Credit counselor vs senior credit analyst

The differences between credit counselors 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 counselor and a senior credit analyst. Additionally, a senior credit analyst has an average salary of $86,364, which is higher than the $40,227 average annual salary of a credit counselor.

The top three skills for a credit counselor include customer service, debt management and outbound calls. The most important skills for a senior credit analyst are credit analysis, customer service, and real estate.

Credit counselor vs senior credit analyst overview

	Credit Counselor	Senior Credit Analyst
Yearly salary	$40,227	$86,364
Hourly rate	$19.34	$41.52
Growth rate	-8%	17%
Number of jobs	32,221	15,221
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 47%	Bachelor's Degree, 71%
Average age	45	39
Years of experience	2	2

Credit counselor vs senior credit analyst salary

Credit counselors and senior credit analysts have different pay scales, as shown below.

	Credit Counselor	Senior Credit Analyst
Average salary	$40,227	$86,364
Salary range	Between $27,000 And $59,000	Between $59,000 And $125,000
Highest paying City	New York, NY	White Plains, NY
Highest paying state	New York	New York
Best paying company	BNY Mellon	Apple
Best paying industry	Finance	Finance

Differences between credit counselor and senior credit analyst education

There are a few differences between a credit counselor and a senior credit analyst in terms of educational background:

	Credit Counselor	Senior Credit Analyst
Most common degree	Bachelor's Degree, 47%	Bachelor's Degree, 71%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Credit counselor vs senior credit analyst demographics

Here are the differences between credit counselors' and senior credit analysts' demographics:

	Credit Counselor	Senior Credit Analyst
Average age	45	39
Gender ratio	Male, 41.2% Female, 58.8%	Male, 54.6% Female, 45.4%
Race ratio	Black or African American, 9.2% Unknown, 4.6% Hispanic or Latino, 16.1% Asian, 6.4% White, 63.2% American Indian and Alaska Native, 0.5%	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	8%	11%

Differences between credit counselor and senior credit analyst duties and responsibilities

Credit counselor example responsibilities.

Manage accounting operations, accounting close, account reporting and reconciliations.
Conduct underwriting reviews on FHA, VA, and other conforming and non-conforming loans within proper authority limits.
Gain thorough knowledge of FDCPA laws.
Complete in-service trainings, CPR training and medication certification course.
Determine services and assistance need through individual counseling for credit cards and for clients that are at risk for foreclosure.
Perform comprehensive financial assessment of homeowners facing financial crisis and at risk of foreclosure.

Senior credit analyst example responsibilities.

Supervise staff of 20-30 credit professionals managing an $80 - $100 million A/R portfolio consistently exceeding aging goals.
Partner with small and entrepreneurial business to develop business plans and assist business owners with achieving payroll.
Maintain customer master database in ERP.
Pull all back-up documentation for quarterly SOX compliance audit.
Ensure policies and procedures are follow in accordance with SOX guidelines.
Resolve and communicate insufficient check and ACH issues with customers and sales.

Credit counselor vs senior credit analyst skills

Common credit counselor skills

Customer Service, 19%
Debt Management, 14%
Outbound Calls, 10%
Inbound Calls, 8%
Payment Arrangements, 4%
Credit Reviews, 4%

Common senior credit analyst skills

Credit Analysis, 6%
Customer Service, 6%
Real Estate, 6%
Risk Management, 4%
Credit Risk, 4%
Loan Portfolio, 4%

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Credit Counselor vs Senior Credit Analyst

Updated January 8, 2025

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