Credit Analyst Credit Analyst Salary in Chicago, IL

Credit Analyst Salary in Chicago, IL

Updated on Oct 10, 2026
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Salary

How much does a Credit Analyst make in Chicago, IL?

The average salary for a Credit Analyst is $103,533 per year in Chicago, IL.
Yearly
Monthly
Weekly
Hourly
Graph depicting the yearly salary distribution for Credit Analyst jobs in Chicago, IL, showing an average salary of $103,533 with varying distribution percentages across salary ranges.
Graph depicting the monthly salary distribution for Credit Analyst jobs in Chicago, IL, showing an average salary of $8,628 with varying distribution percentages across salary ranges.
Graph depicting the weekly salary distribution for Credit Analyst jobs in Chicago, IL, showing an average salary of $1,991 with varying distribution percentages across salary ranges.
Graph depicting the hourly salary distribution for Credit Analyst jobs in Chicago, IL, showing an average salary of $50 with varying distribution percentages across salary ranges.

In Chicago, IL, a Credit Analyst earns an average yearly salary of about $103,533. This salary reflects the vital role Credit Analysts play in assessing the creditworthiness of businesses and individuals. They use financial data to help companies decide who to lend money to and how much. This job is highly valued because it helps to keep financial institutions stable and sound.


The salary for Credit Analysts can vary based on their experience and skills. Here is a look at the salary distribution:

  • 14.30% earn between $62,500 and $75,000.
  • 21.45% earn between $75,000 and $87,500.
  • 14.30% earn between $87,500 and $100,000.
  • 12.26% earn between $100,000 and $112,500.
  • 12.26% earn between $112,500 and $125,000.
  • 7.66% earn between $125,000 and $137,500.
  • 1.53% earn between $137,500 and $150,000.
  • 6.64% earn between $150,000 and $162,500.
  • 2.04% earn between $162,500 and $175,000.
  • 1.02% earn between $175,000 and $187,500.
  • 1.53% earn between $187,500 and $200,000.
This range shows that with experience, a Credit Analyst can expect to see their salary increase.

Credit Analyst jobs in Chicago, IL
View all Credit Analyst jobs in Chicago, IL

What are the highest paying cities for a Credit Analyst near Chicago, IL?

Job seekers looking for Credit Analyst roles near Chicago, IL, should consider Naperville, IL, where the average salary is $81,501. Aurora, IL, offers a close second with an average salary of $81,412. For those willing to commute, Schaumburg, IL, provides a strong option with an average salary of $77,440. These cities offer attractive compensation packages, making them ideal locations for Credit Analysts. Waukegan, IL, also provides opportunities, with an average salary of $55,462. While lower than the top three cities, it still offers competitive wages. Job seekers can find lucrative career prospects in these areas with the right skills and experience.
Graph displaying highest paying cities salaries for Credit Analyst jobs near Chicago, IL, highlighting Naperville, IL with the highest at $81,501 and Waukegan, IL with the lowest at $55,462.

  1. Naperville, IL
    Average Salary: $81,501
    Naperville offers a vibrant job market for financial professionals. You will find numerous opportunities with companies like Exela Technologies and Ferris State University. The city’s economic growth provides stability and potential for career advancement.
    Find Credit Analyst jobs in Naperville, IL


  2. Aurora, IL
    Average Salary: $81,412
    In Aurora, financial experts thrive in a dynamic environment. Key employers like Caterpillar Inc. and OSF HealthCare present excellent chances to apply your skills. The city’s diverse economy ensures a steady demand for credit analysis.
    Find Credit Analyst jobs in Aurora, IL


  3. Schaumburg, IL
    Average Salary: $77,440
    Schaumburg is a hub for financial services, offering a competitive landscape for credit professionals. Companies such as Allstate and Commonwealth Edison provide robust platforms for growth. The area's economic resilience makes it an attractive place to build a career.
    Find Credit Analyst jobs in Schaumburg, IL


  4. Waukegan, IL
    Average Salary: $55,462
    Waukegan presents a unique setting for credit analysts, with local firms needing skilled professionals. Working here means collaborating with businesses that value financial expertise. The city’s supportive business environment fosters career development.
    Find Credit Analyst jobs in Waukegan, IL

What are the best paying companies for a Credit Analyst in Chicago, IL?

