What is the Credit Risk Analyst Salary?
In the US, as of 2019, the average credit risk analyst salary is $62,545 annually. The salary varies depending on the skills, education, and number of years of work experience. If you’re a credit risk analyst with less than one year of work experience, you can expect an average annual compensation of $56,126. If you have up to four years of work experience, you can earn up to $64,241. On the other hand, the salary of those with five to nine years of work experience can reach $77,172 annually.
Interested in working in the finance industry as a credit risk analyst? You must have at least a bachelor’s degree in statistics, economics, or a related field. With a strong understanding of financial concepts such as payment processes and consumer and commercial lending, you’ll be responsible for evaluating the credit risk of clients and performing risk analyses using financial and credit records. As you gain more work experience, you can move forward in your career and become a credit risk manager, an analyst in credit risk management, or a vice-president in commercial lending.
Credit Risk Analyst Salaries in US Cities
|New York, NY||$77,263|
|Salt Lake City, UT||$53,440|
Popular Employer Salaries for Credit Risk Analysts
|Bank of America||$83,008|
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: