How Much Do Credit Risk 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 risk 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 risk 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 risk managers are offering as compensation.
Keep reading to learn more about how much credit risk managers can expect to make in the United States.
At a Glance: Salary & Jobs for Credit Risk Managers
According to data from 2023, there were about 59,374 positions for credit risk managers in the United States. In terms of salary, the national median salary for credit risk managers was reported to be $106,101. Additionally, when examining job demand, employers across the country posted 61,568 job postings related to positions for credit risk managers.
How Much Money Do Credit Risk Managers Make?
Median salary is just one data point. To build a better understanding of how much money credit risk 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 risk managers.
Annual Salary for Credit Risk Managers
According to the BLS, the lowest earners for credit risk managers and related professions earned about $61,090 per year in 2023. Meanwhile, at the other end of the spectrum, the highest earners made about $184,330 annually.
As mentioned previously, the median salary for credit risk managers in the United States in 2023 was $106,101.
Annual Salary Range For Credit Risk Managers In 2023
Hourly Salary for Credit Risk Managers
The BLS also breaks down compensation for credit risk managers by hourly salary, and the median average hourly pay for credit risk managers in 2023 was $51. Lowest hourly earners took home $29 while the highest reported hourly salaries for credit risk managers was $89.
Hourly Salary Range For Credit Risk Managers In 2023
Advertised Compensation for Credit Risk Managers
Data from the BLS is one way to dig into compensation for credit risk 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 risk 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 Risk Managers
Advertised Annual Salary
During a review of 63,835 job postings related to credit risk managers, advertised salary was included in 25,273 of them, which was 40%. Based on those postings, the median advertised salary for credit risk managers was $117,120 per year.
Hourly Salary from Job Postings for Credit Risk Managers
Advertised Hourly Salary
A similar analysis of job postings provides insight into advertised hourly salary for credit risk managers. Based on 41% of postings with advertised compensation, the median hourly salary for open positions for credit risk managers in the United States is about $56.
Salary Trend for Credit Risk 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 risk 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 risk managers dating back to September 2020, advertised salaries for credit risk managers have increased 37%.
Advertised Wage Trend For Credit Risk Managers
What's the Job Growth for Credit Risk 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 risk managers over the next 10 years.
According to the data obtained through Lightcast,™ there were 59,315 jobs for credit risk managers in the United States in 2023. By 2033, it is expected that about 6,461 jobs will be added. That's a 10.9% increase over the next 10-year period.
Employment Projections For Credit Risk Managers
Additional Links
Ready to dig deeper into career information about credit risk managers? Visit our other pages focused on salary and education for credit risk managers.
What do credit risk managers do?
Credit Risk Managers: How do you become one?
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