Credit analyst salary

Q: How much does a credit analyst make?

The average credit analyst salary in the United States is $61,422. Credit analyst salaries typically range between $40,000 and $93,000 yearly. The average hourly rate for credit analysts is $29.53 per hour. Credit analyst salary is impacted by location, education, and experience. Credit analysts earn the highest average salary in New York.

Q: What state pays Credit Analysts the most?

New York pays Credit Analysts the most in the United States, with an average salary of $101,509 per year, or $48.80 per hour.

Q: How do I know if I'm being paid fairly as a credit analyst?

You know if you are being paid fairly as a credit analyst if your pay is close to the average pay for the state you live in. For example, if you live in District of Columbia you should be paid close to $77,048 per year.

Q: What is a good starting salary for a Credit Analyst?

A good starting salary for a credit analyst is $42,000 in the United States. That puts you in the 10th percentile of annual income for a credit analyst in the U.S., which is about what you would expect if you were new to the field. The average salary for credit analysts is $62,866, but that normally requires some level of experience to achieve. Furthermore, a good starting salary for a credit analyst can vary by state.

Q: Do credit analysts make good money?

Yes, credit analysts make good money. The average salary for an early to mid-career credit analyst is $55,844 a year, while a senior credit analyst can earn over $68,000 a year. However, there is also a significant amount of variability in how much a credit analyst can make. It can range from as low as $47,000 a year to as high as $120,000 a year. Factors such as company type and location impact how much a credit analyst can make.

Q: How much does a credit analyst make in Australia?

A credit analyst in Australia earns around 82,200 AUD per year ($61,500 USD). However, this can range considerably, from as low as $41,100 AUD ($30,825 USD) to as high as $127,000 AUD ($95,250 USD) a year.

Average credit analyst salary

$61,422

$29.53 hourly rate

Entry-level credit analyst salary

$40,000 yearly salary

Updated December 15, 2025

Understanding Credit Analyst Salaries

As of October 2025, the average salary for a Credit Analyst stands at $61,422 annually, which breaks down to approximately $30 per hour. This position is crucial for evaluating creditworthiness and risk associated with lending decisions, making it a key role in financial institutions.

Salaries for credit analysts can vary widely due to factors such as geographic location, years of experience, and the specific industry. For example, analysts in urban areas or specialized finance sectors often command higher salaries compared to those in smaller markets.

In addition, professionals with more experience typically see their earnings increase significantly. Entry-level positions may start lower, while seasoned analysts can earn upwards of $80,000 or more, especially in high-demand markets.

Understanding these salary dynamics can help aspiring credit analysts make informed career choices. For those interested in pursuing this career, it is advisable to focus on gaining relevant experience and certifications, as these can enhance job prospects and potential earnings.

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Credit analyst salary by:

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Where can a Credit Analyst earn more?

Compare salary by location

127k

107k

87k

67k

47k

27k

Columbus, OH$101,682

Coral Gables, FL$56,612

Compare salary by company

154k

134k

114k

94k

74k

Apollo Global Management$126,470

Bunge$103,961

Credit analyst salary estimates from across the web

Based on the latest salary information compiled by Zippia, Salary.com, Indeed, Glassdoor, Ziprecruiter, Comparably, Payscale and CareerExplorer, the average salary for a credit analyst typically falls between $57,901 and $121,747.

zippia

$61,422yearly

glassdoor[1]

$72,494yearly

indeed[2]

$69,212yearly

comparably[3]

$121,747yearly

Salary.com[4]

$58,298yearly

ZipRecruiter[5]

$64,697yearly

payscale[6]

$57,901yearly

CareerExplorer[7]

$77,440yearly

Average credit analyst salary by state

The average credit analyst salary in New York, Delaware, and Massachusetts are the highest in the U.S. The lowest average credit analyst salary states are Arkansas, Oklahoma, and Mississippi.

