The average salary for a Credit Manager is $59,958 per year. The skills that increase pay for this job the most are Financial Analysis and Risk Management / Risk Control.
Credit Manager Total Pay (?
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.
)
$38,345 - $92,304
(Median)
38K
47K
60K
75K
92K
MEDIAN: $59,957
10%
25%
50%
75%
90%
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Credit Manager Total Pay (?
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.
)
$12.90 - $24.16
(Median)
13
17
20
24
MEDIAN: $16.00
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$33K$66K$99K
Salary
$38,345 - $92,304  
   
Bonus
$0.00 - $14,902  
Profit Sharing
$251.34 - $7,277  
Commission
$1,479 - $16,219  
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).
)
$35,044 - $97,483  
PayScale
Country: United States | Currency: USD | Updated: 21 Apr 2014 | Individuals Reporting: 1,357
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$17$34$51
Hourly Rate
$12.90 - $24.16  
   
Overtime
$1.52 - $34.49  
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$50K$100K$150K
Bonus
$0.00 - $14,902  
   
Commission
$1,479 - $16,219  
Profit Sharing
$251.34 - $7,277  
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).
)
$35,044 - $97,483  
PayScale
Country: United States | Currency: USD | Updated: 21 Apr 2014 | Individuals Reporting: 1,357
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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
  • 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.
Read more about: Credit Analysts
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
Philadelphia
up arrow 42%
up arrow 32%
up arrow 31%
up arrow 24%
up arrow 17%
Atlanta
up arrow 16%
Baltimore
up arrow 16%
up arrow 7%
St. Louis
up arrow 6%
up arrow 4%
National Average
$59,000
Salt Lake City
up arrow 14%
Larger circles over a city indicate a job is popular in that location.
Related Job Salaries

Experience Affects Credit Manager Salaries

National Average
$59,000

Skills That Affect Credit Manager Salaries

Credit Control
up arrow 1%
National Average
$59,000
Microsoft Excel
up arrow 4%
Job Satisfaction
Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 355 votes.
Gender
Female
55%
female alumni
 
Male
45%
male alumni
Years of Experience
Less than 1 year
2%
1-4 years
18%
5-9 years
20%
10-19 years
31%
20 years or more
28%
Common Health Benefits
medical benefits Medical: 86% dental benefits Dental: 74%
vision benefits Vision: 58% employee benefits None: 11%
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