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 analyst 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)™ 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:
