hourly pay for Credit Analysts
do Credit Analysts make a lot of money

Credit Analysts

Other names for this job might include Analyst, Credit Administrator, Credit Analyst, Credit and Collections Analyst, Credit Assessment Analyst, Credit Manager, Credit Negotiator, Credit Representative, Credit Risk Analyst, Credit Specialist

  • $81160
  • 70%
    Job satisfaction
  • Quite Hard
    Becoming one
  • Medium
    Job growth
OwlGuru Rank


How Much Do Credit Analysts Make In 2018

In this salary guide, you will find out how much do Credit Analysts make.

After reading this, you will be able to make a decision if working as a Credit Analyst will suit your financial goals (e.g: buying a home, BMW or just your target salary goal).

Average salary

Annual salary
$81160 per year

Hourly wage
$39.020 per hour

One of the most popular questions we get from our readers here at OwlGuru is how much do Credit Analysts make per year and what is their hourly wage.

According to BLS, the average annual salary of Credit Analysts is $81160. Their salary can also be as low as $40860 if you’re still a newbie with no experience to over $137730 if you have a ton of experience under your belt.

The typical hourly pay is $39.020 and can range from $19.640 to $66.210 which also depends if you’re a newbie or a professional.

Just like any other job, the salary of A Credit Analyst will vary based on your education and experience level.

# = Over $100 per hour or $200,000 per year.
Salary rank

We wanted to make it easy for our readers to compare the salary of A Credit Analyst to all the other careers out there. So we created Salary Rank.

This compares the salary of all careers and we give them a rank of A, B, C or D depending on how high or low is their average salary.

After comparing how much do Credit Analysts make with other careers, they have a salary rank of A.

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Salary range

Highest (Top 10%)$66.210$137730
Senior (Top 25%)$46.590$96910
Middle (Mid 50%)$33.620$69930
Junior (Bottom 25%)$25.250$52510
No experience (Bottom 10%)$19.640$40860

Entry-level Credit Analysts who starts out at $52510 can expect to make $69930 after 3-5 years of experience in the field.

The bottom 10% makes less than $19.640 per hour while the top 10% makes over $66.210 per hour.

While the median wage is $69930 per annum or $33.620 per hour.

Depending on who you work for, you might also get overtime pay.

