How Much Does a Credit Manager Make in 2025?
Credit managers, also known as financial managers, are responsible for maintaining the financial health of any organization. They typically create financial reports, enhance investment opportunities, and develop comprehensive plans to achieve the long-term financial goals of a company. They often work in teams, acting as consultants to the company’s top executives.
The U.S. Bureau of Labor Statistics (BLS) expects the number of credit manager jobs to grow by 17% over the next ten years, producing an estimated 75,100 job openings every year from 2023 to 2033. Salary.com reports that the average salary of credit managers in 2025 is $120,100 per year.
This guide presents an overview of credit manager salaries, including salary data in every state and city in the US, key factors that influence them, and proven tips for increasing earnings.
What is the Average Credit Manager’s Salary?
According to Salary.com, the average salary for credit managers in the United States for 2025 is $120,100 per year.
2025 Average Salary for Credit Managers: $120,100 per year ($58 per hour)
As of this writing, the average credit manager income is $58 per hour, with hourly wages that can go up to $76 or down to $41. Meanwhile, the average weekly and monthly salaries for credit managers are $2,321 and $10,058, respectively.
What is the Pay Range for a Credit Manager?
Salary.com reveals that the salary range for credit managers starts at $84,784 per year and can reach as high as $157,763. However, it’s also important to note that this salary range for credit managers may vary and is heavily affected by key factors including education, level of experience, geographic location, and occupation demand.
Credit Manager Salary Range: $84,784 to $157,763 per year ($41 to $76 per hour)
| Percentile | By Hour | By Week | By Month | By Year |
|---|---|---|---|---|
| 10th Percentile | $41 | $1,630 | $7,065 | $84,784 |
| 25th Percentile | $49 | $1,960 | $8,492 | $101,900 |
| 50th Percentile (Median) | $58 | $2,321 | $10,058 | $120,700 |
| 75th Percentile | $67 | $2,694 | $11,675 | $140,100 |
| 90th Percentile | $76 | $3,034 | $13,147 | $157,763 |
Salary.com also reported that the average total compensation received by credit managers is $185,824. This already includes benefits and average additional cash compensation such as bonuses, health insurance, and time off.
Credit Manager Salary Factors
As previously mentioned, several factors can affect credit manager salaries. These include experience, location, and skills. Let’s explore each of these in detail.
Years of Experience
The average salary for credit managers, based on years of experience, ranges from $112,560 per year for entry-level credit managers to $121,506 per year for expert-level 121,506 with 8+ years of experience.
| Levels | Years of Experience | Average Salary per year |
|---|---|---|
| Entry Level Credit Manager | <1 | $112,560 |
| Intermediate Level Credit Manager | 1-2 | $113,393 |
| Senior Level Credit Manager | 2-4 | $115,336 |
| Specialist Level Credit Manager | 5-8 | $117,557 |
| Expert Level Credit Manager | 8+ | $121,506 |
Place of Work
BLS reported that the specific workplace significantly influences credit manager salaries. For instance, a credit manager working in the professional, scientific, and technical services industry can earn as much as $169,860 in 2023. This figure is about 23.6% higher than the salaries of credit managers in the government sector.
| Place of work | Median Annual Salary |
|---|---|
| Professional, Scientific, and Technical Services | $169,860 |
| Management of Companies and Enterprises | $167,820 |
| Finance and Insurance | $158,970 |
| Manufacturing | $158,750 |
| Government | $129,850 |
Skill Set
Credit managers with certain in-demand skills are also in line to increase their salaries. For instance, the Real-time Job Posting Salary Data Report shows that a credit manager with skills in finance and accounting software products can earn up to 8% more than those without.
On the other hand, a credit manager having accounting and spreadsheet software skills is more likely to land a job with 39.85% and 25.77% demand, respectively.
| Skill | Demand | Salary Increase |
|---|---|---|
| Finance and Accounting Software Products | 20.59% | +8.00% |
| Financial Statements | 19.89% | +6.62% |
| Financial Analysis | 19.89% | +6.57% |
| Financial Risk Mitigation | 20.39% | +6.49% |
| Risk Identification Process | 20.09% | +6.49% |
| Audit Documentation | 20.69% | +6.40% |
Credit Manager Salary by City and State
A city or state must ensure compliance with the state minimum wage; therefore, the choice of location can also significantly impact the earning potential for this job title in the US. Talented and experienced credit managers can take advantage of this information to identify the most strategic locations for both living and working.
Highest Paying States for Credit Managers
Based on the Salary.com data, the District of Columbia offers the highest median annual wage for credit managers in the United States, at $134,300.
