Average Credit Manager Salary in Chile for 2024

In this article, we will look at the average Credit Manager salary for 2024 in Chile and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Chilean peso. To keep things simple, we are using the CLP currency code instead of the currency symbol $.

How Much Does a Credit Manager Make in Chile?

A Credit Manager working in Chile will typically earn around 31,919,300 CLP per year, and this can range from the lowest average salary of about 16,320,700 CLP to the highest average salary of 49,079,800 CLP.

Average Annual Salary
31,919,300 CLP
Average Monthly Salary
2,659,941 CLP

Lowest Annual Salary
16,320,700 CLP
Lowest Monthly Salary
1,360,058 CLP

Highest Annual Salary
49,079,800 CLP
Highest Monthly Salary
4,089,983 CLP

These are average salaries for a Credit Manager in Chile and include benefits such as housing and transport. It's also possible for a Credit Manager to earn more or less than the average salaries shown above.

Credit Manager salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Credit Manager Salaries in Chile

So we've looked at the average salaries a Credit Manager will earn in Chile. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Credit Manager can earn between 16,320,700 CLP and 49,079,800 CLP on average in Chile. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Credit Manager in Chile is 31,320,700 CLP. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 31,320,700 CLP, and 50% of the population earn more than 31,320,700 CLP.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Credit Manager salary in Chile, 25% of the population are earning less than 21,361,700 CLP while 75% of the population earn more than 21,361,700 CLP.

75% of the population earn less than 39,358,400 CLP, and 25% of the population earn more than 39,358,400 CLP.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Credit Manager Salary by Experience Level in Chile

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average credit manager salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Credit Manager in Chile that has less than two years of experience can expect to earn somewhere in the region of 18,239,400 CLP.
  • 2 - 5 Years Experience. With two to five years of experience the average Credit Manager salary would increase to 23,878,400 CLP.
  • 5 - 10 Years Experience. From five to ten years of experience as a Credit Manager, the average salary would be 33,360,800 CLP.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 40,079,600 CLP.
  • 15 - 20 Years Experience. A Credit Manager with 15 to 20 years of experience can earn an average of 43,559,400 CLP.
  • 20+ Years Experience. For a Credit Manager with more than 20 years, the expected average salary increases to 47,038,300 CLP.

Average Salary by Experience Chart

0-2 Years
18,239,400 CLP
2-5 Years +31%
23,878,400 CLP
5-10 Years +40%
33,360,800 CLP
10-15 Years +20%
40,079,600 CLP
15-20 Years +9%
43,559,400 CLP
20+ Years +8%
47,038,300 CLP

Credit Manager Salary by Education Level in Chile

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Credit Manager in Chile based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Certificate or Diploma. A Credit Manager in Chile with a certificate or diploma education can earn an average salary of 20,878,800 CLP.

  • Bachelor's Degree. A Credit Manager in Chile with a bachelor's degree education can earn an average salary of 31,440,200 CLP.

  • Master's Degree. A Credit Manager in Chile with a master's degree education can earn an average salary of 46,560,900 CLP.

Average Salary by Education Chart

Certificate or Diploma
20,878,800 CLP
Bachelor's Degree +50%
31,440,200 CLP
Master's Degree +48%
46,560,900 CLP

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Chile is around 9,340,000 to 28,000,000 CLP and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Credit Manager Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Chile, a male credit manager will earn an average of 33,360,800 CLP, while a female credit manager will earn around 30,479,000 CLP.

This means that a male credit manager earns approximately 9% more than a female credit manager for performing the same job.

Average Salary by Gender Chart in Chile

Male
33,360,800 CLP
Female -9%
30,479,000 CLP

Credit Manager Average Pay Raise in Chile

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Credit Manager in Chile is around 11% every 19 months.

The national average pay raise across all professions and industries in Chile is around 7% every 19 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 11 ÷ 19 ) × 12  = 7%

What this means is that a Credit Manager in Chile can expect to receive an average pay raise of around 7% every 12 months.

Annual Pay Raise by Industry in Chile for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Chile.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Credit Manager Bonus and Incentive Rates in Chile

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Credit Manager is a high bonus based job, with 78% of employees reporting at least one bonus in the last 12 months.

22% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 6% to 8%.

Received Bonus
78%
No Bonus
22%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Chile earn approximately 7% more than private sector employees in the same role.

Public Sector
23,399,000 CLP
Private Sector -7%
21,841,900 CLP

Salaries for Jobs Similar to a Credit Manager

In the table below, we have salary information for jobs that are similar to a Credit Manager in Chile.

