The average salary for a Commercial Credit Analyst is $56,162.
Commercial Credit Analyst by
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What Do Commercial Credit Analysts Do?
A commercial credit analyst is responsible for gathering and analyzing credit information for current and prospective business borrowers. These analysts complete analyses for new loan requests and make recommendations for risk ratings according to what they discover. They must also analyze credit data and financial statements as part of risk analysis on new and renewing loans. Commercial credit analysts also prepare written summaries of credit analysis of the business' services, as well as comp…Read more
Commercial 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.
Job Satisfaction for Commercial Credit Analyst
Popular Employer Salaries for Commercial Credit Analyst
The top respondents for the job title Commercial Credit Analyst are from the companies Bank of America Corp. (BOFA), U.S. Bank and Regions Bank. Reported salaries are highest at U.S. Bank where the average pay is $73,729. Other companies that offer high salaries for this role include Capital One Financial Corp and J.P. Morgan Chase & Co. (JPMCC), earning around $72,500 and $65,002, respectively. Customers Bank pays the lowest at around $55,000. Regions Bank and Bank of American Fork also pay on the lower end of the scale, paying $57,000 and $60,166, respectively.
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Commercial Credit Analyst
Somewhat common (8 - 20%)
Commercial Credit Analyst Job Listings
What Are Popular Skills for Commercial Credit Analysts?
Skills in Financial Analysis, Commercial Loans and Loan Underwriting are correlated to pay that is above average. Skills that pay less than market rate include Data Analysis and Microsoft Excel.
What is the Pay by Experience Level for Commercial Credit Analysts?
An entry-level Commercial Credit Analyst with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $48,832 based on 56 salaries. An early career Commercial Credit Analyst with 1-4 years of experience earns an average total compensation of $54,783 based on 372 salaries. A mid-career Commercial Credit Analyst with 5-9 years of experience earns an average total compensation of $63,810 based on 103 salaries. An experienced Commercial Credit Analyst with 10-19 years of experience earns an average total compensation of $67,227 based on 80 salaries. In their late career (20 years and higher), employees earn an average total compensation of $68,332.
Pay Difference by Location
Employees with Commercial Credit Analyst in their job title in Denver, Colorado earn an average of 23.5% more than the national average. These job titles also find higher than average salaries in Boston, Massachusetts (13.7% more) and Dallas, Texas (13.7% more). The lowest salaries can be found in Cleveland, Ohio (3.8% less).
Years of Experience
This data is based on 643 survey responses.