- District of Columbia: $134,300 per year (or $65 per hour)
- California: $133,100 per year (or $64 per hour)
- New Jersey: $132,200 per year (or $64 per hour)
- Alaska: $131,400 per year (or $63 per hour)
- Massachusetts: $131,300 per year (or $63 per hour)
Credit Manager Salary by State
| State | Average Annual Salary |
|---|---|
| Alaska | $131,400 |
| Alabama | $110,900 |
| Arkansas | $109,900 |
| Arizona | $117,500 |
| California | $133,100 |
| Colorado | $123,100 |
| Connecticut | $129,600 |
| District of Columbia | $134,300 |
| Delaware | $122,500 |
| Florida | $114,600 |
| Georgia | $116,700 |
| Hawaii | $126,100 |
| Iowa | $115,500 |
| Idaho | $112,600 |
| Illinois | $123,400 |
| Indiana | $117,100 |
| Kansas | $114,900 |
| Kentucky | $113,600 |
| Louisiana | $114,800 |
| Massachusetts | $131,300 |
| Maryland | $124,400 |
| Maine | $117,400 |
| Michigan | $119,100 |
| Minnesota | $123,400 |
| Missouri | $115,000 |
| Mississippi | $107,600 |
| Montana | $112,700 |
| North Carolina | $115,800 |
| North Dakota | $119,500 |
| Nebraska | $113,700 |
| New Hampshire | $122,700 |
| New Jersey | $132,200 |
| New Mexico | $111,300 |
| Nevada | $121,200 |
| New York | $128,600 |
| Ohio | $118,000 |
| Oklahoma | $111,600 |
| Oregon | $122,600 |
| Pennsylvania | $120,400 |
| Rhode Island | $126,000 |
| South Carolina | $113,900 |
| South Dakota | $108,500 |
| Tennessee | $111,700 |
| Texas | $118,100 |
| Utah | $114,800 |
| Virginia | $121,000 |
| Vermont | $118,400 |
| Washington | $130,100 |
| Wisconsin | $119,200 |
| West Virginia | $108,600 |
| Wyoming | $115,700 |
Highest Paying Cities for Credit Managers
According to the Salary.com data, the city of San Jose, California is the highest-paying city for credit managers with $151,400 per year or $73 per hour. Recent credit manager salaries show that the 6 highest paying cities are as follows:
- San Jose, California: $151,400 per year (or $73 per hour)
- San Francisco, California: $150,800 per year ($73 per hour)
- Oakland, California: $147,200 per year ($71 per hour)
- New York, New York: $140,900 per year ($68 per hour)
- Queens Village, New York: $140,000 per year ($67 per hour)
- Paramus, New Jersey: $139,000 per year ($67 per hour)
Ways to Increase Your Salary as a Credit Manager
Credit managers have several opportunities to increase their salary by gaining more experience, improving in-demand skills, and exploring growth within the role.
- Develop a strong educational background: A credit manager is required to at least have a bachelor’s degree in business, economics, or a related field to enter the occupation. A master’s degree in business could also be a huge plus, especially for large corporations and international businesses in need of a credit manager.
- Earn relevant certifications: Gathering professional certifications from accredited associations also indicates expertise and competency. To increase your earning capacity, consider taking action and explore certification programs from AGA, CGFM, CFA, and AFP.
- Pass licensure exams: Certain licensure exams are also available to earn prestigious credibility like the Certified Treasury Professional (CTP) and Certified Corporate Financial Planning Analysis Professional (FP&A). A credit manager may also become a Certified Public Accountant (CPA) to progress his career.
- Gather work experience in other occupations: Moreover, credit managers may gain additional experience from related occupations and may work as loan officers, accountants, securities sales agents, or financial analysts. All these jobs will provide valuable training and experience to boost your skills as a credit manager.
- Gain essential core qualities: Having essential qualities including analytical, communication, mathematical, organizational, and detail-oriented skills can make a good case for credit managers to earn more.
- Know your worth: Negotiating your pay by researching market rates for your current position and experience can increase your salary. As of this writing, credit manager salaries in the US range between $84,784 to $157,763 per year.
Average National Salaries by Source
As of February 12, 2025, data references from five major salary-reporting websites indicate that the national average salary for credit managers in the US is $85,196.40 (unweighted).
SALARY.COM AVG. SALARY
$120,700/year
INDEED.COM AVG. SALARY
$80,483/year
GLASSDOOR AVG. SALARY
$82,102/year
PAYSCALE AVG. SALARY
$75,039/year
ZIPRECRUITER AVG. SALARY
$67,658/year
