Credit Analyst Salaries

1. Boston, MA
   Average Salary: $118,578
   In Boston, financial firms thrive, offering many opportunities for those assessing credit risks. Companies like Fidelity Investments and State Street Corporation look for skilled analysts to help manage their portfolios.
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2. Washington, DC
   Average Salary: $117,372
   Washington, DC, is home to a mix of government and private sector firms. Analysts here often work with major banks and financial institutions, ensuring creditworthiness for various projects.
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3. San Francisco, CA
   Average Salary: $108,694
   San Francisco's tech-driven economy provides a unique environment for credit analysts. Working with companies like Goldman Sachs and Visa, professionals here analyze credit for a diverse range of clients.
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4. Minneapolis, MN
   Average Salary: $107,228
   Minneapolis offers a strong financial sector, with companies like U.S. Bank and Target Corporation needing analysts to evaluate credit risks. The city's business-friendly atmosphere supports career growth.
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5. San Antonio, TX
   Average Salary: $105,698
   San Antonio's growing economy provides opportunities for credit analysts. Local banks and financial institutions rely on professionals to assess credit for both businesses and individuals.
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6. Knoxville, TN
   Average Salary: $104,623
   Knoxville, with a mix of industries, offers a stable environment for credit analysts. Companies like Eastman Chemical Company and Pilot Corporation need skilled analysts to manage credit risks.
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7. Portland, OR
   Average Salary: $102,912
   Portland's vibrant economy includes many financial firms. Analysts here work with companies like Nike and Columbia Sportswear, assessing credit for a diverse client base.
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8. Chicago, IL
   Average Salary: $101,124
   Chicago's financial hub offers numerous opportunities for credit analysts. Major banks and financial institutions, such as JPMorgan Chase and Allstate, rely on professionals to evaluate credit risks.
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9. Milwaukee, WI
   Average Salary: $100,937
   Milwaukee's strong financial sector provides many opportunities for credit analysts. Local banks and financial firms need skilled professionals to manage credit risks effectively.
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10. Charlotte, NC
    Average Salary: $100,801
    Charlotte, known as a financial center, offers many opportunities for credit analysts. Companies like Bank of America and Wells Fargo depend on professionals to assess credit for their clients.
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1. Huntington Bank
   Average Salary: $165,532
   Huntington Bank offers competitive salaries for Credit Analysts. They work in various locations across the U.S., including Ohio, Indiana, and Michigan. The role involves analyzing credit data and making lending decisions for individuals and businesses.
   

   
   

2. USAA
   Average Salary: $163,401
   USAA provides a strong salary for Credit Analysts. They operate in many states, serving military members and their families. The job involves assessing credit risks and making lending decisions. USAA values teamwork and customer service.
   

   
   

3. Wells Fargo
   Average Salary: $132,126
   Wells Fargo offers a good salary for Credit Analysts. They have branches nationwide, including in California, Texas, and New York. The role includes evaluating credit applications and managing loan portfolios. Wells Fargo emphasizes professional development.
   

   
   

4. Fitch Ratings
   Average Salary: $119,167
   Fitch Ratings provides a solid salary for Credit Analysts. They operate globally, with major offices in New York, London, and Hong Kong. The job involves analyzing financial data and assessing credit risks. Fitch Ratings is known for its strong analytical skills and global reach.
   

   
   

5. Citi
   Average Salary: $110,172
   Citi offers a competitive salary for Credit Analysts. They have a global presence, with offices in New York, London, and Singapore. The role includes evaluating credit applications and managing credit risk. Citi values innovation and diversity.
   

   
   

6. U.S. Bank
   Average Salary: $108,645
   U.S. Bank offers a good salary for Credit Analysts. They operate in many states, including California, Minnesota, and Florida. The job involves assessing credit risks and making lending decisions. U.S. Bank emphasizes customer service and community involvement.
   

   
   

7. Santander
   Average Salary: $102,828
   Santander provides a solid salary for Credit Analysts. They have branches in many states, including New York, California, and Florida. The role includes evaluating credit applications and managing credit risk. Santander values teamwork and customer service.
   

   
   

8. MUFG
   Average Salary: $101,633
   MUFG offers a competitive salary for Credit Analysts. They operate globally, with major offices in Tokyo, New York, and London. The job involves analyzing credit data and assessing credit risks. MUFG is known for its strong financial expertise and global reach.
   

   
   

9. The Provident Bank of New Jersey
   Average Salary: $93,720
   The Provident Bank of New Jersey offers a good salary for Credit Analysts. They operate in New Jersey, with branches in major cities. The role includes evaluating credit applications and managing credit risk. The bank values community involvement and customer service.
   

   
   

10. AgWest Farm Credit
    Average Salary: $87,702
    AgWest Farm Credit provides a solid salary for Credit Analysts. They operate in many states, including California, Texas, and Iowa. The job involves assessing credit risks and making lending decisions for agricultural clients. AgWest Farm Credit values teamwork and community involvement.
    

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 earn more in this field, professionals can focus on several key areas. These areas not only enhance skills but also increase market value.

First, gaining specialized certifications can lead to higher earnings. Certifications such as the Certified Credit Expert (CCE) or Financial Risk Manager (FRM) can open up more opportunities. These credentials show a deep understanding of credit analysis and financial risk. Second, accumulating more experience in the field can lead to higher-paying positions. Experience helps build a strong portfolio and a reputation in the industry. Third, developing strong analytical skills is crucial. Proficiency in data analysis tools and software can make a Credit Analyst more efficient and effective. This skill set is highly valued by employers. Fourth, networking within the industry can lead to better job offers. Attending industry conferences and joining professional associations can provide valuable connections. Lastly, staying updated with industry trends ensures a Credit Analyst remains competitive. Keeping abreast of new regulations and financial practices is essential for long-term success.

By focusing on these factors, Credit Analysts can enhance their skills and increase their earning potential. Each step taken towards professional development brings new opportunities and higher compensation.

1. Gain specialized certifications.
2. Accumulate more experience.
3. Develop strong analytical skills.
4. Network within the industry.
5. Stay updated with industry trends.