Working as a Credit Risk Analyst

There is more than meets the eye when it comes to being a credit risk analyst. For example, did you know that they make an average of $40.0 an hour? That's $83,193 a year!

What Does a Credit Risk Analyst Do

There are certain skills that many credit risk analysts have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, math skills and computer skills.

When it comes to the most important skills required to be a credit risk analyst, we found that a lot of resumes listed 12.9% of credit risk analysts included risk management, while 9.0% of resumes included sas, and 8.7% of resumes included sql. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the credit risk analyst job title. But what industry to start with? Most credit risk analysts actually find jobs in the finance and insurance industries.

How To Become a Credit Risk Analyst

If you're interested in becoming a credit risk analyst, one of the first things to consider is how much education you need. We've determined that 46.0% of credit risk analysts have a bachelor's degree. In terms of higher education levels, we found that 41.9% of credit risk analysts have master's degrees. Even though most credit risk analysts have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a credit risk analyst. When we researched the most common majors for a credit risk analyst, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on credit risk analyst resumes include associate degree degrees or high school diploma degrees.

You may find that experience in other jobs will help you become a credit risk analyst. In fact, many credit risk analyst jobs require experience in a role such as credit analyst. Meanwhile, many credit risk analysts also have previous career experience in roles such as internship or finance analyst.

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Average Salary$83,193
Job Growth Rate%

Credit Risk Analyst Jobs

Credit Risk Analyst Career Paths

Top Careers Before Credit Risk Analyst
Analyst6.9 %
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Top Careers After Credit Risk Analyst
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What is the right job for my career path?

Tell us your goals and we'll match you with the rights job to get there.

Average Salary for a Credit Risk Analyst

Credit Risk Analysts in America make an average salary of $83,193 per year or $40 per hour. The top 10 percent makes over $111,000 per year, while the bottom 10 percent under $62,000 per year.
Average Salary
$83,193

Best Paying Cities

City
Average Salary

Recently Added Salaries

Job TitleCompanyCompanyStart DateSalary
Credit Risk Analyst
Credit Risk Analyst
Cash Store
Cash Store
07/04/2020
07/04/2020
$75,10007/04/2020
$75,100
Credit Risk Analyst
Credit Risk Analyst
Robert Half
Robert Half
07/03/2020
07/03/2020
$95,00007/03/2020
$95,000
Credit Risk Analytics SR Assoc
Credit Risk Analytics SR Assoc
Wells Fargo
Wells Fargo
06/25/2020
06/25/2020
$87,50006/25/2020
$87,500
Risk Credit Analyst
Risk Credit Analyst
Robert Half
Robert Half
05/21/2020
05/21/2020
$35,47905/21/2020
$35,479
SR. Credit Risk Analyst
SR. Credit Risk Analyst
Randstad
Randstad
05/20/2020
05/20/2020
$110,00005/20/2020
$110,000
See More Recent Salaries

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Credit Risk Analyst Demographics

Gender

Male

51.1 %

Female

39.9 %

Unknown

9.0 %
Ethnicity

White

50.8 %

Asian

20.5 %

Hispanic or Latino

13.4 %
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Foreign Languages Spoken

Spanish

32.5 %

French

13.3 %

Chinese

11.4 %
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Credit Risk Analyst Education

Schools

New York University

14.1 %

Columbia University

7.9 %

DePaul University

7.3 %

University of South Florida

6.2 %
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Majors

Finance

32.4 %

Business

22.0 %

Economics

8.9 %

Accounting

8.3 %
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Degrees

Bachelors

46.0 %

Masters

41.9 %

Associate

3.3 %

Certificate

3.2 %
Show More

Entry Level Jobs For Becoming A Credit Risk Analyst

Job type you want
Full Time
Part Time
Internship
Temporary

Top Skills For a Credit Risk Analyst

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 12.9% of credit risk analysts listed risk management on their resume, but soft skills such as analytical skills and math skills are important as well.

Best States For a Credit Risk Analyst

Some places are better than others when it comes to starting a career as a credit risk analyst. The best states for people in this position are New York, California, New Jersey, and North Carolina. Credit risk analysts make the most in New York with an average salary of $102,142. Whereas in California and New Jersey, they would average $90,742 and $83,832, respectively. While credit risk analysts would only make an average of $83,687 in North Carolina, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. New York

Total Credit Risk Analyst Jobs:
642
Highest 10% Earn:
$162,000
Location Quotient:
1.62
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. North Carolina

Total Credit Risk Analyst Jobs:
295
Highest 10% Earn:
$122,000
Location Quotient:
1.21
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Nebraska

Total Credit Risk Analyst Jobs:
60
Highest 10% Earn:
$121,000
Location Quotient:
1.44
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
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Credit Risk Analyst Resumes

Designing and figuring out what to include on your resume can be tough, not to mention time-consuming. That's why we put together a guide that is designed to help you craft the perfect resume for becoming a credit risk analyst. If you're needing extra inspiration, take a look through our selection of templates that are specific to your job.

At Zippia, we went through countless credit risk analyst resumes and compiled some information about how best to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

Learn How To Write a Credit Risk Analyst Resume

At Zippia, we went through countless credit risk analyst resumes and compiled some information about how best to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

View Detailed Information

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Top Credit Risk Analyst Employers

1. JPMorgan Chase
4.9
Avg. Salary: 
$75,304
Credit Risk Analysts Hired: 
157+
2. Citi
4.9
Avg. Salary: 
$73,912
Credit Risk Analysts Hired: 
114+
3. Bank of America
4.8
Avg. Salary: 
$56,114
Credit Risk Analysts Hired: 
79+
4. PHH
4.2
Avg. Salary: 
$49,716
Credit Risk Analysts Hired: 
75+
5. Union Bank
4.9
Avg. Salary: 
$77,740
Credit Risk Analysts Hired: 
69+
6. HSBC North America Holdings
4.9
Avg. Salary: 
$77,514
Credit Risk Analysts Hired: 
64+

Credit Risk Analyst Videos

Recently Added Credit Risk Analyst Jobs

Updated October 2, 2020