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The differences between dealer analysts and credit analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a dealer analyst, becoming a credit analyst takes usually requires 1-2 years. Additionally, a dealer analyst has an average salary of $77,663, which is higher than the $61,422 average annual salary of a credit analyst.
The top three skills for a dealer analyst include salesforce, financial analysis and approval process. The most important skills for a credit analyst are customer service, credit analysis, and customer accounts.
| Dealer Analyst | Credit Analyst | |
| Yearly salary | $77,663 | $61,422 |
| Hourly rate | $37.34 | $29.53 |
| Growth rate | 9% | -5% |
| Number of jobs | 50,943 | 16,406 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 65% |
| Average age | 40 | 39 |
| Years of experience | 4 | 2 |
Dealer analysts are professionals who are responsible for performing data, statistical, and geographical analysis on the information of suppliers and customers. These analysts are required to review their dealer financial statements so that they can assess the level of risk in extending their dealer credit lines. They must analyze consumer credit applications for loan approval and creditworthiness. Dealer analysts must also develop business relationships with dealership personnel through the understanding of business unit financing plans, programs, and procedures.
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.
Dealer analysts and credit analysts have different pay scales, as shown below.
| Dealer Analyst | Credit Analyst | |
| Average salary | $77,663 | $61,422 |
| Salary range | Between $56,000 And $106,000 | 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 |
There are a few differences between a dealer analyst and a credit analyst in terms of educational background:
| Dealer Analyst | Credit Analyst | |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between dealer analysts' and credit analysts' demographics:
| Dealer Analyst | Credit Analyst | |
| Average age | 40 | 39 |
| Gender ratio | Male, 59.3% Female, 40.7% | Male, 44.2% Female, 55.8% |
| Race ratio | Black or African American, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% | 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 | 7% | 11% |