Credit managers get short end of the payroll stick

Article Abstract:

The 1990 annual Administrative Management Society salary survey of more than 2,500 North American companies with over 28,000 exempt management employees was conducted to determine the average annual salaries of 16 middle management and four supervisory positions. The survey has revealed that credit managers often receive smaller salaries than most other positions. The salaries were broken into categories based on geographic region, business type, and company size. In the Western region, the average annual salary for credit managers was $38,000, compared to $49,000 for a sales manager. The highest average annual salary for credit managers by business type was $39,000 in the utilities, transportation, and communications category, compared to $31,300 in banking, insurance, and finance. Credit managers received an average of $32,300 annually in companies with 500 or fewer employees, compared to $38,600 for those with 500 or more.

Compensation and benefits, Surveys, Credit management, Credit managers, Administrative Management Society

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Planting the seeds of credit education

Article Abstract:

The International Credit Association (ICA) sponsored a seminar in Boca Raton, Fl, from Jun 14-17, 1992. The seminar entitled 'Train the Trainers' was a part of ICA's Challenge 2000 program. Secondary school teachers from all 50 states who have attended the conference were to be trained about credit education and impart their experience with students and co-teachers as they go back home. The program was designed to answer the need for qualified teachers of credit education who can help students learn credit and financial issues and solve related problems.

Conferences, meetings and seminars, Cover Story, Training, Study and teaching, Credit, High school teachers, International Credit Association

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