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The differences between commercial credit analysts and loan administrators 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 a loan administrator takes usually requires 4-6 years. Additionally, a commercial credit analyst has an average salary of $66,482, which is higher than the $42,859 average annual salary of a loan administrator.
The top three skills for a commercial credit analyst include credit analysis, customer service and strong analytical. The most important skills for a loan administrator are customer service, data entry, and loan administration.
| Commercial Credit Analyst | Loan Administrator | |
| Yearly salary | $66,482 | $42,859 |
| Hourly rate | $31.96 | $20.61 |
| Growth rate | 4% | 4% |
| Number of jobs | 42,862 | 63,708 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 58% |
| Average age | 39 | 45 |
| Years of experience | 2 | 6 |
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 Loan Administrator is a person that takes care of all the documentation part of the loan process. Loans require a lot of documents and requirements, and a loan administrator is a person that helps the client accomplish all these requirements. It is also their job to help clients resolve issues and problems during the loan process. A Loan Administrator is a crucial and hectic job. The one qualified for this position must be good at handling pressure, be good at resolving issues, handle complaints, and communicate with people.
Commercial credit analysts and loan administrators have different pay scales, as shown below.
| Commercial Credit Analyst | Loan Administrator | |
| Average salary | $66,482 | $42,859 |
| Salary range | Between $46,000 And $94,000 | Between $31,000 And $59,000 |
| Highest paying City | Burlingame, CA | Seattle, WA |
| Highest paying state | California | Hawaii |
| Best paying company | HSBC Bank | BNY Mellon |
| Best paying industry | Automotive | Finance |
There are a few differences between a commercial credit analyst and a loan administrator in terms of educational background:
| Commercial Credit Analyst | Loan Administrator | |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 58% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between commercial credit analysts' and loan administrators' demographics:
| Commercial Credit Analyst | Loan Administrator | |
| Average age | 39 | 45 |
| Gender ratio | Male, 61.6% Female, 38.4% | Male, 23.2% Female, 76.8% |
| 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, 9.3% Unknown, 4.6% Hispanic or Latino, 16.2% Asian, 6.4% White, 63.0% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 11% | 8% |