Home > Salary > Luxembourg > 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: 182,617 EUR
Estimated Monthly Salary: 15,218 EUR
Estimated Weekly Salary: 3,512 EUR per week
Estimated Hourly Salary: 88 EUR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 14,746 EUR
Estimated Weekly Salary: 3,403 EUR per week
Estimated Hourly Salary: 85 EUR per hour
Last revision of data: 2024-01-07
Estimated Yearly Salary: 183,059 USD
Estimated Monthly Salary: 15,255 USD
Estimated Weekly Salary: 3,520 USD per week
Estimated Hourly Salary: 88 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
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: 182,617 EUR
Estimated Monthly Salary: 15,218 EUR
Estimated Weekly Salary: 3,512 EUR per week
Estimated Hourly Salary: 88 EUR per hour
By working as Credit Risk Manager a person can save up to 11,607 USD per month or 139,283 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 Luxembourg, see costs of living in Luxembourg.
Estimated Yearly Salary for Credit Risk Manager
Last revision of data: 2025-01-04
Data as of 2025
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Credit Risk Manager salary in Luxembourg
Average Yearly Salary of Credit Risk Manager in Luxembourg is approximately 182,617 EUR (183,059 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: 182,617 EUR
Estimated Monthly Salary: 15,218 EUR
Estimated Weekly Salary: 3,512 EUR per week
Estimated Hourly Salary: 88 EUR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 176,946 EUREstimated Monthly Salary: 14,746 EUR
Estimated Weekly Salary: 3,403 EUR per week
Estimated Hourly Salary: 85 EUR per hour
Last revision of data: 2024-01-07Credit Risk Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 183,059 USD
Estimated Monthly Salary: 15,255 USD
Estimated Weekly Salary: 3,520 USD per week
Estimated Hourly Salary: 88 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %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
Luxembourg is a small landlocked country located in Western Europe. With a population of approximately 633,000 people, it is one of the smallest countries in the European Union. Despite its size, Luxembourg boasts a highly developed economy and is known for its political stability and high standard of living.
Estimated national average yearly salary is 82,992 EUR (91,200 USD). Value indicated is pre-tax. Below graph shows estimated Credit Risk Manager job salary compared to average salary in Luxembourg.
Comparison shows that a person working as Credit Risk Manager in Luxembourg earns on average:
2.2 times the average salary (or 220% of average salary).
Estimated national average yearly salary is 82,992 EUR (91,200 USD). Value indicated is pre-tax. Below graph shows estimated Credit Risk Manager job salary compared to average salary in Luxembourg.
Comparison shows that a person working as Credit Risk Manager in Luxembourg 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 200,879 EUR and 264,795 EUR. However this is an estimation based on Gaussian Distribution.How much can you save working as Credit Risk Manager in Luxembourg?
Living in Luxembourg the approximate monthly expenses are: 3,648 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: 182,617 EUR
Estimated Monthly Salary: 15,218 EUR
Estimated Weekly Salary: 3,512 EUR per week
Estimated Hourly Salary: 88 EUR per hour
By working as Credit Risk Manager a person can save up to 11,607 USD per month or 139,283 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 Luxembourg, see costs of living in Luxembourg.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Belgium, Germany, France. 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
Belgium is 98,056 USD
Germany is 107,528 USD
France is 91,967 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 Luxembourg
(950,355 EUR per year, pre-tax.)
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7. Urologist
(723,841 EUR per year, pre-tax.)
8. Oncologist
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Data as of 2025Random salary:
Web content specialist (62,332 EUR per year, pre-tax.)
Cobol programmer (129,230 EUR per year, pre-tax.)
Army private first class infantry (light infantry) (41,751 EUR per year, pre-tax.)
Helper--production worker (34,466 EUR per year, pre-tax.)
Earth moving equipment mechanic (83,503 EUR per year, pre-tax.)
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