Earnings for Banking Credit Analysts in the United States come in at around $53K per year on average. Final cash compensation to Banking Credit Analysts varies from around $34K to approximately $88K; choice pay grades include potential for bonuses and profit sharing as high as $12K and $4K, respectively. Location and career duration each impact pay for this group, with the former having the largest influence. Medical and dental coverage is claimed by a large number, and a majority earn vision coverage. Job satisfaction is high and work is enjoyable for most Banking Credit Analysts. There are more male Banking Credit Analysts than female among those who completed the questionnaire, making up 64 percent.

$37,542 - $87,863
(Median)
$38K
$53K
$88K
MEDIAN: $52,698
10%
50%
90%

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$13.33 - $23.43
(Median)
$13
$17
$23
MEDIAN: $16.00
10%
50%
90%

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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$30K$60K$90K
Salary
$37,542 - $87,863  
   
Bonus
$503 - $12,291  
Profit Sharing
$0.00 - $4,494  
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).
)
$34,434 - $87,968  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 155
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$15$30$45
Hourly Rate
$13.33 - $23.43  
   
Overtime
$23.00 - $43.03  
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$30K$60K$90K
Bonus
$503 - $12,291  
   
Profit Sharing
$0.00 - $4,494  
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).
)
$34,434 - $87,968  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 31
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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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There are some Banking Credit Analysts — though it's uncommon — that transition into VPs of Credit, where earnings are an average $109K annually. Banking Credit Analysts typically move into roles as Commercial Loan Officers or Commercial Lenders, and those positions pay $14K more and $26K more, 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. Most notably, skills in Commercial Loans, Financial Analysis, Loan Underwriting, and Accounting are correlated to pay that is above average, with boosts between 3 percent and 17 percent. Those educated in Financial Analysis tend to be well versed in Accounting.

Pay by Experience Level for Credit Analyst, Banking

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


The average beginner in this position makes around $50K, but folks who have been around for five to 10 years see a markedly higher median salary of $63K. On average, Banking Credit Analysts make $79K following one to two decades on the job. Respondents who boast more than 20 years of experience can't seem to boast paychecks reflecting that extensive experience, though; veteran Banking Credit Analysts report making only $71K on average.

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Experience Affects Credit Analyst, Banking Salaries

Experienced
up arrow 53%

Late-Career
up arrow 37%


National Average
$51,000


Skills That Affect Credit Analyst, Banking Salaries

Commercial Loans
up arrow 17%


Loan Underwriting
up arrow 3%

Accounting
up arrow 2%

National Average
$51,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 29 votes.

Gender

Female
36 %
Male
64 %

Years of Experience

Less than 1 year
17%
1-4 years
47%
5-9 years
22%
10-19 years
10%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 83%
medical benefits
Vision: 65%
dental benefits
None: 10%
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