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The differences between credit assistants and senior credit analysts 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 assistant and a senior credit analyst. Additionally, a senior credit analyst has an average salary of $86,364, which is higher than the $33,741 average annual salary of a credit assistant.
The top three skills for a credit assistant include data entry, financial statements and customer service. The most important skills for a senior credit analyst are credit analysis, customer service, and real estate.
| Credit Assistant | Senior Credit Analyst | |
| Yearly salary | $33,741 | $86,364 |
| Hourly rate | $16.22 | $41.52 |
| Growth rate | -5% | 17% |
| Number of jobs | 5,294 | 15,221 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 71% |
| Average age | 39 | 39 |
| Years of experience | 2 | 2 |
A credit assistant is responsible for processing credit requests and assisting customers. They usually answer inquiries, explain procedures, provide instructions, and deal with customer concerns. In some companies, a credit assistant is also in charge of providing support to managers, supervisors, or investigators by preparing and processing documents, handling calls and correspondence, arranging appointments, and coordinating with different departments. They may also participate in training new employees.
A senior credit analyst is responsible for reviewing the loan applications of an individual and organization, determining their eligibility by evaluating their credit scores and financial history. Senior credit analysts assess the applicant's capability to pay according to terms and conditions and loan payment plans. They submit recommendation reports of qualified applicants for further investigation and have them submit additional documents as needed. A senior credit analyst decides on credit limits and may provide the applicants' loan and credit alternatives, requiring them to have excellent knowledge of the financial industry and loan options.
Credit assistants and senior credit analysts have different pay scales, as shown below.
| Credit Assistant | Senior Credit Analyst | |
| Average salary | $33,741 | $86,364 |
| Salary range | Between $26,000 And $43,000 | Between $59,000 And $125,000 |
| Highest paying City | San Francisco, CA | White Plains, NY |
| Highest paying state | California | New York |
| Best paying company | Carter Lumber | Apple |
| Best paying industry | Finance | Finance |
There are a few differences between a credit assistant and a senior credit analyst in terms of educational background:
| Credit Assistant | Senior Credit Analyst | |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between credit assistants' and senior credit analysts' demographics:
| Credit Assistant | Senior Credit Analyst | |
| Average age | 39 | 39 |
| Gender ratio | Male, 20.4% Female, 79.6% | Male, 54.6% Female, 45.4% |
| Race ratio | Black or African American, 7.9% Unknown, 2.7% Hispanic or Latino, 9.7% Asian, 10.7% White, 68.7% American Indian and Alaska Native, 0.3% | Black or African American, 8.3% Unknown, 2.7% Hispanic or Latino, 9.9% Asian, 10.0% White, 68.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |