A Credit Analyst earns an average salary of $48,219 per year. Most people with this job move on to other positions after 20 years in this career. For the first five to ten years in this position, salary increases modestly, but any additional experience does not have a big effect on pay.

$35,589 - $69,546
(Median)
$36K
$48K
$70K
MEDIAN: $48,218
10%
50%
90%

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$13.82 - $24.76
(Median)
$14
$18
$25
MEDIAN: $18.00
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$24K$48K$72K
Salary
$35,589 - $69,546  
   
Bonus
$489.61 - $10,065  
Profit Sharing
$0.00 - $5,085  
Commission
$3,198  
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).
)
$33,643 - $70,212  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 1,836
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
$13.82 - $24.76  
   
Overtime
$20.85 - $38.98  
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
$489.61 - $10,065  
   
Commission
$3,198  
Profit Sharing
$0.00 - $5,085  
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).
)
$33,643 - $70,212  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 570
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Job Description for Credit Analyst

Credit analysts specialize in determining a business's or individual's credit worthiness. A credit analyst looks at all past credit purchases and, based on their findings, decides if a person or a corporation is worthy to receive a loan. The majority of credit analysts have a Bachelor's degree in mathematics, business, economics, or accounting. It is suggested that people with this job enjoy working with numbers, because they will be reviewing numerical figures as a part of their daily function. He or she will usually work indoors in an office environment. Credit analysts must have excellent communication skills, be great listeners, and be able to perform multiple tasks. Analysts can be employed by major banks, credit unions, investment management groups, and the U.S. Department of State, to name a few. They usually work Monday through Friday, but this can change. If an analyst is working on a major case decision for a corporation, for example, work outside of normal hours may be required. Credit analysts not only make decisions on credit worthiness; they also recommend steps to improve credit ratings. Customers can range from corporations to individuals trying to secure a loan. This is a professional, white-collar job. There is a high demand and growth opportunities for credit analysts because the economy is constantly changing.


Credit Analyst 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


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Credit Analyst Job Listings

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Popular Employer Salaries for Credit Analyst

Popular Skills for Credit Analyst

Pay by Experience Level for Credit Analyst

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

Pay Difference by Location

National Average: $46,570

Larger city markers indicate a job is popular in that location.

Credit Analyst Reviews

What is it like working as a Credit Analyst?

Credit Analyst in Morgantown:
Pros: You are paid to give your opinion on the risks of proposed deals.Good company/management. Stable employment.
Cons: No/limited upward mobility options available due to small size of company. Sedentary work environment. There is nothing exciting about analyzing/underwriting someone else's risk taking.

Credit Analyst in Denver:
Pros: The people here are great. The job is flexible enough to where you can take on assignments if you'd like to.
Cons: There is a lot of pressure to make quick decisions and not drag out the underwriting process.

Credit Analyst in Fargo:
"Review."
Pros: -Coworkers: good, respectful rapport with lenders and other analysts. -Job function: I enjoy working through commercial credits and identifying the good, the bad, and the ugly in underlying credits. -Company: I feel respected and appreciated by upper management.
Cons: -Sedentary work style: one of the few things I dislike comes natural with a "desk job" and that is just sitting all day.

Credit Analyst in Miami:
"Great Learning Experience; Interesting Job."
Pros: Degree of autonomy in my responsibilities. Great Team around me. Ability to learn ins and outs of multiple industries. Good working experience. Hands on management that always looks to help and improve. Challenging and interesting job functions.
Cons: Long hours. Long commute from where I live. Limited upward mobility. Salary.

Related Job Salaries

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Experience Affects Credit Analyst Salaries




National Average
$47,000


Skills That Affect Credit Analyst Salaries




Financial Analysis
up arrow 4%

Credit Control
up arrow 1%

Business Analysis
up arrow 1%

National Average
$47,000

Microsoft Excel
up arrow 2%

Accounts Receivable
up arrow 2%

Data Analysis
up arrow 2%

bill collections
up arrow 3%

Accounting
up arrow 4%

Financial Reporting
up arrow 4%




Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 337 votes.

Gender

Female
41 %
Male
59 %

Years of Experience

Less than 1 year
12%
1-4 years
55%
5-9 years
14%
10-19 years
13%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 80%
medical benefits
Vision: 68%
dental benefits
None: 9%
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