Commercial Credit Analyst Salary

Commercial Credit Analysts in the United States take home an average $47K annually. Final cash compensation to Commercial Credit Analysts varies from around $34K to approximately $70K; choice pay grades include potential for bonuses and profit sharing as high as $8K and $6K, respectively. Location is the biggest factor affecting pay for this group, followed by years of experience. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to more than half. Most workers in this position report high levels of job satisfaction. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$35,714 - $67,722

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$13.92 - $25.19

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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
$35,714 - $67,722  
   
Bonus
$0.00 - $8,180  
Profit Sharing
$450.00 - $6,450  
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).
)
$34,479 - $70,470  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 522
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
$13.92 - $25.19  
   
Overtime
$20.06 - $40.37  
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 - $8,180  
   
Profit Sharing
$450.00 - $6,450  
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).
)
$34,479 - $70,470  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 99
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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.

Credit Analyst Job Listings

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Popular Skills for Commercial Credit Analyst


Commercial Credit Analysts note just a narrow range of job skills. Most notably, skills in Commercial Loans, Loan Underwriting, Financial Analysis, and Microsoft Excel are correlated to pay that is above average, with boosts between 4 percent and 7 percent. Most people familiar with Financial Analysis also know Commercial Loans.

Pay by Experience Level for Commercial Credit Analyst

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


Commercial Credit Analysts who reported more years of relevant experience also reported higher earnings. Salaries for the relatively untried average out to around $45K, but survey participants with five to 10 years of experience earn a significantly higher median of $56K. The average pay reported by folks with 10 to 20 years of experience is around $58K. Old hands who claim more than two decades on the job enjoy average earnings of $70K.

Pay Difference by Location


With a pay rate for Commercial Credit Analysts that is 43 percent greater than the national average, New York offers a comfortable salary for those in this profession. Commercial Credit Analysts can also look forward to large paychecks in cities like Denver (+37 percent), Chicago (+12 percent), Houston (+10 percent), and Minneapolis (+5 percent). Falling short of the national average by 12 percent, the area with the worst salaries is St. Louis.

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Experience Affects Commercial Credit Analyst Salaries

Late-Career
up arrow 47%



National Average
$47,000


Skills That Affect Commercial Credit Analyst Salaries



Financial Analysis
up arrow 4%

Microsoft Excel
0%

National Average
$47,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 115 votes.

Gender

Female
31 %
Male
69 %

Years of Experience

Less than 1 year
8%
1-4 years
55%
5-9 years
22%
10-19 years
11%
20 years or more
4%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 83%
vision benefits Vision: 67% employee benefits None: 7%
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