How Much Does a Credit Analyst Make?


A credit analyst determines the level of risk for granting credit or lending money when considering applications from individuals or businesses. He analyzes the applicant's credit status and other financial information, such as income growth. Most credit analysts make at least $44,000 per year as of 2010, but many have much higher salaries.

Salary Range

The average salary for a credit analyst as of May 2010 is $32.78 per hour, or $68,180 per year, finds the U.S. Bureau of Labor Statistics. The middle 50 percent of credit analysts were earning $21.40 to $39.12 per hour, or $44,510 to $81,370 per year. The bottom 10 percent were making $17.21 per hour and less, and the top 10 percent more than $54 per hour, or $112,340 per year and higher.

Common Employment Settings

Average salaries are relatively similar for credit analysts in businesses employing the largest numbers of these workers. Their average salary ranged from about $63,000 to $67,000 per year in depository and nondepository credit intermediation firms, and in employment that the U.S. Bureau of Labor Statistics categorizes as activities related to credit intermediation and in management of companies and enterprises.

Highest-Paying Employment Settings

Credit analysts make higher average salaries in some other types of businesses, but a much smaller number work in these settings. Their highest average pay in 2010 was in the employment category the bureau classifies as other financial investment activities. An example of this type of business involves investment portfolio management and investment advice. Credit analysts working in these businesses earned $111,350 on average in 2010. Those working in securities and commodity contracts intermediation and brokerage had an average annual salary of $92,560, and for automobile dealers, $80,900.


The highest-paying state for credit analysts in 2010 was New York, where their average salary was $102,500 per year. Rounding out the top five states were Connecticut at $94,300, Rhode Island at $92,030, Colorado at $74,840 and California at $74,470. The top-paying metro regions were the Bridgeport-Stamford-Norwalk area of Connecticut, at an average annual salary of $116,090, and the greater New York City area, including White Plains and Wayne, New Jersey, at $111,250.

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