Credit Analyst, Banking Salary

Median pay for Banking Credit Analysts in the United States is around $44K annually. In the world of Banking Credit Analysts, total cash compensation can vary between $29K and $66K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $8K and $7K, respectively. Location is the biggest factor affecting pay for this group, followed by tenure. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to more than half. Making up 72 percent of those who took the survey, male Banking Credit Analysts greatly outnumber their female counterparts. Most Banking Credit Analysts report high levels of job satisfaction. This snapshot results from replies to PayScale's salary survey.

$30,815 - $63,901
(Median)
$31K
$44K
$64K
MEDIAN: $44,077
10%
50%
90%

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$11.85 - $20.62
(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$23K$46K$69K
Salary
$30,815 - $63,901  
   
Bonus
$0.00 - $8,345  
Profit Sharing
$500 - $7,000  
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).
)
$29,487 - $66,265  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 405
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
$11.85 - $20.62  
   
Overtime
$16.22 - $38.68  
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 - $8,345  
   
Profit Sharing
$500 - $7,000  
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).
)
$29,487 - $66,265  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 86
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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 sometimes assume positions such as VPs of Credit. That role pays $108K per year on average. Banking Credit Analysts most often move into positions as Commercial Loan Officers or Commercial Lenders; those groups report median salaries that are $23K higher and $34K higher, respectively.

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Popular Skills for Credit Analyst, Banking


Banking Credit Analysts only report a few specific skills. Loan Underwriting and Accounting are considered valuable skills and can increase employee pay by 9 percent and 5 percent, respectively. Most people skilled in Financial Analysis are similarly competent in Accounting.

Related Job Salaries

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Experience Affects Credit Analyst, Banking Salaries

Experienced
up arrow 21%


National Average
$42,000


Skills That Affect Credit Analyst, Banking Salaries

Loan Underwriting
up arrow 9%

Accounting
up arrow 5%

Financial Analysis
up arrow 2%

National Average
$42,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 110 votes.

Gender

Female
28 %
Male
72 %

Years of Experience

Less than 1 year
17%
1-4 years
56%
5-9 years
18%
10-19 years
6%
20 years or more
3%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 78%
vision benefits Vision: 58% employee benefits None: 8%
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