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The differences between credit risk analysts and commercial 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 risk analyst and a commercial analyst. Additionally, a credit risk analyst has an average salary of $85,376, which is higher than the $83,036 average annual salary of a commercial analyst.
The top three skills for a credit risk analyst include risk management, SAS and SQL. The most important skills for a commercial analyst are portfolio, data analysis, and financial statements.
| Credit Risk Analyst | Commercial Analyst | |
| Yearly salary | $85,376 | $83,036 |
| Hourly rate | $41.05 | $39.92 |
| Growth rate | 11% | 9% |
| Number of jobs | 32,578 | 54,953 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 72% |
| Average age | 39 | 39 |
| Years of experience | 2 | 2 |
A credit risk analyst's primary role is to assess loan and purchase applications to determine a client's ability to uphold financial obligations. Their responsibilities revolve around performing various analyzation techniques to evaluate financial risks, maintain records of all applications and relevant data, and provide advice on businesses on whether to approve or decline the credit application. Furthermore, a credit risk analyst may perform clerical tasks such as producing progress reports and presentations, responding to inquiries, and coordinating with all departments.
A commercial analyst is responsible for evaluating the performance of business operations in the market, including consumer demands and sales analysis. Commercial analysts monitor the market trends, identifying business opportunities that would generate more revenue resources for the business, as well as developing strategic approaches to attract potential clients and maintain long-lasting business relationships. They also manage the company's financial stability, reviewing competitors' activities, and recommending methods to maximize production operations and achieve the highest customer satisfaction.
Credit risk analysts and commercial analysts have different pay scales, as shown below.
| Credit Risk Analyst | Commercial Analyst | |
| Average salary | $85,376 | $83,036 |
| Salary range | Between $62,000 And $116,000 | Between $60,000 And $114,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Western Alliance Bank | Meta |
| Best paying industry | Government | Energy |
There are a few differences between a credit risk analyst and a commercial analyst in terms of educational background:
| Credit Risk Analyst | Commercial Analyst | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 72% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between credit risk analysts' and commercial analysts' demographics:
| Credit Risk Analyst | Commercial Analyst | |
| Average age | 39 | 39 |
| Gender ratio | Male, 56.4% Female, 43.6% | Male, 53.2% Female, 46.8% |
| Race ratio | Black or African American, 7.6% Unknown, 2.6% Hispanic or Latino, 9.5% Asian, 10.5% White, 69.4% American Indian and Alaska Native, 0.3% | Black or African American, 8.1% Unknown, 2.7% Hispanic or Latino, 9.7% Asian, 10.7% White, 68.5% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |