$74,274
Avg. Salary
$21.00
Avg. Hourly Rate

Average additional compensation:

$7,998

Bonus

$3,000

Profit Sharing

What am I worth?
How should I pay?

The average pay for a Credit Manager in Minneapolis, Minnesota is $21.00 per hour.

The average pay for a Credit Manager in Minneapolis, Minnesota is $74,274 per year.

$0.00
10%
$21.00
50%
$0.00
90%
MEDIAN $21.00
$49k
10%
$74k
50%
$120k
90%
MEDIAN $74,274
$48,586 - $120,000
$49K
$74K
$120K
MEDIAN: $74,274
10%
50%
90%

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$0$131K
Salary $48,586 - $120,000
Bonus $7,998
Profit Sharing $3,000
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).
)
$43,278 - $131,778
  • Country: United States
  • Currency: USD
  • Updated: 10 Feb 2019
  • Individuals Reporting: 14

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.

About Minneapolis, Minnesota

Hennepin County, Minnesota
410,935
Male:
206,547 (50.3%)
Female:
204,388 (49.7%)
Minneapolis (/ˌmɪniˈæpəlɪs/) is the county seat of Hennepin County, and larger of the Twin Cities, the 16th-largest metropolitan area in the United States, containing about 3.5 million residents. As of 2015, Minneapolis is the largest city in the state of Minnesota and 46th-largest in the United States with a population of 410,939. Minneapolis and Saint Paul anchor the second-largest economic center in the Midwest, after Chicago. Minneapolis lies on both banks of the Mississippi River, just north of the river's confluence with the Minnesota River, and adjoins Saint Paul, the state's capital. The city is abundantly rich in water, with thirteen lakes, wetlands, the Mississippi River, creeks and waterfalls, many connected by parkways in the Chain of Lakes and the Grand Rounds National Scenic Byway. It was once the world's flour milling capital and a hub for timber. The city and surrounding region is the primary business center between Chicago and...
Minneapolis:
$54,571
Minnesota:
$63,488
$912
Minneapolis:
$227,500
Minnesota:
$200,000
4.3%

Credit Manager Job Listings

Key Stats for Credit Manager

Gender

Female
50 %
Male
50 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 3 votes.
1-4 years
18%
5-9 years
18%
10-19 years
24%
20 years or more
41%

Experience Affects Credit Manager Salaries

Late-Career
▲12%

National Average
$72,000

Experienced
▼14%

Skills That Affect Credit Manager Salaries

Risk Management / Risk Control
▲36%

Financial Analysis
▲23%

National Average
$72,000

Collections
▼1%

Credit Control
▼2%

Accounts Receivable
▼9%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 3 votes.

Gender

Female
50 %
Male
50 %

Years of Experience

1-4 years
18%
5-9 years
18%
10-19 years
24%
20 years or more
41%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 71%
vision benefits
Vision: 57%
no benefits
None: 14%