Home > Salary > Kuwait > Credit Manager
A credit manager is responsible for overseeing the credit granting process within an organization. They play a crucial role in managing the company's credit risk and ensuring that customers adhere to payment terms and conditions. Their main duties include evaluating creditworthiness of potential customers, setting credit limits, monitoring credit accounts, and collecting overdue payments. Additionally, credit managers establish and maintain relationships with clients, negotiate payment plans, and provide guidance on credit-related matters to other departments.
Estimated Yearly Salary: 53,865 KWD
Estimated Monthly Salary: 4,489 KWD
Estimated Weekly Salary: 1,036 KWD per week
Estimated Hourly Salary: 26 KWD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 4,324 KWD
Estimated Weekly Salary: 998 KWD per week
Estimated Hourly Salary: 25 KWD per hour
Last revision of data: 2024-02-08
Estimated Yearly Salary: 17,986 USD
Estimated Monthly Salary: 1,499 USD
Estimated Weekly Salary: 346 USD per week
Estimated Hourly Salary: 9 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: 53,865 KWD
Estimated Monthly Salary: 4,489 KWD
Estimated Weekly Salary: 1,036 KWD per week
Estimated Hourly Salary: 26 KWD per hour
Our data indicates that by working as Credit Manager you will not be able to save much money and will likely need to make adjustments to your lifestyle to go comfortably through the month.
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 Kuwait, see costs of living in Kuwait.
Estimated Yearly Salary for Credit Manager
Last revision of data: 2025-01-04
Data as of 2025
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Credit Manager salary in Kuwait
Average Yearly Salary of Credit Manager in Kuwait is approximately 53,865 KWD (17,986 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 Manager do?
A credit manager is responsible for overseeing the credit granting process within an organization. They play a crucial role in managing the company's credit risk and ensuring that customers adhere to payment terms and conditions. Their main duties include evaluating creditworthiness of potential customers, setting credit limits, monitoring credit accounts, and collecting overdue payments. Additionally, credit managers establish and maintain relationships with clients, negotiate payment plans, and provide guidance on credit-related matters to other departments.
Skills: Credit management, Risk assessment, Financial analysis, Debt collection, Customer relations, Payment terms
Job industry: Finance
Job industry: Finance
How much does Credit Manager make?
Salary details
How much does Credit Manager make?Estimated Yearly Salary: 53,865 KWD
Estimated Monthly Salary: 4,489 KWD
Estimated Weekly Salary: 1,036 KWD per week
Estimated Hourly Salary: 26 KWD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 51,884 KWDEstimated Monthly Salary: 4,324 KWD
Estimated Weekly Salary: 998 KWD per week
Estimated Hourly Salary: 25 KWD per hour
Last revision of data: 2024-02-08Credit Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 17,986 USD
Estimated Monthly Salary: 1,499 USD
Estimated Weekly Salary: 346 USD per week
Estimated Hourly Salary: 9 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
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Country:
Salary comparison to National average
Kuwait is a small country located in the Middle East. It has a population of approximately 4 million people and covers an area of around 17,818 square kilometers. The country is bordered by Saudi Arabia to the south and Iraq to the north.
Estimated national average yearly salary is 12,300 KWD (40,000 USD). Value indicated is pre-tax. Below graph shows estimated Credit Manager job salary compared to average salary in Kuwait.
Comparison shows that a person working as Credit Manager in Kuwait earns on average:
4.38 times the average salary (or 438% of average salary).
Estimated national average yearly salary is 12,300 KWD (40,000 USD). Value indicated is pre-tax. Below graph shows estimated Credit Manager job salary compared to average salary in Kuwait.
Comparison shows that a person working as Credit Manager in Kuwait earns on average:
4.38 times the average salary (or 438% of average salary).
Is Credit Manager a well paid job?
Yes, our data show that Credit 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 Manager?
High salary for Credit Manager would be somewhere between 59,252 KWD and 78,104 KWD. However this is an estimation based on Gaussian Distribution.How much can you save working as Credit Manager in Kuwait?
Living in Kuwait the approximate monthly expenses are: 1,600 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: 53,865 KWD
Estimated Monthly Salary: 4,489 KWD
Estimated Weekly Salary: 1,036 KWD per week
Estimated Hourly Salary: 26 KWD per hour
Our data indicates that by working as Credit Manager you will not be able to save much money and will likely need to make adjustments to your lifestyle to go comfortably through the month.
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 Kuwait, see costs of living in Kuwait.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Saudi Arabia, Iraq. 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 Manager
Saudi Arabia is 37,088 USD
Iraq is 8,031 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 Kuwait
(419,012 KWD per year, pre-tax.)
2. Cardiologist
(348,639 KWD per year, pre-tax.)
(336,866 KWD per year, pre-tax.)
4. Neurosurgeon
(324,311 KWD per year, pre-tax.)
(324,112 KWD per year, pre-tax.)
(317,580 KWD per year, pre-tax.)
(317,445 KWD per year, pre-tax.)
(317,318 KWD per year, pre-tax.)
9. Urologist
(317,161 KWD per year, pre-tax.)
10. Plastic surgeon
(316,850 KWD per year, pre-tax.)
Data as of 2025Random salary:
Nurse children's (42,916 KWD per year, pre-tax.)
Associate business analyst retail (43,325 KWD per year, pre-tax.)
Assistant production editor (31,469 KWD per year, pre-tax.)
Bi reporting analyst (51,105 KWD per year, pre-tax.)
Clinic office manager (46,564 KWD per year, pre-tax.)
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Please note:This website offers salary insights for informational purposes only.
This website offers salary insights for informational purposes exclusively. While we gather data from multiple sources, we do not ensure full reliability. Users are encouraged to consult external platforms before making major financial moves. Salaries fluctuate due to numerous factors, such as experience, industry trends, and negotiation tactics. We cannot provide guarantee regarding the validity of the displayed salary figures. Your use of this site indicates your understanding of these conditions.
This website presents salary insights for informational purposes only. While we collect data from multiple sources, we cannot ensure absolute accuracy. Users are advised to consult external platforms before making any career decisions. Salaries shift due to numerous elements, such as experience, industry trends, and negotiation tactics. We cannot provide warranty regarding the validity of the displayed salary figures. Your use of this site indicates your understanding of these conditions.