The average salary for a Credit Manager is $64,193.
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$44k - $96k
$520 - $15k
$1k - $12k
$500 - $6k
$40k - $101k
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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 Ferguson Enterprises, Inc., Core-Mark International, Inc. and U.S. Bank. Reported salaries are highest at U.S. Bank where the average pay is $95,000. Other companies that offer high salaries for this role include SYSCO Corporation and Hajoca Corporation, earning around $79,084 and $62,400, respectively. Core-Mark International, Inc. pays the lowest at around $46,016. Xerox Corporation and HD Supply Inc. also pay on the lower end of the scale, paying $48,814 and $59,625, respectively.
Explore the most common career paths for Credit Manager. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)
Credit Manager Job Listings
Popular Skills for Credit Manager
Skills in Credit Control, Risk Management / Risk Control and Financial Analysis are correlated to pay that is above average. Skills that pay less than market rate include Bill Collections and Accounts Receivable.
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 $48,574 based on 84 salaries. An early career Credit Manager with 1-4 years of experience earns an average total compensation of $53,733 based on 401 salaries. A mid-career Credit Manager with 5-9 years of experience earns an average total compensation of $62,316 based on 460 salaries. An experienced Credit Manager with 10-19 years of experience earns an average total compensation of $68,012 based on 779 salaries. In their late career (20 years and higher), employees earn an average total compensation of $70,734.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Credit Manager in their job title in Houston, Texas earn an average of 19.0% more than the national average. These job titles also find higher than average salaries in New York, New York (18.8% more) and Minneapolis, Minnesota (15.0% more). The lowest salaries can be found in Portland, Oregon (6.0% less) and Dallas, Texas (2.6% less).
Years of Experience
This data is based on 2,295 survey responses.