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Top 10 how much does a credit analyst make That Will Change Your Life

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Occupational Employment and Wage Statistics

Occupational Employment and Wages, May 2021

13-2041 Credit Analysts

Analyze credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with credit information for use in decisionmaking. Excludes Financial Risk Specialists (13-2054).


National estimates for Credit Analysts
Industry profile for Credit Analysts
Geographic profile for Credit Analysts

National estimates for Credit Analysts:

Employment estimate and mean wage estimates for Credit Analysts:

Employment (1) Employment
RSE (3)
Mean hourly
wage
Mean annual
wage (2)
Wage RSE (3)
68,770 1.5 % $ 42.32 $ 88,030 0.8 %

Percentile wage estimates for Credit Analysts:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $ 22.90 $ 29.08 $ 37.23 $ 48.68 $ 73.83
Annual Wage (2) $ 47,630 $ 60,490 $ 77,440 $ 101,250 $ 153,560


Industry profile for Credit Analysts:

Industries with the highest published employment and wages for Credit Analysts are provided.
For a list of all industries with employment in Credit Analysts, see the Create Customized Tables function.

Industries with the highest levels of employment in Credit Analysts:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Credit Intermediation and Related Activities (5221 and 5223 only) 32,060 1.60 $ 41.79 $ 86,920
Nondepository Credit Intermediation 12,540 2.02 $ 40.19 $ 83,600
Management of Companies and Enterprises 8,670 0.34 $ 44.39 $ 92,330
Securities, Commodity Contracts, and Other Financial Investments and Related Activities 4,250 0.44 $ 59.98 $ 124,770
Business Support Services 1,270 0.15 $ 48.69 $ 101,260

Industries with the highest concentration of employment in Credit Analysts:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Nondepository Credit Intermediation 12,540 2.02 $ 40.19 $ 83,600
Credit Intermediation and Related Activities (5221 and 5223 only) 32,060 1.60 $ 41.79 $ 86,920
Securities, Commodity Contracts, and Other Financial Investments and Related Activities 4,250 0.44 $ 59.98 $ 124,770
Management of Companies and Enterprises 8,670 0.34 $ 44.39 $ 92,330
Monetary Authorities-Central Bank 60 0.31 $ 65.80 $ 136,860

Top paying industries for Credit Analysts:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Monetary Authorities-Central Bank 60 0.31 $ 65.80 $ 136,860
Securities, Commodity Contracts, and Other Financial Investments and Related Activities 4,250 0.44 $ 59.98 $ 124,770
Automotive Equipment Rental and Leasing (8) (8) $ 49.68 $ 103,340
Business Support Services 1,270 0.15 $ 48.69 $ 101,260
Management, Scientific, and Technical Consulting Services 250 0.02 $ 47.41 $ 98,610


Geographic profile for Credit Analysts:

States and areas with the highest published employment, location quotients, and wages for Credit Analysts are provided.
For a list of all areas with employment in Credit Analysts, see the Create Customized Tables function.


Map of employment of credit analysts by state, May 2021

States with the highest employment level in Credit Analysts:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
California 7,090 0.43 0.88 $ 44.25 $ 92,050
New York 6,810 0.79 1.61 $ 62.24 $ 129,460
Texas 5,630 0.46 0.94 $ 38.95 $ 81,010
Florida 3,780 0.44 0.90 $ 39.83 $ 82,850
Illinois 3,370 0.60 1.23 $ 41.18 $ 85,660


Map of location quotient of credit analysts by state, May 2021

States with the highest concentration of jobs and location quotients in Credit Analysts:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
South Dakota 420 0.99 2.02 $ 32.53 $ 67,670
New York 6,810 0.79 1.61 $ 62.24 $ 129,460
North Carolina 3,150 0.71 1.46 $ 44.73 $ 93,040
Missouri 1,870 0.68 1.40 $ 38.37 $ 79,810
Colorado 1,720 0.66 1.34 $ 43.72 $ 90,940


Map of annual mean wages of credit analysts by state, May 2021

Top paying states for Credit Analysts:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New York 6,810 0.79 1.61 $ 62.24 $ 129,460
Connecticut 740 0.47 0.96 $ 47.32 $ 98,430
New Jersey 2,390 0.62 1.27 $ 46.19 $ 96,080
Virginia 2,070 0.55 1.13 $ 46.15 $ 95,990
Iowa 760 0.51 1.05 $ 44.90 $ 93,390

