What is the Commercial Credit Analyst Salary?
The commercial credit analyst salary depends on several factors. They include educational background, certifications earned, skills, and number of years of work experience. If you want to become a commercial credit analyst, you need at least a bachelor’s degree in a finance-related field such as accounting. You also need a minimum of five years of work experience. After being a commercial credit analyst, one option is to work as a financial analystFinancial Analyst Job DescriptionThe financial analyst job description below gives a typical example of all the skills, education, and experience required to be hired for an analyst job at a bank, institution, or corporation. Perform financial forecasting, reporting, and operational metrics tracking, analyze financial data, create financial models or a senior credit analyst.
As of mid-2019, the average salary for commercial credit analysts is around $55,400, according to PayScale. Commercial credit analysts gather and evaluate credit information for business borrowers. They analyze loan requests and give recommendations for risk ratings. They are also in charge of comparing the financial strengths of a company against similar companies in the same industry.
Commercial Credit Analyst Salaries in US Cities
| City | Salary |
|---|
| San Francisco, CA | $60,304 |
| Washington, DC | $53,235 |
| Miami, FL | $46,650 |
| Chicago, IL | $50,981 |
| Boston, MA | $54,441 |
| New York, NY | $57,911 |
| Dallas, TX | $47,540 |
| Denver, CO | $66,051 |
| Phoenix, AR | $66,066 |
| Charlotte, NC | $61,445 |
Popular Employer Salaries for Commercial Credit Analysts
| Employer | Salary |
|---|
| Bank of America Corp. | $62,000 |
| U.S. Bank | $74,000 |
| J.P. Morgan Chase & Co. | $64,000 |
| TD Bank, N.A. | $56,000 |
| Regions Bank | $53,000 |
| Capital One Financial Corp. | $63,000 |
| Customers Bank | $55,000 |
Related Readings
CFI is the official provider of the global Financial Modeling & Valuation Analyst (FMVA)™FMVA® CertificationThe Financial Modeling & Valuation Analyst (FMVA)® accreditation is a global standard for financial analysts that covers finance, accounting, financial modeling, valuation, budgeting, forecasting, presentations, and strategy. 
certification program, designed to help anyone become a world-class financial analyst. To keep advancing your career, the additional CFI resources below will be useful:
- Comparable Company AnalysisComparable Company AnalysisHow to perform Comparable Company Analysis. This guide shows you step-by-step how to build comparable company analysis ("Comps"), includes a free template and many examples. Comps is a relative valuation methodology that looks at ratios of similar public companies and uses them to derive the value of another business
- Credit Risk AnalysisCredit Risk AnalysisCredit risk analysis can be thought of as an extension of the credit allocation process. After an individual or business applies to a bank or financial institution for a loan, the lending institution analyzes the potential benefits and costs associated with the loan.
- FICO ScoreFICO ScoreA FICO score, more commonly known as a credit score, is a three-digit number that is used to assess how likely a person is to repay the credit if the
- Three Financial StatementsThree Financial StatementsThe three financial statements are the income statement, the balance sheet, and the statement of cash flows. These three core statements are intricately linked to each other and this guide will explain how they all fit together. By following the steps below you'll be able to connect the three statements on your own.