State view
County view

Average salary:

Highest paying states for credit analysts

Rank	State	Avg. salary	Hourly rate
1	New York	$101,509	$48.80
2	Delaware	$76,318	$36.69
3	District of Columbia	$77,048	$37.04
4	Massachusetts	$75,930	$36.50
5	Rhode Island	$71,499	$34.37
6	Connecticut	$75,385	$36.24
7	New Jersey	$74,225	$35.69
8	Virginia	$68,610	$32.99
9	Pennsylvania	$69,479	$33.40
10	Maryland	$69,356	$33.34
11	New Hampshire	$75,141	$36.13
12	Vermont	$72,486	$34.85
13	North Carolina	$65,469	$31.48
14	Wyoming	$66,344	$31.90
15	Minnesota	$63,273	$30.42
16	California	$65,846	$31.66
17	Ohio	$60,087	$28.89
18	Illinois	$59,763	$28.73
19	Nevada	$62,025	$29.82
20	West Virginia	$63,227	$30.40
21	Oregon	$60,398	$29.04
22	Colorado	$57,831	$27.80
23	North Dakota	$56,075	$26.96
24	Washington	$60,958	$29.31
25	Maine	$62,679	$30.13
26	Iowa	$59,976	$28.83
27	Wisconsin	$57,205	$27.50
28	South Dakota	$55,960	$26.90
29	Florida	$56,804	$27.31
30	Texas	$52,365	$25.18
31	Michigan	$53,515	$25.73
32	Arizona	$49,805	$23.94
33	Hawaii	$49,352	$23.73
34	Alabama	$53,867	$25.90
35	Montana	$54,428	$26.17
36	Kentucky	$55,197	$26.54
37	South Carolina	$54,568	$26.23
38	Kansas	$52,468	$25.23
39	Georgia	$52,803	$25.39
40	Nebraska	$50,782	$24.41
41	Alaska	$46,699	$22.45
42	Missouri	$47,179	$22.68
43	Indiana	$48,345	$23.24
44	Utah	$43,609	$20.97
45	Tennessee	$47,012	$22.60
46	New Mexico	$47,793	$22.98
47	Arkansas	$45,329	$21.79
48	Idaho	$42,866	$20.61
49	Mississippi	$44,673	$21.48
50	Oklahoma	$44,715	$21.50
51	Louisiana	$42,563	$20.46

Top credit analyst jobs near you

Highest paying cities for credit analysts

The highest-paying cities for credit analysts are New York, NY, Washington, DC, and Wilmington, DE.

Rank	City	Avg. salary	Hourly rate
1	New York, NY	$101,682	$48.89
2	Washington, DC	$77,123	$37.08
3	Wilmington, DE	$76,456	$36.76
4	Boston, MA	$75,899	$36.49
5	Stamford, CT	$75,291	$36.20
6	Philadelphia, PA	$69,849	$33.58
7	Arlington, VA	$69,634	$33.48
8	San Francisco, CA	$69,324	$33.33
9	Gaithersburg, MD	$69,166	$33.25
10	Wilmington, NC	$64,974	$31.24
11	Portland, ME	$63,346	$30.45
12	Minneapolis, MN	$63,261	$30.41
13	Las Vegas, NV	$61,645	$29.64
14	Seattle, WA	$61,288	$29.47
15	Portland, OR	$60,121	$28.90
16	Chicago, IL	$60,050	$28.87
17	Columbus, OH	$59,877	$28.79
18	Denver, CO	$57,834	$27.80
19	Milwaukee, WI	$57,311	$27.55
20	Coral Gables, FL	$56,612	$27.22

Credit Analysts are the most in-demand in these five cities:

Credit analyst salary details

A credit analyst's salary ranges from $40,000 a year at the 10th percentile to $93,000 at the 90th percentile.

Average credit analyst salary graph, trends, and summary

What is a credit analyst's salary?

Percentile	Annual salary	Monthly salary	Hourly rate
90th Percentile	$93,000	$7,750	$45
75th Percentile	$76,000	$6,333	$37
Average	$61,422	$5,119	$30
25th Percentile	$49,000	$4,083	$24
10th Percentile	$40,000	$3,333	$19

Highest paying credit analyst jobs

The highest paying types of credit analysts are credit officer, investigative analyst, and senior fraud analyst.

