Pay and Remuneration
Starting salaries are between Rs.2.5 lakhs -3.5 lakhs a year. While credit analysts with big corporates get around Rs.5 lakhs - 6 lakhs in the beginning.
Employment Opportunities: Credit managers get good employment options with both private and public banks, with companies operating in this space, credit rating agencies, financial institutions and mutual funds, investment banks, private equity players and mutual fund houses.
A Day In Life
A credit manager employed in a bank usually begins his day with lot of files and papers to analyse. He checks out the financial data and sometimes visits the client to get more information or schedules a meeting in the bank. Other than this, credit manager also analyzes industry and related information using various information tools.