Commercial Credit Analyst Salary

An average Commercial Credit Analyst in the United States can expect to take home roughly $47K per year. Overall cash earnings for Commercial Credit Analysts stretch from $34K on the lower end to $70K near the top, and the heftiest packages can encompass around $8K from bonuses and $6K from profit sharing. Residence and career length each impact pay for this group, with the former having the largest influence. For the most part, Commercial Credit Analysts enjoy their work and report high levels of job satisfaction. Commercial Credit Analysts who participated in the survey are largely men, dominating at 68 percent. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to the larger part. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$35,706 - $67,423
(Median)
$36K
$47K
$67K
MEDIAN: $47,167
10%
50%
90%

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$13.47 - $25.06
(Median)
$13
$18
$25
MEDIAN: $18.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$24K$48K$72K
Salary
$35,706 - $67,423  
   
Bonus
$0.00 - $8,109  
Profit Sharing
$771 - $6,183  
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).
)
$34,371 - $70,147  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 539
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$14$28$42
Hourly Rate
$13.47 - $25.06  
   
Overtime
$20.06 - $40.37  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$28K$56K$84K
Bonus
$0.00 - $8,109  
   
Profit Sharing
$771 - $6,183  
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).
)
$34,371 - $70,147  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 101
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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.

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Popular Skills for Commercial Credit Analyst


Commercial Credit Analysts typically list a handful of skills they use on the job. 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 skilled in Financial Analysis are similarly competent in 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. Survey participants with less than five years' experience pocket $45K on average, but those with five to 10 years of experience enjoy a much bigger median of $56K. Commercial Credit Analysts who work for 10 to 20 years in their occupation tend to earn about $56K. More than 20 years of experience seem related to solid financial gains; veterans in this group report earning a median of $69K.

Pay Difference by Location


Home to some of the best pay for Commercial Credit Analysts, New York offers exceptional salaries, 41 percent above the national average. Commercial Credit Analysts will also find cushy salaries in Denver (+35 percent), Chicago (+13 percent), Houston (+9 percent), and Minneapolis (+6 percent). Falling short of the national average by 11 percent, the area with the worst salaries is St. Louis.

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Experience Affects Commercial Credit Analyst Salaries

Late-Career
up arrow 46%



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 127 votes.

Gender

Female
32 %
Male
68 %

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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