What is the Credit Research Analyst Salary?
In the US, the credit research analyst salary ranges from $46,363 to $150,000, with the average annual salary at $62,153.
The credit research analyst salary varies depending on factors, such as educational background, skills, and years of work experience. The job requires a bachelor’s degree in accounting, finance, or business management, though some companies consider applicants with a statistics, mathematics, or an economics degree.
As with any finance-related job, it is essential to gain experience, whether as an intern or through a training program if you want to become a credit research analyst. It will also be beneficial to work in a company’s credit or accounting departments.
Many say that if you want to start a career in the finance industry, consider applying for a credit research analyst position. The job’s responsibilities include assessing the credit value of the lender and evaluating credit records and economic conditions to determine if the borrower can meet their financial obligations. Banking institutions, investment firms, credit card-issuing companies, and credit rating agencies usually hire credit research analysts.
Credit and Collections Analyst Salaries in US States
| State | Salary |
|---|---|
| New York | $74,371 |
| Massachusetts | $73,835 |
| Maryland | $69,754 |
| California | $68,846 |
| Vermont | $68,315 |
| Hawaii | $68,265 |
| Connecticut | $68,137 |
| Washington | $68,069 |
| North Dakota | $67,981 |
| Montana | $67,981 |
Popular Employer Salaries for Credit and Collections Analysts
| Employer | Salary |
|---|---|
| Bank of America | $94,292 |
| J.P. Morgan | $89K - $107K |
| MetLife | $71K - $87K |
| Cardinal Health | $48K - $68K |
| Morgan Stanley | $78K - $84K |
| Bloomberg L.P. | $90K - $99K |
| Merrill Lynch | $86K - $94K |
| Barclays | $124K - $132K |
Additional Resources
CFI offers the Financial Modeling & Valuation Analyst (FMVA)™ certification program for those looking to take their careers to the next level. To keep learning and developing your knowledge base, please explore the additional relevant CFI resources below:
