Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
Credit manager salary
Average credit manager salary
$68,583
Average Credit Manager Salary
The average salary for a Credit Manager is approximately $68,583 annually in the United States. Salaries can vary significantly based on factors such as location, experience, and specific industry. In particular, Credit Managers with advanced skills and certifications often earn more, reflecting their value in financial decision-making.
Factors Influencing Salary
- Experience Level: Entry-level positions typically start lower, while seasoned professionals can earn upwards of $90,000.
- Geographic Location: States like California, Texas, and New York often offer higher salaries due to cost of living and demand for finance professionals.
- Industry: Credit Managers in finance and banking sectors generally see higher compensation compared to those in retail or manufacturing.
Career Outlook
As businesses continue to focus on managing credit risk effectively, the demand for skilled Credit Managers is expected to grow, making this a promising career path.
Let Zippia find your next credit manager job
Let Zippia find your next credit manager job
Where can a Credit Manager earn more?
Credit manager salaries by experience level
| Experience level | Avg. salary | Hourly rate |
|---|---|---|
| Entry-level credit manager | $47,200 | $22.67 |
| Mid-level credit manager | $73,000 | $35.09 |
| Senior-level credit manager | $112,000 | $53.93 |
Credit manager salary estimates from across the web
Average credit manager salary by state
The highest-paying states for credit managers are Oregon, California, and Washington. The lowest average credit manager salary states are Florida, Mississippi, and Alabama.
- State view
- County view
Highest paying states for credit managers
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Washington | $93,161 | $44.79 |
| 2 | California | $93,963 | $45.17 |
| 3 | Oregon | $98,777 | $47.49 |
| 4 | New York | $86,450 | $41.56 |
| 5 | Delaware | $80,674 | $38.79 |
| 6 | Massachusetts | $79,897 | $38.41 |
| 7 | Nevada | $88,786 | $42.69 |
| 8 | Virginia | $80,566 | $38.73 |
| 9 | Connecticut | $78,703 | $37.84 |
| 10 | Alaska | $91,840 | $44.15 |
| 11 | Arizona | $72,799 | $35.00 |
| 12 | Rhode Island | $76,747 | $36.90 |
| 13 | District of Columbia | $75,133 | $36.12 |
| 14 | New Jersey | $76,245 | $36.66 |
| 15 | Maryland | $72,982 | $35.09 |
| 16 | Pennsylvania | $69,026 | $33.19 |
| 17 | Illinois | $68,925 | $33.14 |
| 18 | Utah | $67,068 | $32.24 |
| 19 | Louisiana | $71,011 | $34.14 |
| 20 | Michigan | $67,477 | $32.44 |
| 21 | Texas | $66,189 | $31.82 |
| 22 | Idaho | $70,055 | $33.68 |
| 23 | Indiana | $66,084 | $31.77 |
| 24 | Montana | $66,419 | $31.93 |
| 25 | West Virginia | $66,530 | $31.99 |
| 26 | Kentucky | $65,500 | $31.49 |
| 27 | New Hampshire | $69,978 | $33.64 |
| 28 | Hawaii | $70,830 | $34.05 |
| 29 | Tennessee | $64,163 | $30.85 |
| 30 | South Carolina | $66,283 | $31.87 |
| 31 | New Mexico | $66,414 | $31.93 |
| 32 | Minnesota | $60,304 | $28.99 |
| 33 | North Carolina | $57,425 | $27.61 |
| 34 | Ohio | $59,381 | $28.55 |
| 35 | Georgia | $56,130 | $26.99 |
| 36 | Arkansas | $56,883 | $27.35 |
| 37 | Missouri | $54,636 | $26.27 |
| 38 | Colorado | $53,973 | $25.95 |
| 39 | Wyoming | $59,890 | $28.79 |
| 40 | Kansas | $53,937 | $25.93 |
| 41 | Wisconsin | $54,903 | $26.40 |
| 42 | Florida | $52,754 | $25.36 |
| 43 | Maine | $57,009 | $27.41 |
| 44 | North Dakota | $54,975 | $26.43 |
| 45 | South Dakota | $53,705 | $25.82 |
| 46 | Iowa | $49,890 | $23.99 |
| 47 | Alabama | $52,039 | $25.02 |
| 48 | Mississippi | $52,691 | $25.33 |
| 49 | Vermont | $53,568 | $25.75 |
| 50 | Oklahoma | $51,806 | $24.91 |
| 51 | Nebraska | $49,007 | $23.56 |
Highest paying cities for credit managers
The highest-paying cities for credit managers are San Francisco, CA, Tigard, OR, and Seattle, WA.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | San Francisco, CA | $106,920 | $51.40 |
| 2 | Tigard, OR | $98,481 | $47.35 |
| 3 | Seattle, WA | $94,417 | $45.39 |
| 4 | Hicksville, NY | $87,079 | $41.86 |
| 5 | Las Vegas, NV | $86,998 | $41.83 |
| 6 | McLean, VA | $82,761 | $39.79 |
| 7 | Newark, DE | $80,719 | $38.81 |
| 8 | Boston, MA | $79,637 | $38.29 |
| 9 | Stamford, CT | $78,923 | $37.94 |
| 10 | Newark, NJ | $76,251 | $36.66 |
| 11 | Phoenix, AZ | $73,185 | $35.19 |
| 12 | Baltimore, MD | $73,171 | $35.18 |
| 13 | Philadelphia, PA | $69,619 | $33.47 |
| 14 | Chicago, IL | $69,379 | $33.36 |
| 15 | Austin, TX | $67,066 | $32.24 |
| 16 | Greenville, SC | $66,366 | $31.91 |
| 17 | Brentwood, TN | $64,343 | $30.93 |
| 18 | Minneapolis, MN | $60,374 | $29.03 |
| 19 | Raleigh, NC | $59,081 | $28.40 |
| 20 | Atlanta, GA | $56,084 | $26.96 |
Credit manager salary details
A credit manager's salary ranges from $39,000 a year at the 10th percentile to $119,000 at the 90th percentile.
