What is the Credit Analyst Salary?
The credit analyst salary ranges between $45,010 and $56,208 in the US. The midpoint salary of a credit analyst with one to three years of work experience is $51,500.
Educational background, certifications, skills, and the number of years of work experience all play key roles in determining the salary. The majority of professionals in the credit analysisCredit AnalysisCredit analysis is the process of determining the ability of a company or person to repay their debt obligations. In other words, it is a process that determines a potential borrower's credit risk or default risk. It incorporates both qualitative and quantitative factors. field possess a bachelor’s degree in business, accounting, economics, or mathematics. Credit analysts are responsible for assessing the creditworthiness of individuals, companies, or organizations that apply for loans.
With the ever-evolving finance industry, there are several growth opportunities for credit analysts not only in banks and related financial institutions but also in government agencies and rating agenciesRating AgencyA rating agency is a company that assesses the financial strength of companies and government entities, especially their ability to meet principal and interest payments on their debts. The rating assigned to a given debt shows an agency’s level of confidence that the borrower will honor its debt obligations. As they gain more work experience, they can move forward with their career and become consumer credit analysts or credit investment analysts.
Credit Analyst Salaries in US Cities
| City | Salary (Midpoint) |
|---|
| Birmingham, AL | $48,925 |
| Des Moines, IA | $51,500 |
| Detroit, MI | $51,500 |
| Greenville, SC | $47,895 |
| Las Vegas, NV | $51,500 |
| Louisville, KY | $47,380 |
| Phoenix, AZ | $58,195 |
| Portland, OR | $55,105 |
| San Francisco, CA | $72,100 |
| Tulsa, OK | $47,895 |
Related Readings
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