The average salary for a Credit Analyst is $51,212.
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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.
Job Satisfaction for Credit Analyst
Popular Employer Salaries for Credit Analyst
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
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.
Pay Difference by Location
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.