Job Title Category Salary
Account Examiner Accounting and Finance 12,121,000 CLP
Account Executive Accounting and Finance 20,760,500 CLP
Accountant Accounting and Finance 14,880,300 CLP
Accounting Analyst Accounting and Finance 18,479,600 CLP
Accounting Assistant Accounting and Finance 12,239,700 CLP
Accounting Associate Accounting and Finance 11,065,000 CLP
Accounting Clerk Accounting and Finance 9,576,900 CLP
Accounting Coordinator Accounting and Finance 14,519,400 CLP
Accounting Head Accounting and Finance 32,879,500 CLP
Accounting Manager Accounting and Finance 33,360,800 CLP
Accounting Officer Accounting and Finance 11,688,600 CLP
Accounting Specialist Accounting and Finance 22,321,900 CLP
Accounting Supervisor Accounting and Finance 20,878,800 CLP
Accounting Technician Accounting and Finance 11,399,200 CLP
Accounting Unit Controller Accounting and Finance 26,399,200 CLP
Accounts Executive Accounting and Finance 19,799,400 CLP
Accounts Officer Accounting and Finance 12,239,700 CLP
Accounts Payable and Receivable Specialist Accounting and Finance 15,480,300 CLP
Accounts Payable Assistant Accounting and Finance 13,079,500 CLP
Accounts Payable Associate Accounting and Finance 14,639,900 CLP
Accounts Payable Clerk Accounting and Finance 12,239,700 CLP
Accounts Payable Manager Accounting and Finance 30,600,900 CLP
Accounts Receivable Administrator Accounting and Finance 24,239,000 CLP
Accounts Receivable Clerk Accounting and Finance 11,998,600 CLP
Accounts Receivable Financial Analyst Accounting and Finance 21,719,900 CLP
Accounts Receivable Manager Accounting and Finance 29,641,500 CLP
Accounts Receivable Team Leader Accounting and Finance 22,558,900 CLP
Assistant Accountant Accounting and Finance 12,481,200 CLP
Assistant Accounting Manager Accounting and Finance 28,318,900 CLP
Assistant Auditor Accounting and Finance 16,439,200 CLP
Assistant Corporate Controller Accounting and Finance 20,760,500 CLP
Assistant Finance Manager Accounting and Finance 34,198,600 CLP
Assistant Financial Controller Accounting and Finance 22,081,800 CLP
Audit Director Accounting and Finance 35,758,400 CLP
Audit Supervisor Accounting and Finance 28,318,900 CLP
Auditing Clerk Accounting and Finance 12,239,700 CLP
Auditing Manager Accounting and Finance 31,320,700 CLP
Billing Clerk Accounting and Finance 12,721,300 CLP
Billing Coordinator Accounting and Finance 14,280,500 CLP
Billing Specialist Accounting and Finance 17,519,700 CLP
Billing Supervisor Accounting and Finance 23,759,100 CLP
Bookkeeper Accounting and Finance 10,669,400 CLP
Bookkeeping Specialist Accounting and Finance 15,599,800 CLP
Budget Analyst Accounting and Finance 26,280,300 CLP
Budget Manager Accounting and Finance 32,879,500 CLP
Business Support Analyst Accounting and Finance 18,598,500 CLP
Capital Markets Associate Accounting and Finance 24,239,000 CLP
Cash Flow Analyst Accounting and Finance 22,681,800 CLP
Cash Management Manager Accounting and Finance 31,081,900 CLP
Cash Management Officer Accounting and Finance 18,840,100 CLP
Cashbook Clerk Accounting and Finance 10,727,200 CLP
Chartered Accountant Accounting and Finance 19,799,400 CLP
Chief Accountant Accounting and Finance 22,441,700 CLP
Collections Clerk Accounting and Finance 9,804,400 CLP
Collections Representative Accounting and Finance 13,561,900 CLP
Collections Specialist Accounting and Finance 16,079,800 CLP
Corporate Controller Accounting and Finance 24,119,700 CLP
Corporate Treasurer Accounting and Finance 30,119,100 CLP
Cost Accountant Accounting and Finance 15,480,300 CLP
Cost Accounting Manager Accounting and Finance 32,639,300 CLP
Cost Accounting Supervisor Accounting and Finance 25,919,400 CLP
Cost Analyst Accounting and Finance 24,718,600 CLP
Credit and Collection Manager Accounting and Finance 31,919,300 CLP
Credit and Collection Staff Accounting and Finance 12,361,500 CLP
Credit and Loans Officer Accounting and Finance 11,724,400 CLP
Credit Controller Accounting and Finance 20,999,200 CLP
