The average salary for a Credit Analyst, Banking is $58,395.
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What Do Credit Analyst, Bankings Do?
Banking credit analysts research and review consumer credit information through various sources to analyze the creditworthiness of applicants for their institution's services. They must also interview references, review relevant financial data of the applicants, and determine an appropriate line of credit (if one is determined to be appropriate). Banking credit analysts typically work daily with the sales department, lessees of vehicles and property, and property dealers and brokers to ensure th…Read more
Credit Analyst, Banking 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 Credit Analyst, Banking
Popular Employer Salaries for Credit Analyst, Banking
The top respondents for the job title Credit Analyst, Banking are from the companies U.S. Bank, Wells Fargo Bank and Bank of America Corp. (BOFA). Reported salaries are highest at Wells Fargo Bank where the average pay is $69,097. Other companies that offer high salaries for this role include U.S. Bank, earning around $66,082. Bank of America Corp. (BOFA) pays the lowest at around $58,462. J.P. Morgan Chase & Co. (JPMCC) also pays on the lower end of the scale, paying $64,858.
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Somewhat common (8 - 20%)
Credit Analyst, Banking Job Listings
What Are Popular Skills for Credit Analyst, Bankings?
Skills in Financial Analysis, Loan Underwriting, Commercial Loans and Risk Management / Risk Control are correlated to pay that is above average. Skills that pay less than market rate include Accounting.
What is the Pay by Experience Level for Credit Analyst, Bankings?
An entry-level Credit Analyst, Banking with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $47,781 based on 62 salaries. An early career Credit Analyst, Banking with 1-4 years of experience earns an average total compensation of $56,132 based on 189 salaries. A mid-career Credit Analyst, Banking with 5-9 years of experience earns an average total compensation of $60,463 based on 66 salaries. An experienced Credit Analyst, Banking with 10-19 years of experience earns an average total compensation of $73,828 based on 41 salaries. In their late career (20 years and higher), employees earn an average total compensation of $70,000.
Pay Difference by Location
Employees with Credit Analyst, Banking in their job title in New York, New York earn an average of 54.1% more than the national average. These job titles also find higher than average salaries in Atlanta, Georgia (22.5% more) and Chicago, Illinois (10.3% more). The lowest salaries can be found in Buffalo, New York (20.7% less) and Minneapolis, Minnesota (9.1% less).
Years of Experience
This data is based on 383 survey responses.