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Credit manager

Alternative titles for this job include

Credit managers control the amount of finance their company offers and manage customers who owe money.

Average salary (a year)

£24,000 Starter


£50,000 Experienced

Typical hours (a week)

37 to 39 a week

You could work

between 8am and 6pm

How to become

Explore the different ways to get into this role.

How to become a credit manager

You can get into this job through:

  • a university course
  • a college course
  • an apprenticeship
  • working towards this role
  • applying directly


You could do a foundation degree or degree in business, finance or accounting.

Entry requirements

You'll usually need:

  • at least 1 A level, or equivalent, for a foundation degree
  • 2 to 3 A levels, or equivalent, for a degree

More Information


You could take a college course and then apply for jobs with a credit control company.

Courses include:

  • Level 3 Diploma in Business
  • Level 3 Diploma in Accounting
  • T Level in Finance

Entry requirements

You'll usually need:

  • 4 or 5 GCSEs at grades 9 to 4 (A* to C), or equivalent, for a level 3 course
  • 4 or 5 GCSEs at grades 9 to 4 (A* to C), or equivalent, including English and maths for a T level

More Information


You could do a Credit Controller Level 3 Advanced Apprenticeship and then apply for a management trainee post.

You could do an Accounting Finance Manager Level 6 Degree Apprenticeship. This usually takes about 3 years to complete as a mix of study and work place learning.

Entry requirements

You'll usually need:

  • 5 GCSEs at grades 9 to 4 (A* to C), or equivalent, including English and maths, for an advanced apprenticeship
  • 4 or 5 GCSEs at grades 9 to 4 (A* to C) and A levels, or equivalent, for a degree apprenticeship

More Information


You could start as a credit controller with a company and train on the job to move into a management role.

You could get a qualification like a Level 3 Diploma in Credit Management. This is offered by the Chartered Institute of Credit Management.

The Chartered Institute of Credit Management also offers other qualifications in areas like debt collection, enforcement action and senior management.

Direct Application

There are no set requirements to apply directly for credit management jobs. You might need experience and qualifications in:

  • credit control
  • sales administration
  • debt collection
  • accountancy
  • banking

More information

You can find out more about working and training in credit control from the Chartered Institute of Credit Management.

What it takes

Find out what skills you’ll use in this role.

What it takes

Skills and knowledge

You'll need:

  • to be thorough and pay attention to detail
  • ambition and a desire to succeed
  • persistence and determination
  • leadership skills
  • maths knowledge
  • to be flexible and open to change
  • business management skills
  • the ability to monitor your own performance and that of your colleagues
  • to be able to use a computer and the main software packages competently

What you’ll do

Discover the day to day tasks you’ll do in this role.

What you'll do

Day-to-day tasks

As a credit manager you could:

  • check customer credit ratings and decide whether to offer credit
  • set up terms of credit, make sure the customer pays on time and negotiate repayment plans
  • stop goods being supplied to business customers who pay late
  • start legal action to recover debts if necessary
  • arrange for goods to be recovered by bailiffs
  • manage a team of credit controllers or accounting technicians

Working environment

You could work at a client's home, in an office or at a client's business.

Career path and progression

Look at progression in this role and similar opportunities.

Career path and progression

With experience, you could

  • become a senior manager
  • move to a larger company
  • work with an accountancy firm
  • become a self-employed consultant
  • advise businesses on credit systems

Current opportunities

Find apprenticeships, courses and jobs available near you.

Current opportunities

Apprenticeships In England

We can't find any apprenticeship vacancies in England for a credit manager right now.

The Find an apprenticeship service can help you with your search, send alerts when new apprenticeships become available and has advice on how to apply.

Courses In England

BTEC Business and Finance

  • Start date: 01 September 2024
  • Location: Wembley

HND Business (Accounting & Finance)

  • Start date: 04 September 2024
  • Location: Birmingham

Jobs In the United Kingdom

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