Commercial Credit Analyst Salary

The average Commercial Credit Analyst in the United States earns approximately $54K per year. Total cash compensation for Commercial Credit Analysts runs from $37K to $76K depending on bonuses that can occasionally exceed $8K and profit sharing that can reach almost $4K. Location and experience level each impact pay for this group, with the former having the largest influence. The majority of Commercial Credit Analysts (68 percent) survey respondents are male. Most Commercial Credit Analysts like their work and job satisfaction is high. Almost all report receiving medical coverage from their employers and a fair number collect dental insurance. This report is based on responses to the PayScale salary survey.

$39,300 - $73,582
$39K
$54K
$74K
MEDIAN: $53,738
10%
50%
90%

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$15.23 - $33.06
$15
$21
$33
MEDIAN: $20.51
10%
50%
90%

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$0$76K
Salary $39,300 - $73,582
Bonus $495.36 - $7,525
Profit Sharing $405.47 - $3,945
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).
)
$37,366 - $76,213
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 295
Hourly Data $0$54
Hourly Rate $15.23 - $33.06
Overtime $23.93 - $54.74
Annual Data $0$76K
Bonus $495.36 - $7,525
Profit Sharing $405.47 - $3,945
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).
)
$37,366 - $76,213
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 61

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United States (change)

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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

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

Common Career Paths for Commercial Credit Analyst


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Commercial Credit Analysts often transition into upper-level roles like Senior Credit Analyst, for which the average compensation is $63K per year.

Commercial Credit Analyst Job Listings

Popular Skills for Commercial Credit Analyst


Overall, survey participants reported applying a fair number of skills to their work. Most notably, skills in Risk Management / Risk Control, Loan Underwriting, Financial Analysis, and Commercial Loans are correlated to pay that is above average. At the other end of the pay range are skills like Accounting, Microsoft Excel, and Commercial Loans. It is often found that people who know Commercial Loans are also skilled in Loan Underwriting.

Pay by Experience Level for Commercial Credit Analyst

Pay by Experience for a Commercial Credit Analyst has a positive trend. An entry-level Commercial Credit Analyst with less than 5 years of experience can expect to earn an average total compensation of $50,000 based on 244 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Commercial Credit Analyst with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $62,000 based on 71 salaries. An experienced Commercial Credit Analyst which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $64,000 based on 57 salaries. A Commercial Credit Analyst with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $65,000 based on 16 salaries.

Pay Difference by Location

National Average: $53,488

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

For Commercial Credit Analysts, New York provides a pay rate that is 31 percent greater than the national average. Commercial Credit Analysts will also find cushy salaries in Denver (+21 percent), Boston (+10 percent), Dallas (+8 percent), and Houston (+7 percent). The lowest-paying market is St. Louis, which sits 22 percent below the national average, proving that location is a significant contributor to overall pay. Employers in Albany and Grand Rapids also lean toward paying below-median salaries (16 percent lower and 12 percent lower, respectively).

Commercial Credit Analyst Reviews

Q: What is it like working as a Commercial Credit Analyst?

Commercial Credit Analyst in Seattle:
Pros: Challenging and interesting. Hetf a different perspective on the world.
Cons: Often repetitive. Very strict guidelines to follow.

Related Job Salaries

Key Stats for Commercial Credit Analyst

Gender

Female
32 %
Male
68 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 56 votes.
Less than 1 year
8%
1-4 years
58%
5-9 years
16%
10-19 years
15%
20 years or more
4%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Commercial Credit Analyst Salaries

▲21%

▲20%

▲16%

National Average
$53,000

▼7%

Skills That Affect Commercial Credit Analyst Salaries

National Average
$53,000

Risk Management / Risk Control
▼1%





Accounting
▼8%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 56 votes.

Gender

Female
32 %
Male
68 %

Years of Experience

Less than 1 year
8%
1-4 years
58%
5-9 years
16%
10-19 years
15%
20 years or more
4%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 79%
vision benefits
Vision: 71%
no benefits
None: 8%
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