Salary for Credit Analysts

Also known as:  Chief Credit Analyst, Credit Analyst, Credit Assessment Analyst, Credit Risk Analyst, Factorer

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When choosing whether or not to extend credit or loans to individuals, businesses or organizations, credit companies and banks employ the expertise of credit analysts. The role of a credit analyst is to investigate and analyze the credit history of consumers and institutions and to determine their credit-worthiness based on their findings. Additionally, credit analysts may review delinquent accounts to determine which should be sent to collections. In some cases, they may help determine payment plans, as dictated by financial resources that are available to account holders. Individuals in this profession generally have some college education.

A Credit Analyst can earn a wage of around 48000 to 72000 based on tenure level. Credit Analysts can get average salaries of Sixty Eight Thousand Three Hundred dollars yearly.

Credit Analysts have the highest pay levels in New York, where they can receive average job salaries of near $102720. These people receive the highest salary in Real Estate and Rental and Leasing, where they can earn salary pay of $77710.

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The national wage distribution is shown below. To overlay local salaries for a Credit Analyst, please select your state.
ANNUAL SALARY
HOURLY RATE
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SALARY TREND
The annual compensation for this career has gone up since 2004. Salaries have increased by an average of 23.48 percent nationwide in that time.
INDUSTRIES
Credit Analysts tend to make the most in the following industries
Retail Trade $77,710
Real Estate and Rental and Leasing $76,080
Finance and Insurance $68,730
Information $67,940
Utilities $67,830
Transportation and Warehousing $67,480
In general, they earn less within the industries below
Educational Services $52,680
Other Services (except Public Administration) $54,930
Health Care and Social Assistance $56,290
Public Administration $57,620
Wholesale Trade $59,290
Accommodation and Food Services $59,490
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