VPs of Credit enjoy a hefty income, with average pay passing six figures ($105K) annually in the United States. Location and career length each impact pay for this group, with the former having the largest influence. Almost all receive medical and dental insurance and a large number get vision plans. Most VPs of Credit like their work and job satisfaction is high. 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. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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$77,932 - $148,786
(Median)
$78K
$100K
$150K
MEDIAN: $104,773
10%
50%
90%

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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
$77,932 - $148,786  
   
Bonus
$3,423 - $48,645  
Profit Sharing
$6,000  
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).
)
$78,296 - $176,827  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 86
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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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Popular Skills for Vice President (VP), Credit


Survey takers who work as VPs of Credit report a focused set of job skills. Most notably, skills in Risk Management / Risk Control, Loan Underwriting, Financial Analysis, and Credit Control are correlated to pay that is above average. Skills that seem to negatively impact pay include Credit Control and Financial Analysis. Most people familiar with 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.


For VPs of Credit, more experience in the field does not usually mean bigger paychecks. During the first five years of their careers, VPs of Credit see a median income of $102K. Survey respondents with five to 10 years of experience report an only modestly higher median of $105K. After working for 10 to 20 years, VPs of Credit make a median salary of $121K. Ultimately, more time spent in the workforce does seem to translate to bigger paychecks; seasoned veterans with more than 20 years of experience report a median income of $126K.

Related Job Salaries

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Experience Affects Vice President (VP), Credit Salaries

Late-Career
up arrow 8%

Experienced
up arrow 4%

National Average
$116,000

Mid-Career
up arrow 10%

Entry-Level
up arrow 12%

Skills That Affect Vice President (VP), Credit Salaries

Risk Management / Risk Control
up arrow 14%

Loan Underwriting
up arrow 2%

National Average
$116,000


Credit Control
up arrow 17%

Job Satisfaction

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

Gender

Female
23 %
Male
77 %

Years of Experience

1-4 years
5%
5-9 years
18%
10-19 years
42%
20 years or more
35%

Common Health Benefits

medical benefits
Medical: 94%
dental benefits
Dental: 94%
medical benefits
Vision: 81%
dental benefits
None: 1%
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