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The differences between senior underwriters and senior credit analysts can be seen in a few details. Each job has different responsibilities and duties. Additionally, a senior credit analyst has an average salary of $86,364, which is higher than the $69,375 average annual salary of a senior underwriter.
The top three skills for a senior underwriter include customer service, portfolio and underwriting guidelines. The most important skills for a senior credit analyst are credit analysis, customer service, and real estate.
| Senior Underwriter | Senior Credit Analyst | |
| Yearly salary | $69,375 | $86,364 |
| Hourly rate | $33.35 | $41.52 |
| Growth rate | -4% | 17% |
| Number of jobs | 6,726 | 15,221 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 71% |
| Average age | 44 | 39 |
| Years of experience | - | 2 |
A senior underwriter is responsible for evaluating the eligibility of an applicant for loan application processing. Senior underwriters verify the applicant's information, including their credit score and other valid documents, ensuring that the applicant fulfills the loan application's parameters. They check the applicant's portfolios and provide them the next necessary steps and the alternatives for loan types. A senior underwriter must have excellent knowledge of the loan processes and underwriting procedures to analyze applications and make accurate decisions.
A senior credit analyst is responsible for reviewing the loan applications of an individual and organization, determining their eligibility by evaluating their credit scores and financial history. Senior credit analysts assess the applicant's capability to pay according to terms and conditions and loan payment plans. They submit recommendation reports of qualified applicants for further investigation and have them submit additional documents as needed. A senior credit analyst decides on credit limits and may provide the applicants' loan and credit alternatives, requiring them to have excellent knowledge of the financial industry and loan options.
Senior underwriters and senior credit analysts have different pay scales, as shown below.
| Senior Underwriter | Senior Credit Analyst | |
| Average salary | $69,375 | $86,364 |
| Salary range | Between $44,000 And $108,000 | Between $59,000 And $125,000 |
| Highest paying City | New York, NY | White Plains, NY |
| Highest paying state | New York | New York |
| Best paying company | Capital Group | Apple |
| Best paying industry | Insurance | Finance |
There are a few differences between a senior underwriter and a senior credit analyst in terms of educational background:
| Senior Underwriter | Senior Credit Analyst | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior underwriters' and senior credit analysts' demographics:
| Senior Underwriter | Senior Credit Analyst | |
| Average age | 44 | 39 |
| Gender ratio | Male, 42.0% Female, 58.0% | Male, 54.6% Female, 45.4% |
| Race ratio | Black or African American, 9.3% Unknown, 2.5% Hispanic or Latino, 9.4% Asian, 5.6% White, 72.9% American Indian and Alaska Native, 0.4% | Black or African American, 8.3% Unknown, 2.7% Hispanic or Latino, 9.9% Asian, 10.0% White, 68.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 9% | 11% |