Credit Risk Analyst Salary

The average salary for Credit Risk Analysts in the United States is $60K per year, and pay runs especially high in New York, where the average is $98K. Credit Risk Analysts will also find cushy salaries in Dallas (+36 percent), San Francisco (+30 percent), Chicago (+24 percent), and Washington (+22 percent). This report is based on answers to PayScale's salary questionnaire.

$42,769 - $86,318
$43K
$60K
$86K
MEDIAN: $60,100
10%
50%
90%

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$12.82 - $32.42
$13
$21
$32
MEDIAN: $21.26
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$32K$64K$96K
Salary
$42,769 - $86,318  
   
Bonus
$991 - $15,178  
Profit Sharing
$400.00  
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).
)
$41,882 - $94,505  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 165
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$16$32$48
Hourly Rate
$12.82 - $32.42  
   
Overtime
$5.50 - $47.74  
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$32K$64K$96K
Bonus
$991 - $15,178  
   
Profit Sharing
$400.00  
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).
)
$41,882 - $94,505  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 23

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United States (change)

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Job Description for Credit Risk Analyst

Credit risk analysts are in charge of analyzing credit risk for clients on behalf of their organization. They are responsible for utilizing financial and credit information to perform risk analysis and deliver detailed reports based on their findings. They provide accurate results based on their analysis and explain credit analyses in non-technical terms to non-technical customers. They complete administrative application, as well as make credit decision using established company policies and procedures. They review high-risk relationships and escalate issues to other departments as needed. This analyst's main functions also include identify potential risk factors before approving credit lines to clients and applicants. as well as preventing loss and charge-back activity by mitigating credit risk. Additionally, these professionals analyze data on business relationships and reconcile credit requests.

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Credit Risk 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.

Credit Analyst Job Listings

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Popular Employer Salaries for Credit Risk Analyst


Popular Skills for Credit Risk Analyst


Survey results suggest that Credit Risk Analysts use a fairly large toolkit of professional skills. Most notably, skills in SAS, SQL, Data Analysis, and Risk Management / Risk Control are correlated to pay that is above average. Those listing Microsoft Access as a skill should be prepared for drastically lower pay. Financial Modeling and Microsoft Excel also typically command lower compensation. Those familiar with Data Analysis also tend to know Financial Analysis and SAS.

Pay by Experience Level for Credit Risk Analyst

Pay by Experience for a Credit Risk Analyst has a positive trend. An entry-level Credit Risk Analyst with less than 5 years of experience can expect to earn an average total compensation of $59,000 based on 147 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Credit Risk Analyst with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $70,000 based on 35 salaries. An experienced Credit Risk Analyst which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $74,000 based on 23 salaries. A Credit Risk Analyst with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $64,000 based on 8 salaries.

Pay Difference by Location

National Average: $60,455

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

Related Job Salaries

Key Stats for Credit Risk Analyst

Gender

Female
27 %
Male
73 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 24 votes.
Less than 1 year
16%
1-4 years
55%
5-9 years
16%
10-19 years
9%
20 years or more
4%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Credit Risk Analyst Salaries

▲22%

▲16%

Late-Career
▲6%

National Average
$60,000

▼2%

Skills That Affect Credit Risk Analyst Salaries

SAS
▲12%

SQL
▲7%

Risk Management / Risk Control
▲1%

Data Analysis
▲1%

National Average
$60,000



Financial Modeling
▼6%

Microsoft Access
▼22%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 24 votes.

Gender

Female
27 %
Male
73 %

Years of Experience

Less than 1 year
16%
1-4 years
55%
5-9 years
16%
10-19 years
9%
20 years or more
4%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 80%
vision benefits
Vision: 67%
no benefits
None: 9%
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