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What is a credit products officer and how to become one

Updated January 8, 2025
3 min read
There is more than meets the eye when it comes to being a credit products officer. For example, did you know that they make an average of $47.89 an hour? That's $99,608 a year! Between 2018 and 2028, the career is expected to grow 4% and produce 12,600 job opportunities across the U.S.
ScoreCredit Products OfficerUS Average
Salary
7.6

Avg. Salary $99,608

Avg. Salary $59,228

Stability level
7.3

Growth rate 4%

Growth rate 0.3%

Diversity
5.5
Race

American Indian and Alaska Native 0.48%

Asian 6.41%

Black or African American 9.23%

Hispanic or Latino 16.04%

Unknown 4.64%

White 63.21%

Gender

female 51.16%

male 48.84%

Age - 44
Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 44
Stress level
7.3

Stress level is high

7.1 - high

Complexity level
8.8

Complexity level is advanced

7 - challenging

Work life balance
5.6

Work life balance is fair

6.4 - fair

Key steps to become a credit products officer

  1. Explore credit products officer education requirements

    Most common credit products officer degrees

    Bachelor's

    68.4 %

    Master's

    25.3 %

    Diploma

    2.5 %
  2. Start to develop specific credit products officer skills

    SkillsPercentages
    Credit Analysis28.72%
    Financial Statements19.82%
    Credit Quality19.71%
    Portfolio Management15.18%
    Credit Approval4.20%
  3. Complete relevant credit products officer training and internships

    Accountants spend an average of 6-12 months on post-employment, on-the-job training. New credit products officers learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a credit products officer based on U.S. Bureau of Labor Statistics data and data from real credit products officer resumes.
  4. Research credit products officer duties and responsibilities

    • Partner with small and entrepreneurial business to develop business plans and assist business owners with achieving payroll.
    • Partner with small and entrepreneurial business to develop business plans and assist business owners with achieving payroll.
    • Implement SOX compliance for all AR audit functions.
    • Develop and implement credit and collection polices and controls for Sarbanes-Oxley compliance for the entire corporation and publish across all divisions.
  5. Apply for credit products officer jobs

    Now it's time to start searching for a credit products officer job. Consider the tips below for a successful job search:

    1. Browse job boards for relevant postings
    2. Consult your professional network
    3. Reach out to companies you're interested in working for directly
    4. Watch out for job scams

How did you land your first credit products officer job

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Average credit products officer salary

The average credit products officer salary in the United States is $99,608 per year or $48 per hour. Credit products officer salaries range between $58,000 and $170,000 per year.

Average credit products officer salary
$99,608 Yearly
$47.89 hourly

What am I worth?

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How do credit products officers rate their job?

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Credit products officer reviews

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A zippia user wrote a review on Mar 2022
Cons

Having to Decline applicants


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Updated January 8, 2025

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

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