$63,294
Avg. Salary
$19.46
Avg. Hourly Rate

Average additional compensation for this job:

Bonus

$4,896

Profit Sharing

$2,492

Commission

$3,600

The average pay for a Credit Manager is $19.46 per hour.

The average pay for a Credit Manager is $63,294 per year.

$13
10%
$19
50%
$26
90%
MEDIAN $19
$43k
10%
$63k
50%
$95k
90%
MEDIAN $63,294
$42,788 - $95,014
$43K
$63K
$95K
MEDIAN: $63,294
10%
50%
90%

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$13.42 - $26.21
$13
$19
$26
MEDIAN: $19.46
10%
50%
90%

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$0$99K
Salary $42,788 - $95,014
Bonus $500 - $15,096
Profit Sharing $0.00 - $10,311
Commission $3,600
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).
)
$39,554 - $99,949
  • Country: United States
  • Currency: USD
  • Updated: 12 Nov 2018
  • Individuals Reporting: 1,772
Hourly Data $0$41
Hourly Rate $13.42 - $26.21
Overtime $12.26 - $41.02
Annual Data $0$99K
Bonus $500 - $15,096
Commission $3,600
Profit Sharing $0.00 - $10,311
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).
)
$39,554 - $99,949
  • Country: United States
  • Currency: USD
  • Updated: 12 Nov 2018
  • Individuals Reporting: 298

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.

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.

Credit Manager Pay By Employer

$0$78K

$59,305

Common Career Paths for Credit Manager


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Credit Manager Job Listings

Popular Skills for Credit Manager

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 $48,000 based on 240 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 $57,000 based on 276 salaries. An experienced Credit Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $65,000 based on 468 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 $67,000 based on 304 salaries.

Pay Difference by Location

23%

22%

11%

3%

-41%

National Average: $61,715

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

Credit Manager Reviews

Q: What is it like working as a Credit Manager?

Credit Manager in Muncie:
"Demanding."
Pros: The interaction with different people.
Cons: Collections and many different goals.

Credit Manager in Atlantic City:
"Life?!"
Pros: On the job training. Benefits. Coworkers. Upper management involvement. Culture.
Cons: Shift worked. Smoking.

Credit Manager in Goldsboro:
"Ask more about salary in years to com."
Work hard, be honest, but be aware a private family owned business may not give raises or bonuses as deserved.

Credit Manager in San Francisco:
"Management."
Find a style that works for you. Persistence is the key, followup regularly.

Credit Manager in Cleveland:
"Keep detailed notes."
Keep detailed notes, stay on top of accounts, motivate team.

Credit Manager in Dallas:
"Keeps me very busy."
Pros: Its close to Home.
Cons: The male Owner - Dave Cossu.

Credit Manager in Houston:
"Follow your heart."
Understand your industry.

Related Job Salaries

Key Stats for Credit Manager

Gender

Female
64 %
Male
36 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 428 votes.
Less than 1 year
1%
1-4 years
15%
5-9 years
18%
10-19 years
34%
20 years or more
32%

Experience Affects Credit Manager Salaries

▲9%

▲5%

National Average
$62,000

▼7%

▼22%

Skills That Affect Credit Manager Salaries

Financial Reporting
▲26%




National Average
$62,000

Credit Control
▼2%

Customer Relationship Management (CRM)
▼3%




▼10%

Accounting
▼34%

Accounts Payable
▼35%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 428 votes.

Gender

Female
64 %
Male
36 %

Years of Experience

Less than 1 year
1%
1-4 years
15%
5-9 years
18%
10-19 years
34%
20 years or more
32%

Common Health Benefits

medical benefits
Medical: 83%
dental benefits
Dental: 73%
vision benefits
Vision: 60%
no benefits
None: 14%