Credit Manager Salary

The average salary for a Credit Manager is $61,332 per year. The skills that increase pay for this job the most are Financial Reporting, Financial Analysis, and People Management.
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$41,402 - $91,343
$41K
$61K
$91K
MEDIAN: $61,332
10%
50%
90%

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$12.90 - $25.27
$13
$19
$25
MEDIAN: $18.91
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$32K$64K$96K
Salary
$41,402 - $91,343  
   
Bonus
$498.00 - $14,419  
Profit Sharing
$0.00 - $8,129  
Commission
$1,200  
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).
)
$38,840 - $95,929  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 948
National Hourly Rate 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$16$32$48
Hourly Rate
$12.90 - $25.27  
   
Overtime
$1.51 - $42.16  
National Annualized 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$32K$64K$96K
Bonus
$498.00 - $14,419  
   
Commission
$1,200  
Profit Sharing
$0.00 - $8,129  
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).
)
$38,840 - $95,929  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 139

Find Out Exactly What You Should Be Paid

United States (change)

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Job Description for Credit Manager

A credit manager primarily focuses on collecting money owed to their company, whether it be for some type of service or a particular product. When someone fails to pay the money that is owed, these professionals initiate legal action and potentially take part in the collection process. Further, a credit manager also plays a major role in negotiating payment options, which could include re-structuring payment plans to make them more manageable based on a party's financial capabilities. The credit manager is also responsible for tracking certain accounts and keeping a close eye on those that have gone unpaid for an extended period of time. A credit manager may have different duties depending on the size of the company in which they are employed.

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Credit Manager Tasks

  • Analyze current credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money.
  • Prepare reports with this credit information for use in decision-making.

Common Career Paths for Credit Manager


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Credit Manager Job Listings

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Popular Skills for Credit Manager

Pay by Experience Level for Credit Manager

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

Pay Difference by Location

National Average: $60,232

Larger city markers indicate a job is popular in that location.

Related Job Salaries

Key Stats for Credit Manager

Gender

Female
64 %
Male
36 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 181 votes.
Less than 1 year
1%
1-4 years
15%
5-9 years
18%
10-19 years
36%
20 years or more
30%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Credit Manager Salaries

▲11%

▲9%

National Average
$60,000

▼5%

▼19%

Skills That Affect Credit Manager Salaries

Financial Reporting
▲29%




Credit Control
▼0%

Customer Relationship Management (CRM)
▼0%

National Average
$60,000




▼7%

Accounting
▼32%

Accounts Payable
▼33%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 181 votes.

Gender

Female
64 %
Male
36 %

Years of Experience

Less than 1 year
1%
1-4 years
15%
5-9 years
18%
10-19 years
36%
20 years or more
30%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 73%
vision benefits
Vision: 59%
dental benefits
None: 13%
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