Salary for Credit Analysts

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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 will normally get an average wage ranging between $44,250 and $146,690 based on tenure and industry expertise. will most likely receive an average wage of eigthy-six thousand one hundred and seventy dollars each year.

can receive the best pay in New York, where they can receive an average salary rate of near $125,900. People with this job title are paid most highly in Finance and Insurance, where they can earn average pay scales of $88,430.

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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 56.10 percent nationwide in that time.

INDUSTRIES

Credit Analysts tend to make the most in the following industries:

Finance and Insurance
$88,430
Management of Companies and Enterprises
$88,080
Administrative, Support and Waste Management Services
$85,910
Utilities
$84,010
Information
$80,440
Other Services (except Public Administration)
$79,370

In general, they earn less within the industries below:

Educational Services
$55,860
Transportation and Warehousing
$62,030
Accommodation and Food Services
$62,360
Health Care and Social Assistance
$69,550
Manufacturing
$70,480
Public Administration
$70,720