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The differences between credit analysts and credit administrators can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both a credit analyst and a credit administrator. Additionally, a credit analyst has an average salary of $61,422, which is higher than the $59,271 average annual salary of a credit administrator.
The top three skills for a credit analyst include customer service, credit analysis and customer accounts. The most important skills for a credit administrator are financial statements, credit card payments, and real estate.
| Credit Analyst | Credit Administrator | |
| Yearly salary | $61,422 | $59,271 |
| Hourly rate | $29.53 | $28.50 |
| Growth rate | -5% | -8% |
| Number of jobs | 16,406 | 55,726 |
| Job satisfaction | - | 2 |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 63% |
| Average age | 39 | 39 |
| Years of experience | 2 | 2 |
A credit analyst's role is to assess and determine a client's capacity to uphold financial obligations when applying for loans or credit programs. Working for creditors like banks and lending firms, a credit analyst must interpret and analyze financial data and personal records, identify inconsistencies and risks, and verify necessary documentation in support of loan committees. Furthermore, a credit analyst must also perform administrative tasks such as preparing reports and applications, fulfilling document requests, reaching out to clients, and coordinating with colleagues to assure accuracy in all operations.
A credit administrator oversees the credit operations in a company, ensuring efficiency and client satisfaction. They typically conduct research and analysis, handle credit portfolios, perform credit risk assessments, monitor credit accounts, validate requirements, evaluate applications, and develop strategies to optimize operations. A credit administrator may also perform a variety of clerical tasks such as preparing and processing documents, answering calls and correspondence, organizing information, and maintaining records. Moreover, they must lead and encourage staff to reach goals, all while enforcing and promoting the company's policies and regulations.
Credit analysts and credit administrators have different pay scales, as shown below.
| Credit Analyst | Credit Administrator | |
| Average salary | $61,422 | $59,271 |
| Salary range | Between $40,000 And $93,000 | Between $33,000 And $106,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Apollo Global Management | BNY Mellon |
| Best paying industry | Finance | - |
There are a few differences between a credit analyst and a credit administrator in terms of educational background:
| Credit Analyst | Credit Administrator | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 63% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between credit analysts' and credit administrators' demographics:
| Credit Analyst | Credit Administrator | |
| Average age | 39 | 39 |
| Gender ratio | Male, 44.2% Female, 55.8% | Male, 28.4% Female, 71.6% |
| Race ratio | Black or African American, 7.7% Unknown, 2.6% Hispanic or Latino, 9.5% Asian, 10.5% White, 69.4% American Indian and Alaska Native, 0.3% | Black or African American, 8.1% Unknown, 2.7% Hispanic or Latino, 10.0% Asian, 9.4% White, 69.5% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |