How Much Do Credit Managers Make?
Having a clear understanding of earnings potential is important, especially if you are researching career paths or considering changing jobs. If you're one of those people, and you're curious what kind of salary credit managers make, you've come to the right place.
Using data from Lightcast,™ the Best Adult Colleges and Careers Guide has compiled rich information about salary for credit managers and related jobs, including details about average compensation, salary trends and job growth. We've also gathered advertised salaries from actual job postings to provide insight into what employers of credit managers are offering as compensation.
Keep reading to learn more about how much credit managers can expect to make in the United States.
At a Glance: Salary & Jobs for Credit Managers
According to data from 2023, there were about 74,329 positions for credit managers in the United States. In terms of salary, the national median salary for credit managers was reported to be $79,414. Additionally, when examining job demand, employers across the country posted 11,542 job postings related to positions for credit managers.
How Much Money Do Credit Managers Make?
Median salary is just one data point. To build a better understanding of how much money credit managers and related positions can expect to make in the United States, it can be helpful to look at the full range of compensation for those jobs.
Let's look more deeply at data that was reported to the U.S. Bureau of Labor Statistics (BLS) for detail into the lowest and highest salary earnings for credit managers.
Annual Salary for Credit Managers
According to the BLS, the lowest earners for credit managers and related professions earned about $50,066 per year in 2023. Meanwhile, at the other end of the spectrum, the highest earners made about $164,757 annually.
As mentioned previously, the median salary for credit managers in the United States in 2023 was $79,414.
Annual Salary Range For Credit Managers In 2023
Hourly Salary for Credit Managers
The BLS also breaks down compensation for credit managers by hourly salary, and the median average hourly pay for credit managers in 2023 was $38. Lowest hourly earners took home $24 while the highest reported hourly salaries for credit managers was $79.
Hourly Salary Range For Credit Managers In 2023
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Advertised Compensation for Credit Managers
Data from the BLS is one way to dig into compensation for credit managers, but another way to build a more real-time understanding of salary is to look at actual job postings and see what compensation organizations are currently providing to fill open positions for credit managers.
Keep in mind that salary data is not included in every job posting, so the information compiled here is reflective of the data available through Lightcast.™
Annual Salary from Job Postings for Credit Managers
Advertised Annual Salary
During a review of 13,840 job postings related to credit managers, advertised salary was included in 4,627 of them, which was 33%. Based on those postings, the median advertised salary for credit managers was $89,984 per year.
Hourly Salary from Job Postings for Credit Managers
Advertised Hourly Salary
A similar analysis of job postings provides insight into advertised hourly salary for credit managers. Based on 40% of postings with advertised compensation, the median hourly salary for open positions for credit managers in the United States is about $43.
Salary Trend for Credit Managers
If you're thinking about pursuing a career in the field, you may want to understand how compensation has changed over time for credit managers. The chart below provides a snapshot of advertised salaries over the past three years.
Based on compensation data that was included in job postings for credit managers dating back to September 2020, advertised salaries for credit managers have increased 50%.
Advertised Wage Trend For Credit Managers
What's the Job Growth for Credit Managers?
Another data point that someone thinking about a career path should consider is whether or not jobs are expected to see growth in the future. The chart below looks at projected employment for credit managers over the next 10 years.
According to the data obtained through Lightcast,™ there were 74,298 jobs for credit managers in the United States in 2023. By 2033, it is expected that about 429 jobs will be added. That's a 0.6% increase over the next 10-year period.
Employment Projections For Credit Managers
Additional Links
Ready to dig deeper into career information about credit managers? Visit our other pages focused on salary and education for credit managers.
What do credit managers do?
Credit Managers: How do you become one?
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