How much does a Credit Analyst make in Chicago, IL?
A Credit Analyst in Chicago, IL, earns a competitive salary. On average, they make about $98,915 each year. This salary can vary based on experience and the specific company. Many analysts find this role rewarding, as it combines financial analysis with decision-making skills.
The salary range for Credit Analysts in Chicago can be quite broad. The lowest 10% earn around $52,000, while the top 10% earn over $170,000. This range shows that there are opportunities for growth and advancement. With experience, analysts can move up to higher-paying positions. This makes the role attractive for those looking to build a long-term career in finance.
What are the highest paying cities for a Credit Analyst near Chicago, IL?

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Schaumburg, IL
Average Salary: $72,108
Schaumburg offers a dynamic environment for financial professionals. With companies like Allstate and Motorola Solutions, opportunities abound. The area's strong economy supports a steady demand for skilled analysts.
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Naperville, IL
Average Salary: $64,396
Naperville is a hub for finance and technology. Major firms like Caterpillar and Exelon provide excellent career growth. The city's business-friendly atmosphere makes it ideal for those in the credit field.
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Orland Park, IL
Average Salary: $55,000
Orland Park features a mix of industries, offering diverse opportunities. Companies like Toyota and United Airlines look for sharp analysts. The community's support for local businesses creates a stable job market.
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Waukegan, IL
Average Salary: $50,000
Waukegan provides a mix of opportunities in finance and manufacturing. Companies such as Panduit and Walgreens offer solid roles. The city's growing economy ensures a steady need for credit professionals.
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What are the best paying companies for a Credit Analyst in Chicago, IL?

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Huntington Bank
Average Salary: $190,000
Huntington Bank offers competitive salaries for Credit Analysts. They focus on providing financial services to individuals and businesses. The company operates branches across the Midwest, including in Chicago.
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Fitch Ratings
Average Salary: $125,000
Fitch Ratings is a leading global provider of credit ratings and research. Credit Analysts at Fitch Ratings assess the creditworthiness of companies and governments. The company has offices in Chicago, providing a dynamic environment for professionals.
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U.S. Bank
Average Salary: $108,636
U.S. Bank offers a solid salary for Credit Analysts. They provide a wide range of financial services to individuals and businesses. With multiple locations in Chicago, U.S. Bank offers diverse opportunities for career growth.
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Fifth Third Bank
Average Salary: $86,200
Fifth Third Bank offers a good salary for Credit Analysts. They focus on delivering banking services to customers. The company has branches throughout the Midwest, including Chicago, offering a stable work environment.
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BMO US
Average Salary: $75,600
BMO US provides a competitive salary for Credit Analysts. They offer a range of financial services to individuals and businesses. With offices in Chicago, BMO US provides a supportive workplace for professionals.
What are the best paying Credit Analyst related jobs in Chicago, IL?

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Portfolio Manager
Average Salary: $136,667
This role involves overseeing a collection of financial assets. Managers work with clients to create and maintain investment portfolios. They analyze market trends and make decisions to maximize returns. Companies like JPMorgan Chase and Goldman Sachs often seek these professionals.
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Credit Manager
Average Salary: $125,681
Credit managers assess the creditworthiness of clients. They review financial statements and credit reports. These professionals work to ensure that companies extend credit responsibly. Firms such as Bank of America and Citibank hire these experts.
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Underwriter
Average Salary: $113,723
Underwriters evaluate the risk of insuring clients. They review applications and assess potential risks. This role requires a strong understanding of financial data. Companies like Allstate and State Farm often look for skilled underwriters.
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Business Intelligence Analyst
Average Salary: $106,259
These analysts gather and interpret data to help companies make decisions. They create reports and dashboards to present data clearly. Firms such as IBM and Accenture hire these professionals. They use data to improve business strategies.
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Risk Analyst
Average Salary: $97,670
Risk analysts identify and assess potential risks. They develop strategies to mitigate these risks. This role is crucial for financial institutions. Companies like Wells Fargo and Citigroup often seek these experts.
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Business Analyst
Average Salary: $96,117
Business analysts study an organization's processes and systems. They identify areas for improvement. These professionals work closely with different departments. Companies like Deloitte and PwC hire these experts to enhance efficiency.
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Compliance Analyst
Average Salary: $88,606
Compliance analysts ensure that companies follow laws and regulations. They review policies and procedures. This role is vital for maintaining legal standards. Firms like JPMorgan Chase and Goldman Sachs often look for these professionals.
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Data Analyst
Average Salary: $81,500
Data analysts collect and interpret data. They create reports to help companies make informed decisions. This role requires strong analytical skills. Companies like Amazon and Google hire these experts for their data insights.
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Credit Representative
Average Salary: $77,070
Credit representatives interact with clients to discuss credit options. They explain terms and conditions. This role involves strong communication skills. Companies like Capital One and Discover Financial Services often seek these professionals.
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Collections Specialist
Average Salary: $50,077
Collections specialists work to recover overdue payments. They contact clients and negotiate payment plans. This role requires persistence and strong negotiation skills. Firms like Synchrony Financial and American Express often hire these professionals.
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