Credit Analyst Salary Guide

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. 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. A key, 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., 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:

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 DefinitionSomeone who is risk averse has the characteristic or trait of preferring avoiding loss over making a gain. This characteristic is usually attached to investors or market participants who prefer investments with lower returns and relatively known risks over investments with potentially higher returns but also with higher uncertainty and more risk.
• 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
• 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 a financing arrangement in which the seller allows the buyer to make payments over an extended period.