How much does a Credit Analyst make?
A Credit Analyst plays a key role in assessing the financial health of individuals and businesses. This role involves analyzing financial data to determine creditworthiness. The average yearly salary for a Credit Analyst is around $82,420. This figure can vary based on experience, location, and the specific industry.
The salary range for Credit Analysts can be quite broad. The lowest 10% earn about $40,280, while the top 10% earn over $170,000 annually. Most analysts fall somewhere in the middle, with salaries ranging from $52,073 to $158,207. This range shows that there are good opportunities for growth and advancement in this field. Factors like education, certifications, and years of experience can also impact earning potential.
What are the highest paying cities for a Credit Analyst?

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San Antonio, TX
Average Salary: $115,415
In San Antonio, professionals assess credit risks for businesses and individuals. The city's diverse economy offers many opportunities. Companies like Frost Bank and USAA provide stable environments.
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Washington, DC
Average Salary: $114,823
Working in Washington, DC, involves analyzing credit for various sectors. The political and financial hub offers many job options. Firms like Capital One and Fannie Mae are prominent employers.
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Boston, MA
Average Salary: $113,959
Boston offers a dynamic environment for credit analysts. The city's strong financial sector provides many opportunities. Companies like State Street and Fidelity Investments are well-known.
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San Francisco, CA
Average Salary: $109,876
In San Francisco, credit analysts work in a tech-driven financial landscape. The city's innovative companies offer unique challenges. Firms like Goldman Sachs and JPMorgan Chase are major employers.
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Baltimore, MD
Average Salary: $108,628
Baltimore provides a balanced environment for credit analysts. The city's mix of industries offers diverse opportunities. Companies like T. Rowe Price and Under Armour provide stable careers.
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Minneapolis, MN
Average Salary: $106,716
Minneapolis offers a friendly atmosphere for credit analysts. The city's strong financial institutions provide many job options. Companies like U.S. Bank and Target Corporation are well-regarded.
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Portland, OR
Average Salary: $105,623
In Portland, credit analysts enjoy a vibrant community. The city's growing tech sector offers many opportunities. Companies like Nike and Providence Health & Services are prominent employers.
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Knoxville, TN
Average Salary: $104,623
Knoxville provides a supportive environment for credit analysts. The city's strong educational institutions offer many job options. Companies like Eastman Chemical and Pilot Flying J are well-known.
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Charlotte, NC
Average Salary: $101,556
Charlotte offers a thriving financial sector for credit analysts. The city is a banking hub with many opportunities. Companies like Bank of America and Wells Fargo are major employers.
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Milwaukee, WI
Average Salary: $100,937
In Milwaukee, credit analysts work in a diverse economic environment. The city's strong manufacturing sector offers many job options. Companies like Northwestern Mutual and Harley-Davidson are well-regarded.
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What are the best companies a Credit Analyst can work for?

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Intuit
Average Salary: $197,227
Intuit offers competitive salaries for Credit Analysts. They focus on financial software and services. Intuit operates globally, with major offices in the U.S., Canada, and the U.K.
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USAA
Average Salary: $154,497
USAA provides excellent benefits for Credit Analysts. They specialize in financial services for military members and their families. USAA has branches across the U.S.
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Huntington Bank
Average Salary: $145,824
Huntington Bank offers attractive salaries for Credit Analysts. They focus on personal and business banking. Huntington Bank operates in several states, including Ohio and Indiana.
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Wells Fargo
Average Salary: $136,819
Wells Fargo provides good compensation for Credit Analysts. They offer a wide range of financial services. Wells Fargo has branches nationwide.
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Fitch Ratings
Average Salary: $123,214
Fitch Ratings offers competitive pay for Credit Analysts. They provide credit ratings and research. Fitch Ratings operates globally, with offices in the U.S., Europe, and Asia.
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Citi
Average Salary: $108,259
Citi offers solid salaries for Credit Analysts. They focus on banking and financial services. Citi has branches worldwide, including the U.S., Europe, and Asia.
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U.S. Bank
Average Salary: $106,916
U.S. Bank provides good compensation for Credit Analysts. They offer a variety of banking services. U.S. Bank operates in several states across the U.S.
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The Provident Bank of New Jersey
Average Salary: $96,432
The Provident Bank of New Jersey offers fair salaries for Credit Analysts. They focus on personal and business banking. The bank operates in New Jersey.
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Fifth Third Bank
Average Salary: $94,708
Fifth Third Bank provides good pay for Credit Analysts. They offer banking and financial services. Fifth Third Bank operates in several states, including Ohio and Michigan.
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AgWest Farm Credit
Average Salary: $86,788
AgWest Farm Credit offers competitive salaries for Credit Analysts. They focus on agricultural lending. AgWest Farm Credit operates in several states, including California and Arizona.
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 requires a keen eye for detail and a solid understanding of financial principles. To increase earning potential, consider these factors that can enhance your career as a Credit Analyst.
First, gaining relevant certifications can significantly boost your salary. Certifications such as the Certified Credit Expert (CCE) or the Financial Risk Manager (FRM) demonstrate your expertise and commitment to the field. These credentials can make you more attractive to employers and open up higher-paying opportunities. Second, accumulating more experience in the field can lead to higher earnings. Each year of experience brings new skills and insights that can command a higher salary. Third, specializing in a niche area can also increase your earning potential. Focusing on industries like healthcare, real estate, or automotive can make you a sought-after expert. Fourth, improving your analytical skills can lead to better job performance and higher pay. Proficiency in data analysis and financial modeling can set you apart from your peers. Lastly, networking within the industry can uncover higher-paying job opportunities. Attending industry conferences and joining professional organizations can help you connect with potential employers and learn about salary trends.
By focusing on these factors, a Credit Analyst can enhance their career and increase their earning potential. Certifications, experience, specialization, analytical skills, and networking all play a crucial role in achieving higher pay.
- Gain relevant certifications
- Accumulate more experience
- Specialize in a niche area
- Improve analytical skills
- Network within the industry



