Chief Credit Officer Salary

Pay for Chief Credit Officers in the United States sits in the ballpark of $118K per year. In the world of Chief Credit Officers, overall cash allowance can occasionally include more than $39K from bonuses and, in some exceptional cases, $46K from profit sharing, causing incomes to vary widely between $84K and $195K. Almost all enjoy medical while a fair number get dental coverage. Vision coverage is also available to more than half. Men make up the vast majority of Chief Credit Officers (86 percent) who took the survey. Job satisfaction is reported as high by the vast majority of workers. This snapshot results from replies to PayScale's salary survey.

$81,952 - $176,264
MEDIAN: $117,899

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
$81,952 - $176,264  
$0.00 - $38,664  
Profit Sharing
$1,000 - $46,250  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
$84,072 - $195,388  
Country: United States | Currency: USD | Updated: 20 Sep 2015 | Individuals Reporting: 211
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Job Description for Chief Credit Officer

A chief credit officer is a senior company executive whose job is to develop and manage a company's overall credit strategy. Those in this position develop credit risk strategies and oversee loan portfolios with the objective of maintaining high-quality borrowing strategies, and implementing risk-mitigation strategies, for the company.


Chief Credit Officer Tasks

  • Ensure compliance with regulations, credit delivery systems, and reporting credit related activities.
  • Direct the credit division and oversee loan portfolios with an eye for risk management.
  • Utilize an established network of contacts to initiate, lead, and negotiate business transactions for long and short-term credit loans.
  • Provide recommendations for policy revisions and advise lending management on potential risk.

Chief Credit Officer Job Listings

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Chief Credit Officers who responded to the survey indicated only a few skills that they use on the job. Most notably, skills in Risk Management / Risk Control, Credit Control, Financial Analysis, and Loan Underwriting are correlated to pay that is above average. Skills that seem to negatively impact pay include Loan Underwriting and Financial Analysis. Aptitude in Credit Control tends to also indicate an understanding of Financial Analysis.

Pay by Experience Level for

Median of all compensation (including tips, bonus, and overtime) by years of experience.

For many Chief Credit Officers, experience and pay levels seem to be correlated; more years in the business generally lead to more money. Workers in their first five years can expect to earn $84K, but people who have been around for five to 10 years earn a noticeably bigger sum of $108K. Chief Credit Officers see a median salary of $121K after reaching one to two decades on the job. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $132K.

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Experience Affects Salaries

up arrow 6%

National Average

up arrow 2%

up arrow 13%

up arrow 32%

Skills That Affect Salaries

Risk Management / Risk Control
up arrow 2%

Credit Control

National Average

Financial Analysis
up arrow 3%

Loan Underwriting
up arrow 7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 40 votes.


14 %
86 %

Years of Experience

1-4 years
5-9 years
10-19 years
20 years or more

Common Health Benefits

medical benefits Medical: 93% dental benefits Dental: 73%
vision benefits Vision: 58% employee benefits None: 5%