Vice President (VP), Credit Salary

For VPs of Credit, annual average wages total $102K per year. Including potential for bonuses and profit sharing — peaking near $26K and $15K, respectively — total cash payment to VPs of Credit can bottom out near $76K or peak near $163K depending on individual performance. Most VPs of Credit like their work and job satisfaction is high. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to a fair number. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$73,457 - $142,532

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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.
)
$0$60K$120K$180K
Salary
$73,457 - $142,532  
   
Bonus
$2,019 - $25,976  
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).
)
$76,139 - $162,538  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 101
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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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Typical VPs of Credit report a focused set of job skills. Risk Management / Risk Control and Financial Analysis are considered valuable skills and can increase employee pay. Skills that are correlated to lower pay, on the other hand, 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.


VPs of Credit do not generally earn higher incomes from more experience in the field. Individuals who have worked for fewer than five years bring in approximately $98K on average. Those in the five-to-10 year range can expect an average that is only a touch bigger at $106K. After working for 10 to 20 years, VPs of Credit make a median salary of $115K. As VPs of Credit reach more than two decades on the job, compensation remains commensurate with experience; the average pay in this group is $126K.

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Experience Affects Vice President (VP), Credit Salaries

Late-Career
up arrow 12%

Experienced
up arrow 2%

National Average
$113,000

Mid-Career
up arrow 6%

Entry-Level
up arrow 13%

Skills That Affect Vice President (VP), Credit Salaries

Risk Management / Risk Control
up arrow 3%

National Average
$113,000

Financial Analysis
up arrow 8%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 25 votes.

Gender

Female
31 %
Male
69 %

Years of Experience

1-4 years
10%
5-9 years
16%
10-19 years
36%
20 years or more
39%

Common Health Benefits

medical benefits Medical: 94% dental benefits Dental: 88%
vision benefits Vision: 72% employee benefits None: 1%
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