Credit investigator vs credit analyst

The differences between credit investigators and credit analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 3-6 months to become a credit investigator, becoming a credit analyst takes usually requires 1-2 years. Additionally, a credit analyst has an average salary of $61,422, which is higher than the $34,703 average annual salary of a credit investigator.

The top three skills for a credit investigator include financial statements, loan applications and credit bureau reports. The most important skills for a credit analyst are customer service, credit analysis, and customer accounts.

Credit investigator vs credit analyst overview

	Credit Investigator	Credit Analyst
Yearly salary	$34,703	$61,422
Hourly rate	$16.68	$29.53
Growth rate	-3%	-5%
Number of jobs	9,442	16,406
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 57%	Bachelor's Degree, 65%
Average age	44	39
Years of experience	6	2

What does a credit investigator do?

A credit investigator investigates credit or loan applications to determine if applicants can uphold financial obligations, thus helping companies decide which applications to approve. They gather and evaluate documents, conduct research and analyses, study financial histories and credit reports, and calculate loan-to-income ratios. Most credit investigators work at banking institutions, lending firms, or similar establishments. In some companies, a credit investigator may also have the responsibility of running background checks on potential employees.

What does a credit analyst do?

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.

Credit investigator vs credit analyst salary

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

	Credit Investigator	Credit Analyst
Average salary	$34,703	$61,422
Salary range	Between $27,000 And $43,000	Between $40,000 And $93,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	Apollo Global Management
Best paying industry	-	Finance

Differences between credit investigator and credit analyst education

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

	Credit Investigator	Credit Analyst
Most common degree	Bachelor's Degree, 57%	Bachelor's Degree, 65%
Most common major	Business	Business
Most common college	Stanford University	University of Pennsylvania

Credit investigator vs credit analyst demographics

Here are the differences between credit investigators' and credit analysts' demographics:

	Credit Investigator	Credit Analyst
Average age	44	39
Gender ratio	Male, 28.5% Female, 71.5%	Male, 44.2% Female, 55.8%
Race ratio	Black or African American, 10.5% Unknown, 3.9% Hispanic or Latino, 17.1% Asian, 3.9% White, 64.0% American Indian and Alaska Native, 0.6%	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%
LGBT Percentage	9%	11%

Differences between credit investigator and credit analyst duties and responsibilities

Credit investigator example responsibilities.

Manage accounting operations, accounting close, account reporting and reconciliations.
Utilize credit reports such as Experian, Transunion Equitifax.
Work on A/R and billing for a manufacturing company specializing in premium orthopedic, reconstructive and postoperative products.
Provide direct service with customers to process loan modifications, typically under SBA regulations.

Credit analyst example responsibilities.

Provide treasury with funding requirements to maximize LIBOR rate advantage.
Manage a team to help facilitate efficient loan origination, underwriting and closing.
Lead a presentation to the FHA quantitative team by using multiple data visualization techniques.
Manage A/R transactions, prepare weekly account reconciliation's, perform research/ adjustments on A/P and A/R discrepancy accounts.
Utilize data manipulation and quantitative analysis using VBA macros, SQL and advance excel knowledge to manage credit risk exposure.
Manage accounting operations, accounting close, account reporting and reconciliations.

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Credit investigator vs credit analyst skills

Common credit investigator skills

Financial Statements, 15%
Loan Applications, 10%
Credit Bureau Reports, 7%
Credit Applications, 7%
Credit Investigations, 6%
Credit Worthiness, 5%

Common credit analyst skills

Customer Service, 12%
Credit Analysis, 7%
Customer Accounts, 4%
Real Estate, 4%
Credit Risk, 4%
Strong Analytical, 4%

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Updated January 8, 2025

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