Home > Salary > Ethiopia > Credit Risk Manager
A credit risk manager is responsible for assessing and managing the potential risks associated with lending money or extending credit to individuals or businesses. They analyze financial data, evaluate creditworthiness, and make recommendations on loan approvals or credit limits. These professionals work closely with other departments, such as underwriting and collections, to ensure effective risk mitigation strategies are in place. They also monitor and review existing credit portfolios, identifying any potential issues or trends that may impact the organization's overall credit risk exposure. Additionally, credit risk managers stay up-to-date on industry regulations and best practices to ensure compliance and reduce the likelihood of financial losses.
Estimated Yearly Salary: 231,613 ETB
Estimated Monthly Salary: 19,301 ETB
Estimated Weekly Salary: 4,454 ETB per week
Estimated Hourly Salary: 111 ETB per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 18,625 ETB
Estimated Weekly Salary: 4,298 ETB per week
Estimated Hourly Salary: 107 ETB per hour
Last revision of data: 2024-01-06
Estimated Yearly Salary: 3,850 USD
Estimated Monthly Salary: 321 USD
Estimated Weekly Salary: 74 USD per week
Estimated Hourly Salary: 2 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 231,613 ETB
Estimated Monthly Salary: 19,301 ETB
Estimated Weekly Salary: 4,454 ETB per week
Estimated Hourly Salary: 111 ETB per hour
By working as Credit Risk Manager a person can save up to 244 USD per month or 2,928 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Ethiopia, see costs of living in Ethiopia.
Estimated Yearly Salary for Credit Risk Manager
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Assistant professor of biology (102,038 ETB per year, pre-tax.)
Lead handler (57,869 ETB per year, pre-tax.)
Boat mechanic (77,880 ETB per year, pre-tax.)
Agriculture laborer (57,128 ETB per year, pre-tax.)
Accounts administrator (89,466 ETB per year, pre-tax.)
Credit Risk Manager salary in Ethiopia
Average Yearly Salary of Credit Risk Manager in Ethiopia is approximately 231,613 ETB (3,850 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Credit Risk Manager do?
A credit risk manager is responsible for assessing and managing the potential risks associated with lending money or extending credit to individuals or businesses. They analyze financial data, evaluate creditworthiness, and make recommendations on loan approvals or credit limits. These professionals work closely with other departments, such as underwriting and collections, to ensure effective risk mitigation strategies are in place. They also monitor and review existing credit portfolios, identifying any potential issues or trends that may impact the organization's overall credit risk exposure. Additionally, credit risk managers stay up-to-date on industry regulations and best practices to ensure compliance and reduce the likelihood of financial losses.
Skills: credit risk management, financial analysis, risk assessment, loan underwriting, credit portfolio management, regulatory compliance.
Job industry: Finance
Job industry: Finance
How much does Credit Risk Manager make?
Salary details
How much does Credit Risk Manager make?Estimated Yearly Salary: 231,613 ETB
Estimated Monthly Salary: 19,301 ETB
Estimated Weekly Salary: 4,454 ETB per week
Estimated Hourly Salary: 111 ETB per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 223,500 ETBEstimated Monthly Salary: 18,625 ETB
Estimated Weekly Salary: 4,298 ETB per week
Estimated Hourly Salary: 107 ETB per hour
Last revision of data: 2024-01-06Credit Risk Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 3,850 USD
Estimated Monthly Salary: 321 USD
Estimated Weekly Salary: 74 USD per week
Estimated Hourly Salary: 2 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
Please type in your occupation and select desired country to see latest trends in salaries.
Country:
Salary comparison to National average
Ethiopia is a landlocked country located in the Horn of Africa. With a population of over 114 million people, it is the second-most populous country in Africa. Covering an area of approximately 1.1 million square kilometers, Ethiopia is the 27th largest country in the world. It shares borders with Eritrea to the north, Sudan to the west, South Sudan to the southwest, Kenya to the south, Somalia to the east, and Djibouti to the northeast.
Estimated national average yearly salary is 105,216 ETB (1,920 USD). Value indicated is pre-tax. Below graph shows estimated Credit Risk Manager job salary compared to average salary in Ethiopia.
Comparison shows that a person working as Credit Risk Manager in Ethiopia earns on average:
2.2 times the average salary (or 220% of average salary).
Estimated national average yearly salary is 105,216 ETB (1,920 USD). Value indicated is pre-tax. Below graph shows estimated Credit Risk Manager job salary compared to average salary in Ethiopia.
Comparison shows that a person working as Credit Risk Manager in Ethiopia earns on average:
2.2 times the average salary (or 220% of average salary).
Is Credit Risk Manager a well paid job?
Yes, our data show that Credit Risk Manager is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Credit Risk Manager?
High salary for Credit Risk Manager would be somewhere between 254,774 ETB and 335,839 ETB. However this is an estimation based on Gaussian Distribution.How much can you save working as Credit Risk Manager in Ethiopia?
Living in Ethiopia the approximate monthly expenses are: 77 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 231,613 ETB
Estimated Monthly Salary: 19,301 ETB
Estimated Weekly Salary: 4,454 ETB per week
Estimated Hourly Salary: 111 ETB per hour
By working as Credit Risk Manager a person can save up to 244 USD per month or 2,928 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Ethiopia, see costs of living in Ethiopia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Djibouti, Eritrea, Sudan, South Sudan, Kenya, Somalia. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Credit Risk Manager
Sudan is 1,529 USD
Kenya is 12,048 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Ethiopia
(1,198,707 ETB per year, pre-tax.)
2. Cardiologist
(998,053 ETB per year, pre-tax.)
(968,024 ETB per year, pre-tax.)
4. Neurosurgeon
(937,399 ETB per year, pre-tax.)
(935,134 ETB per year, pre-tax.)
(915,448 ETB per year, pre-tax.)
7. Oncologist
(913,122 ETB per year, pre-tax.)
(912,301 ETB per year, pre-tax.)
(911,770 ETB per year, pre-tax.)
10. Dermatologist
(911,678 ETB per year, pre-tax.)
Data as of 2025Random salary:
Assistant professor of biology (102,038 ETB per year, pre-tax.)
Lead handler (57,869 ETB per year, pre-tax.)
Boat mechanic (77,880 ETB per year, pre-tax.)
Agriculture laborer (57,128 ETB per year, pre-tax.)
Accounts administrator (89,466 ETB per year, pre-tax.)
Feedback about these results
Please provide feedback by clicking buttons below if you find any of our salaries erroneous.
Link to this graph - use the following code to display the salary graph on your page:
<a href='https://optisalary.com/salary?country=ethiopia&job=credit-risk-manager'><img src='https://optisalary.com/wp-content/graphs/salary/credit-risk-manager-salary-in-ethiopia-2025.jpg' alt='credit risk manager salary in ethiopia 2025' title='credit risk manager salary in ethiopia 2025' /></a>
Please note:The salary estimates on optisalary.com are meant for reference purposes exclusively.
By using this website, you accept that salary details are subject to change.
The salary figures on this website are meant for informational purposes exclusively. We compile salary data from multiple providers, but do not guarantee complete accuracy. Users should independently verify salaries before making financial decisions. Salary fluctuations occur due to industry standards, demand shifts, and location. We deny any guarantee regarding the validity of the provided salary data. By using this site, you acknowledge that salary data is not definitive.