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The differences between commercial credit analysts and 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 $61,751 average annual salary of an underwriter.
The top three skills for a commercial credit analyst include credit analysis, customer service and strong analytical. The most important skills for an underwriter are customer service, investor guidelines, and mortgage loans.
| Commercial Credit Analyst | Underwriter | |
| Yearly salary | $66,482 | $61,751 |
| Hourly rate | $31.96 | $29.69 |
| Growth rate | 4% | -4% |
| Number of jobs | 42,862 | 8,510 |
| Job satisfaction | - | 3 |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 66% |
| 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.
An underwriter's duties depend on the line of work or industry involved, such as mortgage companies, insurance, or lending firms. However, an Underwriter's responsibility will mainly revolve around using their extensive expertise on how a company will achieve financial gains, and assessing the possible financial risks of a client by reviewing various aspects to determine their capacity to uphold monetary obligations. Most of the time, the Underwriter's tasks will also involve evaluating a client's credit history, health, assets, overall financial history.
Commercial credit analysts and underwriters have different pay scales, as shown below.
| Commercial Credit Analyst | Underwriter | |
| Average salary | $66,482 | $61,751 |
| Salary range | Between $46,000 And $94,000 | Between $39,000 And $96,000 |
| Highest paying City | Burlingame, CA | Boston, MA |
| Highest paying state | California | Massachusetts |
| Best paying company | HSBC Bank | |
| Best paying industry | Automotive | Manufacturing |
There are a few differences between a commercial credit analyst and an underwriter in terms of educational background:
| Commercial Credit Analyst | Underwriter | |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between commercial credit analysts' and underwriters' demographics:
| Commercial Credit Analyst | Underwriter | |
| Average age | 39 | 44 |
| Gender ratio | Male, 61.6% Female, 38.4% | Male, 38.4% Female, 61.6% |
| 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, 9.2% Unknown, 2.5% Hispanic or Latino, 9.6% Asian, 5.6% White, 72.7% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 11% | 9% |