Chief Credit Officer

Also called: CCO (Banking)

The senior bank executive who sets the rules for which loans the bank will make and watches loan risk.

A day in the life

You chair the loan committee deciding on a $20 million real estate loan, update the bank's lending rules and brief regulators on loan quality.

Pay over a career

Starting
$150k
Typical
$230k
High
$380k

Approximate: anchored on Bureau of Labor Statistics data for a broader job group.

Training

Bachelor's degree (4-year), about 18 years after high school. Bachelor's in finance; 15+ years in credit; often a banking graduate school.

Ways in: 4-year college, Graduate school, On-the-job training. Training cost: $15k – $60k.

Majors to look at: Finance, Economics.

Outlook

Growing much faster than average (about 15% over 10 years). Tracks financial managers (BLS 2024-34).

Will it last? Our AI estimate

Low risk in 5 years, medium in 10. Models increasingly score and monitor loans; the executive who sets credit policy and answers to regulators remains, but with leaner teams.

Start now, in high school

Classes: AP Statistics, Accounting, AP Macroeconomics, Business law.

Official data: O*NET occupation 11-3031.

More Banking & Lending careers

Career Universe is an early version. Pay, training and AI-risk figures are estimates to start your own research, not verified facts. The research was written with AI research assistants, checked by validation scripts and spot-checked by hand. Check anything important with schools, employers and official sources. How the numbers work.