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Vice President (VP), Credit Salary

The average VP of Credit in the United States earns approximately $104K annually. With some bonuses approaching $31K and certain profit sharing proceeds approaching $15K, overall incomes of VPs of Credit spread between $76K and $164K depending on individual performance. Making up 70 percent of those who took the survey, male VPs of Credit greatly outnumber their female counterparts. Most workers in this position report high levels of job satisfaction. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$73,656 - $142,317
(Median)
$74K
$100K
$140K
MEDIAN: $103,787
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
$73,656 - $142,317  
   
Bonus
$2,030 - $30,639  
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).
)
$76,279 - $164,322  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 103

Find Out Exactly What You Should Be Paid

United States (change)


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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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Job skills reported by VPs of Credit are limited. 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.


Experience does not seem to be a strong driver of pay increase in this role. In this occupation, salaries for the relatively untested average out to $97K, but folks in the five-to-10 year range enjoy a much heftier median of $114K. VPs of Credit with one to two decades of relevant experience report an average salary of approximately $118K. Veterans who have acquired more than 20 years report a median income of $127K, which is generally higher than the pay reported by other tenure groups.

Related Job Salaries

United States (change)

Experience Affects Vice President (VP), Credit Salaries

Late-Career
up arrow 10%

Experienced
up arrow 2%

National Average
$116,000

Mid-Career
up arrow 1%

Entry-Level
up arrow 16%

Skills That Affect Vice President (VP), Credit Salaries

Risk Management / Risk Control
up arrow 1%

National Average
$116,000

Financial Analysis
up arrow 9%

Job Satisfaction

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

Gender

Female
30 %
Male
70 %

Years of Experience

1-4 years
10%
5-9 years
17%
10-19 years
37%
20 years or more
37%

Common Health Benefits

medical benefits Medical: 96% dental benefits Dental: 87%
vision benefits Vision: 72% employee benefits None:
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