# = Over $100 per hour or $200,000 per year.

Highest paying industries

Industry nameHourly wageAnnual salary
Securities and Commodity Contracts Intermediation and Brokerage55.28114970
Securities, Commodity Contracts, and Other Financial Investments and Related Activities52.48109160
Other Financial Investment Activities48.23100310
Software Publishers46.0395750
Funds, Trusts, and Other Financial Vehicles44.1691850
Monetary Authorities-Central Bank43.1889810
Automobile Dealers42.9189260
Aerospace Product and Parts Manufacturing42.8789180
Natural Gas Distribution42.5288440
Motor Vehicle and Parts Dealers40.9685190
Business, Professional, Labor, Political, and Similar Organizations40.6184470
Other Insurance Related Activities39.3981920
Religious, Grantmaking, Civic, Professional, and Similar Organizations39.3881920
Publishing Industries (except Internet)39.2681650
Educational Services (including private, state, and local government schools)39.1181350
Retail Trade38.6980480
Support Activities for Air Transportation38.3279690
Data Processing, Hosting, and Related Services38.2479550
Activities Related to Credit Intermediation37.7678530
Other Services (except Federal, State, and Local Government)37.5278050
Management of Companies and Enterprises37.4677910
Finance and Insurance37.3977770
Transportation Equipment Manufacturing36.9576850
Electric Power Generation, Transmission and Distribution36.6176150
All industries36.5275970
All industries, private ownership only36.5375970
Primary Metal Manufacturing36.4275750
Other Nondepository Credit Intermediation36.1575180
Agencies, Brokerages, and Other Insurance Related Activities36.0675000
Nondepository Credit Intermediation35.8774610
Credit Intermediation and Related Activities35.7874430
Management, Scientific, and Technical Consulting Services35.6974240
Computer Systems Design and Related Services35.6774190
Support Activities for Transportation35.6374110
Depository Credit Intermediation35.4173650
Insurance Agencies and Brokerages35.473630
Computer and Peripheral Equipment Manufacturing34.5171790
Insurance Carriers and Related Activities34.5271790
Apparel, Piece Goods, and Notions Merchant Wholesalers34.3971540
Health Care and Social Assistance (including private, state, and local government hospitals)34.2671250
Business Support Services34.2571240
Insurance Carriers34.0470790
Cut and Sew Apparel Manufacturing34.0370770
Hospitals, Privately owned33.9370560
General Medical and Surgical Hospitals, Privately owned33.9370560
Administrative and Support Services33.9170530
Sector 56- Administrative and Support and Waste Management and Remediation Services33.9170520
Metal and Mineral (except Petroleum) Merchant Wholesalers33.8970500
Semiconductor and Other Electronic Component Manufacturing33.8670420
Wholesale Electronic Markets and Agents and Brokers33.8470390
Employment Services33.669880
Local Government, excluding schools and hospitals33.5569780
Professional, Scientific, and Technical Services33.4769620
Federal, State, and Local Government33.4569580
Federal, State, and Local Government, excluding state and local schools and hospitals, and the US Postal Service33.4569580
Hospitals (including private, state, and local government hospitals)33.3569370
General Medical and Surgical Hospitals (including private, state, and local government hospitals)33.3569360
Lessors of Real Estate33.3269300
Educational Services, Privately owned33.2769210
State Government, excluding schools and hospitals33.2869210
Computer and Electronic Product Manufacturing33.2569160
Scientific Research and Development Services33.1568950
Research and Development in the Physical, Engineering, and Life Sciences33.1568950
Wired Telecommunications Carriers32.9968620
Freight Transportation Arrangement32.9368490
Direct Insurance (except Life, Health, and Medical) Carriers32.7868190
Transportation and Warehousing32.6767950
Automotive Equipment Rental and Leasing32.5767750
Navigational, Measuring, Electromedical, and Control Instruments Manufacturing32.4167420
Medical Equipment and Supplies Manufacturing32.3567290
Office Administrative Services32.2167000
Household Appliances and Electrical and Electronic Goods Merchant Wholesalers32.0966740
Telephone Call Centers32.0166580
Apparel Manufacturing31.8766280
Engineering Services31.8266190
Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers31.7966120
Paper and Paper Product Merchant Wholesalers31.6865900
Building Material and Garden Equipment and Supplies Dealers31.6665840
Automotive Parts, Accessories, and Tire Stores31.6365800
Agriculture, Construction, and Mining Machinery Manufacturing31.3665220
Chemical Manufacturing31.2364970
Rental and Leasing Services31.264890
Newspaper, Periodical, Book, and Directory Publishers31.1464770
Professional and Commercial Equipment and Supplies Merchant Wholesalers31.0264520
Merchant Wholesalers, Durable Goods30.9664390
Converted Paper Product Manufacturing30.8964240
Wholesale Trade30.5863600
Miscellaneous Durable Goods Merchant Wholesalers30.3463110
Chemical and Allied Products Merchant Wholesalers30.3163050
Activities Related to Real Estate30.2362870
Miscellaneous Nondurable Goods Merchant Wholesalers30.1962800
Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers30.1762760
Paper Manufacturing30.0462480
Merchant Wholesalers, Nondurable Goods29.9762340
Real Estate and Rental and Leasing29.962190
Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers29.8462070
Other Motor Vehicle Dealers29.8262030
Machinery, Equipment, and Supplies Merchant Wholesalers29.7661900
Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing29.6261610
Other Professional, Scientific, and Technical Services29.5561460
Accounting, Tax Preparation, Bookkeeping, and Payroll Services29.5261410
Commercial and Industrial Machinery and Equipment Rental and Leasing29.4761290
Electrical Equipment Manufacturing29.4661270
Fabricated Metal Product Manufacturing29.4161170
Real Estate29.3260980
Printing and Related Support Activities29.1760680
Food Manufacturing29.1260570
Electronic Shopping and Mail-Order Houses28.9960290
Grocery and Related Product Merchant Wholesalers28.8860070
Accommodation and Food Services28.7759850
Traveler Accommodation28.7759850
Machinery Manufacturing28.7259740
Drugs and Druggists' Sundries Merchant Wholesalers28.7259730
Architectural, Engineering, and Related Services28.6659620
Nonstore Retailers28.4259110
Other Fabricated Metal Product Manufacturing28.358860
Other Electrical Equipment and Component Manufacturing28.2458740
Miscellaneous Manufacturing28.2358720
State government, including schools and hospitals28.2158670
Petroleum and Petroleum Products Merchant Wholesalers27.9458120
Motor Vehicle Parts Manufacturing27.8557930
Commercial and Service Industry Machinery Manufacturing27.7357680
Engine, Turbine, and Power Transmission Equipment Manufacturing27.6957600
Arts, Entertainment, and Recreation27.6757560
Lumber and Other Construction Materials Merchant Wholesalers27.4557090
Other General Purpose Machinery Manufacturing27.4357060
Plastics Product Manufacturing27.3756940
Plastics and Rubber Products Manufacturing27.2756730
Electrical Equipment, Appliance, and Component Manufacturing27.0456250
Offices of Real Estate Agents and Brokers26.9255990
Colleges, Universities, and Professional Schools (including private, state, and local government schools)26.6955520
Amusement, Gambling, and Recreation Industries26.655320
Gambling Industries26.655320
Architectural and Structural Metals Manufacturing25.7453540
Nonmetallic Mineral Product Manufacturing25.6353300
Other Miscellaneous Manufacturing25.0952190
Wireless Telecommunications Carriers (except Satellite)24.6751320
Furniture and Related Product Manufacturing24.4450830
Educational Services, State government owned23.9149740
Colleges, universities, and professional schools, State government owned23.9149740
Air Transportation23.949710
Scheduled Air Transportation23.949710
Legal Services23.1848220
Electric Lighting Equipment Manufacturing22.2546290

Not all industries pay the same for Credit Analysts.

One of the easiest way to increase your salary is to change industries and find a higher paying one.

Highest paying states


Another simple way to boost your pay as A Credit Analyst is to move to a higher paying state. However moving to a higher paying state like NY doesn’t mean you will make more overall. This is because the expenses at NY may be 2x higher than where you are currently living at right now.

According to the BLS, the highest paid / most successful Credit Analysts are in the states of NY, DC, CT, CA and NC. The average salary in NY is $119290.

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Rank: B+
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They advise clients on financial plans using knowledge of tax and investment strategies, securities, insurance, pension plans, and real estate. Duties include assessing clients’ assets, liabilities, cash flow, insurance coverage, tax status, and financial objectives.

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Business and Finance
Business Financial Management and Accounting
Banking and Related Services, Financial and Investment Planning

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