£32,925
Avg. Salary
£12.25
Avg. Hourly Rate

Average additional compensation:

£3,439

Bonus

£1,100

Profit Sharing

What am I worth?
How should I pay?

The average pay for a Credit Analyst is £12.25 per hour.

The average pay for a Credit Analyst is £32,925 per year.

£0.00
10%
£12.25
50%
£0.00
90%
MEDIAN £12.25
£23k
10%
£33k
50%
£57k
90%
MEDIAN £32,925
£23,207 - £56,894
£23K
£33K
£57K
MEDIAN: £32,925
10%
50%
90%
£0£59K
Salary £23,207 - £56,894
Bonus £978 - £9,910
Profit Sharing £1,100
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).
)
£23,559 - £59,953
  • Country: United Kingdom
  • Currency: GBP
  • Updated: 19 Feb 2019
  • Individuals Reporting: 149

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. (Copyright 2019 PayScale.com)

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.

Credit Analyst Job Listings

Popular Skills for Credit Analyst

Pay Difference by Location

19%

National Average: £34,506

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

Related Job Salaries

Key Stats for Credit Analyst

Gender

Female
32 %
Male
68 %
Less than 1 year
7%
1-4 years
53%
5-9 years
23%
10-19 years
14%
20 years or more
3%

Experience Affects Credit Analyst Salaries

Mid-Career
▲29%

▲23%

National Average
₤35,000

▼6%

Skills That Affect Credit Analyst Salaries

Risk Management / Risk Control
▲16%



National Average
₤35,000

System Testing
▼5%

Gender

Female
32 %
Male
68 %

Years of Experience

Less than 1 year
7%
1-4 years
53%
5-9 years
23%
10-19 years
14%
20 years or more
3%

Common Health Benefits

medical benefits
Medical: 61%
dental benefits
Dental: 20%
vision benefits
Vision: 17%
no benefits
None: 35%