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How much does a Commercial Credit Analyst make?

The average salary for a Commercial Credit Analyst is $101,000 per year in the US.

A Commercial Credit Analyst plays a key role in reviewing and approving credit for businesses. This job requires strong analytical skills and an understanding of financial health. The average yearly salary for this role is around $101,000. This figure can vary based on experience, location, and industry.

The salary range for Commercial Credit Analysts can be quite broad. Entry-level analysts often start at around $50,000 per year. With more experience, salaries can rise significantly. At the higher end of the scale, seasoned analysts can earn upwards of $154,000 annually. Mid-level professionals typically earn between $64,866 and $79,732 each year. As analysts gain more expertise, their earnings increase accordingly. The highest earners in this field make close to $213,525 per year.

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What are the highest paying cities for a Commercial Credit Analyst?

Commercial Credit Analysts often find the highest paying job opportunities in major cities. Los Angeles, CA, offers an average salary of $151,077, making it one of the top earners. Other cities like Boston, MA, and Chicago, IL, also provide competitive salaries, with averages around $142,665 and $132,253, respectively. Exploring cities like Charlotte, NC, Buffalo, NY, Atlanta, GA, and Denver, CO, also presents attractive salary options for this profession. Charlotte stands out with an average salary of $118,644, while Buffalo offers $116,018. Atlanta provides $99,699, and Denver's average salary reaches $94,655.
Graph displaying highest paying cities salaries for Commercial Credit Analyst jobs, highlighting Los Angeles, CA with the highest at $151,077 and Denver, CO with the lowest at $94,655.
  1. Los Angeles, CA
    Average Salary: $151,077
    In Los Angeles, professionals in this role assess credit risk for businesses in a diverse economy. Major corporations like The Walt Disney Company and Sony offer many opportunities for growth and development.
    Find Commercial Credit Analyst jobs in Los Angeles, CA


  2. Boston, MA
    Average Salary: $142,665
    Boston provides a dynamic environment for credit analysts. With companies like Liberty Mutual and Biogen nearby, experts here evaluate credit applications with a focus on the region's robust biotech and finance sectors.
    Find Commercial Credit Analyst jobs in Boston, MA


  3. Chicago, IL
    Average Salary: $132,253
    Chicago is home to a thriving job market for credit analysts. Workers here assess credit for businesses with a mix of industries, including finance and manufacturing, at companies such as Boeing and Allstate.
    Find Commercial Credit Analyst jobs in Chicago, IL


  4. Charlotte, NC
    Average Salary: $118,644
    Charlotte offers a strong banking sector, making it a great place for credit analysts. Financial giants like Wells Fargo and Bank of America look for professionals to manage their commercial credit portfolios.
    Find Commercial Credit Analyst jobs in Charlotte, NC


  5. Buffalo, NY
    Average Salary: $116,018
    Buffalo's business environment focuses on manufacturing and healthcare, creating opportunities for credit analysts. Companies like Moog and Highmark Health need experts to evaluate credit for regional businesses.
    Find Commercial Credit Analyst jobs in Buffalo, NY


  6. Atlanta, GA
    Average Salary: $99,699
    Atlanta’s diverse economy, including strong sectors in logistics and technology, provides many opportunities. Companies like Coca-Cola and Delta Air Lines require credit analysts to assess business creditworthiness.
    Find Commercial Credit Analyst jobs in Atlanta, GA


  7. Denver, CO
    Average Salary: $94,655
    Denver’s growing tech scene offers exciting prospects for credit analysts. Companies like Lockheed Martin and Denver International Airport need professionals to evaluate credit for local businesses.
    Find Commercial Credit Analyst jobs in Denver, CO

What are the best companies a Commercial Credit Analyst can work for?

U.S. Bank, Citi, and Bank of America lead in offering competitive salaries for Commercial Credit Analysts. A Commercial Credit Analyst can expect to earn around $160,730 annually at U.S. Bank, while Citi offers around $148,613 and Bank of America provides about $148,167. These top companies provide excellent benefits and growth opportunities for professionals in this field.
Graph displaying best paying company salaries for Commercial Credit Analyst jobs, highlighting U.S. Bank with the highest at $160,730 and The Provident Bank of New Jersey with the lowest at $78,150.
  1. U.S. Bank
    Average Salary: $160,730
    U.S. Bank offers rewarding Commercial Credit Analyst jobs. They focus on evaluating credit risks for businesses. They operate in many cities across the U.S., including Minneapolis, Phoenix, and New York.


  2. Citi
    Average Salary: $148,613
    Citi provides lucrative Commercial Credit Analyst positions. They work on assessing business creditworthiness. Their locations include major cities like New York, London, and Hong Kong.


  3. Bank of America
    Average Salary: $148,167
    Bank of America hires Commercial Credit Analysts for competitive salaries. They focus on risk management for business loans. They are present in key cities such as Charlotte, New York, and Los Angeles.


  4. M&T Bank
    Average Salary: $131,343
    M&T Bank offers Commercial Credit Analyst jobs with good pay. They work on evaluating credit risks for companies. They operate in cities like Buffalo, Baltimore, and Rochester.


  5. Altius Search Group
    Average Salary: $116,765
    Altius Search Group provides Commercial Credit Analyst positions with a strong salary. They focus on business credit evaluations. They work in various locations, including Boston and San Francisco.


  6. The Provident Bank of New Jersey
    Average Salary: $78,150
    The Provident Bank of New Jersey offers Commercial Credit Analyst jobs with a solid average salary. They specialize in credit risk assessment for businesses. They operate primarily in New Jersey, with a focus on northern New Jersey.

How to earn more as a Commercial Credit Analyst?

A Commercial Credit Analyst plays a key role in assessing the creditworthiness of businesses. This position requires a blend of analytical skills, market knowledge, and a keen eye for detail. Those who excel in this role often find themselves with the opportunity to earn more through various avenues. Here are key factors that can help increase earnings in this field.

Experience and expertise are primary factors that influence salary in this field. Professionals with more years in the industry often command higher salaries. Gaining certifications such as the Credit Risk Analyst (CRA) can also boost earning potential. Familiarity with different industries and markets adds value to a candidate, making them more attractive to potential employers. Building a strong network within the industry can open doors to higher-paying opportunities. Lastly, continuously updating skills and knowledge through training and education remains vital for career advancement.

Consider these strategies to enhance earning potential:

  1. Gain relevant certifications
  2. Build industry experience
  3. Develop a broad market knowledge
  4. Network effectively
  5. Stay updated with continuous education

Currently 254 Commercial Credit Analyst job openings, nationwide.

How's the job market for a Commercial Credit Analyst in the US?

Learn what a Commercial Credit Analyst does, how to become one, and understand the job outlook. Get simple steps to start your career as a Commercial Credit Analyst today.
Position
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Commercial Credit Analyst
254 Job Openings