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Credit Manager Salary

The average salary for a Credit Manager is $60,611 per year. The skills that increase pay for this job the most are Financial Analysis and People Management.
$39,849 - $90,780
(Median)
40K
48K
61K
75K
91K
MEDIAN: $60,611
10%
25%
50%
75%
90%

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$13.16 - $25.92
(Median)
13
17
21
26
MEDIAN: $17.00
10%
50%
75%
90%

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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.
)
$0$32K$64K$96K
Salary
$39,849 - $90,780  
   
Bonus
$0.00 - $14,482  
Profit Sharing
$114.38 - $7,603  
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).
)
$36,203 - $95,204  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 1,260
National Hourly Rate 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.
)
$0$16$32$48
Hourly Rate
$13.16 - $25.92  
   
Overtime
$4.89 - $35.48  
National Annualized 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.
)
$0$32K$64K$96K
Bonus
$0.00 - $14,482  
   
Profit Sharing
$114.38 - $7,603  
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).
)
$36,203 - $95,204  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 195
United States (change)

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

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

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

Related Job Salaries

Experience Affects Credit Manager Salaries



National Average
$60,000



Skills That Affect Credit Manager Salaries




National Average
$60,000

Credit Control
up arrow 1%

Microsoft Excel
up arrow 2%



Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 356 votes.

Gender

Female
56 %
Male
44 %

Years of Experience

Less than 1 year
1%
1-4 years
16%
5-9 years
19%
10-19 years
33%
20 years or more
31%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 74%
vision benefits Vision: 58% employee benefits None: 11%