$49,593
Avg. Salary
$19.22
Avg. Hourly Rate

Average additional compensation:

$2,922

Bonus

$1,524

Profit Sharing

$3,495

Commission

What am I worth?
How should I pay?

The average pay for a Credit Analyst is $19.22 per hour.

The average pay for a Credit Analyst is $49,593 per year.

$14.46
10%
$19.22
50%
$25.67
90%
MEDIAN $19.22
$37k
10%
$50k
50%
$72k
90%
MEDIAN $49,593
$37,157 - $72,211
$37K
$50K
$72K
MEDIAN: $49,593
10%
50%
90%

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$14.46 - $25.67
$14
$19
$26
MEDIAN: $19.22
10%
50%
90%

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$0$72K
Salary $37,157 - $72,211
Bonus $500 - $10,237
Profit Sharing $125 - $5,142
Commission $0.00 - $34,744
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).
)
$34,845 - $72,727
  • Country: United States
  • Currency: USD
  • Updated: 8 Feb 2019
  • Individuals Reporting: 3,392
Hourly Data $0$39
Hourly Rate $14.46 - $25.67
Overtime $21.28 - $39.49
Annual Data $0$72K
Bonus $500 - $10,237
Commission $0.00 - $34,744
Profit Sharing $125 - $5,142
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).
)
$34,845 - $72,727
  • Country: United States
  • Currency: USD
  • Updated: 8 Feb 2019
  • Individuals Reporting: 1,196

Job Description for Credit Analyst

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. He or she will usually work indoors in an office environment. Credit analysts must have excellent communication skills, be great listeners, and be able to perform multiple tasks. Analysts can be employed by major banks, credit unions, investment management groups, and the U.S. Department of State, to name a few. They usually work Monday through Friday, but this can change. If an analyst is working on a major case decision for a corporation, for example, work outside of normal hours may be required. Credit analysts not only make decisions on credit worthiness; they also recommend steps to improve credit ratings. Customers can range from corporations to individuals trying to secure a loan. This is a professional, white-collar job. There is a high demand and growth opportunities for credit analysts because the economy is constantly changing. (Copyright 2019 PayScale.com)

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.

Credit Analyst Pay By Employer

$0$112K

U.S. Bank
29 profiles
$61,321

$62,249

$60,476

$70,042

Farm Credit
14 profiles
$48,157

Wells Fargo Bank
13 profiles
$60,061

Comerica Bank
9 profiles
$49,855

$59,780

$64,265

$45,093

Common Career Paths for Credit Analyst


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Credit Analyst Job Listings

Popular Skills for Credit Analyst

Pay by Experience Level for Credit Analyst

Pay by Experience for a Credit Analyst has a positive trend. An entry-level Credit Analyst with less than 5 years of experience can expect to earn an average total compensation of $45,000 based on 1,788 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Credit Analyst with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $53,000 based on 446 salaries. An experienced Credit Analyst which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $54,000 based on 334 salaries. A Credit Analyst with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $55,000 based on 122 salaries.

Pay Difference by Location

National Average: $48,294

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

Credit Analyst Reviews

Q: What is it like working as a Credit Analyst?

Credit Analyst in Minneapolis:
Pros: Customers; manager; type of work.
Cons: Not always challenging; stagnant.

Credit Analyst in Jasper:
"Be Conservative."
Learn as much about accounting as possible and err on the conservative side.

Credit Analyst in Tempe:
"Credit Risk Responsibilities."
Be prepared to make good solid decisions, analysizing cred cards and how debt to income affects co's bottom line/risk of bank reputations/economy.

Credit Analyst in Fargo:
"Review."
Pros: -Coworkers: good, respectful rapport with lenders and other analysts. -Job function: I enjoy working through commercial credits and identifying the good, the bad, and the ugly in underlying credits. -Company: I feel respected and appreciated by upper
Cons: -Sedentary work style: one of the few things I dislike comes natural with a "desk job" and that is just sitting all day.

Credit Analyst in Miami:
"Great Learning Experience; Interesting Job."
Pros: Degree of autonomy in my responsibilities. Great Team around me. Ability to learn ins and outs of multiple industries. Good working experience. Hands on management that always looks to help and improve. Challenging and interesting job functions.
Cons: Long hours. Long commute from where I live. Limited upward mobility. Salary.

Credit Analyst in Fairfield:
"EXTREMLY HARD WORKING AND EFFICIENT."
Pros: ATMOSPHERE.
Cons: PAY.

Credit Analyst in Chicago:
"Communication."
Communication is a strong key, pro-active, self dedicated and a team player.

Related Job Salaries

Key Stats for Credit Analyst

Gender

Female
41 %
Male
59 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 828 votes.
Less than 1 year
12%
1-4 years
56%
5-9 years
14%
10-19 years
12%
20 years or more
6%

Experience Affects Credit Analyst Salaries

▲13%

▲11%

▲9%

National Average
$48,000

▼7%

Skills That Affect Credit Analyst Salaries

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 828 votes.

Gender

Female
41 %
Male
59 %

Years of Experience

Less than 1 year
12%
1-4 years
56%
5-9 years
14%
10-19 years
12%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 80%
vision benefits
Vision: 69%
no benefits
None: 10%