Credit Analyst, Banking Salary

Median pay for Banking Credit Analysts in the United States lies in the neighborhood of $44K per year. In the world of Banking Credit Analysts, overall income ranges from $30K near the bottom to $66K at the top; this can include more than $9K from bonuses and more than $7K from profit sharing in exceptional cases. Residence and years of experience each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to a large number, and a fair number earn dental coverage. Job satisfaction for Banking Credit Analysts is high. Making up 72 percent of those who took the survey, male Banking Credit Analysts greatly outnumber their female counterparts. This snapshot results from replies to PayScale's salary survey.

$30,765 - $64,077

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$11.97 - $20.67

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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$23K$46K$69K
Salary
$30,765 - $64,077  
   
Bonus
$0.00 - $8,537  
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).
)
$29,539 - $66,190  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 381
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
$11.97 - $20.67  
   
Overtime
$16.22 - $38.68  
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 - $8,537  
   
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).
)
$29,539 - $66,190  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 84
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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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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. Typical career progression for a Banking Credit Analyst involves becoming a Commercial Loan Officer or a Commercial Lender, roles that pay $23K more and $34K more on average.

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Popular Skills for Credit Analyst, Banking


Survey takers who work as Banking Credit Analysts typically report just a few professional skills. Loan Underwriting and Accounting are considered valuable skills and can increase employee pay by 9 percent and 5 percent, respectively. Those familiar with Financial Analysis also tend to know Accounting.

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Experience Affects Credit Analyst, Banking Salaries

Experienced
up arrow 19%


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 100 votes.

Gender

Female
28 %
Male
72 %

Years of Experience

Less than 1 year
17%
1-4 years
57%
5-9 years
18%
10-19 years
6%
20 years or more
3%

Common Health Benefits

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