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Salary

How much does a Commercial Credit Analyst make?

The average salary for a Commercial Credit Analyst is $101,780 per year in the US.

A Commercial Credit Analyst plays an important role in reviewing businesses' financial health. This job involves assessing credit risks for companies, which can lead to various career opportunities and salary prospects. The average yearly salary for a Commercial Credit Analyst is around $101,780. This provides a good financial foundation for job seekers considering this career path.


The salary can vary based on experience, location, and company size. Entry-level analysts may start at around $50,000, while seasoned professionals can earn up to $213,525 annually. Here is a look at the salary distribution for commercial credit analysts:

  • 16.35% earn $50,000
  • 25.25% earn $64,866
  • 13.87% earn $79,732
  • 6.62% earn $94,598
  • 7.66% earn $109,464
  • 6.21% earn $124,330
  • 2.28% earn $139,195
  • 6.83% earn $154,061
  • 2.90% earn $168,927
  • 2.90% earn $183,793
  • 4.14% earn $198,659
  • 4.14% earn $213,525

This range shows that with more experience and expertise, a Commercial Credit Analyst can expect higher earnings. Job seekers should look for positions that offer growth and development opportunities to maximize their salary potential.

View Commercial Credit Analyst jobs nearby

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

For Commercial Credit Analysts, Los Angeles, Boston, and Chicago offer some of the highest salaries. Los Angeles tops the list with an average salary of around $142,000. Boston and Chicago follow closely, each providing average salaries near $142,000 and $132,000, respectively. Job seekers looking for the best pay may find these cities attractive for career opportunities.
Graph displaying highest paying cities salaries for Commercial Credit Analyst jobs, highlighting Los Angeles, CA with the highest at $142,487 and Denver, CO with the lowest at $94,655.
  1. Los Angeles, CA
    Average Salary: $142,487
    In Los Angeles, professionals assess credit risks for businesses within the bustling commercial landscape. With major companies like Sony Pictures and The Walt Disney Company present, analysts play a key role in financial decisions. The city's diverse economy offers numerous opportunities for growth.
    Find Commercial Credit Analyst jobs in Los Angeles, CA


  2. Boston, MA
    Average Salary: $141,647
    Boston offers a rich environment for credit analysts, with its strong presence of tech firms and financial institutions. Companies like Liberty Mutual and State Street Corporation require careful credit evaluations. The city's educational institutions also provide a talent pool for fresh graduates.
    Find Commercial Credit Analyst jobs in Boston, MA


  3. Chicago, IL
    Average Salary: $132,160
    Chicago is a hub for commerce, making it an excellent place for credit analysts. The city's rich industrial history supports numerous big businesses, including Boeing and McDonald's. Analysts here work with diverse clients, making each day dynamic and engaging.
    Find Commercial Credit Analyst jobs in Chicago, IL


  4. Charlotte, NC
    Average Salary: $122,343
    Charlotte is known as a financial center, home to giants like Bank of America. Analysts in Charlotte handle significant projects, assessing credit risks for a variety of companies. The city's growing business sector offers many chances for career advancement.
    Find Commercial Credit Analyst jobs in Charlotte, NC


  5. Buffalo, NY
    Average Salary: $108,592
    Buffalo offers a balanced lifestyle with a thriving business community. Companies like KeyBank and M&T Bank rely on analysts to make informed credit decisions. The city's lower cost of living makes it an attractive place for professionals seeking a good work-life balance.
    Find Commercial Credit Analyst jobs in Buffalo, NY


  6. Atlanta, GA
    Average Salary: $98,484
    Atlanta is a fast-growing city with a mix of industries, from tech startups to major corporations like Coca-Cola. Credit analysts here play a crucial role in the financial health of businesses. The city's business-friendly environment encourages professional development.
    Find Commercial Credit Analyst jobs in Atlanta, GA


  7. Denver, CO
    Average Salary: $94,655
    Denver provides a unique blend of urban life and outdoor activities. Companies such as Chipotle and Liberty Global depend on analysts to manage credit risks. The city's dynamic economy offers a range of opportunities for career growth and personal enjoyment.
    Find Commercial Credit Analyst jobs in Denver, CO

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

U.S. Bank leads the pack with an average salary of $160,730 for commercial credit analysts. Bank of America follows closely, offering $148,167 on average for the same role. Citi also provides a competitive salary of around $147,894, making these top choices for those seeking lucrative positions. Huntington Bank and M&T Bank are also strong contenders with average salaries of $136,545 and $127,555, respectively. Altius Search Group offers a respectable $116,765, while The Provident Bank of New Jersey rounds out the list with an average of $78,150.
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 attractive salaries for Commercial Credit Analysts. They work across major cities in the United States, providing a wide range of financial services. Analysts here focus on assessing the credit risk of commercial clients, helping the bank make informed lending decisions.


  2. Bank of America
    Average Salary: $148,167
    At Bank of America, Commercial Credit Analysts enjoy competitive salaries. The bank operates in numerous locations nationwide, including big cities and smaller towns. Analysts evaluate the creditworthiness of businesses, ensuring sound lending practices.


  3. Citi
    Average Salary: $147,894
    Citi provides high compensation for Commercial Credit Analysts. They have branches in major financial hubs across the globe. Analysts at Citi assess credit risks, develop credit policies, and monitor credit portfolios.


  4. Huntington Bank
    Average Salary: $136,545
    Huntington Bank offers attractive salaries for Commercial Credit Analysts. They serve communities in the Midwest and Mid-Atlantic regions. Analysts here focus on analyzing the financial health of businesses to manage credit risk effectively.


  5. M&T Bank
    Average Salary: $127,555
    M&T Bank provides good compensation for Commercial Credit Analysts. They are present in several states, particularly in the Northeast. Analysts evaluate business credit applications, manage credit portfolios, and ensure compliance with lending standards.


  6. Altius Search Group
    Average Salary: $116,765
    Altius Search Group offers competitive salaries for Commercial Credit Analysts. They work in various regions, helping businesses find the right talent. Analysts here focus on assessing credit risks and providing recommendations to their clients.


  7. The Provident Bank of New Jersey
    Average Salary: $78,150
    The Provident Bank of New Jersey offers salaries for Commercial Credit Analysts. They operate mainly in New Jersey and parts of New York. Analysts evaluate the creditworthiness of commercial clients, aiding in responsible lending practices.

How to earn more as a Commercial Credit Analyst?

A Commercial Credit Analyst helps businesses decide whom to lend money. They assess the credit risk of commercial clients. This job can lead to higher pay with the right skills and experience. Earning more depends on many factors. These factors include education, certifications, experience, and more. Here are some ways to increase earnings in this field.

First, earning a bachelor’s degree in finance, economics, or a related field can help. This education provides a solid foundation for understanding credit analysis. Next, gaining relevant certifications can boost a candidate’s knowledge and credibility. For example, the Certified Credit Expert (CCE) credential is highly valued in the industry. Another way to increase earnings is to gain experience in the field. Working in different roles within commercial credit analysis can provide a broader skill set. Networking with other professionals can also lead to job opportunities. Finally, staying updated on industry trends can help in making informed credit decisions. These actions can lead to higher pay and better job opportunities.

In summary, commercial credit analysts can earn more through education, certifications, experience, networking, and staying informed. These steps can help a job seeker advance their career and increase their income.

  • Earn a bachelor’s degree in finance or a related field.
  • Obtain relevant certifications such as Certified Credit Expert (CCE).
  • Gain experience in different roles within commercial credit analysis.
  • Network with other professionals in the industry.
  • Stay updated on industry trends and developments.

Currently 223 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
223 Job Openings