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Average Credit Manager Salary in India

₹583,998
Avg. Salary
₹61,692
Bonus
₹20,134
Profit Sharing
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The average salary for a Credit Manager in India is ₹583,998.
10%
₹260k
MEDIAN
₹584k
90%
₹1m
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Salary
₹260k - ₹1m
Bonus
₹19k - ₹188k
Profit Sharing
₹2k - ₹391k
Total Pay
₹292k - ₹1m
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What Do Credit Managers Do?

The top respondents for the job title Credit Manager are from the companies HDFC Bank Pvt Ltd, ICICI Bank and Kotak Mahindra Bank. Reported salaries are highest at IDBI Bank Ltd. where the average pay is ₹1,047,364. Other companies that offer high salaries for this role include Kotak Mahindra Bank and Bank of Baroda, earning around ₹1,000,000 and ₹835,530, respectively. HDB Financial Services Ltd pays the lowest at around ₹439,043. HDFC Bank Pvt Ltd and ICICI Bank also pay on the lower end of the scale, paying ₹557,321 and ₹588,264, respectively.

Career Paths

Explore the most common career paths for Credit Manager. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
Credit Manager
Business Banking Relationship Manager
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)

Credit Manager Job Listings

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What Are Popular Skills for Credit Managers?

Skills in Credit Control, Risk Management / Risk Control, Financial Analysis, Loan Underwriting and People Management are correlated to pay that is above average.

What is the Pay by Experience Level for Credit Managers?

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 ₹464,856 based on 87 salaries. An early career Credit Manager with 1-4 years of experience earns an average total compensation of ₹514,069 based on 414 salaries. A mid-career Credit Manager with 5-9 years of experience earns an average total compensation of ₹715,774 based on 304 salaries. An experienced Credit Manager with 10-19 years of experience earns an average total compensation of ₹826,792 based on 94 salaries. In their late career (20 years and higher), employees earn an average total compensation of ₹982,635.
Employees with Credit Manager in their job title in Pune, Maharashtra earn an average of 20.1% more than the national average. These job titles also find higher than average salaries in Delhi, Delhi (19.7% more) and New Delhi, Delhi (17.2% more). The lowest salaries can be found in Ahmedabad, Gujarat (22.1% less).

Years of Experience

This data is based on 904 survey responses.
Entry Level
9.6%
Early Career
45.8%
Mid Career
33.6%
Experienced
10.4%
Late Career
0.6%

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