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Map of employment of credit analysts by area, May 2021

Metropolitan areas with the highest employment level in Credit Analysts:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New York-Newark-Jersey City, NY-NJ-PA 7,370 0.85 1.74 $ 61.99 $ 128,950
Los Angeles-Long Beach-Anaheim, CA 3,040 0.53 1.09 $ 41.74 $ 86,820
Dallas-Fort Worth-Arlington, TX 2,730 0.76 1.56 $ 41.81 $ 86,960
Chicago-Naperville-Elgin, IL-IN-WI 2,700 0.64 1.31 $ 43.09 $ 89,630
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2,490 0.94 1.92 $ 43.07 $ 89,580
Charlotte-Concord-Gastonia, NC-SC 2,270 1.88 3.85 $ 46.32 $ 96,350
Phoenix-Mesa-Scottsdale, AZ 1,420 0.67 1.37 $ 32.02 $ 66,600
San Francisco-Oakland-Hayward, CA 1,330 0.59 1.22 $ 56.67 $ 117,860
Denver-Aurora-Lakewood, CO 1,320 0.90 1.84 $ 46.31 $ 96,320
Minneapolis-St. Paul-Bloomington, MN-WI 1,240 0.68 1.39 $ 44.20 $ 91,940


Metropolitan areas with the highest concentration of jobs and location quotients in Credit Analysts:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Charlotte-Concord-Gastonia, NC-SC 2,270 1.88 3.85 $ 46.32 $ 96,350
Sioux Falls, SD 250 1.61 3.30 $ 34.09 $ 70,910
Richmond, VA 990 1.60 3.28 $ 47.11 $ 97,980
Trenton, NJ 290 1.29 2.65 $ 42.50 $ 88,400
St. Cloud, MN 120 1.21 2.48 $ 31.00 $ 64,480
Des Moines-West Des Moines, IA 400 1.12 2.29 $ 50.84 $ 105,740
Tulsa, OK 440 1.04 2.14 $ 32.09 $ 66,760
Jacksonville, FL 690 1.01 2.07 $ 40.05 $ 83,300
Spokane-Spokane Valley, WA 230 0.99 2.02 $ 37.11 $ 77,200
Cleveland, TN 40 0.95 1.95 (8) (8)

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Map of annual mean wages of credit analysts by area, May 2021

Top paying metropolitan areas for Credit Analysts:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New York-Newark-Jersey City, NY-NJ-PA 7,370 0.85 1.74 $ 61.99 $ 128,950
Danbury, CT 50 0.67 1.37 $ 58.44 $ 121,560
San Francisco-Oakland-Hayward, CA 1,330 0.59 1.22 $ 56.67 $ 117,860
Bridgeport-Stamford-Norwalk, CT 310 0.81 1.67 $ 52.58 $ 109,360
Des Moines-West Des Moines, IA 400 1.12 2.29 $ 50.84 $ 105,740
Cedar Rapids, IA 110 0.81 1.66 $ 49.05 $ 102,020
Atlanta-Sandy Springs-Roswell, GA 890 0.34 0.71 $ 47.14 $ 98,040
Durham-Chapel Hill, NC 140 0.43 0.89 $ 47.11 $ 97,980
Richmond, VA 990 1.60 3.28 $ 47.11 $ 97,980
Charlotte-Concord-Gastonia, NC-SC 2,270 1.88 3.85 $ 46.32 $ 96,350

Nonmetropolitan areas with the highest employment in Credit Analysts:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
West Central Illinois nonmetropolitan area 120 0.75 1.54 $ 32.82 $ 68,260
North Northeastern Ohio nonmetropolitan area (noncontiguous) 110 0.35 0.72 $ 31.23 $ 64,960
Southeast Minnesota nonmetropolitan area 100 0.64 1.31 $ 40.09 $ 83,380
North Texas Region of Texas nonmetropolitan area 90 0.34 0.70 $ 29.22 $ 60,770
Southwest Minnesota nonmetropolitan area 90 0.76 1.55 $ 34.28 $ 71,300

Nonmetropolitan areas with the highest concentration of jobs and location quotients in Credit Analysts:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Southwest Minnesota nonmetropolitan area 90 0.76 1.55 $ 34.28 $ 71,300
West Central Illinois nonmetropolitan area 120 0.75 1.54 $ 32.82 $ 68,260
East South Dakota nonmetropolitan area 80 0.67 1.37 $ 29.50 $ 61,370
Southeast Minnesota nonmetropolitan area 100 0.64 1.31 $ 40.09 $ 83,380
Western Pennsylvania nonmetropolitan area 70 0.49 1.00 $ 31.67 $ 65,870

