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Salary

How much does a Credit Analyst make?

The average salary for a Credit Analyst is $83,064 per year in the US.

A Credit Analyst plays a key role in assessing the creditworthiness of individuals and businesses. This role is vital for financial institutions and businesses to make informed lending decisions. The average yearly salary for a Credit Analyst is $83,064. This figure can vary based on experience, location, and the specific industry.


Credit Analysts often start with a salary around $40,280. With experience, this can grow significantly. For those in the top 10% of earners, the salary can reach up to $167,500. Factors such as location, with cities like New York and San Francisco offering higher salaries, and industry, with financial services often paying more, can influence these figures.

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What are the highest paying cities for a Credit Analyst?

Credit analysts can find some of the best pay in Washington, DC, and Boston, MA. These cities offer top salaries for this role, making them attractive for job seekers. San Antonio, TX, and San Francisco, CA, also provide competitive wages for those in this field.
Graph displaying highest paying cities salaries for Credit Analyst jobs, highlighting Washington, DC with the highest at $114,823 and Charlotte, NC with the lowest at $100,355.
  1. Washington, DC
    Average Salary: $114,823
    In Washington, DC, professionals assess credit risks for businesses and individuals. They work with major financial institutions, including banks and credit unions. The city's political environment offers unique insights into financial regulations.
    Find Credit Analyst jobs in Washington, DC


  2. Boston, MA
    Average Salary: $114,020
    Boston offers a dynamic environment for credit analysts. They often work with tech companies and financial firms. The city's rich history in finance provides a solid backdrop for career growth.
    Find Credit Analyst jobs in Boston, MA


  3. San Antonio, TX
    Average Salary: $113,605
    San Antonio provides a stable job market for credit analysts. They work with local banks and large corporations. The city's growing economy offers many opportunities for advancement.
    Find Credit Analyst jobs in San Antonio, TX


  4. San Francisco, CA
    Average Salary: $110,413
    San Francisco is a hub for finance and technology. Credit analysts here often work with tech giants and innovative startups. The city's competitive market demands strong analytical skills.
    Find Credit Analyst jobs in San Francisco, CA


  5. Minneapolis, MN
    Average Salary: $106,888
    Minneapolis offers a friendly job market for credit analysts. They work with major financial institutions and local banks. The city's strong economy and quality of life make it an attractive place to work.
    Find Credit Analyst jobs in Minneapolis, MN


  6. Portland, OR
    Average Salary: $105,684
    Portland provides a vibrant environment for credit analysts. They work with a mix of local businesses and larger companies. The city's focus on sustainability and innovation offers unique career paths.
    Find Credit Analyst jobs in Portland, OR


  7. Knoxville, TN
    Average Salary: $104,623
    Knoxville offers a welcoming job market for credit analysts. They work with regional banks and local businesses. The city's lower cost of living and friendly community make it a great place to work.
    Find Credit Analyst jobs in Knoxville, TN


  8. Milwaukee, WI
    Average Salary: $100,937
    Milwaukee provides a solid job market for credit analysts. They work with local banks and financial institutions. The city's strong manufacturing sector offers diverse opportunities.
    Find Credit Analyst jobs in Milwaukee, WI


  9. Chicago, IL
    Average Salary: $100,818
    Chicago offers a bustling job market for credit analysts. They work with major financial institutions and corporations. The city's rich history in finance provides a solid foundation for career growth.
    Find Credit Analyst jobs in Chicago, IL


  10. Charlotte, NC
    Average Salary: $100,355
    Charlotte provides a growing job market for credit analysts. They work with major banks and financial firms. The city's strong economy and expanding tech sector offer many opportunities for advancement.
    Find Credit Analyst jobs in Charlotte, NC

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

Job seekers looking for top-paying roles as Credit Analysts should consider USAA, Huntington Bank, and Wells Fargo. These companies offer competitive salaries, with USAA leading at $155,270. Huntington Bank and Wells Fargo follow closely, providing average salaries of $145,824 and $136,819, respectively. These institutions value skilled Credit Analysts and offer attractive compensation packages.
Graph displaying best paying company salaries for Credit Analyst jobs, highlighting USAA with the highest at $155,270 and AgWest Farm Credit with the lowest at $87,604.
  1. USAA
    Average Salary: $155,270
    USAA offers competitive salaries for Credit Analysts. They focus on providing financial services to the military and their families. USAA operates across the United States, with major offices in San Antonio, Texas, and other key locations.


