Credit Risk Analyst Salary

Credit Risk Analysts in the United States earn an average of $61K annually; salaries are particularly strong in New York, where workers earn around $98K. Credit Risk Analysts can also look forward to large paychecks in cities like Dallas (+34 percent), San Francisco (+28 percent), Chicago (+22 percent), and Washington (+21 percent). Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$43,637 - $85,010
$44K
$61K
$85K
MEDIAN: $60,662
10%
50%
90%

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$12.82 - $32.42
$13
$21
$32
MEDIAN: $21.45
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$32K$64K$96K
Salary
$43,637 - $85,010  
   
Bonus
$993 - $15,205  
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).
)
$42,785 - $93,132  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 167
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
$10.67 - $46.37  
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
$993 - $15,205  
   
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).
)
$42,785 - $93,132  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 23

Find Out Exactly What You Should Be Paid

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

  • 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.

Credit Analyst Job Listings

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Popular Employer Salaries for Credit Risk Analyst


Popular Skills for Credit Risk Analyst


Survey results imply that Credit Risk Analysts put a diverse skill set to use. 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

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


Salaries for the relatively untried average out to around $59K, but survey participants with five to 10 years of experience earn a significantly higher median of $70K. Credit Risk Analysts see a median salary of $74K after reaching one to two decades on the job. People who have worked for 20 years or more actually report earning less than people who are in the middle of their careers; the veterans take home a mere $64K by contrast.

Pay Difference by Location

National Average: $61,310

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

Related Job Salaries

Key Stats for Credit Risk Analyst

Gender

Female
29 %
Male
71 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 24 votes.
Less than 1 year
16%
1-4 years
54%
5-9 years
17%
10-19 years
9%
20 years or more
4%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Credit Risk Analyst Salaries

▲21%

▲14%

Late-Career
▲4%

National Average
$61,000

▼4%

Skills That Affect Credit Risk Analyst Salaries

SAS
▲11%

SQL
▲5%

Risk Management / Risk Control
▼0%

Data Analysis
▼0%

National Average
$61,000



Financial Modeling
▼8%

Microsoft Access
▼23%

Job Satisfaction

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

Gender

Female
29 %
Male
71 %

Years of Experience

Less than 1 year
16%
1-4 years
54%
5-9 years
17%
10-19 years
9%
20 years or more
4%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 81%
vision benefits
Vision: 69%
dental benefits
None: 7%
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