Commercial Credit Analyst Salary

Earnings for Commercial Credit Analysts in the United States come in at around $49K per year on average. Total cash compensation to Commercial Credit Analysts approaches anywhere from $35K on the lower end to $72K on the higher end; in exceptional cases, this can include more than $8K from bonuses and upwards of $6K from profit sharing. Geography and tenure each impact pay for this group, with the former having the largest influence. Job satisfaction is high and work is enjoyable for most Commercial Credit Analysts. The majority of Commercial Credit Analysts (69 percent) survey respondents are male. Medical benefits are awarded to almost all, and a large number earn dental coverage. Respondents to the PayScale salary survey provided the data for this report.

$35,800 - $69,515
(Median)
$36K
$49K
$70K
MEDIAN: $48,790
10%
50%
90%

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$14.57 - $25.49
(Median)
$15
$18
$25
MEDIAN: $18.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$24K$48K$72K
Salary
$35,800 - $69,515  
   
Bonus
$0.00 - $8,243  
Profit Sharing
$491.94 - $5,872  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$34,994 - $71,959  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 505
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$14$28$42
Hourly Rate
$14.57 - $25.49  
   
Overtime
$22.93 - $41.68  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$28K$56K$84K
Bonus
$0.00 - $8,243  
   
Profit Sharing
$491.94 - $5,872  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$34,994 - $71,959  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 91
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Job Description for Commercial Credit Analyst

A commercial credit analyst is responsible for gathering and analyzing credit information for current and prospective business borrowers. These analysts complete analyses for new loan requests and make recommendations for risk ratings according to what they discover. They must also analyze credit data and financial statements as part of risk analysis on new and renewing loans. Commercial credit analysts also prepare written summaries of credit analysis of the business' services, as well as compare financial strengths of businesses being evaluated with similar businesses in the same industries. Additionally, these analysts must collaborate with auditors and loan review specialists. This is generally a full-time position, although overtime may be required depending on the needs of the business.

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Commercial Credit Analyst Tasks

  • Ensure that approved accounts remain in good standing.
  • Establish terms for approved credit requests.
  • Assess credit risk.
  • Aggregate and evaluate data related to credit and credit risk to support organizational decision-making.

Common Career Paths for Commercial Credit Analyst


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Many Commercial Credit Analysts move into a Senior Credit Analyst role, and folks who currently hold that position report a much higher median income of $62K per year.

Credit Analyst Job Listings

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Popular Skills for Commercial Credit Analyst


Commercial Credit Analysts seem to require a number of specific skills. Most notably, skills in Risk Management / Risk Control, Commercial Loans, Loan Underwriting, and Financial Analysis are correlated to pay that is above average, with boosts between 5 percent and 9 percent. Most people experienced in Commercial Loans also know Loan Underwriting.

Pay by Experience Level for Commercial Credit Analyst

Median of all compensation (including tips, bonus, and overtime) by years of experience.


For many Commercial Credit Analysts, extensive experience does not lead to significantly more money. Salaries of relatively inexperienced workers fall in the neighborhood of $45K, but folks who have racked up five to 10 years see a notably higher median of $58K. Commercial Credit Analysts see a median salary of $60K after reaching one to two decades on the job. In the end, the overall pattern seems to be that more experience generally corresponds to higher pay; a Commercial Credit Analyst with more than 20 years of experience can earn $68K on average.

Pay Difference by Location

National Average: $48,692

Larger city markers indicate a job is popular in that location.

For Commercial Credit Analysts, working in the bustling city of New York has its advantages, including an above-average pay rate. Commercial Credit Analysts will also find cushy salaries in Denver (+33 percent), Boston (+24 percent), Houston (+12 percent), and Chicago (+11 percent). Albany is home to the smallest salaries in the field, lagging the national average by 17 percent. St. Louis and Grand Rapids are a couple other places where companies are known to pay below the median — salaries are 14 percent lower and 3 percent lower, respectively.

Related Job Salaries

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Experience Affects Commercial Credit Analyst Salaries




National Average
$49,000


Skills That Affect Commercial Credit Analyst Salaries

Risk Management / Risk Control
up arrow 9%



Financial Analysis
up arrow 2%

National Average
$49,000

Microsoft Excel
up arrow 1%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 89 votes.

Gender

Female
31 %
Male
69 %

Years of Experience

Less than 1 year
7%
1-4 years
55%
5-9 years
21%
10-19 years
12%
20 years or more
4%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 81%
medical benefits
Vision: 67%
dental benefits
None: 8%
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