.56 | $32.97 |
| Growth rate | 17% | 17% |
| Number of jobs | 56,623 | 63,898 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 67% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
Trust officers are professionals who are responsible for administering trust account portfolios of their clients. These officers are required to develop business relationships with their clients by responding to the request of their clients and facilitating internal service coordination to resolve issues. They must handle activities that are associated with personal or corporate trust while providing consultation on matters related to finance and wealth. Trust officers usually work in the financial industry and report directly to a manager or head of a department.
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.
Trust officers and credit managers have different pay scales, as shown below.
| Trust Officer | Credit Manager | |
| Average salary | $61,493 | $68,583 |
| Salary range | Between $30,000 And $121,000 | Between $39,000 And $119,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | Connecticut | Oregon |
| Best paying company | Neuberger Berman | Microsoft |
| Best paying industry | Finance | Finance |
There are a few differences between a trust officer and a credit manager in terms of educational background:
| Trust Officer | Credit Manager | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between trust officers' and credit managers' demographics:
| Trust Officer | Credit Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 48.1% Female, 51.9% | Male, 53.9% Female, 46.1% |
| Race ratio | Black or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.0% Asian, 8.4% White, 64.4% 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% |