Average Credit Analyst Salary

$51,212
Avg. SalaryShow Hourly Rate
$2,954
Bonus
$4,300
Commission
$1,501
Profit Sharing
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The average salary for a Credit Analyst is $51,212.
10%
$39k
MEDIAN
$51k
90%
$74k
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Salary
$39k - $74k
Bonus
$515 - $10k
Profit Sharing
$299 - $5k
Commission
$2k - $35k
Total Pay
$36k - $74k
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What Do Credit Analysts Do?

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 Credit Analyst

3.9 out of 5
(763)
Highly Satisfied
59Reviews
The top respondents for the job title Credit Analyst are from the companies U.S. Bank, Wells Fargo & Co. and Comerica Bank. Reported salaries are highest at Fitch Ratings Corporation where the average pay is $70,684. Other companies that offer high salaries for this role include Wells Fargo Bank and U.S. Bank, earning around $68,314 and $64,609, respectively. Farm Credit pays the lowest at around $46,730. Comerica Bank and Wells Fargo & Co. also pay on the lower end of the scale, paying $47,500 and $60,714, respectively.

Credit Analyst Job Listings

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What Are Popular Skills for Credit Analysts?

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 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 $45,684 based on 490 salaries. An early career Credit Analyst with 1-4 years of experience earns an average total compensation of $50,774 based on 2,309 salaries. A mid-career Credit Analyst with 5-9 years of experience earns an average total compensation of $57,380 based on 542 salaries. An experienced Credit Analyst with 10-19 years of experience earns an average total compensation of $58,052 based on 432 salaries. In their late career (20 years and higher), employees earn an average total compensation of $57,727.
Employees with Credit Analyst in their job title in New York, New York earn an average of 49.9% more than the national average. These job titles also find higher than average salaries in Seattle, Washington (18.6% more) and Los Angeles, California (14.0% more).

Years of Experience

This data is based on 3,996 survey responses.
Entry Level
12.3%
Early Career
57.8%
Mid Career
13.6%
Experienced
10.8%
Late Career
5.6%

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