How much does a Credit Analyst make?
Credit analysts play a vital role in financial institutions, assessing the creditworthiness of individuals and businesses. The average yearly salary for this position stands at approximately $81,929. With experience and expertise, one can see earnings rise, with the potential to reach higher figures.
Here is a breakdown of potential salaries for credit analysts, based on their experience and industry:
- Entry-level positions may start around $40,000 per year.
- Mid-level roles can offer salaries between $63,545 and $122,409.
- Senior-level positions often see earnings in the range of $134,182 to $157,727 per year.
What are the highest paying cities for a Credit Analyst?

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San Antonio, TX
Average Salary: $126,881
In San Antonio, financial analysts thrive with numerous opportunities from established banks. Organizations like Wells Fargo and U.S. Bank offer stability and growth. Working here, analysts gain valuable experience in a dynamic market.
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Washington, DC
Average Salary: $113,678
Working as a credit analyst in Washington, DC, offers a unique blend of government and private sector roles. Prominent institutions like JPMorgan Chase and Capital One provide diverse challenges. Analysts in this city benefit from a rich professional network.
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Boston, MA
Average Salary: $113,498
Boston presents a vibrant environment for credit analysts. Companies such as State Street and Fidelity Investments offer cutting-edge opportunities. The city's tech-savvy culture ensures analysts stay ahead in their field.
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San Francisco, CA
Average Salary: $109,977
In San Francisco, credit analysts enjoy a competitive market with tech giants like Goldman Sachs. The city's innovation-driven atmosphere fosters skill development. Analysts here often find themselves part of diverse, inclusive teams.
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Baltimore, MD
Average Salary: $108,628
Baltimore offers a balanced mix of financial and government sectors for credit analysts. Institutions like M&T Bank provide solid career foundations. The city's lower cost of living makes it an attractive option for professionals.
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Portland, OR
Average Salary: $108,107
Portland boasts a thriving startup scene that benefits credit analysts. Companies such as Nike and Portland General Electric offer dynamic work environments. The city's emphasis on sustainability and innovation creates a unique work culture.
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Minneapolis, MN
Average Salary: $107,666
Minneapolis provides a strong financial sector with employers like U.S. Bank and Thrivent Financial. Analysts in this city benefit from a supportive community and a high quality of life. The area's growth opportunities are substantial.
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Knoxville, TN
Average Salary: $104,623
Knoxville offers a blend of small-town charm and major financial opportunities. Companies like BBVA Compass and BlueCross BlueShield of Tennessee provide stability. Working here means a close-knit community and a lower cost of living.
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Charlotte, NC
Average Salary: $103,678
Charlotte stands out with a strong banking sector. Major firms like Bank of America and Wells Fargo provide significant opportunities. The city's rapid growth makes it an exciting place for analysts to develop their careers.
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Milwaukee, WI
Average Salary: $100,958
Milwaukee offers a mix of local and national opportunities for credit analysts. Companies such as Northwestern Mutual and Associated Banc-Corp provide solid career paths. The city's friendly atmosphere and affordable living add to its appeal.
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What are the best companies a Credit Analyst can work for?

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Intuit
Average Salary: $193,333
Intuit offers competitive salaries for Credit Analysts. The company is known for its innovative approach to financial software. Credit Analysts here help businesses manage their credit risks. Intuit operates globally with major offices in the U.S., Canada, and India.
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USAA
Average Salary: $147,811
USAA provides attractive salaries for Credit Analysts. The company focuses on financial services for military members and their families. Credit Analysts at USAA assess credit applications and manage risk. The company has a strong presence across the U.S.
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Huntington Bank
Average Salary: $140,169
Huntington Bank offers good compensation for Credit Analysts. This bank serves customers in several states, including Ohio and Florida. Credit Analysts here evaluate credit risks for loans and manage credit portfolios. Huntington Bank values teamwork and innovation.
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Wells Fargo
Average Salary: $136,819
Wells Fargo provides competitive salaries for Credit Analysts. The bank has a long history and a large presence across the U.S. Credit Analysts here analyze credit data and make lending decisions. They support customers nationwide.
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Fitch Ratings
Average Salary: $123,333
Fitch Ratings offers attractive compensation for Credit Analysts. This company specializes in credit ratings and analysis. Credit Analysts work in offices across the U.S. and globally. They assess financial health and credit risks.
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Liberty Mutual Insurance
Average Salary: $119,731
Liberty Mutual Insurance provides good salaries for Credit Analysts. The company offers various insurance products. Credit Analysts here evaluate credit risks for insurance applications. They work in several locations across the U.S.
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T-Mobile
Average Salary: $119,255
T-Mobile offers competitive pay for Credit Analysts. The company focuses on wireless services. Credit Analysts here manage credit risks for customers. T-Mobile operates across the U.S.
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Morgan Stanley
Average Salary: $115,682
Morgan Stanley provides attractive salaries for Credit Analysts. The company is a global leader in financial services. Credit Analysts here assess credit risks for clients. They work in major financial hubs in the U.S. and globally.
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Citi
Average Salary: $108,445
Citi offers good compensation for Credit Analysts. This global bank serves customers in many countries. Credit Analysts here evaluate credit applications and manage credit portfolios. They work in offices worldwide.
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U.S. Bank
Average Salary: $108,280
U.S. Bank provides competitive salaries for Credit Analysts. The bank has a strong presence across the U.S. Credit Analysts here assess credit risks and manage customer accounts. They support customers nationwide.
How to earn more as a Credit Analyst?
To earn more as a Credit Analyst, focus on building a strong foundation of skills and experience. This role demands a keen eye for detail and an understanding of financial data. One key factor is to obtain certifications that enhance your credentials. For instance, becoming a Certified Credit Expert (CCE) or a Financial Risk Manager (FRM) can make you more attractive to employers.
Another factor is gaining experience in different industries. Working in various sectors can give you a broader perspective on credit risks. This can make you more valuable to potential employers. Networking with other professionals in the field also helps. Attend conferences and join credit analysis associations. This can open up job opportunities and lead to higher-paying positions. Continually updating your knowledge of financial regulations and market trends is essential. Staying informed about the latest changes can improve your analysis and decision-making skills.
Experience in a leadership role can also boost your earnings. Managing a team or leading projects can demonstrate your ability to handle more responsibility. Finally, consider advancing to senior positions such as Credit Manager or Director of Credit. These roles often come with higher salaries and more opportunities for growth. By focusing on these factors, you can increase your earning potential as a Credit Analyst.
- Obtain relevant certifications
- Gain experience in different industries
- Network with other professionals
- Stay updated on financial regulations
- Advance to leadership positions



