Annual Salary, Salary Range, and Highest Paying States and Industries
Credit Analysts
Credit Analysts analyze credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with credit information for use in decisionmaking.
Table of contents
- Average salary
- Starting salary
- Salary rank
- Salary range
- Highest paying states
- Highest paying industries
Average salary
Starting salary
Entry-level Credit Analysts with little to no experience can expect to make anywhere between $44,250 to $56,120 per year or $21 to $27 per hour. Similar to any other job, their salary will increase as they gain experience.
Salary rank
We wanted to make it easy for our readers to compare the salary of Credit Analysts to all the other careers out there. So we created Salary Rank. We compared the salary of all careers then we gave them a rank of A, B, C, or D depending on where their average salary sit in comparison to other careers.
Salary range
Level | Hourly | Annual |
---|---|---|
Highest (Top 10%) | $71 | $146,690 |
Senior (Top 25%) | $50 | $103,840 |
Middle (Mid 50%) | $36 | $74,970 |
Junior (Bottom 25%) | $27 | $56,120 |
No experience (Bottom 10%) | $21 | $44,250 |
Highest paying states
State | Hourly | Annual |
---|---|---|
NY | $61 | $125,900 |
DC | $51 | $107,030 |
MD | $50 | $103,410 |
CT | $47 | $98,380 |
NC | $46 | $96,210 |
MA | $46 | $95,040 |
CA | $45 | $94,020 |
CO | $44 | $90,740 |
NV | $43 | $89,720 |
NJ | $43 | $89,170 |
Another simple way to increase your salary as a Credit Analyst is to move to a higher paying state. However moving to a higher paying state like NY doesn’t guarantee that you will make more because the expenses at NY might be much higher than where you are currently living at right now.
According to BLS, the highest paid Credit Analysts are in the states of NY, DC, MD, CT and NC.
Highest paying industries
Salary by industry | Annual | Hourly |
---|---|---|
Monetary Authorities-Central Bank | $122840 | $59.06 |
Securities, Commodity Contracts, and Other Financial Investments and Related Activities | $118340 | $56.90 |
Insurance Carriers | $93870 | $45.13 |
Natural Gas Distribution | $93570 | $44.98 |
Business Support Services | $93080 | $44.75 |
Management, Scientific, and Technical Consulting Services | $90710 | $43.61 |
Software Publishers | $88660 | $42.63 |
Management of Companies and Enterprises | $88080 | $42.35 |
Automotive Equipment Rental and Leasing | $86810 | $41.74 |
Agencies, Brokerages, and Other Insurance Related Activities | $85970 | $41.33 |
Business, Professional, Labor, Political, and Similar Organizations | $84760 | $40.75 |
Employment Services | $84470 | $40.61 |
Credit Intermediation and Related Activities | $84330 | $40.54 |
Computer Systems Design and Related Services | $84060 | $40.41 |
Nondepository Credit Intermediation | $83900 | $40.34 |
Automobile Dealers | $83320 | $40.06 |
Telecommunications | $83010 | $39.91 |
Medical Equipment and Supplies Manufacturing | $82340 | $39.58 |
Chemical Manufacturing | $81390 | $39.13 |
Scientific Research and Development Services | $81020 | $38.95 |
Data Processing, Hosting, and Related Services | $80780 | $38.84 |
Electric Power Generation, Transmission and Distribution | $79560 | $38.25 |
Wholesale Electronic Markets and Agents and Brokers | $78790 | $37.88 |
Electrical Equipment Manufacturing | $78590 | $37.78 |
Merchant Wholesalers, Nondurable Goods | $76940 | $36.99 |
Rental and Leasing Services | $76740 | $36.89 |
Semiconductor and Other Electronic Component Manufacturing | $75370 | $36.23 |
Real Estate | $75230 | $36.17 |
Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers | $75000 | $36.06 |
Other Electrical Equipment and Component Manufacturing | $74720 | $35.92 |