Top paying nonmetropolitan areas for Credit Analysts:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Southeast Coastal North Carolina nonmetropolitan area 30 0.14 0.29 $ 44.19 $ 91,920
Southwest Colorado nonmetropolitan area 40 0.36 0.74 $ 41.48 $ 86,290
Southeast Minnesota nonmetropolitan area 100 0.64 1.31 $ 40.09 $ 83,380
Southern Pennsylvania nonmetropolitan area 40 0.23 0.47 $ 39.42 $ 81,990
Northwest Colorado nonmetropolitan area 40 0.34 0.69 $ 39.32 $ 81,790


About May 2021 National, State, Metropolitan, and Nonmetropolitan Area Occupational Employment and Wage Estimates

These estimates are calculated with data collected from employers in all industry sectors, all metropolitan and nonmetropolitan areas, and all states and the District of Columbia.
The top employment and wage figures are provided above. The complete list is available in the downloadable XLS files.

The percentile wage estimate is the value of a wage below which a certain percent of workers fall.
The median wage is the 50th percentile wage estimate—50 percent of workers earn less than the median and 50 percent of workers earn more than the median.
More about percentile wages.

(1) Estimates for detailed occupations do not sum to the totals because the totals include occupations not shown separately. Estimates do not include self-employed workers.

(2) Annual wages have been calculated by multiplying the hourly mean wage by a “year-round, full-time” hours figure of 2,080 hours;
for those occupations where there is not an hourly wage published, the annual wage has been directly calculated from the reported survey data.

(3) The relative standard error (RSE) is a measure of the reliability of a survey statistic. The smaller the relative standard error, the more precise the estimate.

(8) Estimate not released.

(9) The location quotient is the ratio of the area concentration of occupational employment to the national average concentration.
A location quotient greater than one indicates the occupation has a higher share of employment than average, and a location quotient less than one indicates the occupation is less prevalent in the area than average.


Other OEWS estimates and related information:

May 2021 National Occupational Employment and Wage Estimates

May 2021 State Occupational Employment and Wage Estimates

May 2021 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2021 National Industry-Specific Occupational Employment and Wage Estimates

May 2021 Occupation Profiles

Technical Notes

Last Modified Date: March 31, 2022

Extra Information About how much does a credit analyst make That You May Find Interested

If the information we provide above is not enough, you may find more below here.

Credit Analysts - Bureau of Labor Statistics

Credit Analysts – Bureau of Labor Statistics

  • Author: bls.gov

  • Rating: 4⭐ (271808 rating)

  • Highest Rate: 5⭐

  • Lowest Rate: 1⭐

  • Sumary: Occupational Employment and Wage Statistics

  • Matching Result: National estimates for Credit Analysts: ; Hourly Wage, $ 22.90, $ 29.08, $ 37.23, $ 48.68 ; Annual Wage (2), $ 47,630, $ 60,490, $ 77,440, $ 101,250 …

  • Intro: Credit Analysts Occupational Employment and Wage Statistics Occupational Employment and Wages, May 2021 13-2041 Credit Analysts Analyze credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with credit information for use in decisionmaking. Excludes Financial Risk Specialists (13-2054). National estimates for Credit Analysts Industry profile for Credit Analysts Geographic profile for Credit AnalystsNational estimates for Credit Analysts: Employment estimate and mean wage estimates for Credit Analysts: Employment (1) Employment RSE (3) Mean hourly wage Mean annual wage (2) Wage RSE (3) 68,770 1.5 % $…
  • Source: https://www.bls.gov/oes/current/oes132041.htm

Salary: Credit Analyst (December, 2022) - Glassdoor

Salary: Credit Analyst (December, 2022) – Glassdoor

  • Author: glassdoor.com

  • Rating: 4⭐ (271808 rating)

  • Highest Rate: 5⭐

  • Lowest Rate: 1⭐

  • Sumary: The average salary for a Credit Analyst is $58,114 per year in US. Click here to see the total pay, recent salaries shared and more!

  • Matching Result: The average salary for a Credit Analyst is $58111 per year in US. Click here to see the total pay, recent salaries shared and more!

