How Much Does A Credit Analyst Make?

People who are applying for credit or loans can be sure that their application and documents go through the very sharp eye of the credit analyst. They are the financial analysts who are responsible for reviewing the loan applications and deciding whether or not credit should be given or the amount that should be granted.

Two good reasons to become a credit analyst are that they receive pretty good wages and the employment rate for this profession is very positive in the next few years.

Average Credit Analyst Annual Salary

$81,160

The average annual salary for credit analysts is $81,160 a year. Salaries start at $40,860 a year and go up to $137,730 a year.

Average Credit Analyst Hourly Wage

$39.02

The average hourly wage for a credit analyst is $39.02. Hourly wages were between $19.64 and $66.21 an hour.

Stats were based out of 72,930 employed credit analysts in the United States.

Does Your Pay Depend On Your Experience?

Executive Credit Analyst

$137,730/year $66.21/hour

(Top 10% of Credit Analysts)


Senior Credit Analyst

$96,910/year $46.59/hour

(Top 25% of Credit Analysts)


Mid Level Credit Analyst

$69,930/year $33.62/hour

(Median)


Junior Credit Analyst

$52,510/year $25.25/hour

(Bottom 25% of Credit Analysts)


Entry Level Credit Analyst

$40,860/year $19.64/hour

(Bottom 10% of Credit Analysts)


Credit Analyst Average Salary Comparison

Personal Financial Advisors
$123k / year
$59 / hour
Financial Analysts
$97k / year
$46 / hour
Financial Examiners
$88k / year
$42 / hour
Credit Analysts
$81k / year
$39 / hour
Budget Analysts
$77k / year
$37 / hour
Loan Officers
$76k / year
$36 / hour
Financial Specialists, All Other
$76k / year
$36 / hour
Accountants and Auditors
$76k / year
$36 / hour
Insurance Underwriters
$75k / year
$36 / hour
Appraisers and Assessors of Real Estate
$58k / year
$27 / hour

Top 10 Highest Paying States For Credit Analysts

Top 10 Highest Paying Cities For Credit Analysts

Credit Analyst Salary By State

Rank State Hourly Rate Annual Salary
#1 New York $57.42 $119,430
#2 District of Columbia $50.16 $104,330
#3 Connecticut $44.26 $92,060
#4 California $43.66 $90,820
#5 North Carolina $41.46 $86,230
#6 Virginia $39.83 $82,840
#7 Texas $39.37 $81,880
#8 Minnesota $39.32 $81,780
#9 Washington $39.24 $81,610
#10 Massachusetts $38.94 $80,980
#11 New Jersey $37.56 $78,130
#12 New Hampshire $37.08 $77,120
#13 Nevada $36.96 $76,880
#14 Colorado $36.47 $75,850
#15 Arizona $36.37 $75,650
#16 Florida $35.81 $74,480
#17 Oregon $35.64 $74,140
#18 Maine $34.87 $72,530
#19 Kentucky $34.86 $72,510
#20 Delaware $34.79 $72,360
#21 Ohio $34.64 $72,040
#22 Rhode Island $34.57 $71,900
#23 Pennsylvania $34.49 $71,740
#24 Idaho $33.87 $70,440
#25 Missouri $33.87 $70,450
#26 Tennessee $33.83 $70,360
#27 Nebraska $33.63 $69,960
#28 Arkansas $33.38 $69,440
#29 Mississippi $33.27 $69,200
#30 Georgia $33.25 $69,150
#31 Iowa $32.98 $68,600
#32 Illinois $32.69 $68,000
#33 Louisiana $32.53 $67,650
#34 Vermont $32.37 $67,330
#35 Kansas $32.25 $67,080
#36 South Carolina $32.16 $66,900
#37 Wisconsin $32.06 $66,670
#38 Maryland $31.79 $66,120
#39 Alabama $31.34 $65,190
#40 Hawaii $31.27 $65,040
#41 Utah $30.18 $62,770
#42 South Dakota $29.74 $61,850
#43 West Virginia $29.72 $61,820
#44 New Mexico $29.17 $60,680
#45 Montana $28.76 $59,820
#46 Oklahoma $28.65 $59,580
#47 Michigan $28.63 $59,550
#48 Indiana $28.58 $59,450
#49 North Dakota $28.23 $58,720
#50 Guam $26.50 $55,120
#51 Wyoming $23.40 $48,660
#52 Puerto Rico $19.25 $40,030

Data provided by the Bureau of Labor Statistics (BLS).

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