As of March 01, 2025, the average annual salary for a Credit Risk Manager in Chicago, IL is $129,906. According to Salary.com, salaries can range from a low of $101,302 to a high of $153,289, with most professionals earning between $114,934 and $142,146.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $135,506 | $11,292 | $2,606 | $65 |
| Average | $123,838 | $10,320 | $2,382 | $60 |
| 25th Percentile | $109,565 | $9,130 | $2,107 | $53 |
An entry-level Credit Risk Manager with under 1 year experience makes about $124,319. With less than 2 years of experience, a mid-level Credit Risk Manager makes around $124,990. After 2-4 years, the Credit Risk Manager pay rises to about $126,107. Those senior Credit Risk Manager with 5-8 years of experience earn roughly $127,671, and those Credit Risk Manager having 8 years or more experience are expected to earn about $129,906 on average.
| Levels | Salary |
|---|---|
| Entry Level Credit Risk Manager | $124,319 |
| Intermediate Level Credit Risk Manager | $124,990 |
| Senior Level Credit Risk Manager | $126,107 |
| Specialist Level Credit Risk Manager | $127,671 |
| Expert Level Credit Risk Manager | $129,906 |
| Entry Level | 0% |
| Mid Level | 1% |
| Senior Level | 2% |
| Top Level | 3% |
| Experienced | 5% |
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| Skill | Salary | Demand |
|---|---|---|
|
Business Statistics
|
$148,093 |
14%
|
|
Credit Products
|
$145,495 |
12%
|
|
Stress Testing
|
$145,495 |
12%
|
|
Continuous Monitoring
|
$144,196 |
11%
|
|
Risk Management
|
$142,897 |
10%
|
|
Capital Market
|
$142,897 |
10%
|
