How Much Do Credit Analysts Make in 2021 (including Starting Salary)

Stan T.Career, SalaryLeave a Comment

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.

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Table of contents
  1. Average salary
  2. Starting salary
  3. Salary rank
  4. Salary range
  5. Highest paying states
  6. Highest paying industries

Average salary

Annual salary
$86170 per year
Hourly wage
$41 per hour

Starting salary

Entry-level annual salary
$44,250 to $56,120 per year
Entry-level hourly wage
$21 to $27 per hour

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

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

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