Credit Analyst, Banking Salary

Banking Credit Analysts in the United States take home approximately $54K annually on average. Total cash earnings of Banking Credit Analysts range from $35K on the low end to $93K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $12K and $4K, respectively. Residence is the biggest factor affecting pay for this group, followed by years of experience. Men make up the majority of Banking Credit Analysts (63 percent) survey respondents. In this profession, most enjoy medical and dental coverage, and a majority have vision insurance, as well. Most workers in this position report high levels of job satisfaction. The data for this synopsis comes from respondents who took the PayScale salary survey.

$38,141 - $92,156
$38K
$54K
$92K
MEDIAN: $53,520
10%
50%
90%

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$13.30 - $23.62
$13
$17
$24
MEDIAN: $16.92
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$32K$64K$96K
Salary
$38,141 - $92,156  
   
Bonus
$515 - $12,460  
Profit Sharing
$0.00 - $4,494  
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).
)
$35,039 - $93,441  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 178
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$16$32$48
Hourly Rate
$13.30 - $23.62  
   
Overtime
$23.17 - $42.70  
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$32K$64K$96K
Bonus
$515 - $12,460  
   
Profit Sharing
$0.00 - $4,494  
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).
)
$35,039 - $93,441  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 29

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United States (change)

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Job Description for Credit Analyst, Banking

Banking credit analysts research and review consumer credit information through various sources to analyze the creditworthiness of applicants for their institution's services. They must also interview references, review relevant financial data of the applicants, and determine an appropriate line of credit (if one is determined to be appropriate). Banking credit analysts typically work daily with the sales department, lessees of vehicles and property, and property dealers and brokers to ensure the correct processing of credit applications. Their work with dealers also assists the sales department by proxy, as relationship-building skills are used by all three parties to create strong professional ties.

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Credit Analyst, Banking 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 Credit Analyst, Banking


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Banking Credit Analysts do not often transition into VP of Credit roles. The role averages $109K per year. A common career progression for a Banking Credit Analyst is to become a Commercial Loan Officer or a Commercial Lender. Compared to Banking Credit Analysts, the first group earns $13K more on average, and the second group earns $25K more.

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Popular Skills for Credit Analyst, Banking


Banking Credit Analysts usually report a few specific skills. Most notably, skills in Commercial Loans, Loan Underwriting, Financial Analysis, and Accounting are correlated to pay that is above average, with boosts between 5 percent and 17 percent. Most people who know Financial Analysis also know Accounting.

Pay by Experience Level for Credit Analyst, Banking

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


Salaries for the relatively untried average out to around $50K, but survey participants with five to 10 years of experience earn a significantly higher median of $64K. On average, Banking Credit Analysts make $81K following one to two decades on the job. Respondents who boast more than 20 years of experience can't seem to boast paychecks reflecting that extensive experience, though; veteran Banking Credit Analysts report making only $61K on average.

Related Job Salaries

Key Stats for Credit Analyst, Banking

Gender

Female
37 %
Male
63 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 31 votes.
Less than 1 year
15%
1-4 years
46%
5-9 years
19%
10-19 years
12%
20 years or more
7%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Credit Analyst, Banking Salaries

▲53%

▲22%

Late-Career
▲17%

National Average
$53,000

▼5%

Skills That Affect Credit Analyst, Banking Salaries

Commercial Loans
▲17%



National Average
$53,000

▼1%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 31 votes.

Gender

Female
37 %
Male
63 %

Years of Experience

Less than 1 year
15%
1-4 years
46%
5-9 years
19%
10-19 years
12%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 81%
vision benefits
Vision: 66%
dental benefits
None: 11%
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