What is the Senior Credit Analyst Salary?
The average senior credit analyst salary in the United States is $66,393 annually. The figure depends on several factors, including the employer, location, educational background, and number of years of experience.
Senior credit analysts are responsible for evaluating credit requests and creating recommendations based on the financial information of individuals or companies that are borrowing money. They work with loan officers to handle the results of risk assessment and discuss loan policies.
If you want to become a senior credit analyst, you need at least a bachelor’s degree in finance, accountingAccountingPublic accounting firms consist of accountants whose job is serving business, individuals, governments & nonprofit by preparing financial statements, taxes, or a related field. You also need several years of work experience with credit or loan evaluation. As you gain more experience, you can move up the corporate ladder as a credit manager, credit/collections manager, or portfolio managerPortfolio ManagerPortfolio managers manage investment portfolios using a six-step portfolio management process. Learn exactly what does a portfolio manager do in this guide. Portfolio managers are professionals who manage investment portfolios, with the goal of achieving their clients’ investment objectives..
Salaries in US Cities
| US City | Salary |
|---|
| New York, NY | $86,096 |
| Los Angeles, CA | $83,000 |
| Chicago, IL | $73,336 |
| Minneapolis, MN | $70,119 |
| Houston, TX | $69,562 |
| Seattle, WA | $69,210 |
| Atlanta, GA | $64,081 |
Popular Employer Salaries for Senior Credit Analysts
| Employer | Salary |
|---|
| U.S. Bank | $88,000 |
| Wells Fargo Bank | $80,000 |
| Bank of America Corp. | $66,000 |
| Cobank | $70,000 |
| Farm Credit | $73,000 |
| Expeditors International of Washington, Inc. | $65,000 |
| Umpqua Bank | $64,000 |
| HSBC Holdings | $86,000 |
| J.P. Morgan | $73,000 |
| M&T Bank Corp. | $76,000 |
Additional Resources
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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:
- 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.
- Loan AnalysisLoan AnalysisLoan analysis is an evaluation method that determines if loans are made on feasible terms and if potential borrowers can and are willing to pay back the loan. It checks the eligibility of the potential borrower against the criteria set forth for lending.
- Risk ManagementRisk ManagementRisk management encompasses the identification, analysis, and response to risk factors that form part of the life of a business, and it is usually done with
- Top 10 Accounting & Finance CertificationsTop 10 Accounting & Finance CertificationsThe top 10 best accounting and finance certifications to highlight that someone has put in the time and effort to expand their knowledge and skills. Accounting and finance certifications highlight that someone has put in the time and effort to expand their knowledge and skills.
