Credit Analyst Salary

The average salary for a Credit Analyst is $48,560 per year. Most people move on to other jobs if they have more than 20 years' experience in this career. A skill in Financial Modeling is associated with high pay for this job. 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.

$36,249 - $71,355
$36K
$49K
$71K
MEDIAN: $48,674
10%
50%
90%

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$14.10 - $25.04
$14
$18
$25
MEDIAN: $18.45
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
$36,249 - $71,355  
   
Bonus
$491.58 - $10,220  
Profit Sharing
$0.40 - $5,714  
Commission
$3,600  
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).
)
$33,917 - $71,978  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 1,869
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$14$28$42
Hourly Rate
$14.10 - $25.04  
   
Overtime
$21.14 - $39.50  
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$28K$56K$84K
Bonus
$491.58 - $10,220  
   
Commission
$3,600  
Profit Sharing
$0.40 - $5,714  
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).
)
$33,917 - $71,978  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 600

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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

  • Assess credit risk.
  • Aggregate and evaluate data related to credit and credit risk to support organizational decision-making.
  • Ensure that approved accounts remain in good standing.
  • Establish terms for approved credit requests.

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

Pay by Experience for a Credit Analyst has a positive trend. An entry-level Credit Analyst with less than 5 years of experience can expect to earn an average total compensation of $45,000 based on 1,788 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Credit Analyst with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $53,000 based on 446 salaries. An experienced Credit Analyst which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $54,000 based on 334 salaries. A Credit Analyst with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $55,000 based on 122 salaries.

Pay Difference by Location

National Average: $47,043

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

Credit Analyst Reviews

Q: 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

Key Stats for Credit Analyst

Gender

Female
42 %
Male
58 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 383 votes.
Less than 1 year
13%
1-4 years
56%
5-9 years
14%
10-19 years
12%
20 years or more
5%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Credit Analyst Salaries

▲16%

▲14%

▲12%

National Average
$47,000

▼4%

Skills That Affect Credit Analyst Salaries

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 383 votes.

Gender

Female
42 %
Male
58 %

Years of Experience

Less than 1 year
13%
1-4 years
56%
5-9 years
14%
10-19 years
12%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 80%
vision benefits
Vision: 67%
no benefits
None: 10%
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