The salary of a VP of Credit and Collections in the United States varies depending on several factors, including experience, location, education level, marketing trend and company sizes.
As of April 01, 2025, the average annual salary for a VP of Credit and Collections in the United States is $199,536. According to Salary.com, salaries can range from a low of $163,094 to a high of $213,549, with most professionals earning between $180,461 and $206,871.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $206,871 | $17,239 | $3,978 | $99 |
| Average | $199,536 | $16,628 | $3,837 | $96 |
| 25th Percentile | $180,461 | $15,038 | $3,470 | $87 |
An entry-level VP of Credit and Collections with less than 1 year of experience earns about $187,863. With 1-2 years of experience, the average salary increases to $189,571. For 2-4 years of experience, the pay typically rises to $191,849. Senior-level professionals with 5-8 years of experience earn around $195,265, and those with over 8 years of experience can expect an average of $199,536.
| Levels | Salary |
|---|---|
| Entry Level VP of Credit and Collections | $187,863 |
| Intermediate Level VP of Credit and Collections | $189,571 |
| Senior Level VP of Credit and Collections | $191,849 |
| Specialist Level VP of Credit and Collections | $195,265 |
| Expert Level VP of Credit and Collections | $199,536 |
| Entry Level | 6% |
| Mid Level | 5% |
| Senior Level | 4% |
| Top Level | 2% |
| Experienced | 0% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of April 01, 2025, our research reveals a significant shift in VP of Credit and Collections compensation over the past six years. For example, the median salary increased from $207,553 in 2023 to approximately $209,931 in 2024. (For a detailed analysis of VP of Credit and Collections salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
Salary.com job board provides millions of VP of Credit and Collections information for you to search for. Click on search button below to see VP of Credit and Collections job openings or enter a new job title here.
Here are companies hiring for VP of Credit and Collections and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $199,536 | 74.2% | ||
| Bonus | $0 | 0.0% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $13,346 | 5.0% | ||
| 401K/403B | $8,381 | 3.1% | ||
| Disability | $3,991 | 1.5% | ||
| Healthcare | $8,352 | 3.1% | ||
| Pension | $10,775 | 4.0% | ||
| Time Off | $24,558 | 9.1% | ||
| Total Compensation | $268,939 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| High School | 20.0% |
| Associates | 10.0% |
| Bachelors | 56.7% |
| Masters | 13.3% |
What Am I Worth?
The average annual salary of VP of Credit and Collections is $199,536. In case you are finding an easy salary calculator, the average hourly pay of VP of Credit and Collections is $96; the average weekly pay of VP of Credit and Collections is $3,837; the average monthly pay of VP of Credit and Collections is $16,628.
A VP of Credit and Collections'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 VP of Credit and Collections earns the most in San Jose, CA, where the annual salary of a VP of Credit and Collections is $251,675.
The highest pay for VP of Credit and Collections is $213,549.
The lowest pay for VP of Credit and Collections is $163,094.
Leads the overall credit function. Develops policies regarding the investigation of customers, extension of credit lines, and collections. Ensures all policies are followed. Requires a bachelor's degree. Typically reports to top management. Manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. Typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function.
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.
