The average salary for a Credit Manager with Financial Analysis skills in India is Rs 694,742.
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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 Kotak Mahindra Bank. Reported salaries are highest at IDBI Bank Ltd. where the average pay is Rs 1,047,184. Other companies that offer high salaries for this role include Kotak Mahindra Bank and HDFC Bank Pvt Ltd, earning around Rs 925,000 and Rs 632,040, respectively. HDB Financial Services Ltd pays the lowest at around Rs 350,000. Indiabulls Securities Ltd and ICICI Bbank Ltd. also pay on the lower end of the scale, paying Rs 356,665 and Rs 558,000, respectively.
Credit Manager Job Listings
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Popular Skills for Credit Manager
Risk Management / Risk Control
Skills in People Management are correlated to pay that is above average. Skills that pay less than market rate include Microsoft Excel, Risk Management / Risk Control, Loan Underwriting and Credit Control.
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 484,026 based on 36 salaries. An early career Credit Manager with 1-4 years of experience earns an average total compensation of Rs 605,939 based on 133 salaries. A mid-career Credit Manager with 5-9 years of experience earns an average total compensation of Rs 863,129 based on 118 salaries. An experienced Credit Manager with 10-19 years of experience earns an average total compensation of Rs 1,096,031 based on 30 salaries.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Credit Manager in their job title in Mumbai, Maharashtra earn an average of 34.2% more than the national average. These job titles also find higher than average salaries in Pune, Maharashtra (31.0% more) and Bangalore, Karnataka (27.3% more). The lowest salaries can be found in Ahmedabad, Gujarat (20.8% less) and New Delhi, Delhi (11.4% less).
Years of Experience
This data is based on 317 survey responses.
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