Chief Credit Officer Salary

The average Chief Credit Officer in the United States earns approximately $119K annually. In the world of Chief Credit Officers, overall income ranges from $84K near the bottom to $193K at the top; this can include more than $39K from bonuses and more than $24K from profit sharing in exceptional cases. The majority of workers are highly satisfied with their job. Men account for the majority of Chief Credit Officers who responded to the questionnaire — 87 percent to be exact. Nearly all report receiving medical coverage from their employers and a strong majority collect dental insurance.

$82,244 - $177,082
(Median)
$82K
$120K
$180K
MEDIAN: $119,251
10%
50%
90%

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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.
)
$0$70K$140K$210K
Salary
$82,244 - $177,082  
   
Bonus
$0.00 - $38,735  
Profit Sharing
$997 - $24,240  
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).
)
$83,630 - $193,221  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 214
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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.

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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.

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Popular Skills for Chief Credit Officer


Survey takers who work as Chief Credit Officers typically report just a few professional skills. 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. Those familiar with Credit Control also tend to know Risk Management / Risk Control.

Pay by Experience Level for Chief Credit Officer

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


For many Chief Credit Officers, more experience generally translates to higher pay. Professionals with less than five years' experience earn a median of $84K annually, but folks with five to 10 years under their belts report a weighty six-figure median of $106K. Chief Credit Officers with one to two decades of relevant experience report an average salary of approximately $123K. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $139K on average.

Related Job Salaries

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Experience Affects Chief Credit Officer Salaries


National Average
$125,000


Mid-Career
up arrow 15%

Entry-Level
up arrow 33%

Skills That Affect Chief Credit Officer Salaries

Risk Management / Risk Control
up arrow 7%

Credit Control
up arrow 1%

National Average
$125,000

Financial Analysis
up arrow 3%

Loan Underwriting
up arrow 8%

Job Satisfaction

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

Gender

Female
13 %
Male
87 %

Years of Experience

1-4 years
3%
5-9 years
7%
10-19 years
34%
20 years or more
57%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 73%
medical benefits
Vision: 60%
dental benefits
None: 7%
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