Credit Analyst, Banking Salary

The average Banking Credit Analyst in the United States can expect to rake in roughly $56K annually. Including potential for bonuses and profit sharing — peaking near $13K and $5K, respectively — total cash payment to Banking Credit Analysts can bottom out near $36K or peak near $95K depending on individual performance. This group's pay is mainly influenced by location, followed by career duration and the particular employer. Most receive medical and dental insurance and the greater part get vision insurance. Men account for the majority of Banking Credit Analysts who responded to the questionnaire — 65 percent to be exact. The majority of individuals in this role claim moderate levels of job satisfaction. This snapshot results from replies to PayScale's salary survey.

$38,857 - $92,880
$39K
$56K
$93K
MEDIAN: $55,560
10%
50%
90%

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$13.25 - $23.77
$13
$17
$24
MEDIAN: $16.89
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
$38,857 - $92,880  
   
Bonus
$903 - $12,880  
Profit Sharing
$0.00 - $4,894  
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).
)
$35,603 - $95,249  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 173
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
$13.25 - $23.77  
   
Overtime
$30.00  
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
$903 - $12,880  
   
Profit Sharing
$0.00 - $4,894  
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).
)
$35,603 - $95,249  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 26

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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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Though not the most common occurrence, Banking Credit Analysts sometimes become VPs of Credit, where the average income is $109K per year. When Banking Credit Analysts are ready for the next step in their careers, they often become Commercial Loan Officers or Commercial Lenders. Those roles pay an additional $12K and $23K, respectively.

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Popular Employer Salaries for Credit Analyst, Banking


Popular Skills for Credit Analyst, Banking


Job skills reported by Banking Credit Analysts are limited. Most notably, skills in Commercial Loans, Loan Underwriting, Financial Analysis, and Accounting are correlated to pay that is above average, with boosts between 6 percent and 16 percent. Most people skilled in Financial Analysis are similarly competent in Accounting.

Pay by Experience Level for Credit Analyst, Banking

Pay by Experience for a Credit Analyst, Banking has a positive trend. An entry-level Credit Analyst, Banking with less than 5 years of experience can expect to earn an average total compensation of $51,000 based on 140 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Credit Analyst, Banking with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $65,000 based on 47 salaries. An experienced Credit Analyst, Banking which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $81,000 based on 30 salaries. A Credit Analyst, Banking with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $61,000 based on 15 salaries.

Pay Difference by Location

National Average: $54,091

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

Surpassing the national average by 83 percent, Banking Credit Analysts in New York receive some of the highest pay in the country. Banking Credit Analysts can also look forward to large paychecks in cities like Los Angeles (+38 percent), Atlanta (+29 percent), Chicago (+10 percent), and Dallas (+6 percent). Buffalo ranks last in the field for pay, reporting salaries 13 percent below the national average.

Related Job Salaries

Key Stats for Credit Analyst, Banking

Gender

Female
35 %
Male
65 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 30 votes.
Less than 1 year
14%
1-4 years
48%
5-9 years
19%
10-19 years
12%
20 years or more
8%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Credit Analyst, Banking Salaries

▲49%

▲20%

Late-Career
▲14%

National Average
$54,000

▼6%

Skills That Affect Credit Analyst, Banking Salaries

Commercial Loans
▲16%



National Average
$54,000

▼2%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 30 votes.

Gender

Female
35 %
Male
65 %

Years of Experience

Less than 1 year
14%
1-4 years
48%
5-9 years
19%
10-19 years
12%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 83%
vision benefits
Vision: 68%
no benefits
None: 11%
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