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Vice President (VP), Credit Salary

The average VP of Credit in the United States earns approximately $103K per year. In the world of VPs of Credit, total cash compensation can vary between $76K and $165K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $31K and $15K, respectively. Generally, women make up less than a third of all VPs of Credit who answered the questionnnaire. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to more than half. Job satisfaction for VPs of Credit is high. The data for this synopsis comes from respondents who took the PayScale salary survey.
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$73,032 - $141,417
(Median)
73K
100K
120K
140K
MEDIAN: $103,119
10%
50%
75%
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
$73,032 - $141,417  
   
Bonus
$2,003 - $31,172  
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).
)
$75,529 - $164,664  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 97
United States (change)

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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Related Job Salaries

Experience Affects Vice President (VP), Credit Salaries

Late-Career
up arrow 7%

Experienced
up arrow 3%

National Average
$115,000

Mid-Career
up arrow 3%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 28 votes.

Gender

Female
30 %
Male
70 %

Years of Experience

1-4 years
9%
5-9 years
19%
10-19 years
39%
20 years or more
33%

Common Health Benefits

medical benefits Medical: 93% dental benefits Dental: 84%
vision benefits Vision: 70% employee benefits None: 2%