Regardless of where you are in your career, the Career Hub is designed as a directory with a variety of resources to help you. From writing a CV to interview tips, this page is designed to give you the most information to help with your career pathway in Credit Management and Collections.
The Credit Management Career Path
What is Credit Management?
Credit management refers to the process of overseeing and controlling borrowed money, called credit, extended to customers, suppliers, and other entities.
The goal of credit management is to ensure that a business can collect payment for goods and services within a timely period, while minimising the risk of non-payment and bad debt.
Credit Management as a Career
Many professionals in the Credit Management career, claim that they have ‘fallen’ into it.
As a profession, A career in credit management can be both challenging and rewarding. If you have an eye for problem solving, a passion for finance and the desire for creating a successful business, this career option is for you.
Take a look at the DNA of a Credit Manager and learn more about the career development, skills and what goes into making the professional behind the profession.
Furthermore, see the CICM Professional Standards, to identify the knowledge and skills of each level within the Credit Management and Collections profession.
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Career guidance resources
The Chartered Institute of Credit Management are premium partners with Hays, meaning that they can help all candidate needs such as guidance on CV writing, career advice, salary bench-marking and more. You will see a variety of resources, provided by Hays, to help you with your career needs, below.
Resources to help you with your CV and Covering Letter
Resources that can help you with your interview:
- I would like to find an Apprenticeship
- I am looking for a Job in Credit Management
- Watch our video on Climbing the Credit Career Ladder to learn more about the Career Pathway
Average Credit Manager's SalaryAs a Credit Manager, the average salary in the UK according to the Government Website states that starters in the profession earn around £24,000 annually, while experienced professionals earn around £50,000 annually. (As of 1 June 2023)
Hays salary guideThe Hays UK Salary and Recruiting Trends report includes findings from a benefits survey of over 17,000 employers and employees UK-wide. The UK Salary and Recruiting Trends Report is a comprehensive guide for both employees and employers on salaries, benefits and employment sentiment with a unique look pre and post political change.
Compare your salary with GlassdoorGlassdoor compares your salary with others in the area of your choice. Compare yours today.
Your proposal for CICM QualificationsIf you want to continue your professional development but you don't know what to say to your employer, download our ready-to-use employer proposal templates that explain CICM Qualifications for Level 2, Level 3 and Level 5 options.
Contact usWe can help you with any questions that you may have about CICM Qualifications and you can contact us on +44(0)01780 722900 or email firstname.lastname@example.org if you wish to make a further enquiry.