The average salary for a Credit Analyst in United Kingdom is £33,044.
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What Do Credit Analysts Do?
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.…Read more
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.
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Somewhat common (8 - 20%)
Credit Analyst Job Listings
What Are Popular Skills for Credit Analysts?
Skills in Financial Analysis, Credit Control and Loan Underwriting are correlated to pay that is above average. Skills that pay less than market rate include Risk Management / Risk Control and Microsoft Excel.
What is the Pay by Experience Level for Credit Analysts?
An entry-level Credit Analyst with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of £29,661 based on 10 salaries. An early career Credit Analyst with 1-4 years of experience earns an average total compensation of £32,302 based on 75 salaries. A mid-career Credit Analyst with 5-9 years of experience earns an average total compensation of £36,495 based on 34 salaries. An experienced Credit Analyst with 10-19 years of experience earns an average total compensation of £31,108 based on 15 salaries. In their late career (20 years and higher), employees earn an average total compensation of £40,000.
Pay Difference by Location
Employees with Credit Analyst in their job title in Bristol, England: Bristol earn an average of 21.0% more than the national average. These job titles also find higher than average salaries in London, England: London (11.1% more). The lowest salaries can be found in Leeds, England: Leeds (20.5% less), Glasgow, Scotland: Glasgow (15.4% less) and Manchester, England: Manchester (14.6% less).
Years of Experience
This data is based on 139 survey responses.