Credit Analyst Salary (United States)

The average salary for a Credit Analyst is $45,881 per year. Most people move on to other jobs if they have more than 20 years' experience in this career. Skills that are associated with high pay for this job are Financial Modeling, Risk Management / Risk Control, and Commercial Loans. 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.
Credit Analyst Total Pay (?
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.
)
$33,879 - $66,354
(Median)
34K
46K
55K
66K
MEDIAN: $45,880
10%
50%
75%
90%
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Credit Analyst Total Pay (?
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.
)
$12.72 - $23.91
(Median)
13
15
17
20
24
MEDIAN: $17.00
10%
25%
50%
75%
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
$33,879 - $66,354  
   
Bonus
$0.00 - $9,608  
Profit Sharing
$502 - $7,147  
Commission
$2,358 - $10,279  
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).
)
$31,994 - $68,472  
PayScale
Country: United States | Currency: USD | Updated: 5 Aug 2014 | Individuals Reporting: 2,481
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
$12.72 - $23.91  
   
Overtime
$17.77 - $36.30  
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 - $9,608  
   
Commission
$2,358 - $10,279  
Profit Sharing
$502 - $7,147  
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).
)
$31,994 - $68,472  
PayScale
Country: United States | Currency: USD | Updated: 5 Aug 2014 | Individuals Reporting: 2,481
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United States (change)
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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

up arrow 63%
up arrow 36%
up arrow 16%
up arrow 12%
up arrow 8%
up arrow 8%
up arrow 6%
up arrow 5%
Miami
up arrow 4%
Omaha
up arrow 1%
National Average
$45,000
St. Louis
up arrow 9%
Milwaukee
up arrow 12%
up arrow 12%
Larger circles over a city indicate a job is popular in that location.

Related Job Salaries

Experience Affects Credit Analyst Salaries

National Average
$45,000

Skills That Affect Credit Analyst Salaries

Financial Modeling
up arrow 33%
Research Analysis
up arrow 6%
Financial Analysis
up arrow 3%
Credit Control
up arrow 1%
Accounting
0%
National Average
$45,000
Microsoft Excel
up arrow 1%
Collections
up arrow 2%
Microsoft Office
up arrow 3%
Data Analysis
up arrow 8%
Accounts Receivable
up arrow 24%

Job Satisfaction

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Highly satisfied
Rated 4 out of 5 based on 563 votes.

Gender

Female
44%
female alumni
 
Male
56%
male alumni

Years of Experience

Less than 1 year
10%
1-4 years
51%
5-9 years
22%
10-19 years
13%
20 years or more
4%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 82%
vision benefits Vision: 67% employee benefits None: 8%
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