Vice President (VP), Credit Salary

An average VP of Credit in the United States can expect to take home roughly $101K annually. Cash earnings for VPs of Credit — which occasionally include more than $35K from bonuses and more than $15K from profit sharing — stretch from around $76K to approximately $166K. Nearly all receive medical and dental insurance and a strong majority get vision plans. The majority of workers are highly satisfied with their job. Male VPs of Credit are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. This overview is based on answers to PayScale's salary questionnaire.
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$71,745 - $143,364
MEDIAN: $101,316

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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.
$71,745 - $143,364  
$2,019 - $35,234  
Profit Sharing
$4,027 - $14,899  
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).
$75,563 - $166,206  
Country: United States | Currency: USD | Updated: 20 Sep 2015 | Individuals Reporting: 103
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Job Description for Vice President (VP), Credit

  • Monitor existing portfolio and make recommendations to management.
  • Assess and evaluate new credits before submitting them to management.
  • Assist the Chief Credit Officer in monitoring for and managing credit risk within the bank's lending activities.
  • Provide feedback to lenders and assist in deal discussions to mediate issues.

Vice President (VP), Credit Job Listings

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VPs of Credit who responded to the survey report just a handful of professional skills. Risk Management / Risk Control and Financial Analysis are considered valuable skills and can increase employee pay. At the other end of the pay range are skills like Financial Analysis.

Pay by Experience Level for

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

VPs of Credit with a lot of experience do not necessarily enjoy more money. Individuals with less than five years' experience take home around $99K. In contrast, though, people who have been on the job for five to 10 years report a six-figure median of $107K. For VPs of Credit, 10 to 20 years of experience on the job amounts to an average salary of $114K. Veterans who have acquired more than 20 years report a median income of $123K, which is generally higher than the pay reported by other tenure groups.

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Experience Affects Salaries

up arrow 10%

up arrow 2%

National Average

up arrow 4%

up arrow 11%

Skills That Affect Salaries

Risk Management / Risk Control
up arrow 5%

National Average

Financial Analysis
up arrow 6%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 25 votes.


30 %
70 %

Years of Experience

1-4 years
5-9 years
10-19 years
20 years or more

Common Health Benefits

medical benefits Medical: 94% dental benefits Dental: 90%
vision benefits Vision: 71% employee benefits None: 1%