Credit Risk Manager Salary in Worcester, Massachusetts

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Credit Risk Manager Salary in Worcester, MA

What is the highest and lowest pay for Credit Risk Manager?

As of December 01, 2024, the average annual pay of Credit Risk Manager in Worcester, MA is $142,946. While Salary.com is seeing that the highest pay for Credit Risk Manager in Worcester, MA can go up to $175,145 and the lowest down to $88,635, but most earn between $114,518 and $159,800. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Credit Risk Manager in the United States.

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Credit Risk Manager Salaries by Percentile
Annual
Salary		 Monthly
Pay		 Weekly
Pay		 Hourly
Wage
75th Percentile $151,470 $12,622 $2,913 $73
Average $135,494 $11,291 $2,606 $65
25th Percentile $108,548 $9,046 $2,087 $52
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Average Salary

25% $114,518 10% $88,635 90% $175,145 75% $159,800 $142,946 50%(Median) Didn’t find job title? Click
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View Credit Risk Manager Salary by Hour, Week, Month, Year

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Last Updated on December 01, 2024
$108,548
Average
$135,494/year
$151,470
$9,046
Average
$11,291/month
$12,622
$2,087
Average
$2,606/week
$2,913
$52
Average
$65/hour
$73
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $151,470 $12,622 $2,913 $73
Average $135,494 $11,291 $2,606 $65
25th Percentile $108,548 $9,046 $2,087 $52
Last Updated on December 01, 2024

View Credit Risk Manager Salary by Experience Levels

An entry-level Credit Risk Manager with under 1 year experience makes about $131,736. With less than 2 years of experience, a mid-level Credit Risk Manager makes around $133,004. After 2-4 years, the Credit Risk Manager pay rises to about $135,116. Those senior Credit Risk Manager with 5-8 years of experience earn roughly $138,073, and those Credit Risk Manager having 8 years or more experience are expected to earn about $142,298 on average.

Levels Salary
Entry Level Credit Risk Manager $131,736
Intermediate Level Credit Risk Manager $133,004
Senior Level Credit Risk Manager $135,116
Specialist Level Credit Risk Manager $138,073
Expert Level Credit Risk Manager $142,298
$131,736 0 yr
$133,004 < 2 yrs
$135,116 2-4 yrs
$138,073 5-8 yrs
$142,298 > 8 yrs
Last Updated on December 01, 2024
Entry Level 3%
Mid Level 2%
Senior Level 0%
Top Level 2%
Experienced 5%
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Last Updated on December 01, 2024

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Job Openings of Credit Risk Manager

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Cost of Living In Worcester, MA

Cost of Living in Worcester , MA is
22.3% Higher
than the National Average
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Best-Paid Skills and Qualifications for Credit Risk Manager

What skills does a Credit Risk Manager need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.

Trading: Trading is the act or process of buying, selling, or exchanging commodities, at either wholesale or retail, within a country or between countries.

3.

Python: Applying the concepts and algorithms of Python to design, develop and maintain software applications to comply with business requirements.

See More Skills
Analysis 7.83%
Trading 1.91%
Python 1.18%
Others 89.08%
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What skills can make your compensation higher?
Mastering certain skills can make the compensation of a Credit Risk Manager higher. Salary.com's Real-time Job Posting Salary Data provides you the latest highly compensated skills to help you get a higher pay. For example, if you master Business Statistics, you can get a 14% salary raise. If you are good at Credit Products, your salary will increase by 12%. If you are expert in Stress Testing, your salary will rise by 12%.
Skill Salary Demand
Business Statistics
 $162,958
14%
Credit Products
 $160,100
12%
Stress Testing
 $160,100
12%
Continuous Monitoring
 $158,670
11%
Risk Management
 $157,241
10%
Capital Market
 $157,241
10%
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Last Updated on December 01, 2024

About Our Data

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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The average salary for a Credit Risk Manager is $142,946 per year in Worcester, MA, updated at December 01, 2024.
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