Debt Adviser Accounting and Finance 26,399,200 CLP
Debt Collector Accounting and Finance 12,121,000 CLP
Debtors Clerk Accounting and Finance 10,775,000 CLP
Debtors Controller Accounting and Finance 11,688,600 CLP
Deputy CFO Accounting and Finance 43,198,900 CLP
Deputy Head of Finance Accounting and Finance 42,601,100 CLP
Derivative Trader Accounting and Finance 25,919,400 CLP
Director of Finance Accounting and Finance 47,999,400 CLP
Economist Accounting and Finance 37,800,500 CLP
Equity Analyst Accounting and Finance 29,161,000 CLP
Escrow Assistant Accounting and Finance 14,280,500 CLP
Executive Accountant Accounting and Finance 17,519,700 CLP
External Auditor Accounting and Finance 22,081,800 CLP
Finance Administrator Accounting and Finance 17,758,500 CLP
Finance Analyst Accounting and Finance 29,881,100 CLP
Finance Associate Accounting and Finance 13,798,900 CLP
Finance Director Accounting and Finance 48,721,100 CLP
Finance Executive Accounting and Finance 33,481,400 CLP
Finance Licensing Clerk Accounting and Finance 10,919,400 CLP
Finance Licensing Manager Accounting and Finance 30,240,200 CLP
Finance Licensing Specialist Accounting and Finance 17,879,000 CLP
Finance Manager Accounting and Finance 43,800,600 CLP
Finance Officer Accounting and Finance 15,118,700 CLP
Finance President Accounting and Finance 46,199,800 CLP
Finance Relationship Manager Accounting and Finance 37,800,500 CLP
Finance Release Analyst Accounting and Finance 18,598,500 CLP
Finance Specialist Accounting and Finance 27,001,700 CLP
Finance Team Leader Accounting and Finance 36,240,700 CLP
Financial Accountant Accounting and Finance 15,719,900 CLP
Financial Actuary Accounting and Finance 24,239,000 CLP
Financial Administrator Accounting and Finance 26,280,300 CLP
Financial Advisor Accounting and Finance 27,960,400 CLP
Financial Analyst Accounting and Finance 28,801,400 CLP
Financial Applications Specialist Accounting and Finance 20,518,900 CLP
Financial Assistant Accounting and Finance 12,481,200 CLP
Financial Associate Accounting and Finance 12,361,500 CLP
Financial Associate Accounting and Finance 15,360,400 CLP
Financial Claims Analyst Accounting and Finance 21,841,900 CLP
Financial Claims Manager Accounting and Finance 27,361,200 CLP
Financial Claims Supervisor Accounting and Finance 26,520,600 CLP
Financial Clerk Accounting and Finance 11,748,300 CLP
Financial Commercial Analyst Accounting and Finance 22,081,800 CLP
Financial Compliance Analyst Accounting and Finance 25,079,200 CLP
Financial Consultant Accounting and Finance 20,760,500 CLP
Financial Controller Accounting and Finance 25,321,400 CLP
Financial Controller Accounting and Finance 25,801,200 CLP
Financial Coordinator Accounting and Finance 15,118,700 CLP
Financial Customer Service Manager Accounting and Finance 29,278,200 CLP
Financial Dealer and Broker Accounting and Finance 16,561,800 CLP
Financial Director Accounting and Finance 44,878,500 CLP
Financial Encoder Accounting and Finance 13,319,300 CLP
Financial Manager Accounting and Finance 42,119,100 CLP
Financial Operations Manager Accounting and Finance 39,241,100 CLP
Financial Policy Analyst Accounting and Finance 23,520,800 CLP
Financial Project Manager Accounting and Finance 33,841,700 CLP
Financial Quantitative Analyst Accounting and Finance 27,601,100 CLP
Financial Reporting Consultant Accounting and Finance 22,918,100 CLP
Financial Reporting Manager Accounting and Finance 28,919,800 CLP
Financial Section Head Accounting and Finance 30,360,800 CLP
Financial Services Manager Accounting and Finance 40,079,600 CLP
Financial Services Sales Agent Accounting and Finance 17,519,700 CLP
Fixed Assets Administrator Accounting and Finance 16,079,800 CLP
Forensic Accountant Accounting and Finance 19,078,500 CLP
Fraud Detection Supervisor Accounting and Finance 18,598,500 CLP
Fraud Prevention Manager Accounting and Finance 32,161,000 CLP
Fund Accountant Accounting and Finance 15,719,900 CLP
