The average salary for a Credit Manager is $61,158 per year. The skills that increase pay for this job the most are Financial Reporting, Financial Analysis, and People Management.
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$41,146 - $90,261
(Median)
$41K
$61K
$90K
MEDIAN: $61,157
10%
50%
90%

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$12.74 - $25.46
(Median)
$13
$19
$25
MEDIAN: $18.00
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
$41,146 - $90,261  
   
Bonus
$495.96 - $13,161  
Profit Sharing
$0.00 - $9,620  
Commission
$3,150  
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).
)
$38,597 - $94,283  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 971
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
$12.74 - $25.46  
   
Overtime
$1.53 - $41.43  
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
$495.96 - $13,161  
   
Commission
$3,150  
Profit Sharing
$0.00 - $9,620  
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).
)
$38,597 - $94,283  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 141
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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.

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: $59,959

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

Related Job Salaries

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Experience Affects Credit Manager Salaries



National Average
$60,000



Skills That Affect Credit Manager Salaries

Financial Reporting
up arrow 30%




Credit Control
0%

Customer Relationship Management (CRM)
0%

National Average
$60,000

Microsoft Excel
up arrow 3%




Accounting
up arrow 32%

Accounts Payable
up arrow 33%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 186 votes.

Gender

Female
63 %
Male
37 %

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%
medical benefits
Vision: 59%
dental benefits
None: 13%
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