  • Intro: Salary: Credit Analyst (December, 2022)How much does a Credit Analyst make?Updated Sep 15, 2022ExperienceAll years of ExperienceAll years of Experience0-1 Years1-3 Years4-6 Years7-9 Years10-14 Years15+ YearsIndustryAll industriesAll industriesLegalAerospace & DefenseAgricultureArts, Entertainment & RecreationPharmaceutical & BiotechnologyManagement & ConsultingConstruction, Repair & Maintenance ServicesPersonal Consumer ServicesEducationFinancial ServicesGovernment & Public AdministrationHealthcareInformation TechnologyInsuranceManufacturingMedia & CommunicationNonprofit & NGOEnergy, Mining & UtilitiesReal EstateRestaurants & Food ServiceRetail & WholesaleTelecommunicationsTransportation & LogisticsHotels & Travel AccommodationHuman Resources & Staffing$58,114 / yrBase Pay$4,599 / yrAdditional Pay$42K$95KMost Likely RangePossible RangeThe estimated total pay for a Credit Analyst is $62,714 per year in the United States area, with an average salary of $58,114 per year. These numbers…
  • Source: https://www.glassdoor.com/Salaries/credit-analyst-salary-SRCH_KO0,14.htm

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Credit Analyst I Salary

Credit Analyst I Salary

  • Author: salary.com

  • Rating: 4⭐ (271808 rating)

  • Highest Rate: 5⭐

  • Lowest Rate: 1⭐

  • Sumary: The 2022 average Credit Analyst I salary in the US is $55,459. How much does a Credit Analyst I make near you? Get a free salary report today.

  • Matching Result: The base salary for Credit Analyst I ranges from $49,816 to $61,616 with the average base salary of $55,459. The total cash compensation, which includes base, …

  • Intro: Credit Analyst I Salary | Salary.com Salary How much does a Credit Analyst I make in the United States? The average Credit Analyst I salary in the United States is $55,459 as of November 23, 2022, but the range typically falls between $49,816 and $61,616. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.  Jobs with a similar salary range to Credit Analyst I : Rotational…
  • Source: https://www.salary.com/research/salary/benchmark/credit-analyst-i-salary

Credit Analyst I Salary in Boston, MA

Credit Analyst I Salary in Boston, MA

  • Author: salary.com

  • Rating: 4⭐ (271808 rating)

  • Highest Rate: 5⭐

  • Lowest Rate: 1⭐

  • Sumary: A Credit Analyst I earned an average of $62,485 in Boston, MA in 2022. Customize this salary by industry, company size, skills, and experience.

  • Matching Result: What does a Credit Analyst I do? … Credit analysts interpret financial statements and use ratios when analyzing the fiduciary behavior and history of a …

  • Intro: Credit Analyst I Salary in Boston, MA | Salary.com Salary in How much does a Credit Analyst I make in Boston, MA? The average Credit Analyst I salary in Boston, MA is $62,485 as of November 23, 2022, but the range typically falls between $56,128 and $69,423. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.  Jobs with a similar salary range to Credit Analyst I…
  • Source: https://www.salary.com/research/salary/benchmark/credit-analyst-i-salary/boston-ma

Average Credit Analyst Salary - Payscale

Average Credit Analyst Salary – Payscale

  • Author: payscale.com

  • Rating: 4⭐ (271808 rating)

  • Highest Rate: 5⭐

  • Lowest Rate: 1⭐

  • Sumary: The average salary for a Credit Analyst is $54,291. Visit PayScale to research credit analyst salaries by city, experience, skill, employer and more.

  • Matching Result: The average salary for a Credit Analyst is $54291. Visit PayScale to research credit analyst salaries by city, experience, skill, …

  • Intro: Credit Analyst Salary | PayScale$54,291Avg. Base Salary (USD)The average salary for a Credit Analyst is $54,291EXPLORE BY:Featured ContentWhat is the Pay by Experience Level for Credit Analysts?An entry-level Credit Analyst with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $48,950 based on 334 salaries. An early career Credit Analyst with 1-4 years of experience earns an average total compensation of $53,374 based on 1,737 salaries. A …Read moreWhat Do Credit Analysts Do?Credit analysts specialize in determining a business’s or individual’s credit worthiness. A credit analyst looks at all…
  • Source: https://www.payscale.com/research/US/Job=Credit_Analyst/Salary

Average Credit Analyst Salaries Hourly And Annual - Zippia

Average Credit Analyst Salaries Hourly And Annual – Zippia

  • Author: zippia.com

  • Rating: 4⭐ (271808 rating)

  • Highest Rate: 5⭐

  • Lowest Rate: 1⭐

  • Sumary: The average salary for a Credit Analyst is $61,000 per year, or $30 per hour in United States. Find out the average by state, years of experience, field. Credit Analyst gender pay gap, race wage gap and income by education level.

