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Credit Analyst, Banking Salary

Banking Credit Analysts in the United States take home an average $44K per year. In the world of Banking Credit Analysts, overall income ranges from $30K near the bottom to $64K at the top; this can include more than $8K from bonuses and more than $5K from profit sharing in exceptional cases. Location and years of experience each impact pay for this group, with the former having the largest influence. Job satisfaction is reported as high by the vast majority of workers. Medical benefits are awarded to a large number, and a fair number earn dental coverage. The figures in this rundown are based on the results of PayScale's salary questionnaire.
$31,397 - $62,428
(Median)
$31K
$44K
$62K
MEDIAN: $43,957
10%
50%
90%

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$11.81 - $22.04
(Median)
$12
$17
$22
MEDIAN: $16.00
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$22K$44K$66K
Salary
$31,397 - $62,428  
   
Bonus
$0.00 - $8,212  
Profit Sharing
$504 - $5,272  
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).
)
$30,023 - $64,444  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 679
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$13$26$39
Hourly Rate
$11.81 - $22.04  
   
Overtime
$16.77 - $38.10  
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$26K$52K$78K
Bonus
$0.00 - $8,212  
   
Profit Sharing
$504 - $5,272  
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).
)
$30,023 - $64,444  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 128
United States (change)

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

  • 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 Credit Analyst, Banking


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Banking Credit Analysts who advance into the role of a VP of Credit are fairly uncommon. VPs of Credit on average earn $108K per year. Commercial Loan Officers or Commercial Lenders are common next-step roles for Banking Credit Analysts moving up in their careers; annual pay for Commercial Loan Officers is $23K higher on average, and it's $34K higher for Commercial Lenders.

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Popular Skills for Credit Analyst, Banking


Banking Credit Analysts who responded to the survey report just a handful of professional skills. Those who have experience with Loan Underwriting, Accounting, and Financial Analysis can expect to be compensated well for these skills. Most people experienced in Financial Analysis also know Accounting.

Related Job Salaries

Experience Affects Credit Analyst, Banking Salaries

Experienced
up arrow 22%


National Average
$43,000


Skills That Affect Credit Analyst, Banking Salaries

Loan Underwriting
up arrow 6%

Accounting
up arrow 2%

Financial Analysis
0%

National Average
$43,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 244 votes.

Gender

Female
30 %
Male
70 %

Years of Experience

Less than 1 year
15%
1-4 years
58%
5-9 years
18%
10-19 years
6%
20 years or more
2%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 79%
vision benefits Vision: 58% employee benefits None: 8%