We have quantified observed differences in the microstructure and rheology of creaming emulsions stabilized by protein and low molecular weight surfactants. In this study, we made two sets of emulsions from a single parent emulsion, which differed only in their interfacial composition (i.e., either protein or surfactant). The protein studied was whey protein isolate. The zeta potential of the surfactant-stabilized emulsion was controlled by mixing anionic (SDS) and nonionic (Brij 35) surfactants to match the zeta potential of the protein-stabilized emulsion. Despite this, ultrasonic creaming measurements and confocal microscopy showed that the structures within the cream layers were different between the two sets of emulsions. The protein-stabilized emulsions appeared to slow or arrest the packing within the cream, leading to a lower density network of emulsion droplets, whereas the surfactant emulsion droplets rearranged more quickly into a well-packed, concentrated cream layer. Rheological analysis of the creams showed that despite the protein-stabilized emulsions having a lower dispersed phase volume fraction, their elastic modulus was approximately 30 times greater than that of a comparable surfactant-stabilized emulsion. These differences were caused by the ability of the protein to form a highly viscoelastic interfacial network around the droplets which may include intermolecular covalent cross-links. At close range the adhesive nature of the interaction between the layers contributes to the microstructure and rheology of concentrated emulsions. This is the first time that such well-defined emulsion systems have been studied in detail both noninvasively to look at the impact on creaming and also invasively to look at the impact on bulk rheological properties.