by our College Data Analytics TeamThis represents a 30.0% increase in credit management degrees awarded over the prior year's total of 7.
Continue reading to check out one of our many unbiased rankings of credit management programs later in this article.
Credit Management majors are found most commonly in careers in which using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems is important. Required skills include giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times and talking to others to convey information effectively.
New students will need to have completed high school or a GED program and each school will have their own minimum GPA and SAT/ACT test requirements. Once you obtain your degree, additional credit management certifications required to pursue a career in this field.
There are various different levels of credit management degrees. Credit Management programs offered by schools range from a to a , which is the highest credit management degree you can get. Different credit management degrees vary in how long they take.
| Degree | Credit Requirements | Typical Program Length |
|---|---|---|
| Associate Degree | 60-70 credits | 2 years |
| Bachelor’s Degree | 120 credits | 4 years |
| Master’s Degree | 50-70 credits | 1-3 years |
| Doctorate | Program required coursework including thesis or dissertation | At least 4 years |
A bachelor's degree is the most common level of education achieved by those in careers related to credit management, with approximately 43.5% of workers getting one. See the the most common levels of education for credit management workers below.
| Level of Education | Percentage of Workers |
|---|---|
| Bachelor’s Degree | 42.7% |
| High School Diploma | 15.8% |
| Associate’s Degree (or other 2-year degree) | 15.3% |
| Some College Courses | 11.1% |
| Post-Secondary Certificate | 6.4% |
65.6% of credit management workers have at least a associate. See the chart below for the most common degree level workers in credit management have received.
The education level required is different depending on the credit management career you are seeking.
Want a job when you graduate with your credit management degree? Credit Management careers are expected to grow 15.5% between 2016 and 2026.
The following options are some of the most in-demand careers related to credit management.
| Occupation Name | Projected Jobs | Expected Growth |
|---|---|---|
| Financial Managers | 689,000 | 18.7% |
| Loan Officers | 354,900 | 11.4% |
| Credit Analysts | 79,900 | 8.3% |
| Credit Counselors | 43,600 | 13.8% |
As you might expect, salaries for credit management graduates vary depending on the level of education that was acquired.
Salaries for credit management graduates can vary widely by the occupation you choose as well. The following table shows the top highest paying careers credit management grads often go into.
| Occupation Name | Median Average Salary |
|---|---|
| Financial Managers | $146,830 |
| Credit Analysts | $82,300 |
| Loan Officers | $76,270 |
| Credit Counselors | $49,820 |
With over 3 different credit management degree programs to choose from, finding the best fit for you can be a challenge. Fortunately you have come to the right place. We have analyzed all of these schools to come up with hundreds of unbiased credit management school rankings to help you with this.
Credit Management is one of 8 different types of Finance & Financial Management programs to choose from.
| Related Major | Annual Graduates |
|---|---|
| Finance | 51,779 |
| Financial Planning & Services | 4,087 |
| Banking and Financial Support Services | 1,022 |
| Other Finance and Financial Management Services | 362 |
| Investments and Securities | 346 |
Image Credit: By Dave Dugdale under License More about our data sources and methodologies.