Credit Managers: How to Become One

If you were to ask a group of credit managers about how they arrived at their current job, there's a good chance you would get several different answers about the paths and steps that each person took.

That said, there are still ways that you can develop a baseline understanding of the preparation that is necessary to become one.

The Best Adult Colleges and Careers Guide has gathered data to provide you with insight into the type of education that's commonly required for credit managers to land a job. This page contains information, sourced from real job postings, that describes the experience levels and specific skills that employers of credit managers expect candidates to have. In the end, this information will help you create an education or professional development plan that aligns with your career aspirations.

Keep reading to learn more about career steps for credit managers.

What Education & Experience is Needed for Credit Managers?

Do credit managers need a degree? What kind of experience do credit managers typically need? Thanks to data sourced from Lightcast™ from real job postings, we can get some clarity on those questions, as well as the level of education that is commonly required for credit managers to secure jobs.

Education Level Required in Job Postings for Credit Managers

A bachelor's degree is the level of education sought the most by employers of credit managers. According to job data, a bachelor's degree was required for 59% of positions. In 17% of job listings no education level was listed and in 12% of postings a High School diploma or GED was required.

Experience Level Required in Job Postings for Credit Managers

While the amount of required experience will vary based on the responsibility and seniority of the position, an aggregate view of job posting data can help paint a picture of the experience level sought for most job openings for credit managers. In 42% of job postings for Credit Managers, employers were looking for candidates with 2-3 years of experience. In 31% of listings employers were looking for candidates with 4-6 years of experience, while 0-1 years of experience was sought in 17% of job postings for credit managers.

What Kind of Degree Do Credit Managers Need?

So far this page has provided detail into the level of education and the amount of experience required in job openings for credit managers, but what type of education or degree will help prepare you for a career in the field?

According to occupational data obtained through Lightcast,™ there are 8 key academic programs that can help prepare prospective credit managers, and in 2021 a total of 130,308 of those programs were completed at institutions in the United States.

Check out the information below to learn more about the specific programs that should be considered by prospective credit managers.

Top Degree Programs for Credit Managers

Top Online College For Working Adults

Franklin University is a top choice for adults who need to balance school with busy lives. Founded in 1902 in Columbus, Ohio, Franklin's main focus has been serving adult students and tailoring education to fit their needs. Nonprofit and accredited by the Higher Learning Commission (hlcommission.org/800.621.7440), Franklin offers more than 50 affordable bachelor's, master's, and doctoral programs — all available 100% online.

Degree Options for Credit Managers

What Skills Do Credit Managers Need?

Education and experience have been covered, so what are the specific skills and traits needed by credit managers to secure a job?

A good way to understand this is to examine actual job postings for skills commonly sought by employers. Continue reading for a breakdown of specialized skills found in job postings for credit managers, as well as common skills that can help you thrive in the workplace.

In-Demand Skills for Today's Credit Managers
Based on 23,346 job postings

Based on 23,346 job postings related to credit managers, finance was the top specialized skill sought by employers, with 46% of all postings looking for that skillset. Skills for accounting, loans, credit risk, financial statements and underwriting were also highly sought.

As for common skills, management was the most desired skill found in job postings for credit managers, followed by communications, customer service, collections, microsoft excel and sales.

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?
How much do credit managers make?

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