Commercial Credit Analyst Salary

Commercial Credit Analysts in the United States take home approximately $47K per year on average. Total cash compensation to Commercial Credit Analysts approaches anywhere from $34K on the lower end to $69K on the higher end; in exceptional cases, this can include more than $8K from bonuses and upwards of $6K from profit sharing. Career duration and the particular city each impact pay for this group, with the former having the largest influence. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to the larger part. More than half of Commercial Credit Analysts (67 percent) survey respondents are men. The majority of workers are highly satisfied with their job. Participants in PayScale's salary questionnaire provided the particulars of this report.

$35,779 - $66,713
(Median)
$36K
$47K
$67K
MEDIAN: $46,594
10%
50%
90%

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$12.82 - $25.01
(Median)
$13
$18
$25
MEDIAN: $17.00
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
$35,779 - $66,713  
   
Bonus
$0.00 - $7,783  
Profit Sharing
$805 - $6,128  
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).
)
$34,274 - $69,396  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 577
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
$12.82 - $25.01  
   
Overtime
$19.87 - $39.15  
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 - $7,783  
   
Profit Sharing
$805 - $6,128  
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).
)
$34,274 - $69,396  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 109

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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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Commercial Credit Analysts who move on to become Senior Credit Analysts may enjoy significant pay raises, as Senior Credit Analysts get paid an average of $61K per year.

Credit Analyst Job Listings

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Popular Skills for Commercial Credit Analyst


Survey takers who work as Commercial Credit Analysts report a focused set 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 5 percent and 9 percent. Those familiar with Financial Analysis also tend to know Commercial Loans.

Pay by Experience Level for Commercial Credit Analyst

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


Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. Workers with less than five years' experience earn around $44K on average, and those who have five to 10 years under their belts see a higher median salary of $55K. The average pay reported by folks with 10 to 20 years of experience is around $56K. 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 40 percent greater than the national average, New York offers a comfortable salary for those in this profession. Commercial Credit Analysts will also find cushy salaries in Denver (+34 percent) and Minneapolis (+6 percent). With compensation 11 percent below the national average, St. Louis is not known for hefty paychecks and actually represents the lowest-paying market.

Related Job Salaries

United States (change)

Experience Affects Commercial Credit Analyst Salaries

Late-Career
up arrow 49%



National Average
$47,000


Skills That Affect Commercial Credit Analyst Salaries




Microsoft Excel
up arrow 2%

National Average
$47,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 163 votes.

Gender

Female
33 %
Male
67 %

Years of Experience

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

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 83%
vision benefits Vision: 65% employee benefits None: 7%