  • Matching Result: Credit analysts make $61,422 per year on average, or $29.53 per hour, in the United States. Credit analysts on the lower end of that spectrum, …

  • Intro: Credit Analyst Salary (December 2022) – Zippia | Average Credit Analyst Salaries Hourly And AnnualHow much does a Credit Analyst make?Credit analysts make $61,422 per year on average, or $29.53 per hour, in the United States. Credit analysts on the lower end of that spectrum, the bottom 10% to be exact, make roughly $40,000 a year, while the top 10% makes $93,000.Location impacts how much a credit analyst can expect to make. Credit analysts make the most in New York, Delaware, Massachusetts, Connecticut, and New Hampshire. Highest Paying States For Credit AnalystsThe darker areas on the map show where credit…
  • Source: https://www.zippia.com/credit-analyst-jobs/salary/

Analyzing a Career in Credit Analysis - Investopedia

Analyzing a Career in Credit Analysis – Investopedia

  • Author: investopedia.com

  • Rating: 4⭐ (271808 rating)

  • Highest Rate: 5⭐

  • Lowest Rate: 1⭐

  • Sumary: If you’re a number-cruncher and responsibility doesn’t scare you, credit analyst could be the job for you.

  • Matching Result: A credit analyst is responsible for assessing a loan applicant’s ability to repay the loan and recommending that it be approved or denied. Credit analysts …

  • Intro: Analyzing a Career in Credit Analysis A credit analyst is responsible for assessing a loan applicant’s ability to repay the loan and recommending that it be approved or denied. Credit analysts are employed by commercial and investment banks, credit card companies, credit rating agencies, and investment companies. They may also work in the credit departments of a wide range of companies. What Does a Credit Analyst Do? A credit analyst gathers and reviews financial data about loan applicants, including their payment habits and history, earnings and savings, and spending patterns. The credit analyst then recommends approval or denial of the…
  • Source: https://www.investopedia.com/articles/financial-careers/09/career-credit-analysis-analyst.asp

Frequently Asked Questions About how much does a credit analyst make

If you have questions that need to be answered about the topic how much does a credit analyst make, then this section may help you solve it.

Are credit analysts paid well?

In the United States, credit analysts make an average salary of $1,422 per year, or $9.53 per hour.

Are credit analysts good at their jobs?

It’s best if: You’re in it for the long haul and want to work your way up to eventually earning 00K+ while working 40 hours per week. In short, the credit analyst career path is great at the beginning and the end but not so great in the middle.

What kind of education is required to be a credit analyst?

An associate or bachelor’s degree in finance, accounting, or a related field is typically the minimum educational requirement for the position of credit analyst.

How much money do credit analysts make?

Estimates for Credit Analysts across the nation:

Percentile 10% 50% (Median)
Hourly Wage $ 22.90 $ 37.23
Annual Wage (2) $ 47,630 $ 77,440

Is working as a credit analyst simple?

A bachelor’s degree in a business-related field, such as finance, accounting, or economics, is required by employers for credit analysts; a degree in mathematics is acceptable if you can also demonstrate fundamental business knowledge.

Do credit analysts put in a lot of time?

Workplace of a credit analyst: Credit analysts typically work a standard 40-hour workweek in a relatively fast-paced office environment, using financial software programs daily to assess applicants’ financial health.

How long is a credit analyst’s typical workday?

A commercial credit analyst may have to travel to the business or corporation that is seeking a loan in order to prepare the agreement; credit analysts can anticipate working a 40-hour week, but they may have to put in extra time if a project has a tight deadline.

The five C’s of credit analysis are what?

Character, Capacity, Capital, Conditions, and Collateral are the five components of credit, or the “5 Cs of credit.”

What characterizes a skilled credit analyst?

Customer service expertise, familiarity with spreadsheets, databases, and accounting software, along with excellent analytical and mathematical skills, are required of a good credit analyst. Other helpful skills include problem-solving, decision-making, researching, and organizing.

The credit analyst’s duties are what?

The primary responsibility of a credit analyst is to evaluate the creditworthiness of a person or business by collecting various financial data from clients, such as income and repayment history, to determine the clients’ capacity to meet financial obligations.

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