The average salary for a Credit Manager is Rs 592,975.
MEDIAN Rs 592,975
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Rs 258k - Rs 1m
Rs 19k - Rs 194k
Rs 15 - Rs 304k
Rs 291k - Rs 1m
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Job Description for Credit Manager
A credit manager primarily focuses on collecting money owed to their company, whether it be for some type of service or a particular product. When someone fails to pay the money that is owed, these professionals initiate legal action and potentially take part in the collection process. Further, a credit manager also plays a major role in negotiating payment options, which could include re-structuring payment plans to make them more manageable based on a party's financial capabilities. The cred…Read more
Credit Manager Tasks
- Analyze current credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money.
- Prepare reports with this credit information for use in decision-making.
Popular Employer Salaries for Credit Manager
The top respondents for the job title Credit Manager are from the companies HDFC Bank Pvt Ltd, ICICI Bank and ICICI Bbank Ltd.. Reported salaries are highest at Kotak Mahindra Bank where the average pay is Rs 750,000. Other companies that offer high salaries for this role include Axis Bank and HDFC Bank Pvt Ltd, earning around Rs 625,710 and Rs 618,752, respectively. Fullertonindia Credit Co Ltd pays the lowest at around Rs 400,000. HDB Financial Services Ltd and ICICI Bank also pay on the lower end of the scale, paying Rs 452,486 and Rs 582,358, respectively.
Credit Manager Job Listings
Popular Skills for Credit Manager
Risk Management / Risk Control
Skills in Credit Control, Loan Underwriting, Risk Management / Risk Control, Financial Analysis and People Management are correlated to pay that is above average.
Pay by Experience Level for Credit Manager
An entry-level Credit Manager with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of Rs 489,992 based on 172 salaries. An early career Credit Manager with 1-4 years of experience earns an average total compensation of Rs 555,633 based on 406 salaries. A mid-career Credit Manager with 5-9 years of experience earns an average total compensation of Rs 701,708 based on 268 salaries. An experienced Credit Manager with 10-19 years of experience earns an average total compensation of Rs 919,670 based on 75 salaries. In their late career (20 years and higher), employees earn an average total compensation of Rs 952,400.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Credit Manager in their job title in Pune, Maharashtra earn an average of 26.0% more than the national average. These job titles also find higher than average salaries in Chennai, Tamil Nadu (20.9% more) and Bangalore, Karnataka (18.0% more). The lowest salaries can be found in Ahmedabad, Gujarat (12.7% less) and New Delhi, Delhi (2.7% less).
Years of Experience
This data is based on 929 survey responses.
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