Vice President (VP), Credit Salary

VPs of Credit in the United States can expect to earn a very generous salary, with average salaries (in the ballpark of $107K) surpassing six figures annually. Experience level is the biggest factor affecting pay for this group, followed by geography. Nearly all get medical and dental insurance, and most get vision plans, too. Work is enjoyable for VPs of Credit, who typically claim high levels of job satisfaction. Generally, women make up less than a third of all VPs of Credit who answered the questionnnaire. Participants in PayScale's salary questionnaire provided the particulars of this report.
Read More
$79,540 - $150,040
$80K
$110K
$150K
MEDIAN: $107,111
10%
50%
90%

Add this chart to your site: 640px    300px

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$60K$120K$180K
Salary
$79,540 - $150,040  
   
Bonus
$2,909 - $36,766  
Profit Sharing
$7,000  
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).
)
$81,030 - $169,996  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 79
© PayScale, Inc. @ www.payscale.com

Find Out Exactly What You Should Be Paid

United States (change)

Employers: Start Here »

Job Description for Vice President (VP), Credit

  • 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.
  • Monitor existing portfolio and make recommendations to management.
  • Assess and evaluate new credits before submitting them to management.

Vice President (VP), Credit Job Listings

Search for more jobs:

Popular Skills for Vice President (VP), Credit


Survey takers who work as VPs of Credit typically report just a few professional skills. Most notably, skills in Risk Management / Risk Control, Financial Analysis, Loan Underwriting, and Credit Control are correlated to pay that is above average. Skills that seem to negatively impact pay include Credit Control, Loan Underwriting, and Financial Analysis. Most people who know Financial Analysis also know Loan Underwriting.

Pay by Experience Level for Vice President (VP), Credit

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


Individuals who have worked for fewer than five years report earning $102K on average, a generous six-figure sum for those just starting out. On average, VPs of Credit make $136K following one to two decades on the job. Survey respondents who have worked for more than 20 years actually report somewhat lower incomes of $113K.

Pay Difference by Location

National Average: $117,054

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

For those looking to make money, VPs of Credit in New York enjoy an exceptional pay rate, 20 percent above the national average. VPs of Credit will also find cushy salaries in Chicago (+11 percent).

Related Job Salaries

Key Stats for Vice President (VP), Credit

Gender

Female
28 %
Male
72 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 23 votes.
1-4 years
5%
5-9 years
20%
10-19 years
46%
20 years or more
30%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Vice President (VP), Credit Salaries

▲16%

National Average
$117,000

▼3%

Mid-Career
▼10%

Entry-Level
▼13%

Skills That Affect Vice President (VP), Credit Salaries


National Average
$117,000


Loan Underwriting
▼15%

Credit Control
▼18%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 23 votes.

Gender

Female
28 %
Male
72 %

Years of Experience

1-4 years
5%
5-9 years
20%
10-19 years
46%
20 years or more
30%

Common Health Benefits

medical benefits
Medical: 98%
dental benefits
Dental: 94%
vision benefits
Vision: 84%
dental benefits
None: 2%
ADVERTISEMENT