How much does a Credit Analyst make?
If you are interested in becoming a Credit Analyst, it is important to understand how much you might earn. Credit Analysts look at data to decide if someone can borrow money. They check financial information to assess the risk involved in lending money. The average yearly salary for a Credit Analyst is around $80,403. This means that most Credit Analysts earn somewhere in this range each year.
The salary for a Credit Analyst can vary based on several factors. Here are some common salary ranges:
- The lowest 10% earn about $40,000 a year.
- The middle 50% earn between $51,914 and $123,395 a year.
- The highest 10% earn over $135,309 a year.
What are the highest paying cities for a Credit Analyst?

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San Antonio, TX
Average Salary: $128,766
In San Antonio, financial analysts assess credit risks and manage lending portfolios for major banks and financial firms. The city’s diverse economy offers many opportunities for growth and career advancement.
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Washington, DC
Average Salary: $113,678
Washington, DC, offers analysts a chance to work with government agencies and large financial institutions. The city's prominent finance sector provides a dynamic environment for those in credit analysis.
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Portland, OR
Average Salary: $110,369
Portland's growing tech scene and established finance sector create a unique landscape for credit analysts. Companies here value strong analytical skills and a keen eye for detail.
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Baltimore, MD
Average Salary: $109,012
Baltimore provides a mix of job opportunities in finance and healthcare. Analysts here benefit from a supportive community and a variety of firms seeking skilled professionals.
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San Francisco, CA
Average Salary: $108,883
San Francisco is home to many tech giants and financial institutions. Credit analysts here work in a fast-paced environment, dealing with complex financial products and services.
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Boston, MA
Average Salary: $108,703
In Boston, financial analysts enjoy a rich history of finance and education. The city's prestigious institutions offer numerous career paths and opportunities for professional development.
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Minneapolis, MN
Average Salary: $107,946
Minneapolis offers a strong finance sector with prominent banks and financial services firms. The city's stable economy provides a solid foundation for credit analysts to build their careers.
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Knoxville, TN
Average Salary: $105,500
Knoxville's smaller size offers a close-knit community for professionals. Analysts here work with both local businesses and national firms, benefiting from a supportive work environment.
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Charlotte, NC
Average Salary: $103,450
Charlotte is known for its banking industry and offers many opportunities for credit analysts. The city's financial hub provides a vibrant setting for career growth and stability.
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Milwaukee, WI
Average Salary: $100,958
Milwaukee offers a mix of large corporations and local businesses. Analysts here enjoy a strong work ethic and a community that values financial expertise and reliability.
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What are the best companies a Credit Analyst can work for?

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Intuit
Average Salary: $193,803
Intuit offers top pay for Credit Analysts. Working in the financial technology sector, Intuit is known for its innovative approach to finance. With offices across the United States, Credit Analysts at Intuit play a key role in assessing and managing financial risks. Locations include Mountain View, California, and Tempe, Arizona.
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USAA
Average Salary: $147,660
USAA provides a competitive salary for Credit Analysts. As a leading provider of financial services to the military and their families, USAA values expertise in credit risk assessment. Credit Analysts can find opportunities in San Antonio, Texas, and other key locations across the U.S.
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Huntington Bank
Average Salary: $140,169
Huntington Bank offers attractive compensation for Credit Analysts. This community-focused bank has a strong reputation for financial stability. Credit Analysts work in various locations, including Columbus, Ohio, and Buffalo, New York, ensuring credit risk management across the region.
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Wells Fargo
Average Salary: $137,324
Wells Fargo provides a generous salary for Credit Analysts. Known for its extensive network and diverse financial services, Wells Fargo offers numerous opportunities for professionals. Credit Analysts work in major cities like San Francisco, California, and Charlotte, North Carolina.
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Fitch Ratings
Average Salary: $123,333
Fitch Ratings offers a solid pay package for Credit Analysts. This global credit rating agency values expertise in credit risk analysis. Credit Analysts can find roles in major financial hubs such as New York City, New York, and London, UK.
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Liberty Mutual Insurance
Average Salary: $119,731
Liberty Mutual Insurance provides a competitive salary for Credit Analysts. As a leading insurance company, Liberty Mutual focuses on financial security and risk management. Credit Analysts work in locations like Boston, Massachusetts, and Toronto, Canada.
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Morgan Stanley
Average Salary: $112,045
Morgan Stanley offers a strong salary for Credit Analysts. This investment bank has a reputation for financial innovation and stability. Credit Analysts can find opportunities in New York City, New York, and Hong Kong, China.
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U.S. Bank
Average Salary: $110,901
U.S. Bank provides a competitive salary for Credit Analysts. With a strong presence across the United States, U.S. Bank values expertise in credit risk management. Credit Analysts work in locations such as Minneapolis, Minnesota, and Phoenix, Arizona.
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Citi
Average Salary: $108,969
Citi offers a respectable salary for Credit Analysts. As a global bank, Citi emphasizes financial stability and risk management. Credit Analysts work in key locations like New York City, New York, and London, UK.
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FCS Financial
Average Salary: $99,705
FCS Financial provides a solid salary for Credit Analysts. This company focuses on financial services for a wide range of clients. Credit Analysts work in locations such as Boston, Massachusetts, and Chicago, Illinois.
How to earn more as a Credit Analyst?
Becoming a Credit Analyst can be a rewarding career, but to maximize your earnings, consider these key strategies:
First, gaining experience is essential. The more you know about credit analysis, the higher your earning potential. Analysts with several years of experience often earn more due to their expertise. Keep learning and stay updated with industry trends. Certifications can also boost your credibility and salary. Second, expanding your skill set can lead to higher pay. Specializing in areas like risk assessment or financial modeling can make you more valuable. Third, taking on leadership roles or managing larger teams can increase your salary. Being responsible for a team or project can demonstrate your ability to handle more complex tasks. Fourth, networking plays a crucial role. Building connections in the industry can open up higher-paying opportunities. Attend industry events and join professional groups to meet potential employers. Lastly, consider working for larger or more financially stable companies. These organizations often offer higher salaries and better benefits.
To see a significant increase in your earnings, focus on these factors:
- Gain experience and stay updated with industry trends.
- Specialize in areas like risk assessment or financial modeling.
- Take on leadership roles or manage larger teams.
- Network and build connections in the industry.
- Work for larger or more financially stable companies.



