Working as a Commercial Credit Analyst

There is more than meets the eye when it comes to being a commercial credit analyst. For example, did you know that they make an average of $26.52 an hour? That's $55,154 a year!

What Does a Commercial Credit Analyst Do

There are certain skills that many commercial credit analysts have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, math skills and interpersonal skills.

When it comes to the most important skills required to be a commercial credit analyst, we found that a lot of resumes listed 15.1% of commercial credit analysts included financial statements, while 8.1% of resumes included loan portfolio, and 8.0% of resumes included loan applications. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the commercial credit analyst job title. But what industry to start with? Most commercial credit analysts actually find jobs in the finance and manufacturing industries.

How To Become a Commercial Credit Analyst

If you're interested in becoming a commercial credit analyst, one of the first things to consider is how much education you need. We've determined that 57.1% of commercial credit analysts have a bachelor's degree. In terms of higher education levels, we found that 33.4% of commercial credit analysts have master's degrees. Even though most commercial credit analysts have a college degree, it's impossible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a commercial credit analyst. When we researched the most common majors for a commercial credit analyst, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on commercial credit analyst resumes include associate degree degrees or high school diploma degrees.

You may find that experience in other jobs will help you become a commercial credit analyst. In fact, many commercial credit analyst jobs require experience in a role such as credit analyst. Meanwhile, many commercial credit analysts also have previous career experience in roles such as customer service representative or internship.

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Average Salary$55,154
Job Growth Rate%

Commercial Credit Analyst Jobs

Commercial Credit Analyst Career Paths

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Average Salary for a Commercial Credit Analyst

Commercial Credit Analysts in America make an average salary of $55,154 per year or $27 per hour. The top 10 percent makes over $71,000 per year, while the bottom 10 percent under $42,000 per year.
Average Salary
$55,154

Best Paying Cities

City
Average Salary

Recently Added Salaries

Job TitleCompanyCompanyStart DateSalary
Commercial Credit Analyst II
Commercial Credit Analyst II
Amplify Credit Union
Amplify Credit Union
06/21/2020
06/21/2020
$57,00006/21/2020
$57,000
Commercial Credit Analyst
Commercial Credit Analyst
State Employees Credit Union
State Employees Credit Union
06/06/2020
06/06/2020
$58,24806/06/2020
$58,248
Commercial Credit Analyst Clerk
Commercial Credit Analyst Clerk
Randstad
Randstad
05/22/2020
05/22/2020
$33,39205/22/2020
$33,392
Commercial Credit Analyst
Commercial Credit Analyst
Randstad
Randstad
05/21/2020
05/21/2020
$65,00005/21/2020
$65,000
Commercial Credit Analyst
Commercial Credit Analyst
State Employees Credit Union
State Employees Credit Union
05/10/2020
05/10/2020
$58,24805/10/2020
$58,248
See More Recent Salaries

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Commercial Credit Analyst Demographics

Gender

Male

59.1 %

Female

36.4 %

Unknown

4.6 %
Ethnicity

White

62.5 %

Hispanic or Latino

12.8 %

Black or African American

11.8 %
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Foreign Languages Spoken

Spanish

40.5 %

French

11.4 %

Mandarin

7.6 %
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Commercial Credit Analyst Education

Schools

DePaul University

9.8 %

Michigan State University

7.3 %

Grand Valley State University

7.3 %

University of Connecticut

5.7 %
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Majors

Finance

35.1 %

Business

32.8 %

Accounting

12.6 %

Economics

3.8 %
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Degrees

Bachelors

57.1 %

Masters

33.4 %

Associate

3.7 %

Certificate

2.7 %
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Entry Level Jobs For Becoming A Commercial Credit Analyst

Job type you want
Full Time
Part Time
Internship
Temporary

Top Skills For a Commercial Credit Analyst

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 15.1% of commercial credit analysts listed financial statements on their resume, but soft skills such as analytical skills and math skills are important as well.

Best States For a Commercial Credit Analyst

Some places are better than others when it comes to starting a career as a commercial credit analyst. The best states for people in this position are New York, Alaska, California, and Mississippi. Commercial credit analysts make the most in New York with an average salary of $74,567. Whereas in Alaska and California, they would average $70,433 and $66,605, respectively. While commercial credit analysts would only make an average of $65,045 in Mississippi, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. New York

Total Commercial Credit Analyst Jobs:
782
Highest 10% Earn:
$116,000
Location Quotient:
1.38
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Nebraska

Total Commercial Credit Analyst Jobs:
71
Highest 10% Earn:
$87,000
Location Quotient:
1.19
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. North Carolina

Total Commercial Credit Analyst Jobs:
339
Highest 10% Earn:
$94,000
Location Quotient:
0.97
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
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Top Commercial Credit Analyst Employers

1. Bank of America
4.8
Avg. Salary: 
$56,114
Commercial Credit Analysts Hired: 
55+
2. U.S. Bank
4.8
Avg. Salary: 
$43,726
Commercial Credit Analysts Hired: 
37+
3. Wells Fargo
4.8
Avg. Salary: 
$42,050
Commercial Credit Analysts Hired: 
36+
4. BB&T
4.7
Avg. Salary: 
$41,847
Commercial Credit Analysts Hired: 
22+
5. Ford Motor Company
4.8
Avg. Salary: 
$55,286
Commercial Credit Analysts Hired: 
22+
6. Peoples Bank
4.4
Avg. Salary: 
$43,556
Commercial Credit Analysts Hired: 
21+

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Recently Added Commercial Credit Analyst Jobs

Updated October 2, 2020