Commercial Credit Analyst Salary

Earnings for Commercial Credit Analysts in the United States come in at around $49K annually on average. Cash earnings for Commercial Credit Analysts — including $8K in bonuses and $6K in profit sharing proceeds near the top of the pay scale — generally stretch from $35K to $72K depending on individual performance. Geographic location is the biggest factor affecting pay for this group, followed by experience level. Most workers in this position report high levels of job satisfaction. Men account for the majority of Commercial Credit Analysts who responded to the questionnaire — 69 percent to be exact. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to more than half. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$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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Commercial Credit Analysts might see a strong upturn in salary after transitioning into upper-level roles such as Senior Credit Analyst, a seemingly popular career choice. People currently working in the latter position report a noticeably higher median income of $62K per year.

Credit Analyst Job Listings

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Popular Skills for Commercial Credit Analyst


Commercial Credit Analysts only report a few 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. Those familiar with Commercial Loans also tend to 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 Commercial Credit Analysts, experience does not seem to be a major factor in determining pay. The average beginner in this position makes around $45K, but folks who have been around for five to 10 years see a markedly higher median salary of $58K. People with 10 to 20 years of experience make an average of about $60K in this role. Veterans who have acquired more than 20 years report a median income of $68K, which is generally higher than the pay reported by other tenure groups.

Pay Difference by Location

National Average: $48,692

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

For Commercial Credit Analysts, busy New York offers a higher-than-average pay rate, 44 percent above the national average. Commercial Credit Analysts can also look forward to large paychecks in cities like Denver (+33 percent), Boston (+24 percent), Houston (+12 percent), and Chicago (+11 percent). The lowest-paying market is Albany, which sits 17 percent below the national average. Employers also pay below the national average in St. Louis (14 percent lower) and Grand Rapids (3 percent lower).

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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