Vice President (VP), Credit Salary

VPs of Credit in the United States can expect to earn an average of $103K annually. Total cash compensation to VPs of Credit approaches anywhere from $76K on the lower end to $163K on the higher end; in exceptional cases, this can include more than $26K from bonuses and upwards of $15K from profit sharing. Nearly all report receiving medical coverage from their employers and most collect dental insurance. Male VPs of Credit are more prevalent than women among those who took the survey — 69 percent of professionals. Work is enjoyable for VPs of Credit, who typically claim high levels of job satisfaction. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$73,356 - $142,638
(Median)
$73K
$100K
$140K
MEDIAN: $102,501
10%
50%
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$60K$120K$180K
Salary
$73,356 - $142,638  
   
Bonus
$2,016 - $26,059  
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).
)
$76,069 - $162,767  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 100
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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 only report a few specific skills. Risk Management / Risk Control and Financial Analysis are considered valuable skills and can increase employee pay. Skills that seem to negatively impact pay include Financial Analysis.

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

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


For VPs of Credit, more experience in the field does not usually mean bigger paychecks. Although inexperienced employees take home approximately $98K, those who have five to 10 years under their belts benefit from a six-figure median of $104K. The average pay reported by folks with 10 to 20 years of experience is around $116K. Survey participants who have spent more than 20 years on the job report a predictably higher median income of $126K, demonstrating that compensation is roughly commensurate with experience in the end.

Related Job Salaries

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Experience Affects Vice President (VP), Credit Salaries

Late-Career
up arrow 11%

Experienced
up arrow 2%

National Average
$113,000

Mid-Career
up arrow 8%

Entry-Level
up arrow 13%

Skills That Affect Vice President (VP), Credit Salaries

Risk Management / Risk Control
up arrow 3%

National Average
$113,000

Financial Analysis
up arrow 9%

Job Satisfaction

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

Gender

Female
31 %
Male
69 %

Years of Experience

1-4 years
10%
5-9 years
16%
10-19 years
35%
20 years or more
39%

Common Health Benefits

medical benefits Medical: 94% dental benefits Dental: 88%
vision benefits Vision: 72% employee benefits None: 1%
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