Average Senior Credit Officer Salary

$122,597
Avg. Base Salary (USD)
10%
$77k
MEDIAN
$123k
90%
$180k

The average salary for a Senior Credit Officer is $122,597 in 2024

Base Salary
$77k - $180k
Bonus
$4k - $36k
Profit Sharing
$4k - $40k
Total Pay
$76k - $205k
Is Average Senior Credit Officer Salary your job title? Find out what you should be paid
Use our tool to get a personalized report on your market worth.What's this?
United States (change)
How it works:
1
Enter city & years of experience
2
Add pay factors like skills & education
3
Find your market worth with a report tailored to you
EXPLORE BY:

What is the Pay by Experience Level for Senior Credit Officers?

What Do Senior Credit Officers Do?

Senior Credit Officer Tasks
  • Analyze financial information to determine credit quality, approve credit, and document risk factors.
  • Develop and document risk mitigation standards and processes.
  • Investigate and understand discrepancies, problems, and unusual situations.
  • Document and report on lending relationships' status and quality.
  • Direct due diligence and portfolio assessment practices, evaluating work.
Find your market worth – how it works:

How do Senior Credit Officers Rate Their Jobs?

3.6 out of 5
(21)
Highly Satisfied
3Reviews
We currently don't have any reviews for this job. Are you a Senior Credit Officer? Take our survey to help us meet this goal.

FAQs About Senior Credit Officers

What is the highest pay for Senior Credit Officers?

Our data indicates that the highest pay for a Senior Credit Officer is $180k / year

What is the lowest pay for Senior Credit Officers?

Our data indicates that the lowest pay for a Senior Credit Officer is $77k / year

How can Senior Credit Officers increase their salary?

Increasing your pay as a Senior Credit Officer is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Senior Credit Officer that oversees more junior Senior Credit Officers, this experience can increase the likelihood to earn more.