The average salary for a Credit Analyst with Commercial Loans skills is $51,273.
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$39k - $72k
$507 - $8k
$497 - $5k
$37k - $75k
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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.…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.
Popular Employer Salaries for Credit Analyst
The top respondents for the job title Credit Analyst are from the companies U.S. Bank, Comerica Bank and Horicon Bank. Reported salaries are highest at U.S. Bank where the average pay is $72,000. Other companies that offer high salaries for this role include KeyBank and Bank of The West, earning around $63,000 and $60,500, respectively. First United Bank pays the lowest at around $40,452. Horicon Bank and First National Bank also pay on the lower end of the scale, paying $40,605 and $44,000, respectively.
Credit Analyst Job Listings
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Popular Skills for Credit Analyst
Skills in Financial Analysis, Loan Underwriting and Risk Management / Risk Control are correlated to pay that is above average. Skills that pay less than market rate include Credit Control and Microsoft Excel.
Pay by Experience Level for Credit Analyst
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 $45,549 based on 91 salaries. An early career Credit Analyst with 1-4 years of experience earns an average total compensation of $49,580 based on 744 salaries. A mid-career Credit Analyst with 5-9 years of experience earns an average total compensation of $58,571 based on 156 salaries. An experienced Credit Analyst with 10-19 years of experience earns an average total compensation of $66,706 based on 107 salaries. In their late career (20 years and higher), employees earn an average total compensation of $68,255.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Credit Analyst in their job title in San Diego, California earn an average of 18.6% more than the national average. These job titles also find higher than average salaries in Minneapolis, Minnesota (18.3% more) and New York, New York (16.8% more). The lowest salaries can be found in Houston, Texas (3.0% less).
Years of Experience
This data is based on 1,125 survey responses.
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