Credit Analyst, Banking Salary

Banking Credit Analysts in the United States take home approximately $47K annually on average. In the world of Banking Credit Analysts, overall income ranges from $31K near the bottom to $73K at the top; this can include more than $10K from bonuses and more than $5K from profit sharing in exceptional cases. Career length is the biggest factor affecting pay for this group, followed by geography. Medical benefits are awarded to most, and a large number earn dental coverage. Work is enjoyable for Banking Credit Analysts, who typically claim high levels of job satisfaction. This snapshot results from replies to PayScale's salary survey.

$33,414 - $70,050
(Median)
$33K
$47K
$70K
MEDIAN: $47,385
10%
50%
90%

Add this chart to your site: 640px    300px

$12.90 - $20.70
(Median)
$13
$17
$21
MEDIAN: $16.00
10%
50%
90%

Add this chart to your site: 640px    300px

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$25K$50K$75K
Salary
$33,414 - $70,050  
   
Bonus
$0.00 - $9,940  
Profit Sharing
$484.79 - $5,432  
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).
)
$30,959 - $72,854  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 280
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$13$26$39
Hourly Rate
$12.90 - $20.70  
   
Overtime
$1.48 - $37.51  
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$26K$52K$78K
Bonus
$0.00 - $9,940  
   
Profit Sharing
$484.79 - $5,432  
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).
)
$30,959 - $72,854  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 63
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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.

Read More...

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


Add this chart to your site:   640px 640px    300px 300px


While not commonly seen, Banking Credit Analysts who transition into a VP of Credit position may see a rise in pay. The median salary for VPs of Credit is $108K 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 $20K and $31K, respectively.

Credit Analyst Job Listings

Search for more jobs:

Popular Skills for Credit Analyst, Banking


Banking Credit Analysts who responded to the survey indicated only a few skills that they use on the job. Those who have experience with Loan Underwriting, Accounting, and Financial Analysis can expect to be compensated well for these skills. For most people, competency in Financial Analysis indicates knowledge of Accounting.

Pay by Experience Level for Credit Analyst, Banking

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


For many Banking Credit Analysts, more experience generally translates to higher pay. Salaries for inexperienced workers average out to $51K, and those with five to 10 years' experience earn a higher median of $44K. Banking Credit Analysts bring in $54K after working for 10 to 20 years. Survey participants who have worked for more than two decades report bringing in $71K on average.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Credit Analyst, Banking Salaries

Late-Career
up arrow 56%

Experienced
up arrow 19%


National Average
$46,000


Skills That Affect Credit Analyst, Banking Salaries

Loan Underwriting
up arrow 2%

Accounting
up arrow 1%

Financial Analysis
0%

National Average
$46,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 62 votes.

Gender

Female
30 %
Male
70 %

Years of Experience

Less than 1 year
17%
1-4 years
52%
5-9 years
19%
10-19 years
8%
20 years or more
3%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 80%
medical benefits
Vision: 62%
dental benefits
None: 9%
ADVERTISEMENT