Credit analysts salary
| Measure | Annual | Hourly |
|---|---|---|
| 10th percentile | $56,250 | $27.04 |
| Median (50th percentile) | $83,510 | $40.15 |
| Mean (average) | $100,850 | $48.49 |
| 90th percentile | $169,230 | $81.36 |
These wages describe everyone employed in the occupation, from new entrants to experienced workers. They are not starting salaries and not earnings of graduates from any particular program. Verified data
Credit analysts pay by state and metro area
Table: median wage and employment for all 52 states and territories
| State | Median | 10th pct | 90th pct | Employment | Location quotient |
|---|---|---|---|---|---|
| Alabama | $79,970 | $52,790 | $138,570 | 370 | 0.42 |
| Alaska | $81,340 | $56,910 | $97,110 | 40 | 0.27 |
| Arizona | $77,020 | $55,890 | $125,980 | 2,260 | 1.68 |
| Arkansas | $71,370 | $43,520 | $118,500 | 300 | 0.56 |
| California | $97,860 | $61,380 | $194,760 | 5,260 | 0.7 |
| Colorado | $81,270 | $61,950 | $176,230 | 870 | 0.73 |
| Connecticut | $98,230 | $65,540 | $140,830 | 560 | 0.8 |
| Delaware | $94,680 | $64,830 | $166,040 | 720 | 3.57 |
| District of Columbia | $132,590 | $68,020 | $210,220 | 50 | 0.16 |
| Florida | $78,360 | $55,170 | $134,350 | 4,040 | 0.98 |
| Georgia | $77,990 | $51,500 | $155,910 | 1,790 | 0.88 |
| Hawaii | $98,900 | $51,620 | $148,840 | 130 | 0.51 |
| Idaho | $79,650 | $58,770 | $139,990 | 330 | 0.92 |
| Illinois | $84,990 | $58,400 | $172,180 | 3,130 | 1.24 |
| Indiana | $62,660 | $47,850 | $101,560 | 860 | 0.65 |
| Iowa | $76,760 | $56,470 | $117,160 | 480 | 0.74 |
| Kansas | $73,120 | $52,990 | $132,120 | 520 | 0.87 |
| Kentucky | $79,290 | $51,980 | $130,200 | 370 | 0.44 |
| Louisiana | $73,210 | $46,680 | $134,670 | 290 | 0.36 |
| Maine | $81,750 | $61,430 | $123,490 | 280 | 1.05 |
| Maryland | $75,390 | $47,410 | $124,380 | 700 | 0.61 |
| Massachusetts | $97,080 | $64,530 | $173,680 | 1,400 | 0.93 |
| Michigan | $74,640 | $51,170 | $108,870 | 1,510 | 0.83 |
| Minnesota | $82,630 | $60,530 | $131,610 | 1,110 | 0.91 |
| Mississippi | $74,880 | $47,020 | $164,010 | 280 | 0.58 |
| Missouri | $65,350 | $50,020 | $113,280 | 1,160 | 0.96 |
| Montana | $74,650 | $57,350 | $124,010 | 190 | 0.92 |
| Nebraska | $79,730 | $50,200 | $110,380 | 510 | 1.2 |
| Nevada | $73,090 | $58,400 | $137,960 | 390 | 0.61 |
| New Hampshire | $77,980 | $60,370 | $156,480 | 230 | 0.82 |
| New Jersey | $100,940 | $71,590 | $169,490 | 1,220 | 0.69 |
| New Mexico | $72,160 | $53,960 | $133,310 | 90 | 0.26 |
| New York | $133,270 | $76,730 | $241,220 | 7,960 | 1.98 |
| North Carolina | $94,570 | $62,620 | $164,140 | 3,270 | 1.6 |
| North Dakota | $74,810 | $51,920 | $123,460 | 300 | 1.67 |
| Ohio | $79,720 | $50,460 | $133,700 | 2,790 | 1.21 |
| Oklahoma | $75,330 | $47,530 | $178,350 | 550 | 0.78 |
| Oregon | $80,380 | $62,310 | $129,830 | 650 | 0.8 |
| Pennsylvania | $80,280 | $50,750 | $155,360 | 1,930 | 0.77 |
| Puerto Rico | $51,920 | $36,780 | $105,220 | 820 | 2.1 |
| Rhode Island | $85,920 | $59,860 | $134,850 | 160 | 0.76 |
| South Carolina | $77,530 | $49,300 | $125,680 | 690 | 0.72 |
| South Dakota | $73,040 | $51,690 | $134,230 | 430 | 2.28 |
| Tennessee | $72,550 | $49,080 | $134,980 | 1,480 | 1.09 |
| Texas | $78,730 | $50,600 | $134,860 | 6,130 | 1.05 |
| Utah | $74,430 | $49,160 | $164,900 | 750 | 1.04 |
| Vermont | $71,220 | $55,910 | $150,030 | 90 | 0.71 |
| Virginia | $102,430 | $63,220 | $164,750 | 2,460 | 1.45 |
| Washington | $91,160 | $59,800 | $151,970 | 1,280 | 0.87 |
| West Virginia | $57,320 | $48,170 | $95,870 | 220 | 0.74 |
| Wisconsin | $68,690 | $50,780 | $126,640 | 1,770 | 1.45 |
| Wyoming | $62,210 | $49,140 | $91,920 | 40 | 0.38 |
A location quotient above 1 means the occupation is more concentrated in that state than in the nation overall.
