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The differences between commercial credit analysts and commercial underwriters can be seen in a few details. Each job has different responsibilities and duties. Additionally, a commercial credit analyst has an average salary of $66,482, which is higher than the $59,051 average annual salary of a commercial underwriter.
The top three skills for a commercial credit analyst include credit analysis, customer service and strong analytical. The most important skills for a commercial underwriter are real estate, customer service, and financial analysis.
| Commercial Credit Analyst | Commercial Underwriter | |
| Yearly salary | $66,482 | $59,051 |
| Hourly rate | $31.96 | $28.39 |
| Growth rate | 4% | -4% |
| Number of jobs | 42,862 | 31,908 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 75% |
| Average age | 39 | 44 |
| Years of experience | 2 | - |
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.
A commercial underwriter is responsible for processing commercial loan applications, evaluating payment agreements and terms of service, validating customers' information, and requesting additional documents as needed. Commercial underwriters analyze the credit qualifications of an applicant, including financial history, account statements, and outstanding loan applications, if any. They identify potential credit risks for the loan request and advice the applicants for alternative loan options according to their needs and qualifications. A commercial underwriter responds to the applicants' inquiries and concerns regarding their loan applications and provides timely decisions for their requests.
Commercial credit analysts and commercial underwriters have different pay scales, as shown below.
| Commercial Credit Analyst | Commercial Underwriter | |
| Average salary | $66,482 | $59,051 |
| Salary range | Between $46,000 And $94,000 | Between $41,000 And $84,000 |
| Highest paying City | Burlingame, CA | Olympia, WA |
| Highest paying state | California | Washington |
| Best paying company | HSBC Bank | J.P. Morgan |
| Best paying industry | Automotive | Finance |
There are a few differences between a commercial credit analyst and a commercial underwriter in terms of educational background:
| Commercial Credit Analyst | Commercial Underwriter | |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 75% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between commercial credit analysts' and commercial underwriters' demographics:
| Commercial Credit Analyst | Commercial Underwriter | |
| Average age | 39 | 44 |
| Gender ratio | Male, 61.6% Female, 38.4% | Male, 48.7% Female, 51.3% |
| 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, 9.9% Unknown, 2.5% Hispanic or Latino, 9.3% Asian, 5.5% White, 72.4% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 11% | 9% |