How much does a Credit Analyst make in Philadelphia, PA?
In Philadelphia, PA, a Credit Analyst can expect to earn a competitive salary. On average, these professionals make about $92,908 per year. This figure can vary based on experience, company, and other factors. For example, someone with just a few years of experience might start at around $46,000. Meanwhile, a seasoned analyst can earn upwards of $120,000.
The salary distribution provides a clearer picture of what to expect. Around 2.5% of analysts earn the least, about $46,000. About 5% make around $53,400, while another 5% earn approximately $60,800. The middle 50% of analysts make between $68,200 and $105,200. A small percentage, around 2.5%, earn more than $120,000. These figures show the range and potential for growth in this field.
What are the highest paying cities for a Credit Analyst near Philadelphia, PA?

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New York, NY
Average Salary: $119,668
In New York City, you’ll find a bustling financial environment. Companies like JPMorgan Chase and Goldman Sachs offer excellent opportunities. The fast pace and high stakes make for a dynamic experience.
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Baltimore, MD
Average Salary: $118,006
Baltimore's financial sector is growing steadily. With institutions such as T. Rowe Price, you’ll get solid experience. The city’s cost of living is lower than New York, making it a practical choice.
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Wilmington, DE
Average Salary: $117,612
Wilmington boasts a strong financial industry, anchored by companies like Bank of America. It’s a smaller city with a close-knit community. You’ll enjoy a good balance of work and leisure.
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Washington, DC
Average Salary: $114,832
Washington, DC, is home to numerous federal agencies and financial firms. Working with organizations like Freddie Mac, you'll gain valuable experience. The city’s vibrant culture enhances your professional life.
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Mount Laurel, NJ
Average Salary: $73,452
In Mount Laurel, you can find stability with companies like Capital One. The area offers a quieter lifestyle compared to larger cities. It’s an excellent place to build your career with a good work-life balance.
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Trenton, NJ
Average Salary: $70,875
Trenton is a smaller city with a significant financial sector presence. With companies like Prudential, you’ll find stable opportunities. It’s an ideal place to advance your career in finance.
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Pittsburgh, PA
Average Salary: $63,391
Pittsburgh’s financial scene is on the rise, with firms like PNC Financial Services. The city’s rich history and lower cost of living make it appealing. You’ll enjoy a supportive professional community.
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What are the best paying companies for a Credit Analyst in Philadelphia, PA?

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U.S. Bank
Average Salary: $111,449
U.S. Bank offers competitive salaries for Credit Analysts. They operate across multiple locations in Philadelphia. These professionals assess credit risks, analyze financial statements, and recommend lending decisions. Opportunities exist for career growth and skill development in various branches within the city.
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M&T Bank
Average Salary: $89,466
M&T Bank provides attractive salary packages for Credit Analysts in Philadelphia. This role involves evaluating credit applications, monitoring financial conditions, and ensuring compliance with regulatory standards. The bank has several branches around the city, offering diverse work environments and a strong community presence.
What are the best paying Credit Analyst related jobs in Philadelphia, PA?

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Credit Manager
Average Salary: $138,093
This role involves overseeing credit risk management for a company. It includes setting credit policies and analyzing financial data. Top companies in Philadelphia offering these roles include local banks and financial institutions.
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Portfolio Manager
Average Salary: $130,172
Portfolio Managers handle investment portfolios. They assess risk and return to maximize profits. Firms in Philadelphia, including investment banks and financial advisory firms, seek professionals for these positions.
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Underwriter
Average Salary: $121,831
Underwriters evaluate potential risks for insurance or lending. They decide on the terms of coverage or loans. Local insurance companies and banks in Philadelphia hire Underwriters to assess creditworthiness.
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Credit Representative
Average Salary: $111,271
Credit Representatives communicate with customers to discuss credit terms. They help customers apply for credit and manage their accounts. Companies in Philadelphia, like financial services firms, hire Credit Representatives for this role.
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Business Analyst
Average Salary: $97,235
Business Analysts review financial data and market trends. They use this information to help businesses make strategic decisions. Organizations in Philadelphia, especially in finance and technology, look for skilled Business Analysts.
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Risk Analyst
Average Salary: $93,555
Risk Analysts assess and manage financial risks for businesses. They identify potential threats and suggest ways to minimize them. Companies in the banking and finance sectors in Philadelphia hire Risk Analysts to protect their assets.
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Business Intelligence Analyst
Average Salary: $92,344
Business Intelligence Analysts gather and interpret data. They provide insights to help companies make better decisions. Firms in Philadelphia, such as tech companies and financial firms, employ Business Intelligence Analysts for their data analysis skills.
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Data Analyst
Average Salary: $85,668
Data Analysts collect and analyze data to help businesses understand trends. They work with both financial and operational data. In Philadelphia, companies in various industries, including finance and retail, need Data Analysts for their insights.
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Compliance Analyst
Average Salary: $75,923
Compliance Analysts ensure that companies follow laws and regulations. They review policies and procedures to prevent legal issues. Philadelphia-based firms, especially in finance, hire Compliance Analysts to maintain regulatory compliance.
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Collections Specialist
Average Salary: $43,936
Collections Specialists recover overdue debts. They contact customers and negotiate payment terms. Local firms in Philadelphia, like financial services companies, need Collections Specialists to manage their accounts.
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