Credit analysts in Chicago have access to top-tier opportunities with some of the highest-paying companies in the industry. Fitch Ratings offers the most competitive average salary, with experts earning over $136,000 per year. Other notable employers include Huntington National Bank and Alliant Credit Union, where credit analysts can expect strong compensation packages. Leading firms like U.S. Bank, JPMorgan Chase, and Bank of America also provide attractive salaries for credit analysts in Chicago. These companies value skilled professionals and offer comprehensive benefits and growth opportunities. Candidates should explore these firms to find the best match for their career aspirations.
Graph displaying best paying company salaries for Credit Analyst jobs in Chicago, IL, highlighting Fitch Ratings with the highest at $136,222 and BMO U.S. with the lowest at $76,700.

  1. Fitch Ratings
    Average Salary: $136,222
    Fitch Ratings, headquartered in Chicago, is a leading global provider of credit ratings, research, and analysis. Credit Analysts at Fitch Ratings evaluate the financial strength of governments and corporations. They assess economic and industry conditions to determine credit risks. This role offers opportunities to work in various locations, including New York and London, making it a great choice for those interested in international finance.


  2. Huntington National Bank
    Average Salary: $125,515
    Huntington National Bank, based in Columbus, Ohio, but with significant presence in Chicago, provides a variety of financial services including personal and commercial banking. Credit Analysts at Huntington evaluate loan applications and manage credit risks. They work closely with clients to understand their financial situations. This role allows for career growth and the chance to influence financial policies.


  3. Alliant Credit Union
    Average Salary: $114,760
    Alliant Credit Union, headquartered in Chicago, is a member-owned financial cooperative. Credit Analysts at Alliant review loan applications and manage credit risks. They focus on maintaining high standards of customer service. This role offers a collaborative work environment and opportunities to advance in the financial sector.


  4. U.S. Bank
    Average Salary: $109,430
    U.S. Bank, with its national footprint and strong presence in Chicago, offers Credit Analysts a chance to work in a dynamic financial institution. Analysts here evaluate credit risks and manage loan portfolios. They use advanced tools and data to make informed decisions. This role provides stability and the chance to grow in a reputable company.


  5. SYNCHRONY FINANCIAL EMPLOYEES HEALTH SERVICES
    Average Salary: $109,071
    SYNCHRONY FINANCIAL EMPLOYEES HEALTH SERVICES, based in Stamford, Connecticut, but with offices in Chicago, focuses on providing health benefits to financial industry employees. Credit Analysts in this company assess financial health and credit risks. They play a crucial role in ensuring the financial stability of the organization. This role offers a unique industry perspective and opportunities for professional development.


  6. Morningstar
    Average Salary: $106,225
    Morningstar, located in Chicago, is a research firm known for its investment data and analysis. Credit Analysts at Morningstar evaluate financial data to provide investment insights. They work in a collaborative environment that values innovation. This role offers the chance to contribute to the financial industry with data-driven decisions.


  7. JPMorganChase
    Average Salary: $103,700
    JPMorganChase, a global financial services firm with headquarters in New York and significant operations in Chicago, offers Credit Analysts a chance to work in a leading bank. They analyze credit data and manage loan portfolios. This role provides opportunities for professional growth and global experience.


  8. Bank of America
    Average Salary: $90,833
    Bank of America, with its global presence and strong local operations in Chicago, provides a stable platform for Credit Analysts. They assess credit risks and manage loan portfolios. This role offers career advancement and the chance to work in a reputable financial institution.


  9. Fifth Third Bank
    Average Salary: $89,306
    Fifth Third Bank, headquartered in Cincinnati, but with a strong presence in Chicago, offers Credit Analysts a chance to work in a community-focused financial institution. They evaluate credit risks and manage loan portfolios. This role provides opportunities for career growth and community involvement.


  10. BMO U.S.
    Average Salary: $76,700
    BMO U.S., based in Chicago, is a part of BMO Financial Group, one of the largest banks in North America. Credit Analysts at BMO U.S. assess credit risks and manage loan portfolios. They work in a supportive environment that values teamwork. This role offers stability and the chance to work in a reputable financial institution.

Currently 484 Credit Analyst job openings, nationwide.

View Credit Analyst Jobs in Chicago, IL

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