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What is a Commercial Credit Analyst

Commercial credit analysts measure the creditworthiness of companies to evaluate their ability to repay loans and credit lines, particularly those used to buy vehicles and other products. Their duties include the creation of financial profiles and the investigation of credit history.

Before making a conclusion, commercial credit analysts often equate how much capital and net assets a company has in hand with how much it owes. They are normally hired by banks, government departments, or other commercial lenders. Commercial credit analysts are quantitative thinkers with the ability to deal with a wide variety of factors and to make complex decisions. Strong communication and leadership skills are important for functioning as a team member and communicating with managers and customers.

Many commercial credit analysts have a bachelor's degree in business, banking, economics, or accounting. They can take courses in business, risk management, mathematics, and statistics as undergraduates. Training on the application of popular business applications and computer technologies will also be useful.

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 $31.93 an hour? That's $66,406 a year!

Between 2018 and 2028, the career is expected to grow 8% and produce 24,300 job opportunities across the U.S.

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 Initiative, Detail oriented and Interpersonal skills.

Learn more about what a Commercial Credit Analyst does

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 80.0% of Commercial Credit Analysts have a bachelor's degree. In terms of higher education levels, we found that 13.4% 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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And if you’re looking for a job, here are the five top employers hiring now:

  1. Citigroup Jobs (15)
  2. JPMorgan Chase & Co. Jobs (19)
  3. Fifth Third Bank Jobs (17)
  4. Mercantile Bank of Michigan Jobs (15)
  5. Ford Motor Jobs (22)
Average Salary
$66,406
Average Salary
Job Growth Rate
8%
Job Growth Rate
Job Openings
52,711
Job Openings
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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 $66,406 per year or $32 per hour. The top 10 percent makes over $97,000 per year, while the bottom 10 percent under $45,000 per year.
Average Salary
$66,406
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How much should you be earning as an Commercial Credit Analyst? Use Zippia's Salary Calculator to get an estimation of how much you should be earning.
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Choose From 10+ Customizable Commercial Credit Analyst Resume templates

Zippia allows you to choose from different easy-to-use Commercial Credit Analyst templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Commercial Credit Analyst resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

Commercial Credit Analyst Resume
Commercial Credit Analyst Resume
Commercial Credit Analyst Resume
Commercial Credit Analyst Resume
Commercial Credit Analyst Resume
Commercial Credit Analyst Resume
Commercial Credit Analyst Resume
Commercial Credit Analyst Resume
Commercial Credit Analyst Resume
Commercial Credit Analyst Resume
Commercial Credit Analyst Resume
Commercial Credit Analyst Resume
Commercial Credit Analyst Resume
Commercial Credit Analyst Resume
Commercial Credit Analyst Resume
Commercial Credit Analyst Resume

Commercial Credit Analyst Demographics

Commercial Credit Analyst Gender Distribution

Male
Male
62%
Female
Female
38%

After extensive research and analysis, Zippia's data science team found that:

  • Among Commercial Credit Analysts, 38.4% of them are women, while 61.6% are men.

  • The most common race/ethnicity among Commercial Credit Analysts is White, which makes up 64.0% of all Commercial Credit Analysts.

  • The most common foreign language among Commercial Credit Analysts is Spanish at 40.5%.

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Commercial Credit Analyst Education

Commercial Credit Analyst Majors

33.1 %
32.5 %

Commercial Credit Analyst Degrees

Bachelors

80.0 %

Masters

13.4 %

Associate

5.0 %

Top Colleges for Commercial Credit Analysts

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

4. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition
$9,808
Enrollment
13,990

5. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

6. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018

7. Bentley University

Waltham, MA • Private

In-State Tuition
$49,880
Enrollment
4,177

8. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

9. SUNY Stony Brook

Stony Brook, NY • Private

In-State Tuition
$9,625
Enrollment
17,407

10. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339
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Online Courses For Commercial Credit Analyst That You May Like

Credit Risk Analysis
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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, 15.7% of Commercial Credit Analysts listed Financial Statements on their resume, but soft skills such as Initiative and Detail oriented 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 California, New York, West Virginia, and Oregon. Commercial Credit Analysts make the most in California with an average salary of $93,980. Whereas in New York and West Virginia, they would average $90,065 and $78,853, respectively. While Commercial Credit Analysts would only make an average of $78,217 in Oregon, 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. California

Total Commercial Credit Analyst Jobs:
2,515
Highest 10% Earn:
$129,000
Location Quotient:
1.16
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. New York

Total Commercial Credit Analyst Jobs:
1,055
Highest 10% Earn:
$128,000
Location Quotient:
1.11
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 Dakota

Total Commercial Credit Analyst Jobs:
66
Highest 10% Earn:
$108,000
Location Quotient:
0.96
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
Full List Of Best States For Commercial Credit Analysts

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Top Commercial Credit Analyst Employers

Most Common Employers For Commercial Credit Analyst

RankCompanyZippia ScoreAverage Commercial Credit Analyst SalaryAverage Salary
1$93,841
2$71,714
3$68,769
4$68,080
5$67,983
6
6.Chemical Bank
$66,863

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