Debt and Credit Management

You might consider a career in debt and credit management so that you can implement your interests in money management and helping others with their finances. Read on to learn more about this field and the education needed to become a professional.

Is Debt and Credit Management for Me?

Career Overview

A variety of career options can be found in the debt and credit management field. As a credit counselor, you'd help clients by reviewing their finances and providing loan advice, budget assistance and debt management. If you were a credit analyst, you'd assess the risks of loaning money to individuals and organizations. Another option is credit manager, for which you'd create guidelines for issuing credit to customers, as well as overseeing debt collection. Debt and credit management work requires excellent communication skills, along with creativity and financial knowledge. Debt and credit managers work in an office setting and may work more than 40 hours in a week.

Employment Information

According to the U.S. Bureau of Labor Statistics (BLS), financial managers are expected to experience a 9% increase in job opportunities from 2012-2022, which about average for all occupations. The BLS also reported that in 2013, credit counselors earned a median annual income of $40,280, credit analysts took home $64,030, and financial managers made $112,700.

How Can I Work in Debt and Credit Management?


You might be able to find some entry-level positions in debt and credit management without postsecondary education, but most employers require a bachelor's degree in business. Studying business economics can be a good option if you want to become a credit manager, while a program in finance would offer courses in managerial accounting, operations management and portfolio analysis.

After completing an undergraduate degree program, you could pursue a master's degree in finance, which provides training for jobs involving credit analysis, financial consulting and financial risk assessment. Other courses might include corporate finance, negotiation and financial reporting.


Certifications may lead to better job prospects and advancement opportunities in the financial industry. The National Association of Credit Management offers certifications for workers at all experience levels. The Credit Business Associate designation requires no work experience; therefore, it is an option for new college graduates. The Certified Credit Executive designation is for seasoned veterans who have at least ten years of experience in debt and credit management.

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