$63,613
Avg. Salary
$19.52
Avg. Hourly Rate

Average additional compensation:

$4,915

Bonus

$2,440

Profit Sharing

$3,600

Commission

What am I worth?
How should I pay?

The average pay for a Credit Manager is $19.52 per hour.

The average pay for a Credit Manager is $63,613 per year.

10%
$13.52
10%
$19.52
50%
$26.45
90%
90%
MEDIAN $19.52
10%
$44k
10%
$64k
50%
$96k
90%
90%
MEDIAN $63,613
$43,554 - $96,050
$44K
$64K
$96K
MEDIAN: $63,613
10%
50%
90%

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$13.52 - $26.45
$14
$20
$26
MEDIAN: $19.52
10%
50%
90%

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$0$101K
Salary $43,554 - $96,050
Bonus $516 - $15,087
Profit Sharing $0.00 - $11,665
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).
)
$40,189 - $101,063
  • Country: United States
  • Currency: USD
  • Updated: 23 Apr 2019
  • Individuals Reporting: 1,690
Hourly Data $0$41
Hourly Rate $13.52 - $26.45
Overtime $12.00 - $41.41
Annual Data $0$101K
Bonus $516 - $15,087
Commission $3,600
Profit Sharing $0.00 - $11,665
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).
)
$40,189 - $101,063
  • Country: United States
  • Currency: USD
  • Updated: 23 Apr 2019
  • Individuals Reporting: 279

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

$59,451

Common Career Paths for Credit Manager


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Though not the most common occurrence, Credit Managers sometimes become VPs of Credit, where the average income is $109K per year. However, becoming a National Credit Manager or Accounting Manager is a more frequent transition for Credit Managers.

Credit Manager Job Listings

Popular Skills for Credit Manager


Credit Managers report using a deep pool of skills on the job. Most notably, facility with Financial Reporting, People Management, and Financial Analysis are correlated to pay that is significantly above average, leading to increases of 27 percent, 13 percent, and 12 percent, respectively. Those listing Accounts Payable as a skill should be prepared for drastically lower pay. Accounting and Collections also typically command lower compensation. For most people, competency in Accounts Receivable indicates knowledge of Credit Control.

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

21%

21%

10%

1%

-42%

National Average: $62,349

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

Fort Worth is home to an above-average pay rate for Credit Managers, 69 percent higher than the national average. Credit Managers will also find cushy salaries in San Jose (+33 percent), New York (+24 percent), Houston (+23 percent), and Philadelphia (+16 percent). Credit Managers in Dalton report much lower salaries than the rest of the country — 41 percent below the national average — proving that residence is a major factor in overall pay. Employers also pay below the national average in Greensboro (26 percent lower) and Indianapolis (6 percent lower).

Related Job Salaries

Key Stats for Credit Manager

Gender

Female
64 %
Male
35 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 436 votes.
Less than 1 year
1%
1-4 years
16%
5-9 years
18%
10-19 years
33%
20 years or more
33%

Experience Affects Credit Manager Salaries

▲8%

▲4%

National Average
$62,000

▼8%

▼22%

Skills That Affect Credit Manager Salaries

Financial Reporting
▲25%




National Average
$62,000

Credit Control
▼3%

Customer Relationship Management (CRM)
▼4%




▼11%

Accounting
▼35%

Accounts Payable
▼36%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 436 votes.

Gender

Female
64 %
Male
35 %

Years of Experience

Less than 1 year
1%
1-4 years
16%
5-9 years
18%
10-19 years
33%
20 years or more
33%

Common Health Benefits

medical benefits
Medical: 83%
dental benefits
Dental: 74%
vision benefits
Vision: 61%
no benefits
None: 15%