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Credit Manager

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Credit managers work for organisations that lend money or sell goods or services on credit. They determine if individuals or businesses will be able to pay back any money they owe, manage their credit account and make sure the money is paid back as agreed.

The Work

There are two main types of credit manager:

You could be:

Pay

The figures below are only a guide. Actual pay rates may vary, depending on:

Starting salary for a credit controller is between £18,000 and £22,000 a year, rising for a senior credit controller to between £23,000 and £27,000 a year.

Credit managers earn between £30,000 and £42,000 a year. At higher levels salaries can rise to between £45,000 and £60,000 a year.

Conditions

Workforce Employment Status

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Getting In

Jobs are with credit card companies, hire purchase companies, banks, building societies and mail order companies. Look for vacancies on the CICM website or elsewhere on the internet, the Universal Jobmatch website (formerly Jobseekers Direct) and in your local Jobcentre Plus offices.

Workforce Education Levels (UK)

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Job Outlook Scotland

Employment

Unemployment

Percentage of workforce registered as unemployed (Scotland)

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Job Outlook Scotland and UK

  Scotland
2018
10725
1.5 %
RISE
2023
10881
  United Kingdom
2018
154598
2.5 %
RISE
2023
158533

LMI data powered by EMSI UK

What Does it Take?

You need to have:

You need to be able to:

Training

Getting On

Contacts

The following organisations may be able to provide further information.

Chartered Financial Analysts Society of the UK (CFA UK)
Tel: 020 7648 6200
E-mail: info@cfauk.org
Website: http://www.cfauk.org
Twitter: @cfauk

Chartered Institute of Credit Management
Tel: 01780 722900
E-mail: info@cicm.com
Website: http://www.cicm.com
Twitter: @CICM_HQ
Facebook: https://www.facebook.com/CreditManagement

Finance and Leasing Association (FLA)
Tel: 020 7836 6511
E-mail: info@fla.org.uk
Website: http://www.fla.org.uk

London Institute of Banking and Finance
Tel: 01227 818609
E-mail: customerservices@libf.ac.uk
Website: http://www.libf.ac.uk
Twitter: @StudyLIBF
Facebook: https://www.facebook.com/StudyLIBF

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