What’s the range of the average salary for a credit risk manager in the U.S.?
- $60K – $80K
- $80K – $100K
- $100K – $120K
- Over $120K
According to the website, Salary.com, the average Credit Risk Manager salary in the United States is $121,703 as of January 29, 2021, with the range between $97,504 and $136,058. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, and the number of years spent in the profession.
According to ZipRecruiter, the average Credit Risk Manager salary in the United States is $114,250 as of February 14, 2021. While ZipRecruiter is seeing annual salaries as high as $132,000 and as low as $88,000, the majority of Credit Risk Manager salaries currently range between $108,000 (25th percentile) to $121,000 (75th percentile) with top earners (90th percentile) making $129,500 annually across the United States. The average pay range for a Credit Risk Manager varies little (about $13,000), which suggests that regardless of location, there are not many opportunities for increased pay or advancement, even with several years of experience.
ZipRecruiter has identified 10 cities where the typical salary for a Credit Risk Manager job is above the national average. Topping the list is San Mateo, CA, with Berkeley, CA and Daly City, CA close behind in the second and third positions. Daly City, CA beats the national average by $19,299 (16.9%), and San Mateo, CA furthers that trend with another $24,526 (21.5%) above the $114,250 average.
Importantly, San Mateo, CA has a modest Credit Risk Manager job market with only a few companies currently hiring for this type of role.
With these 10 cities having average salaries higher than the national average, the opportunities for economic advancement by changing locations as a Credit Risk Manager appears to be fruitful.
Finally, another factor to consider is the average salary for these top ten cities varies very little at 9% between San Mateo, CA and Bellevue, WA, reinforcing the limited potential for much wage advancement. The possibility of a lower cost of living may be the best factor to use when considering location and salary for a Credit Risk Manager role.