$56,187
Avg. Salary
$17.38
Avg. Hourly Rate

Average additional compensation:

$4,886

Bonus

$1,952

Profit Sharing

$5,000

Commission

What am I worth?
How should I pay?

The average pay for a Credit Analyst, Banking is $17.38 per hour.

The average pay for a Credit Analyst, Banking is $56,187 per year.

10%
$12.97
10%
$17.38
50%
$23.72
90%
90%
MEDIAN $17.38
10%
$39k
10%
$56k
50%
$92k
90%
90%
MEDIAN $56,187
$39,324 - $91,616
$39K
$56K
$92K
MEDIAN: $56,187
10%
50%
90%

Add this chart to your site: 640px    300px

$12.97 - $23.72
$13
$17
$24
MEDIAN: $17.38
10%
50%
90%

Add this chart to your site: 640px    300px

$0$91K
Salary $39,324 - $91,616
Bonus $519 - $16,149
Profit Sharing $291 - $8,093
Commission $5,000
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).
)
$35,494 - $91,303
  • Country: United States
  • Currency: USD
  • Updated: 21 Mar 2019
  • Individuals Reporting: 340
Hourly Data $0$42
Hourly Rate $12.97 - $23.72
Overtime $25.01 - $42.33
Annual Data $0$91K
Bonus $519 - $16,149
Commission $5,000
Profit Sharing $291 - $8,093
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).
)
$35,494 - $91,303
  • Country: United States
  • Currency: USD
  • Updated: 21 Mar 2019
  • Individuals Reporting: 63

Job Description for Credit Analyst, Banking

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 the correct processing of credit applications. Their work with dealers also assists the sales department by proxy, as relationship-building skills are used by all three parties to create strong professional ties.

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.

Credit Analyst, Banking Pay By Employer

$0$76K

U.S. Bank
6 profiles
$65,641

$64,858

Common Career Paths for Credit Analyst, Banking


Add this chart to your site:   640px 640px    300px 300px


Though it's uncommon, some Banking Credit Analysts move into roles as VPs of Credit, where pay is an average $109K per year. Banking Credit Analysts most often move into positions as Commercial Loan Officers or Commercial Lenders; those groups report median salaries that are $14K higher and $26K higher, respectively.

Credit Analyst, Banking Job Listings

Popular Skills for Credit Analyst, Banking


Survey results show that Banking Credit Analysts typically report just a few professional skills. Most notably, facility with Commercial Loans, Loan Underwriting, and Financial Analysis are correlated to pay that is significantly above average, leading to increases of 21 percent, 13 percent, and 10 percent, respectively. It is often found that people who know Financial Analysis are also skilled in Accounting.

Pay by Experience Level for Credit Analyst, Banking

Pay by Experience for a Credit Analyst, Banking has a positive trend. An entry-level Credit Analyst, Banking with less than 5 years of experience can expect to earn an average total compensation of $51,000 based on 140 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Credit Analyst, Banking with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $65,000 based on 47 salaries. An experienced Credit Analyst, Banking which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $81,000 based on 30 salaries. A Credit Analyst, Banking with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $61,000 based on 15 salaries.

Pay Difference by Location

84%

11%

National Average: $53,907

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

For Banking Credit Analysts, working in the bustling city of New York has its advantages, including an above-average pay rate. Banking Credit Analysts will also find cushy salaries in Los Angeles (+43 percent), Atlanta (+35 percent), Chicago (+15 percent), and Dallas (+10 percent). The lowest-paying market is Buffalo, which sits 9 percent below the national average.

Related Job Salaries

Key Stats for Credit Analyst, Banking

Gender

Female
36 %
Male
64 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 73 votes.
Less than 1 year
15%
1-4 years
49%
5-9 years
18%
10-19 years
11%
20 years or more
7%

Experience Affects Credit Analyst, Banking Salaries

▲50%

▲20%

Late-Career
▲14%

National Average
$54,000

▼6%

Skills That Affect Credit Analyst, Banking Salaries

Commercial Loans
▲17%



National Average
$54,000

▼1%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 73 votes.

Gender

Female
36 %
Male
64 %

Years of Experience

Less than 1 year
15%
1-4 years
49%
5-9 years
18%
10-19 years
11%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 83%
vision benefits
Vision: 71%
no benefits
None: 9%