The bank credit analyst salary varies depending on the analyst’s number of years of work experience, as well as their technical know-how and traditional accounting and financial skills. Since the economy is continuously evolving, there is a high demand and several growth opportunities for bank credit analysts not only in banks and credit unions but also in investment firms and credit rating agencies. As the analysts gain more experience in the industry, the most common career paths for them are senior credit analyst, credit manager, and portfolio manager.
The primary role of a bank credit analyst is to evaluate the creditworthiness of people or organizations that apply for loans. They are the ones who determine the degree of risk in extending a line of credit or lending money to an individual or a company. According to Robert Half’s 2018 Salary Guide for Accounting and Finance Professionals, the midpoint salary for bank credit analysts is $51,500. The figure applies to those with one to three years of work experience.
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