What is a credit manager's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $119,000 | $9,917 | $57 |
| 75th Percentile | $91,000 | $7,583 | $44 |
| Average | $68,583 | $5,715 | $33 |
| 25th Percentile | $51,000 | $4,250 | $25 |
| 10th Percentile | $39,000 | $3,250 | $19 |
Highest paying credit manager jobs
The highest paying types of credit managers are credit officer, banking center manager, and audit manager.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Accounts Receivable Manager | $69,403 | $5,784 | $33.37 | 53,859 |
| Banking Center Manager | $128,585 | $10,715 | $61.82 | 87,078 |
| Finance Center Manager | $58,763 | $4,897 | $28.25 | 151,642 |
| Investments Manager | $116,101 | $9,675 | $55.82 | 42,946 |
| Bank Manager | $96,909 | $8,076 | $46.59 | 66,136 |
| Finance Manager | $101,374 | $8,448 | $48.74 | 125,345 |
Top companies hiring credit managers now:
Which companies pay credit managers the most?
Credit manager salaries at Microsoft and First Republic Bank are the highest-paying according to our most recent salary estimates. In addition, the average credit manager salary at companies like BNP Paribas and Nomura Securities are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Microsoft | $148,108 | $71.21 |
| 2 | First Republic Bank | $142,280 | $68.40 |
| 3 | BNP Paribas | $135,232 | $65.02 |
| 4 | Nomura Securities | $129,861 | $62.43 |
| 5 | Cisco | $125,891 | $60.52 |
| 6 | ABN AMRO Chicago Corporation | $124,750 | $59.98 |
| 7 | BMO Capital Markets | $124,461 | $59.84 |
| 8 | Ernst & Young | $120,145 | $57.76 |
| 9 | HSBC Bank | $119,985 | $57.69 |
| 10 | Tennant | $119,893 | $57.64 |
| 11 | Standard Chartered | $116,890 | $56.20 |
| 12 | RSM US | $116,175 | $55.85 |
| 13 | CBC Companies Inc | $110,428 | $53.09 |
| 14 | FHLBank Chicago | $109,239 | $52.52 |
| 15 | American Express | $109,091 | $52.45 |
| 16 | Fiserv | $106,959 | $51.42 |
| 17 | Deloitte | $102,445 | $49.25 |
| 18 | Volvo Trucks | $101,594 | $48.84 |
| 19 | BTG Pactual | $100,602 | $48.37 |
| 20 | Teva Pharmaceuticals | $99,872 | $48.02 |
Wage gap by gender, race and education
Credit Manager salary by industry
The average credit manager salary varies across industries:
- The average credit manager salary in the finance industry is $86,294, the highest of any industry.
- The average credit manager salary in the finance industry is $80,586.
- Credit managers in the retail industry earn an average salary of $60,203, the lowest of any industry.
Highest paying industries for credit managers
| Rank | Industry | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Finance | $86,294 | $41.49 |
| 2 | Technology | $80,586 | $38.74 |
| 3 | Health Care | $73,236 | $35.21 |
| 4 | Construction | $70,522 | $33.90 |
| 5 | Hospitality | $65,004 | $31.25 |
| 6 | Manufacturing | $63,756 | $30.65 |
| 7 | Retail | $60,203 | $28.94 |
High paying credit manager jobs
Credit manager salary trends
The average credit manager salary has risen by $13,811 over the last ten years. In 2014, the average credit manager earned $54,772 annually, but today, they earn $68,583 a year. That works out to a 10% change in pay for credit managers over the last decade.
Compare credit manager salaries for cities or states with the national average over time.
Average credit manager salary over time
Compare credit manager salaries for individual cities or states with the national average.
Credit manager salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $68,600 | $32.97 | +3.2% |
| 2024 | $66,400 | $31.92 | +1.5% |
| 2023 | $65,400 | $31.45 | +2.3% |
| 2022 | $63,900 | $30.74 | +2.7% |
| 2021 | $62,200 | $29.92 | +3.1% |
Recently added credit manager salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Pricewaterhousecoopers | Specialized Tax Services-Energy Incentives & Credits Manager | New York, NY | 06/30/2025 | $98,300 |
| Relativity | Credit Manager | Long Beach, CA | 06/29/2025 | $89,000 |
| U.S. Bank | Market Credit Manager | Montpelier, VT | 06/28/2025 | $186,150 |
| U.S. Bank | Market Credit Manager | Charleston, WV | 06/28/2025 | $186,150 |
| U.S. Bank | Market Credit Manager | Washington, DC | 06/28/2025 | $186,150 |
| U.S. Bank | Market Credit Manager | Fargo, ND | 06/28/2025 | $186,150 |
| U.S. Bank | Market Credit Manager | Little Rock, AR | 06/28/2025 | $186,150 |
| U.S. Bank | Market Credit Manager | Providence, RI | 06/28/2025 | $186,150 |
| U.S. Bank | Market Credit Manager | Portland, ME | 06/28/2025 | $186,150 |
| U.S. Bank | Market Credit Manager | New York, NY | 06/28/2025 | $186,150 |
Credit manager salary FAQs
Search for credit manager jobs