Metro areas with the most jobs
Highest paying metro areas
Job outlook for credit analysts
- Average annual openings, 2025 to 2035: 3,100. Openings include new jobs plus replacement needs when workers retire or leave the occupation. Official projection
These are official BLS projections. ConnectPrep does not alter them or present its own forecasts as official statistics.
Education and training for credit analysts
- Typical entry education
- Bachelor's degree
- Related work experience
- None
- On-the-job training
- None
- O*NET Job Zone
- Job Zone Four: Considerable Preparation Needed
Highest education of people working in this occupation
O*NET describes this preparation level as: Most of these occupations require a four-year bachelor's degree, but some do not.
Degrees and programs that lead to this career
Programs officially mapped to this occupation in the NCES and BLS CIP to SOC crosswalk. A mapping means the program commonly prepares students for the occupation, not that every graduate works in it. Official crosswalk
- Accounting CIP 52.0301
- Finance, General CIP 52.0801
- Credit Management CIP 52.0809
- Financial Risk Management CIP 52.0810
Skills, knowledge, and daily work
Most important skills
Most important knowledge areas
Typical tasks
- Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.
- Complete loan applications, including credit analyses and summaries of loan requests, and submit to loan committees for approval.
- Generate financial ratios, using computer programs, to evaluate customers' financial status.
- Prepare reports that include the degree of risk involved in extending credit or lending money.
- Analyze financial data, such as income growth, quality of management, and market share to determine expected profitability of loans.
- Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations.
- Consult with customers to resolve complaints and verify financial and credit transactions.
Technology skills
- Microsoft Excel (in demand)
- Microsoft Office software (in demand)
- Microsoft Outlook (in demand)
- Microsoft PowerPoint (in demand)
- Microsoft Word (in demand)
- Microsoft SQL Server (hot technology)
- Microsoft Visual Basic (hot technology)
- Microsoft Visual Basic for Applications VBA (hot technology)
- Python (hot technology)
- SAP software (hot technology)
- SAS (hot technology)
- Structured query language SQL (hot technology)
- CGI-AMS BureauLink Enterprise
- CGI-AMS CACS Enterprise
- CGI-AMS Strata
- Credit adjudication and lending management system CALMS
Transferable skills for career changers: Judgment and Decision Making, Social Perceptiveness, Service Orientation, Complex Problem Solving, Time Management, Systems Analysis.
Common job titles: Credit Administrator, Credit Analyst, Credit and Collections Analyst, Credit Officer, Credit Representative, Credit Risk Analyst, Municipal Fixed Income Analyst.
Is it worth it? Model the cost of getting there
Use the ROI calculator to compare the cost of the education this career usually requires against staying on your current path. It starts from the official wage distribution above, and you can change every assumption.
Frequently asked questions
How much do credit analysts make?
The national median annual wage for credit analysts was $83,510 in May 2025, according to the BLS Occupational Employment and Wage Statistics program. The lowest paid 10 percent earned less than $56,250 and the highest paid 10 percent earned more than $169,230. These figures cover all workers in the occupation, not only new entrants.
What education do credit analysts need?
BLS lists bachelor's degree as the typical education needed to enter this occupation, with none of related work experience and none on-the-job training typically needed to become competent.
Is credit analysts a growing career?
BLS projects employment of credit analysts to change -4.3% from 2025 to 2035, compared with +3.5% for all occupations. About 3,100 openings are projected each year on average, including openings from workers who retire or change occupations.
Which states pay credit analysts the most?
By median annual wage in May 2025, the highest paying states were New York ($133,270), District of Columbia ($132,590), Virginia ($102,430). Pay differences partly reflect differences in living costs.