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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?

occupation personasA 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


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: 2025-01-04

Comparing salary to last year:
Estimated Yearly Salary: 176,946 EUR
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



Credit 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 up arrow 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.

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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).

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 USDdown arrow 46%
Details on Credit Risk Manager salary in Belgium
Germany is 107,528 USDdown arrow 41%
Details on Credit Risk Manager salary in Germany
France is 91,967 USDdown arrow 50%
Details on Credit Risk Manager salary in France
Last revision of data: 2025-01-04

Salary 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 up arrow+12% salary increase
    6 to 10 years of experience yields up arrow+25% salary increase
    11 to 15 years of experience yields up arrow+16% salary increase
    16 to 25 years of experience yields up arrow+9% salary increase
    more than 25 years of experience yields up arrow+10% salary increase
NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Luxembourg

(950,355 EUR per year, pre-tax.)
(794,587 EUR per year, pre-tax.)
(765,939 EUR per year, pre-tax.)
(742,355 EUR per year, pre-tax.)
(740,744 EUR per year, pre-tax.)
(724,806 EUR per year, pre-tax.)
(723,841 EUR per year, pre-tax.)
(722,852 EUR per year, pre-tax.)
(722,418 EUR per year, pre-tax.)
(722,178 EUR per year, pre-tax.)

Data as of 2025

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Salary data displayed on this site is informational only.
Salary information displayed on this site is informational only. Our figures are compiled various inputs, but we cannot guarantee absolute correctness. Users should always double-check salary details with official resources before making job-related decisions. Salaries fluctuate due to individual experience, market demand, and employer policies. We make no warranties about the completeness of the provided salary data. By continuing to use this site, you agree these terms.
The salary data on this site is designed for informational purposes only. We provide salary insights based on multiple sources, but do not guarantee complete precision. Users should always verify salary details with other reliable sources before making career-related choices. Fluctuations in salary amounts may arise due to several circumstances, including company policies, market demand, and individual skills. We do not offer any guarantee regarding the entirety of the displayed salary information. Use of optisalary.com constitutes acceptance of these terms.