Credit Analyst Salary Guide
In this credit analyst salary guide, we cover several credit analyst jobs and their corresponding midpoint salaries for 2018. Credit analysts or credit risk analysts are responsible for evaluating risk levels and assessing the interest rateInterest RateAn interest rate refers to the amount charged by a lender to a borrower for any form of debt given, generally expressed as a percentage of the principal. The asset borrowed can be in the form of cash, large assets such as vehicle or building, or just consumer goods. and loan termsLoan CovenantA loan covenant is an agreement stipulating the terms and conditions of loan policies between a borrower and a lender. The agreement gives lenders leeway in providing loan repayments while still protecting their lending position. Similarly, due to the transparency of the regulations, borrowers get clear expectations of for borrowers. They gather and analyze financial information such as payment history, the purpose of the loan, income, assetsFinancial AssetsFinancial assets refer to assets that arise from contractual agreements on future cash flows or from owning equity instruments of another entity. Financial instruments refer to any contract that gives rise to a financial asset to one entity and a financial liability or equity instrument to another entity, and liabilities to look for signs that may pose financial risks. They are also experts in determining the creditworthiness of individuals and companies.
Credit analysts are usually needed in various companies such as financial institutions, credit unions, foreign banks, investment companiesKey Players in the Capital MarketsIn this article, we provide a general overview of the key players and their respective roles in the capital markets. The capital markets consist of two types of markets: primary and secondary. This guide will provide an overview of all the major companies and careers across the capital markets., asset management firms, and credit rating agencies.
Credit Analyst Salary Guide – Jobs in the US
Because of tough competition, employers offer higher salaries and more scheduling flexibility to top job candidates. When it comes to skills, companies focus more on data analytics experience. They also look for candidates who possess technical skills that will work well with traditional accounting and financial skills.
In the financial services industry, commercial banks, lending companies, and firms involved in hedge funds and asset management show an increasing demand for professionals with expertise in credit analytics, data analytics, as well as risk and compliance.
Credit Analyst Salary Guide in the US for 2018
The table below shows the salary guide for candidates with average experience and skill sets needed for the job. The figures do not include bonuses, incentives, and other forms of additional compensation:
| Credit Analyst Jobs | Base Salary |
|---|
| |
| Operational Support: Credit and Collections | |
| Credit/Collections Analyst | $51,000 |
| |
| Financial Services | |
| Credit Analyst 5+ Years | $80,000 |
| Credit Analyst 3 to 5 Years | $60,000 |
| Credit Analyst 1 to 3 Years | $51,500 |
| Credit Risk Analyst - Manager | $95,250 |
| Credit Risk Analyst 3 to 5 Years | $80,000 |
Source: Robert Half 2018 Salary Guide for Accounting and Finance Professionals
Additional Resources
Thank you for reading CFI’s credit analyst salary guide. For more learning, CFI offers a wide range of courses on corporate finance, accounting, and financial modeling. To keep learning and advancing your career, the following resources will be helpful:
- Credit RiskRisk Averse DefinitionThe risk averse definition the characteristic or trait of avoiding risk. This characteristic is usually attached to investors who prefer lower returns to
- Debt ScheduleDebt ScheduleA debt schedule lays out all of the debt a business has in a schedule based on its maturity and interest rate. In financial modeling, interest expense flows into the income statement, closing debt balance flows onto the balance sheet, principal repayments flow through the cash flow statement, completing the scheudle
- Due DiligenceDue Diligence Career ProfileThese groups perform “financial due diligence” on behalf of acquirers of companies to analyze the target companies’ financial statements and overall financial health. A career in the financial due diligence team can require long hours when on a transaction and requires forensic level accounting and analysis.
- Installment SaleInstallment SaleAn installment sale is an arrangement in which the seller allows the buyer to make payments over an extended period of time. In an installment sale, the buyer receives the good at the beginning of the installment period and makes a payment over the installment period. In other words, revenue and expense are recognized
