Credit Management
Credit management is the process of granting credit, setting the terms it's granted on, recovering this credit when it's due, and ensuring compliance with company credit policy, among other credit related functions. The goal within a bank or company in controlling credit is to improve revenues and profit by facilitating sales and reducing financial risks.
A credit manager is a person employed by an organization to manage the credit department and make decisions concerning credit limits, acceptable levels of risk, terms of payment and enforcement actions with their customers. This function is often combined with Accounts Receivable and Collections into one department of a company. The role of credit manager is variable in its scope and Credit managers are responsible for:
Credit managers tend to fall into one of three groups due to the differing specialty legal and jurisdictional knowledge required:
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Matching Credit Management Colleges
Alexandria Technical & Community College
At least 2 but less than 4 years; Public; $5,293 average out-state tuition; $5,293 average in-state tuition |
St Cloud Technical and Community College
At least 2 but less than 4 years; Public; $5,209 average out-state tuition; $5,209 average in-state tuition |
Scholarships for Credit Management Majors
Goldman Sachs MBA FellowshipGoldman Sachs and Co. |
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award Up to $75,000 |
deadline Varies |
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Siebel Scholars ProgramSiebel Scholars Foundation |
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award $35,000 |
deadline Varies |
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Jesse Jackson Fellows - Toyota ScholarshipPUSH Excel |
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award Up to $25,000 |
deadline May 31, 2024 |
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Besio Family ScholarshipUniversity of Notre Dame |
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award $25,000 |
deadline January 01, 2025 |
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ROMBA LGBT+ FellowshipReaching Out |
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award $20,000 |
deadline Varies |
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Huizenga Business Innovation Academy ScholarshipNova Southeastern University |
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award $20,000 |
deadline Varies |
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KMF Professional Excellence Scholarship ProgramKohlberg-Manacher Foundation |
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award $15,000 |
deadline June 01, 2024 |
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Women in Business - Miss America PageantMiss America Pageant |
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award Up to $10,000 |
deadline Varies |
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Christine and Clarence Day Business ScholarshipUniversity of Mississippi |
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award $10,000 |
deadline Varies |
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3M Business Development FellowshipUniversity of Minnesota, Carlson School of Management |
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award $10,000 |
deadline Varies |
Credit Management Related Majors
- Business Administration, Management and Operations
- Business, Management, and Marketing
- Marketing
- Accounting and Business/Management
- Finance and Financial Management Services
- Accounting and Finance
- International Business
- Fashion Merchandising
- Human Resources Management and Services
- Entrepreneurial and Small Business Operations
- Business and Personal/Financial Services Marketing Operations
- Hospitality Administration/Management
- Real Estate
- Business
- Management Information Systems and Services
- Fashion Modeling
- Small Business Administration/Management
- Business/Managerial Economics
- Entrepreneurship/Entrepreneurial Studies
- Construction Management