Vice President (VP), Credit Salary

VPs of Credit in the United States can expect wages of $100K annually on average. Final cash compensation to VPs of Credit varies from around $77K to approximately $167K; choice pay grades include potential for bonuses and profit sharing as high as $34K and $15K, respectively. Making up 73 percent of those who took the survey, male VPs of Credit greatly outnumber their female counterparts. Nearly all report receiving medical coverage from their employers and most collect dental insurance. The majority of VPs of Credit claim high levels of job satisfaction. Respondents to the PayScale salary survey provided the data for this report.
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$74,021 - $143,651
MEDIAN: $100,010

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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.
$74,021 - $143,651  
$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
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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.

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

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

More years of relevant experience do not necessarily translate to higher paychecks. Even the relatively untested can score weighty six-figure salaries; survey participants with less than five years' experience report earning a median of $102K per year. VPs of Credit claiming one to two decades of experience make an estimated median of $113K. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $115K on average.

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Experience Affects Vice President (VP), Credit Salaries

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National Average

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Skills That Affect Vice President (VP), Credit Salaries

Risk Management / Risk Control
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National Average

Job Satisfaction

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


27 %
73 %

Years of Experience

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

Common Health Benefits

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