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The differences between credit risk analysts and credit administrators 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 credit administrator. Additionally, a credit risk analyst has an average salary of $85,376, which is higher than the $59,271 average annual salary of a credit administrator.
The top three skills for a credit risk analyst include risk management, SAS and SQL. The most important skills for a credit administrator are financial statements, credit card payments, and real estate.
| Credit Risk Analyst | Credit Administrator | |
| Yearly salary | $85,376 | $59,271 |
| Hourly rate | $41.05 | $28.50 |
| Growth rate | 11% | -8% |
| Number of jobs | 32,578 | 55,726 |
| Job satisfaction | - | 2 |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 63% |
| 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 credit administrator oversees the credit operations in a company, ensuring efficiency and client satisfaction. They typically conduct research and analysis, handle credit portfolios, perform credit risk assessments, monitor credit accounts, validate requirements, evaluate applications, and develop strategies to optimize operations. A credit administrator may also perform a variety of clerical tasks such as preparing and processing documents, answering calls and correspondence, organizing information, and maintaining records. Moreover, they must lead and encourage staff to reach goals, all while enforcing and promoting the company's policies and regulations.
Credit risk analysts and credit administrators have different pay scales, as shown below.
| Credit Risk Analyst | Credit Administrator | |
| Average salary | $85,376 | $59,271 |
| Salary range | Between $62,000 And $116,000 | Between $33,000 And $106,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Western Alliance Bank | BNY Mellon |
| Best paying industry | Government | - |
There are a few differences between a credit risk analyst and a credit administrator in terms of educational background:
| Credit Risk Analyst | Credit Administrator | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 63% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between credit risk analysts' and credit administrators' demographics:
| Credit Risk Analyst | Credit Administrator | |
| Average age | 39 | 39 |
| Gender ratio | Male, 56.4% Female, 43.6% | Male, 28.4% Female, 71.6% |
| 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, 10.0% Asian, 9.4% White, 69.5% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |