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Credit Administrator Careers

There is more than meets the eye when it comes to being a credit administrator. For example, did you know that they make an average of $21.72 an hour? That's $45,182 a year!

Between 2018 and 2028, the career is expected to grow -8% and produce -19,400 job opportunities across the U.S.

What Does a Credit Administrator Do

There are certain skills that many credit administrators have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed listening skills, negotiating skills and speaking skills.

When it comes to the most important skills required to be a credit administrator, we found that a lot of resumes listed 9.7% of credit administrators included credit reports, while 9.6% of resumes included loan portfolio, and 8.3% of resumes included financial statements. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the credit administrator job title. But what industry to start with? Most credit administrators actually find jobs in the finance and manufacturing industries.

How To Become a Credit Administrator

If you're interested in becoming a credit administrator, one of the first things to consider is how much education you need. We've determined that 44.6% of credit administrators have a bachelor's degree. In terms of higher education levels, we found that 15.6% of credit administrators have master's degrees. Even though most credit administrators have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a credit administrator. When we researched the most common majors for a credit administrator, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on credit administrator resumes include master's degree degrees or high school diploma degrees.

You may find that experience in other jobs will help you become a credit administrator. In fact, many credit administrator jobs require experience in a role such as administrative assistant. Meanwhile, many credit administrators also have previous career experience in roles such as customer service representative or credit analyst.

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Average Salary
$45,182
Average Salary
Job Growth Rate
-8%
Job Growth Rate
Job Openings
29,154
Job Openings

Credit Administrator Career Paths

Top Careers Before Credit Administrator

Top Careers After Credit Administrator

What is the right job for my career path?

Tell us your goals and we'll match you with the rights job to get there.

Average Salary for a Credit Administrator

Credit Administrators in America make an average salary of $45,182 per year or $22 per hour. The top 10 percent makes over $69,000 per year, while the bottom 10 percent under $29,000 per year.
Average Salary
$45,182

Best Paying Cities

City
ascdesc
Average Salarydesc
New York, NY
Salary Range49k - 100k$70k$70,403
San Francisco, CA
Salary Range49k - 98k$70k$69,832
Denver, CO
Salary Range34k - 64k$47k$46,876
Saint Louis, MO
Salary Range32k - 64k$46k$46,001
Wausau, WI
Salary Range30k - 56k$41k$41,132
$30k
$100k

Recently Added Salaries

Job TitleCompanyascdescCompanyascdescStart DateascdescSalaryascdesc
Credit-Email Admin
Credit-Email Admin
Aqua Finance
Aqua Finance
01/08/2021
01/08/2021
$27,31901/08/2021
$27,319
Credit Admin-Title
Credit Admin-Title
Aqua Finance
Aqua Finance
12/18/2020
12/18/2020
$27,00612/18/2020
$27,006
Credit Administrator
Credit Administrator
Elite Roofing Supply
Elite Roofing Supply
09/27/2020
09/27/2020
$41,74009/27/2020
$41,740
Accounts Receivable/Credit Administrator
Accounts Receivable/Credit Administrator
Robert Half
Robert Half
08/20/2020
08/20/2020
$40,00008/20/2020
$40,000
Credit Administrator
Credit Administrator
Robert Half
Robert Half
02/25/2020
02/25/2020
$45,00002/25/2020
$45,000
See More Recent Salaries

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Credit Administrator Demographics

Gender

female

66.3 %

male

29.2 %

unknown

4.6 %

Ethnicity

White

67.7 %

Hispanic or Latino

12.5 %

Asian

8.6 %

Foreign Languages Spoken

Spanish

39.7 %

French

15.1 %

German

6.8 %
See More Demographics

Credit Administrator Education

Majors

Business
36.0 %
Finance
11.5 %

Degrees

Bachelors

53.7 %

Associate

16.1 %

Certificate

15.2 %

Top Colleges for Credit Administrators

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

4. SUNY at Binghamton

Vestal, NY • Public

In-State Tuition
$9,808
Enrollment
13,990

5. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

6. San Diego State University

San Diego, CA • Public

In-State Tuition
$7,488
Enrollment
30,018

7. Bentley University

Waltham, MA • Private

In-State Tuition
$49,880
Enrollment
4,177

8. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

9. SUNY Stony Brook

Stony Brook, NY • Public

In-State Tuition
$9,625
Enrollment
17,407

10. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339
See More Education Info
Job type you want
Full Time
Part Time
Internship
Temporary

Top Skills For a Credit Administrator

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 9.7% of credit administrators listed credit reports on their resume, but soft skills such as listening skills and negotiating skills are important as well.

Best States For a Credit Administrator

Some places are better than others when it comes to starting a career as a credit administrator. The best states for people in this position are Pennsylvania, New York, Virginia, and New Jersey. Credit administrators make the most in Pennsylvania with an average salary of $71,854. Whereas in New York and Virginia, they would average $69,190 and $67,368, respectively. While credit administrators would only make an average of $67,234 in New Jersey, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. Texas

Total Credit Administrator Jobs:
2,386
Highest 10% Earn:
$133,000
Location Quotient:
1.19
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. New York

Total Credit Administrator Jobs:
1,412
Highest 10% Earn:
$132,000
Location Quotient:
1.11
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Pennsylvania

Total Credit Administrator Jobs:
1,169
Highest 10% Earn:
$138,000
Location Quotient:
1.02
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
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How Do Credit Administrator Rate Their Jobs?

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2.0

Credit administratorMay 2019

2.0

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What do you like the most about working as Credit Administrator?

The job is self motivating and result oriented . Show More

What do you NOT like?

Its very demanding where by you have to closely monitor the portfolio every time and now to be able to report the right information . Show More

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Top Credit Administrator Employers

1. General Motors
4.9
Avg. Salary: 
$55,238
Credit Administrators Hired: 
38+
2. Citi
4.8
Avg. Salary: 
$111,871
Credit Administrators Hired: 
22+
3. Bank of America
4.8
Avg. Salary: 
$100,157
Credit Administrators Hired: 
19+
4. The Walt Disney Company
4.7
Avg. Salary: 
$61,440
Credit Administrators Hired: 
18+
5. Georgia-Pacific
4.2
Avg. Salary: 
$44,382
Credit Administrators Hired: 
12+
6. Sysco Minnesota
4.5
Avg. Salary: 
$70,962
Credit Administrators Hired: 
10+

Credit Administrator Videos

Updated October 2, 2020