Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between commercial credit analysts and analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become a commercial credit analyst, becoming an analyst takes usually requires 2-4 years. Additionally, an analyst has an average salary of $73,007, which is higher than the $66,482 average annual salary of a commercial credit analyst.
The top three skills for a commercial credit analyst include credit analysis, customer service and strong analytical. The most important skills for an analyst are customer service, troubleshoot, and data analysis.
| Commercial Credit Analyst | Analyst | |
| Yearly salary | $66,482 | $73,007 |
| Hourly rate | $31.96 | $35.10 |
| Growth rate | 4% | 11% |
| Number of jobs | 42,862 | 253,138 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 67% |
| Average age | 39 | 44 |
| Years of experience | 2 | 4 |
A commercial credit analyst is primarily in charge of assessing a client's credit or loan application, ensuring that they are fit to uphold financial obligations. Their responsibilities typically revolve around coordinating different departments to gather necessary client data, reviewing financial histories, verifying the authenticity of requirements, and developing financial profiles. Moreover, a commercial credit analyst may perform research and analysis to identify new business opportunities, produce progress and sales reports, monitor the payment progress of clients, and maintain a record of all transactions.
Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes. They also research industry trends and data to make sound inferences and recommendations on what the company should do to improve their numbers. Analysts recommend business solutions and often help the organization roll out these solutions. They ensure that the proposed action plans are effective and produce the desired results.
Commercial credit analysts and analysts have different pay scales, as shown below.
| Commercial Credit Analyst | Analyst | |
| Average salary | $66,482 | $73,007 |
| Salary range | Between $46,000 And $94,000 | Between $53,000 And $99,000 |
| Highest paying City | Burlingame, CA | Jersey City, NJ |
| Highest paying state | California | New Jersey |
| Best paying company | HSBC Bank | The Citadel |
| Best paying industry | Automotive | Technology |
There are a few differences between a commercial credit analyst and an analyst in terms of educational background:
| Commercial Credit Analyst | Analyst | |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between commercial credit analysts' and analysts' demographics:
| Commercial Credit Analyst | Analyst | |
| Average age | 39 | 44 |
| Gender ratio | Male, 61.6% Female, 38.4% | Male, 52.4% Female, 47.6% |
| Race ratio | Black or African American, 7.9% Unknown, 2.7% Hispanic or Latino, 9.6% Asian, 10.5% White, 69.0% American Indian and Alaska Native, 0.3% | Black or African American, 7.4% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.3% White, 65.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 11% | 12% |