A Credit Manager with Credit Control skills earns an average salary of Rs 572,291 per year. People in this job generally don't have more than 10 years' experience. Pay for this job rises steadily for more experienced workers, but goes down significantly for the few employees with more than 20 years' experience.

Rs 290,174 - Rs 1,058,082
Rs 290K
Rs 550K
Rs 1M
MEDIAN: Rs 552,730
10%
50%
90%
Rs 0Rs 1M
Salary Rs 290,174 - Rs 1,058,082
Bonus Rs 11,706 - Rs 152,605
Profit Sharing Rs 0.00 - Rs 205,112
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).
)
Rs 314,038 - Rs 1,131,257
  • Country: India
  • Currency: INR
  • Updated: 20 Jan 2018
  • Individuals Reporting: 374

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 credit manager is also responsible for tracking certain accounts and keeping a close eye on those that have gone unpaid for an extended period of time. A credit manager may have different duties depending on the size of the company in which they are employed.

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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

Credit Manager Job Listings

Pay by Experience Level for Credit Manager

Pay by Experience for a Credit Manager has a positive trend. An entry-level Credit Manager with less than 5 years of experience can expect to earn an average total compensation of Rs 558,000 based on 129 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Credit Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of Rs 706,000 based on 70 salaries. An experienced Credit Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of Rs 1,088,000 based on 21 salaries. A Credit Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of Rs 696,000 based on 5 salaries.

Pay Difference by Location

National Average: Rs 590,947

Larger city markers indicate a job is popular in that location.

Key Stats for Credit Manager

Gender

Female
14 %
Male
86 %

Job Satisfaction

Satisfied
Rated 3 out of 5
based on 6 votes.
Less than 1 year
9%
1-4 years
47%
5-9 years
31%
10-19 years
11%
20 years or more
2%

Experience Affects Credit Manager Salaries

Experienced
▲84%

▲19%

Late-Career
▲18%

National Average
Rs 591,000

▼6%

Job Satisfaction

Satisfied
Rated 3 out of 5
based on 6 votes.

Gender

Female
14 %
Male
86 %

Years of Experience

Less than 1 year
9%
1-4 years
47%
5-9 years
31%
10-19 years
11%
20 years or more
2%

Common Health Benefits

medical benefits
Medical: 76%
dental benefits
Dental: 6%
vision benefits
Vision: 5%
no benefits
None: 23%