Compensation for VPs of Credit in the United States is generous, with average pay surpassing six figures annually ($103K). Career length is the biggest factor affecting pay for this group, followed by geography. Male VPs of Credit are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. For the most part, VPs of Credit enjoy their work and report high levels of job satisfaction. Medical and dental coverage is claimed by nearly all, and most earn vision coverage. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
Read More
$78,284 - $148,417
$78K
$100K
$150K
MEDIAN: $102,964
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
$78,284 - $148,417  
   
Bonus
$2,936 - $36,241  
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).
)
$79,065 - $166,000  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 83

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


Typical VPs of Credit report a focused set of job skills. Most notably, skills in Loan Underwriting, Risk Management / Risk Control, Financial Analysis, and Credit Control are correlated to pay that is above average. At the other end of the pay range are skills like Credit Control 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.


The average inexperienced employee pulls down a cushy six-figure sum; the median salary for people claiming fewer than five years of experience is $102K. On average, VPs of Credit make $132K following one to two decades on the job. Respondents who boast more than two decades on the job don't boast commensurate pay, unfortunately; these veterans see average earnings of only $113K.

Related Job Salaries

Key Stats for Vice President (VP), Credit

Gender

Female
26 %
Male
74 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 26 votes.
045
1-4 years
5%
5-9 years
19%
10-19 years
46%
20 years or more
31%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Vice President (VP), Credit Salaries

Experienced
up arrow 16%

National Average
$114,000

Late-Career
up arrow 1%

Mid-Career
up arrow 8%

Entry-Level
up arrow 11%

Skills That Affect Vice President (VP), Credit Salaries

Loan Underwriting
up arrow 19%

Risk Management / Risk Control
up arrow 17%

National Average
$114,000


Credit Control
up arrow 16%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 26 votes.

Gender

Female
26 %
Male
74 %

Years of Experience

1-4 years
5%
5-9 years
19%
10-19 years
46%
20 years or more
31%

Common Health Benefits

medical benefits
Medical: 98%
dental benefits
Dental: 94%
vision benefits
Vision: 85%
dental benefits
None: 2%
ADVERTISEMENT