Job title	Annual salary	Monthly salary	Hourly rate	Job openings
Accounts Receivable Analyst	$43,692	$3,641	$21.01	26,558
Credit Officer	$129,478	$10,790	$62.25	60,323
Investment Banking Analyst	$60,598	$5,050	$29.13	52,791
Credit Representative	$39,268	$3,272	$18.88	73,520
Loan Analyst	$37,857	$3,155	$18.20	24,756
Investment Analyst	$79,056	$6,588	$38.01	63,003

Top companies hiring credit analysts now:

Which companies pay credit analysts the most?

Credit analyst salaries at Apollo Global Management and Google are the highest-paying according to our most recent salary estimates. In addition, the average credit analyst salary at companies like Oak Hill Advisors and Pacific Investment Management Company LLC are highly competitive.

Rank	Company	Average salary	Hourly rate
1	Apollo Global Management	$126,470	$60.80
2	Google	$122,871	$59.07
3	Oak Hill Advisors	$122,652	$58.97
4	Pacific Investment Management Company LLC	$117,477	$56.48
5	Cadence Design Systems	$116,391	$55.96
6	PayPal	$115,763	$55.66
7	Moody's	$112,668	$54.17
8	First Republic Bank	$110,683	$53.21
9	PBF Energy	$107,697	$51.78
10	Standard Chartered	$106,638	$51.27
11	Barclays	$106,475	$51.19
12	Western Alliance Bank	$106,374	$51.14
13	Silicon Valley Bank	$106,131	$51.02
14	Credit Suisse	$106,032	$50.98
15	CIBC World Markets	$105,611	$50.77
16	Jefferies	$104,455	$50.22
17	Deutsche Bank	$104,333	$50.16
18	Goldman Sachs	$104,305	$50.15
19	UBS	$104,172	$50.08
20	Bunge	$103,961	$49.98

Wage gap by gender, race and education

$68,000$66,400$64,800$63,200$61,600$60,000

MaleFemale

Credit analyst salary trends

The average credit analyst salary has risen by $11,667 over the last ten years. In 2014, the average credit analyst earned $49,755 annually, but today, they earn $61,422 a year. That works out to a 7% change in pay for credit analysts over the last decade.

Compare credit analyst salaries for cities or states with the national average over time.

Average credit analyst salary over time

Compare credit analyst salaries for individual cities or states with the national average.

Credit analyst salary by year

Year	Avg. salary	Hourly rate	% Change
2025	$61,400	$29.53	+1.8%
2024	$60,300	$29.01	+2.9%
2023	$58,600	$28.17	+0.3%
2022	$58,400	$28.08	+1.9%
2021	$57,300	$27.54	+0.4%

Recently added credit analyst salaries

Company	Job	Location	Date added	Salary
American Century Companies	Municipal Credit Analyst	Santa Clara, CA	06/30/2025	$115,000
Wheels	Credit Analyst	Schaumburg, IL	06/30/2025	$58,100
Byline Bank	Credit Analyst, Byline Financial Group (Hybrid)	Bannockburn, IL	06/29/2025	$61,000
Lennox International	Credit Analyst	Richardson, TX	06/29/2025	$70,000
Bankeasy	Credit Analyst II	Roseville, MN	06/29/2025	$63,545
Commerce Bancshares	Credit Review Analyst	Kansas City, MO	06/28/2025	$54,784
Us Bank	Equipment Finance Credit Analyst	Gresham, OR	06/28/2025	$81,515
Presbyterian Healthcare Services	Credit Balance Specialist-Patient Accounting	Albuquerque, NM	06/28/2025	$48,084
Uline	Credit Analyst	Waukegan, IL	06/28/2025	$50,088
Parafin	Credit & Underwriting Analyst	San Francisco, CA	06/28/2025	$135,000

Credit analyst salary FAQs

What state pays Credit Analysts the most?

How do I know if I'm being paid fairly as a credit analyst?

What is a good starting salary for a Credit Analyst?

Do credit analysts make good money?

How much does a credit analyst make in Australia?

Have more questions? See all answers to common business and financial questions.

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Updated December 15, 2025

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