  2. Huntington Bank
    Average Salary: $145,824
    Huntington Bank provides attractive compensation for Credit Analysts. They serve customers in the Midwest and East Coast. Huntington Bank has branches in states like Ohio, Indiana, and Michigan.


  3. Wells Fargo
    Average Salary: $136,819
    Wells Fargo offers a strong salary for Credit Analysts. They are a leading financial institution with a nationwide presence. Wells Fargo operates in many states, including California, New York, and Texas.


  4. Fitch Ratings
    Average Salary: $121,875
    Fitch Ratings provides a competitive salary for Credit Analysts. They specialize in credit rating and analysis. Fitch Ratings has offices in major cities like New York, London, and Hong Kong.


  5. Santander
    Average Salary: $109,683
    Santander offers a good salary for Credit Analysts. They are a global financial services company. Santander operates in countries like Spain, the UK, and the United States.


  6. U.S. Bank
    Average Salary: $108,559
    U.S. Bank provides competitive pay for Credit Analysts. They serve customers across the United States. U.S. Bank has branches in states like Minnesota, Oregon, and California.


  7. Citi
    Average Salary: $106,059
    Citi offers a solid salary for Credit Analysts. They are a global bank with a presence in many countries. Citi operates in major financial hubs like New York, London, and Hong Kong.


  8. Fifth Third Bank
    Average Salary: $96,181
    Fifth Third Bank provides a fair salary for Credit Analysts. They serve customers in the Midwest and Southeast. Fifth Third Bank has branches in states like Ohio, Florida, and Michigan.


  9. The Provident Bank of New Jersey
    Average Salary: $95,688
    The Provident Bank of New Jersey offers a competitive salary for Credit Analysts. They focus on serving customers in New Jersey. The Provident Bank has branches throughout the state.


  10. AgWest Farm Credit
    Average Salary: $87,604
    AgWest Farm Credit provides a good salary for Credit Analysts. They specialize in agricultural lending. AgWest Farm Credit operates in states like California, Arizona, and Texas.

How to earn more as a Credit Analyst?

A Credit Analyst plays a key role in assessing the financial health of individuals and businesses. This role is crucial for helping companies make informed decisions about lending money. To earn more in this field, consider these factors that can boost your salary and career prospects.

First, gaining relevant certifications can significantly enhance your earning potential. Certifications such as the Certified Credit Expert (CCE) or the Financial Risk Manager (FRM) are highly valued. These credentials demonstrate your expertise and commitment to the profession. Second, accumulating more experience in the field can lead to higher-paying positions. Experienced analysts often have a deeper understanding of the industry and can handle more complex tasks. Third, specializing in a niche area, such as commercial lending or consumer credit, can make you more attractive to employers. Specialization allows you to become an expert in a specific field, which can command higher salaries. Fourth, improving your analytical skills can also increase your value. Strong analytical skills enable you to make more accurate assessments and recommendations. Finally, networking within the industry can open up opportunities for higher-paying jobs. Attending industry conferences and joining professional organizations can help you connect with potential employers and colleagues.

By focusing on these factors, a Credit Analyst can enhance their skills and increase their earning potential. Certifications, experience, specialization, analytical skills, and networking all play important roles in achieving higher salary levels.

  • Gain relevant certifications
  • Accumulate more experience
  • Specialize in a niche area
  • Improve analytical skills
  • Network within the industry

Currently 343 Credit Analyst job openings, nationwide.

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

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