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Credit Analyst, Banking Salary

Earnings for Banking Credit Analysts in the United States come in at around $44K annually on average. In the world of Banking Credit Analysts, overall cash allowance can occasionally include more than $9K from bonuses and, in some exceptional cases, $7K from profit sharing, causing incomes to vary widely between $30K and $65K. Residence is the biggest factor affecting pay for this group, followed by years of experience. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Most workers in this position report high levels of job satisfaction. Making up 72 percent of those who took the survey, male Banking Credit Analysts greatly outnumber their female counterparts.

$30,943 - $63,339
(Median)
$31K
$44K
$63K
MEDIAN: $43,842
10%
50%
90%

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$11.77 - $20.77
(Median)
$12
$16
$21
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
$30,943 - $63,339  
   
Bonus
$0.00 - $8,686  
Profit Sharing
$503 - $6,851  
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).
)
$29,646 - $65,298  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 447
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
$11.77 - $20.77  
   
Overtime
$16.32 - $38.60  
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 - $8,686  
   
Profit Sharing
$503 - $6,851  
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).
)
$29,646 - $65,298  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 91
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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

  • 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 do not often transition into VP of Credit roles. The role averages $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 $23K and $34K, respectively.

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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. Loan Underwriting and Accounting are considered valuable skills and can increase employee pay by 9 percent and 5 percent, respectively. For most people, competency in Financial Analysis indicates knowledge of Accounting.

Related Job Salaries

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Experience Affects Credit Analyst, Banking Salaries


Experienced
up arrow 17%

National Average
$42,000


Skills That Affect Credit Analyst, Banking Salaries

Loan Underwriting
up arrow 9%

Accounting
up arrow 5%

Financial Analysis
up arrow 3%

National Average
$42,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 128 votes.

Gender

Female
28 %
Male
72 %

Years of Experience

Less than 1 year
16%
1-4 years
57%
5-9 years
19%
10-19 years
6%
20 years or more
2%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 79%
vision benefits Vision: 59% employee benefits None: 8%
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