Vice President (VP), Credit Salary

VPs of Credit in the United States pull down an average of $100K annually. Cash earnings for VPs of Credit — including $34K in bonuses and $15K in profit sharing proceeds near the top of the pay scale — generally stretch from $77K to $167K depending on individual performance. Medical benefits are awarded to nearly all, and most earn dental coverage. Making up 73 percent of those who took the survey, male VPs of Credit greatly outnumber their female counterparts. Work is enjoyable for VPs of Credit, who typically claim high levels of job satisfaction. The figures in this rundown are based on the results of PayScale's salary questionnaire.
Read More
$74,021 - $143,651
(Median)
$74K
$100K
$140K
MEDIAN: $100,010
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
$74,021 - $143,651  
   
Bonus
$2,033 - $34,478  
Profit Sharing
$3,959 - $14,795  
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).
)
$76,850 - $166,992  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 120
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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

Search for more jobs:


Survey results show that VPs of Credit typically report just a few professional skills. Risk Management / Risk Control and Financial Analysis are considered valuable skills and can increase employee pay. Skills that pay less than market rate 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, level of experience appears to be a somewhat less important part of the salary calculation — more experience does not correlate to noticeably higher pay. Substantial, six-figure paychecks show up early in this area; folks who have worked for fewer than five years report earning a median of $102K. The average pay reported by folks with 10 to 20 years of experience is around $113K. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $115K.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Vice President (VP), Credit Salaries

Late-Career
up arrow 4%

Experienced
up arrow 3%

National Average
$110,000

Mid-Career
up arrow 4%

Entry-Level
up arrow 8%

Skills That Affect Vice President (VP), Credit Salaries

Risk Management / Risk Control
up arrow 5%

National Average
$110,000


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 30 votes.

Gender

Female
27 %
Male
73 %

Years of Experience

1-4 years
8%
5-9 years
16%
10-19 years
38%
20 years or more
38%

Common Health Benefits

medical benefits
Medical: 95%
dental benefits
Dental: 90%
medical benefits
Vision: 74%
dental benefits
None: 1%
ADVERTISEMENT