Credit Risk Analyst Salary

Median pay for Credit Risk Analysts in the United States is around $60K per year, but employers in New York offer the biggest paychecks; average compensation in that city is approximately $98K. Credit Risk Analysts will also find cushy salaries in Dallas (+36 percent), San Francisco (+29 percent), Chicago (+23 percent), and Washington (+22 percent). This overview is based on answers to PayScale's salary questionnaire.

$42,903 - $89,822
$43K
$60K
$90K
MEDIAN: $60,425
10%
50%
90%

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$12.77 - $30.00
$13
$21
$30
MEDIAN: $21.27
10%
50%
90%

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$0$97K
Salary $42,903 - $89,822
Bonus $988 - $15,205
Profit Sharing $-0.50 - $9,863
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).
)
$42,436 - $97,036
  • Country: United States
  • Currency: USD
  • Updated: 25 Jul 2017
  • Individuals Reporting: 156
Hourly Data $0$49
Hourly Rate $12.77 - $30.00
Overtime $0.00 - $49.41
Annual Data $0$97K
Bonus $988 - $15,205
Profit Sharing $-0.50 - $9,863
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).
)
$42,436 - $97,036
  • Country: United States
  • Currency: USD
  • Updated: 25 Jul 2017
  • Individuals Reporting: 19

Find Out Exactly What You Should Be Paid

United States (change)

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 Risk Analyst Job Listings

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. The majority of those who know Data Analysis also 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: $60,646

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

Related Job Salaries

Key Stats for Credit Risk Analyst

Gender

Female
24 %
Male
76 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 24 votes.
Less than 1 year
17%
1-4 years
55%
5-9 years
15%
10-19 years
9%
20 years or more
3%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Credit Risk Analyst Salaries

▲22%

▲15%

Late-Career
▲6%

National Average
$61,000

▼3%

Skills That Affect Credit Risk Analyst Salaries

SAS
▲12%

SQL
▲6%

Risk Management / Risk Control
▲1%

Data Analysis
▲1%

National Average
$61,000



Financial Modeling
▼7%

Microsoft Access
▼22%

Job Satisfaction

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

Gender

Female
24 %
Male
76 %

Years of Experience

Less than 1 year
17%
1-4 years
55%
5-9 years
15%
10-19 years
9%
20 years or more
3%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 79%
vision benefits
Vision: 66%
no benefits
None: 9%
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