Vice President (VP), Credit Salary

VPs of Credit enjoy a hefty income, with average pay passing six figures ($108K) annually in the United States. Career duration and the particular city each impact pay for this group, with the former having the largest influence. Most VPs of Credit report high levels of job satisfaction. Men account for the majority of VPs of Credit who responded to the questionnaire — 66 percent to be exact. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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$79,052 - $150,719
$79K
$110K
$150K
MEDIAN: $110,933
10%
50%
90%

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$0$172K
Salary $79,052 - $150,719
Bonus $3,503 - $38,541
Profit Sharing $3,800
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).
)
$81,122 - $172,046
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 84

Find Out Exactly What You Should Be Paid

United States (change)

Job Description for Vice President (VP), Credit

  • Assist the Chief Credit Officer in monitoring for and managing credit risk within the bank's lending activities.
  • Provide feedback to lenders and assist in deal discussions to mediate issues.
  • Monitor existing portfolio and make recommendations to management.
  • Assess and evaluate new credits before submitting them to management.

Vice President (VP), Credit Job Listings

Popular Skills for Vice President (VP), Credit


VPs of Credit who responded to the survey indicated only a few skills that they use on the job. Most notably, skills in Risk Management / Risk Control, Financial Analysis, Loan Underwriting, and Credit Control are correlated to pay that is above average. Those listing Credit Control as a skill should be prepared for drastically lower pay. Loan Underwriting and Financial Analysis also typically command lower compensation. Most people experienced in Financial Analysis also know Loan Underwriting.

Pay by Experience Level for Vice President (VP), Credit

Pay by Experience for a Vice President (VP), Credit has a positive trend. An entry-level Vice President (VP), Credit with less than 5 years of experience can expect to earn an average total compensation of $102,000 based on 17 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Vice President (VP), Credit with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $105,000 based on 26 salaries. An experienced Vice President (VP), Credit which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $136,000 based on 46 salaries. A Vice President (VP), Credit with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $113,000 based on 24 salaries.

Pay Difference by Location

National Average: $124,365

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

New York offers some of the highest pay in the country for VPs of Credit, 16 percent above the national average. VPs of Credit will also find cushy salaries in Chicago (+7 percent).

Related Job Salaries

Key Stats for Vice President (VP), Credit

Gender

Female
34 %
Male
66 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 22 votes.
1-4 years
5%
5-9 years
20%
10-19 years
47%
20 years or more
29%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Vice President (VP), Credit Salaries

▲9%

National Average
$124,000

▼9%

Mid-Career
▼16%

Entry-Level
▼18%

Skills That Affect Vice President (VP), Credit Salaries


National Average
$124,000


Loan Underwriting
▼20%

Credit Control
▼23%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 22 votes.

Gender

Female
34 %
Male
66 %

Years of Experience

1-4 years
5%
5-9 years
20%
10-19 years
47%
20 years or more
29%

Common Health Benefits

medical benefits
Medical: 100%
dental benefits
Dental: 97%
vision benefits
Vision: 92%
no benefits
None:
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