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Career Hub

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

Credit Management and Collections Career Pathway

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.

 

 

 
Download your career pathway

 

 

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.

Writing a great CV is an important first step to getting your 'foot in the door' and securing a placement for an interview with your potential employer.  
Resources to help you with your CV and Covering Letter
Interviews can be a daunting experience, and the difference between successfully acquiring the role you've been searching for.
Resources that can help you with your interview:
Whether you are looking to start a career in Credit Management, desire a career change, or wish to look for a new employer, you will find some useful resources to help you in your search, below.

Average Credit Manager's Salary

As 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 guide

The 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 Glassdoor

Glassdoor compares your salary with others in the area of your choice. Compare yours today.
Your proposal for CICM Qualifications
If 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.
A proposal for Level 2 CICM Qualifications A proposal for Level 3 CICM Qualifications
Contact us
We 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 info@cicm.com if you wish to make a further enquiry.

 

 

 

 

 

 

 

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