Position
Salary

How much does a Credit Analyst make?

The average salary for a Credit Analyst is $81,929 per year in the US.

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.
Strong analytical skills, attention to detail, and a deep understanding of credit markets can help professionals in this field achieve higher pay.

View Credit Analyst jobs nearby

What are the highest paying cities for a Credit Analyst?

Credit Analysts can find some of the highest paying jobs in San Antonio, TX, where the average salary reaches nearly $127,000. Washington, DC, offers an average salary close to $114,000 for those in this role, making it another top city. San Francisco, CA, Baltimore, MD, and Boston, MA, also provide competitive salaries, often exceeding $109,000. Exploring other cities, Portland, OR, and Minneapolis, MN, present average salaries above $107,000, offering excellent opportunities. Knoxville, TN, Charlotte, NC, and Milwaukee, WI, round out the list with average salaries over $100,000, making these cities attractive to credit analysts seeking lucrative positions.
Graph displaying highest paying cities salaries for Credit Analyst jobs, highlighting San Antonio, TX with the highest at $126,881 and Milwaukee, WI with the lowest at $100,958.
  1. 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.
    Find Credit Analyst jobs in San Antonio, TX


  2. 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.
    Find Credit Analyst jobs in Washington, DC


  3. 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.
    Find Credit Analyst jobs in Boston, MA


  4. 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.
    Find Credit Analyst jobs in San Francisco, CA


  5. 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.
    Find Credit Analyst jobs in Baltimore, MD


  6. 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.
    Find Credit Analyst jobs in Portland, OR


  7. 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.
    Find Credit Analyst jobs in Minneapolis, MN


  8. 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.
    Find Credit Analyst jobs in Knoxville, TN


  9. 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.
    Find Credit Analyst jobs in Charlotte, NC


  10. 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.
    Find Credit Analyst jobs in Milwaukee, WI

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

Job seekers looking for a career as a Credit Analyst can find attractive opportunities with major companies. Intuit offers an average salary of $193,333, making it one of the top-paying employers. USAA and Huntington Bank also provide competitive compensation packages, with average salaries of $147,811 and $140,169, respectively. These firms offer excellent benefits and growth potential for credit analysts. Wells Fargo and Fitch Ratings are also strong contenders, with average salaries around $136,819 and $123,333. Choosing a company from this list can lead to a rewarding career with good financial rewards.
Graph displaying best paying company salaries for Credit Analyst jobs, highlighting Intuit with the highest at $193,333 and U.S. Bank with the lowest at $108,280.
  1. 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.


  2. 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.


  3. 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.


  4. 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.


  5. 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.


  6. 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.


  7. 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.


  8. 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.


  9. 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.


  10. 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.

  1. Obtain relevant certifications
  2. Gain experience in different industries
  3. Network with other professionals
  4. Stay updated on financial regulations
  5. Advance to leadership positions

Currently 382 Credit Analyst job openings, nationwide.

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Position
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Credit Analyst
382 Job Openings