How much does a Credit Manager make?
A Credit Manager plays a crucial role in ensuring the financial health of a company. This position involves evaluating the credit risk of customers, setting credit limits, and negotiating payment terms. For those interested in this career, it is essential to know the potential earnings.
The average yearly salary for a Credit Manager stands at approximately $93,884. This salary can vary based on factors such as experience, location, and the size of the company. Here is a look at the salary distribution for this role:
- 10% earn less than $30,000
- 20% earn less than $45,693
- 30% earn less than $61,385
- 40% earn less than $77,078
- 50% earn less than $92,771
- 60% earn less than $108,463
- 70% earn less than $124,156
- 80% earn less than $139,848
- 90% earn less than $155,541
- 95% earn less than $171,234
- 99% earn less than $186,926
What are the highest paying cities for a Credit Manager?

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Los Angeles, CA
Average Salary: $155,965
Working as a Credit Manager in Los Angeles offers a dynamic environment. Here, professionals often work with diverse companies in entertainment and technology. The competitive salary reflects the high demand for experienced credit managers.
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San Francisco, CA
Average Salary: $148,534
In San Francisco, the role of a Credit Manager thrives in a tech-driven economy. Many companies in this area focus on innovation and risk management. The job market here values skilled professionals who can handle complex credit evaluations.
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Charlotte, NC
Average Salary: $143,265
Charlotte presents a strong financial sector for Credit Managers. With its reputation as a banking hub, many job opportunities exist in finance and insurance. The city's growing economy attracts professionals seeking stability and growth.
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Minneapolis, MN
Average Salary: $140,960
Minneapolis offers a blend of tradition and modernity in its business environment. Here, Credit Managers often work with large corporations in finance and manufacturing. The city's collaborative culture fosters professional development and networking.
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Denver, CO
Average Salary: $140,463
In Denver, professionals can enjoy a vibrant job market with many opportunities in startups and established firms. The outdoor lifestyle and strong community make this city an attractive place to work. The competitive salary in Denver reflects the demand for skilled credit managers.
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Boston, MA
Average Salary: $135,943
Boston offers a rich history and a thriving job market for Credit Managers. Many companies here are leaders in finance, education, and healthcare. The city's dynamic economy provides numerous opportunities for career advancement.
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Washington, DC
Average Salary: $132,499
Washington, DC, offers a unique blend of politics and business. Credit Managers in this city often work with federal agencies and private companies. The high cost of living is offset by the competitive salaries and career growth opportunities.
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Chicago, IL
Average Salary: $131,787
Chicago is a major hub for finance and industry, making it an excellent place for Credit Managers. The city’s diverse economy includes numerous opportunities in banking and manufacturing. The professional environment here supports continuous learning and development.
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Miami, FL
Average Salary: $130,327
In Miami, Credit Managers enjoy a vibrant and multicultural work environment. The city’s growing business sector includes opportunities in finance, real estate, and international trade. The warm climate and diverse culture enhance the quality of life.
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Dallas, TX
Average Salary: $126,140
Dallas offers a strong economy with many opportunities for Credit Managers in finance and energy sectors. The city’s business-friendly environment supports professional growth and networking. The competitive salary in Dallas reflects the demand for experienced credit professionals.
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What are the best companies a Credit Manager can work for?

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PwC
Average Salary: $180,611
PwC offers competitive salaries for Credit Managers. They have roles across many locations. These roles focus on managing credit risk and improving financial health. PwC operates globally, with key offices in New York, London, and Singapore.
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U.S. Bank
Average Salary: $146,207
U.S. Bank provides attractive pay for Credit Managers. They manage credit for businesses and individuals. Roles can be found in major cities such as Minneapolis, San Francisco, and New York. The company values stability and growth.
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Robert Half
Average Salary: $99,227
Robert Half offers solid compensation for Credit Managers. They focus on financial control and risk management. Positions are available in cities like Los Angeles, Chicago, and Miami. Robert Half is known for its diverse opportunities.
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US LBM Holdings
Average Salary: $77,629
US LBM Holdings pays well for Credit Manager positions. These roles manage credit for building material suppliers. The company operates in cities like Houston, Denver, and Phoenix. They value teamwork and innovation.
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Farmers Home Furniture
Average Salary: $41,205
Farmers Home Furniture offers a decent salary for Credit Managers. They manage credit for home furnishings customers. The company is based in Decatur, Illinois. They focus on strong customer service and community involvement.
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Buddy's Home Furnishings
Average Salary: $39,711
Buddy's Home Furnishings provides a good pay for Credit Managers. They manage credit for furniture customers. The company operates in cities like Greenville, South Carolina. They focus on excellent customer care and community support.
How to earn more as a Credit Manager?
Working as a Credit Manager can open up many opportunities for career advancement and higher earnings. To maximize these opportunities, consider these important factors that can lead to a higher salary.
First, gaining experience is crucial. A Credit Manager with more years of experience typically earns more. Companies value experienced managers who understand credit policies and risk management. Second, holding a professional certification, such as the Certified Credit Management Professional (CCMP) designation, can significantly boost earnings. This certification shows a manager has the knowledge and skills needed to excel in the role.
Adding to experience, a manager with expertise in specific industries may earn more. Industries such as finance, healthcare, and retail often offer higher salaries for credit managers. Networking with other professionals in the field can lead to more job opportunities and higher-paying roles. Finally, a manager who excels at developing and implementing effective credit policies can earn more. Efficient credit policies can help a company manage risk and improve cash flow.
Here are five key factors to earn more as a Credit Manager:
- Gain more experience in the field.
- Obtain professional certifications.
- Specialize in a specific industry.
- Network with other professionals.
- Develop and implement effective credit policies.



