What Does a Senior Credit Analyst Do?

In this section, we take a look at the annual salaries of other professions. Take bank officer for example. On average, the bank officers annual salary is $6,802 lower than what senior credit analysts make on average every year.

While the salaries between these two careers can be different, they do share some of the same responsibilities. Employees in both senior credit analysts and bank officers positions are skilled in credit analysis, customer service, and real estate.

As far as similarities go, this is where it ends because a senior credit analyst responsibility requires skills such as "risk management," "cash flow," "credit worthiness," and "credit analysts." Whereas a bank officer is skilled in "business development," "bank products," "client relationships," and "financial statements." So if you're looking for what truly separates the two careers, you've found it.

Bank officers really shine in the finance industry with an average salary of $69,266. Whereas senior credit analysts tend to make the most money in the finance industry with an average salary of $90,023.

The education levels that bank officers earn is a bit different than that of senior credit analysts. In particular, bank officers are 0.4% less likely to graduate with a Master's Degree than a senior credit analyst. Additionally, they're 0.3% more likely to earn a Doctoral Degree.

The next role we're going to look at is the loan officer profession. Typically, this position earns a lower pay. In fact, they earn a $40,547 lower salary than senior credit analysts per year.

Not everything about these jobs is different. Take their skills, for example. Senior credit analysts and loan officers both include similar skills like "credit analysis," "customer service," and "cash flow analysis" on their resumes.

In addition to the difference in salary, there are some other key differences that are worth noting. For example, senior credit analyst responsibilities are more likely to require skills like "real estate," "risk management," "credit risk," and "loan portfolio." Meanwhile, a loan officer might be skilled in areas such as "origination," "loan origination," "fha," and "nmls." These differences highlight just how different the day-to-day in each role looks.

On average, loan officers earn a lower salary than senior credit analysts. There are industries that support higher salaries in each profession respectively. Interestingly enough, loan officers earn the most pay in the finance industry with an average salary of $42,046. Whereas, senior credit analysts have higher paychecks in the finance industry where they earn an average of $90,023.

When it comes to the differences in education between the two professions, loan officers tend to reach lower levels of education than senior credit analysts. In fact, they're 6.9% less likely to graduate with a Master's Degree and 0.3% more likely to earn a Doctoral Degree.

Let's now take a look at the commercial loan officer profession. On average, these workers make lower salaries than senior credit analysts with a $15,488 difference per year.

Using senior credit analysts and commercial loan officers resumes, we found that both professions have similar skills such as "credit analysis," "customer service," and "credit risk," but the other skills required are very different.

Some important key differences between the two careers are a few of the skills necessary to fulfill responsibilities. Some examples from senior credit analyst resumes include skills like "real estate," "risk management," "excellent interpersonal," and "credit limits," whereas a commercial loan officer might be skilled in "financial statements," "business development," "bank products," and "loan documentation. "

Interestingly enough, commercial loan officers earn the most pay in the finance industry, where they command an average salary of $54,859. As mentioned previously, senior credit analysts highest annual salary comes from the finance industry with an average salary of $90,023.

Commercial loan officers are known to earn similar educational levels when compared to senior credit analysts. Additionally, they're 0.2% more likely to graduate with a Master's Degree, and 0.5% more likely to earn a Doctoral Degree.

Loan administrators tend to earn a lower pay than senior credit analysts by about $43,505 per year.

While their salaries may vary, senior credit analysts and loan administrators both use similar skills to perform their jobs. Resumes from both professions include skills like "customer service," "loan portfolio," and "due diligence. "

Even though a few skill sets overlap, there are some differences that are important to note. For one, a senior credit analyst might have more use for skills like "credit analysis," "real estate," "risk management," and "credit risk." Meanwhile, some loan administrators might include skills like "data entry," "loan administration," "loan processing," and "financial statements" on their resume.

In general, loan administrators make a higher salary in the finance industry with an average of $48,093. The highest senior credit analyst annual salary stems from the finance industry.

The average resume of loan administrators showed that they earn lower levels of education to senior credit analysts. So much so that the likelihood of them earning a Master's Degree is 5.9% less. Additionally, they're more likely to earn a Doctoral Degree by 0.3%.