$107,732
Avg. Salary
$23.82
Avg. Hourly Rate

Average additional compensation:

$14,786

Bonus

$3,897

Profit Sharing

What am I worth?
How should I pay?

The average pay for a Vice President (VP), Credit is $23.82 per hour.

The average pay for a Vice President (VP), Credit is $107,732 per year.

10%
$0.00
10%
$23.82
50%
$0.00
90%
90%
MEDIAN $23.82
10%
$77k
10%
$108k
50%
$149k
90%
90%
MEDIAN $107,732
$77,022 - $148,880
$77K
$110K
$150K
MEDIAN: $107,732
10%
50%
90%

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$0$170K
Salary $77,022 - $148,880
Bonus $4,805 - $34,465
Profit Sharing $0.00 - $12,416
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).
)
$78,625 - $170,159
  • Country: United States
  • Currency: USD
  • Updated: 17 May 2019
  • Individuals Reporting: 149

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

18%

National Average: $119,260

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).

Vice President (VP), Credit Reviews

Q: What is it like working as a Vice President (VP), Credit?

Vice President (VP), Credit in Wichita:
Pros: The commute isn't bad. I love the people I work with.
Cons: The pay.

Related Job Salaries

Key Stats for Vice President (VP), Credit

Gender

Female
37 %
Male
63 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 38 votes.
1-4 years
4%
5-9 years
22%
10-19 years
43%
20 years or more
31%

Related Jobs

Experience Affects Vice President (VP), Credit Salaries

▲14%

National Average
$119,000

▼5%

Mid-Career
▼12%

Entry-Level
▼15%

Skills That Affect Vice President (VP), Credit Salaries


National Average
$119,000


Loan Underwriting
▼16%

Credit Control
▼20%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 38 votes.

Gender

Female
37 %
Male
63 %

Years of Experience

1-4 years
4%
5-9 years
22%
10-19 years
43%
20 years or more
31%

Common Health Benefits

medical benefits
Medical: 97%
dental benefits
Dental: 91%
vision benefits
Vision: 80%
no benefits
None: 3%