The average salary for a Credit Manager in India is ₹583,998.
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What Do Credit Managers Do?
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
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 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.
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Business Banking Relationship Manager
Vice President (VP), Finance
Somewhat common (8 - 20%)
Credit Manager Job Listings
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.
Pay Difference by Location
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.