As of May 01, 2026, the average salary for a Credit Risk Manager in the United States is $124,462 per year, which breaks down to an hourly rate of $60.
However, a Credit Risk Manager's salary can vary significantly. Here’s a look at the typical salary range:
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A Credit Risk Manager's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.
Experience is a primary driver of a Credit Risk Manager's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Credit Risk Officer II | 2-4 years | $92,788 |
| Credit Risk Officer III | 4-7 years | $105,022 |
| Credit Risk Manager | 7+ years | $124,462 |
| Credit Risk Senior Manager | 7+ years | $138,171 |
| Credit Risk Director | 7+ years | $176,948 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Credit Risk Managers. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Analysis | 7.92% |
| Trading | 1.93% |
| Credit Products | 1.29% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Business Statistics
|
$141,887 |
14%
|
|
Credit Products
|
$139,397 |
12%
|
|
Stress Testing
|
$139,397 |
12%
|
|
Continuous Monitoring
|
$138,153 |
11%
|
|
Risk Management
|
$136,908 |
10%
|
|
Capital Market
|
$136,908 |
10%
|
Your level of education can impact your salary potential. While many Credit Risk Managers enter the field with a Bachelor's Degree degree, higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data, the median salary for a Credit Risk Manager with a Bachelor's Degree is between $124,068 and $137,253).
Credit Risk Manager Salaries by Degree Level
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 6.9% |
| High School | 6.9% |
| Associates | 5.2% |
| Bachelors | 34.5% |
| Masters | 50.0% |
| Doctorate | 3.4% |
Understanding how a Credit Risk Manager's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on May 01, 2026For a Credit Risk Manager, the most direct path to higher earnings is advancing to the Credit Risk Senior Manager role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $138,171 - a projected growth of 11% over your current level.
Salaries for a Credit Risk Manager can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $111,346 in 2023 to around $109,405 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Credit Risk Manager salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
View More
|
| 2023 | $111,346 |
| 2024 | $112,041 |
| 2025 | $109,405 |
| 2026 |
View More
|
| 2027 |
View More
|
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A Credit Risk Manager's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Credit Risk Manager earns the most in San Jose, CA, where the annual salary of a Credit Risk Manager is $156,984.
The highest pay for Credit Risk Manager is $142,202.
The lowest pay for Credit Risk Manager is $102,847.
Manages the credit risk exposure of a financial institution to mitigate and reduce risk. Leads the credit risk evaluation process to ensure thorough analysis and consistent application of risk standards. Implements policies and procedures to ensure credit exposures remain within risk limits and regulatory requirements. Develops risk models and frameworks to evaluate credit proposals and provide risk-based recommendations that align with business objectives. Requires a bachelor's degree. Typically reports to a director. Manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Typically requires 5 years experience in the related area as an individual contributor. 1-3 years supervisory experience may be required. Extensive knowledge of the function and department processes.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.
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