Grants Coordinator Accounting and Finance 11,389,900 CLP
Group Financial Manager Accounting and Finance 43,921,700 CLP
Internal Auditor Accounting and Finance 21,961,700 CLP
Internal Control Adviser Accounting and Finance 23,759,100 CLP
Internal Control Officer Accounting and Finance 13,798,900 CLP
International Tax Director Accounting and Finance 37,201,700 CLP
Inventory Accountant Accounting and Finance 16,439,200 CLP
Investment Advisor Accounting and Finance 41,638,700 CLP
Investment Analyst Accounting and Finance 32,038,500 CLP
Investment Associate Accounting and Finance 26,639,300 CLP
Investment Broker Accounting and Finance 25,801,200 CLP
Investment Fund Manager Accounting and Finance 36,841,600 CLP
Investment Operations Manager Accounting and Finance 35,758,400 CLP
Investment Underwriter Accounting and Finance 13,319,300 CLP
Investor Accounting and Finance 19,558,300 CLP
Investor Relations Manager Accounting and Finance 31,919,300 CLP
KYC Team Leader Accounting and Finance 30,841,400 CLP
Loan Processor Accounting and Finance 12,958,200 CLP
Management Accountant Accounting and Finance 17,879,000 CLP
Management Economist Accounting and Finance 36,960,300 CLP
Paymaster Accounting and Finance 12,361,500 CLP
Payroll Administrator Accounting and Finance 20,518,900 CLP
Payroll Benefits Coordinator Accounting and Finance 17,399,400 CLP
Payroll Billing Manager Accounting and Finance 29,881,100 CLP
Payroll Clerk Accounting and Finance 14,158,800 CLP
Payroll Manager Accounting and Finance 28,078,900 CLP
Payroll Officer Accounting and Finance 13,441,600 CLP
Payroll Specialist Accounting and Finance 16,799,900 CLP
Payroll Supervisor Accounting and Finance 20,400,600 CLP
Pensions Administrator Accounting and Finance 16,799,900 CLP
Personal Financial Advisor Accounting and Finance 22,918,100 CLP
Pricing Analyst Accounting and Finance 25,440,400 CLP
Private Equity Analyst Accounting and Finance 29,399,100 CLP
Project Accountant Accounting and Finance 16,918,700 CLP
Proposal Development Coordinator Accounting and Finance 14,158,800 CLP
Receivables Accountant Accounting and Finance 13,919,600 CLP
Regulatory Accountant Accounting and Finance 17,399,400 CLP
Retirement Plan Analyst Accounting and Finance 24,119,700 CLP
Revenue Management Specialist Accounting and Finance 26,158,200 CLP
Revenue Recognition Analyst Accounting and Finance 29,761,800 CLP
Risk Management Director Accounting and Finance 37,441,100 CLP
Risk Management Supervisor Accounting and Finance 32,161,000 CLP
Staff Accountant Accounting and Finance 15,118,700 CLP
Tax Accountant Accounting and Finance 14,639,900 CLP
Tax Administrator Accounting and Finance 17,758,500 CLP
Tax Advisor Accounting and Finance 23,759,100 CLP
Tax Analyst Accounting and Finance 24,841,800 CLP
Tax Associate Accounting and Finance 13,798,900 CLP
Tax Consultant Accounting and Finance 24,359,000 CLP
Tax Director Accounting and Finance 37,078,800 CLP
Tax Examiner Accounting and Finance 16,439,200 CLP
Tax Manager Accounting and Finance 31,320,700 CLP
Tax Research Manager Accounting and Finance 32,758,100 CLP
Teller Accounting and Finance 9,010,800 CLP
Treasury Accountant Accounting and Finance 16,561,800 CLP
Treasury Analyst Accounting and Finance 25,321,400 CLP
Underwriter Accounting and Finance 11,531,500 CLP
Underwriting Assistant Accounting and Finance 10,237,100 CLP
Vice President of Finance Accounting and Finance 41,399,600 CLP

Salary Comparison by City

If you want to compare salaries with different cities in Chile, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Antofagasta 32,038,500 CLP
Concepcion 29,278,200 CLP
La Florida 34,561,900 CLP
Las Condes 33,001,000 CLP
Maipu 34,078,800 CLP
Penalolen 30,001,600 CLP
Puente Alto 37,078,800 CLP
Rancagua 29,519,900 CLP
San Bernardo 30,240,200 CLP
Santiago 37,681,400 CLP
Temuco 30,600,900 CLP
Valparaiso 31,440,200 CLP
Vina del Mar 35,039,300 CLP

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