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Chief Credit Officer Salary

An average Chief Credit Officer in the United States can expect to take home roughly $119K annually. In the world of Chief Credit Officers, overall cash allowance can occasionally include more than $36K from bonuses and, in some exceptional cases, $65K from profit sharing, causing incomes to vary widely between $84K and $195K. Nearly all report receiving medical coverage from their employers and a strong majority collect dental insurance. The vast majority of Chief Credit Officers (85 percent) who took the survey are men. The majority of Chief Credit Officers claim high levels of job satisfaction. This snapshot results from replies to PayScale's salary survey.

$82,059 - $173,555
MEDIAN: $118,906

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
$82,059 - $173,555  
$0.00 - $36,207  
Profit Sharing
$997 - $65,447  
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).
$84,241 - $194,898  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 212

Find Out Exactly What You Should Be Paid

United States (change)

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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 typically list a handful of skills 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 pay less than market rate include Loan Underwriting and Financial Analysis. Many workers who know Credit Control also know Financial Analysis.

Pay by Experience Level for Chief Credit Officer

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

In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher incomes. 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 $111K. Chief Credit Officers who work for 10 to 20 years in their occupation tend to earn about $121K. Survey participants who have worked for more than two decades report bringing in $133K on average.

Related Job Salaries

United States (change)

Experience Affects Chief Credit Officer Salaries

up arrow 7%

National Average

up arrow 3%

up arrow 11%

up arrow 33%

Skills That Affect Chief Credit Officer Salaries

Risk Management / Risk Control
up arrow 17%

Credit Control
up arrow 1%

National Average

Loan Underwriting
up arrow 8%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 47 votes.


15 %
85 %

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: 61% employee benefits None: 5%