The average salary for a credit analyst in California is around $79,210 per year.

What education do you need to be a credit analyst?

The minimum educational requirement for the position of credit analyst is usually an associate or bachelor’s degree in finance, accounting, or a related field.

Do analysts get paid well?

According to data from the U.S. Bureau of Labor Statistics (BLS), the median annual income for financial analysts across all experience levels in May 2018 was $85,660 per year (or $41.18 per hour). So, on average, financial analysts start out much better paid than the typical worker.

Do credit analysts make a lot of money?

Salary Ranges for Credit Analysts The average credit analyst salary in the United States ranges anywhere from $45,000 to $55,000. While the figure can go higher or lower depending on the state, salaries paid to credit analysts in most states lie within the abovementioned range.

How much do entry level credit analysts make?

How much does an Entry Level Credit Analyst in United States make? The highest salary for an Entry Level Credit Analyst in United States is $90,480 per year. The lowest salary for an Entry Level Credit Analyst in United States is $37,263 per year.

What is the next step after credit analyst?

Career progression opportunities exist for credit analysts who gain extensive work experience and earn advanced qualifications. For instance, analysts with at least five years’ experience and a master’s degree in finance or business administration can become credit managers.

What’s the lowest salary for a credit analyst?

The lowest salary for a Credit Analyst in United States is $38,379 per year. What is the Credit Analyst career path and salary trajectory? If you are thinking of becoming a Credit Analyst or planning the next step in your career, find out in our Career hub the career path and salary trajectory of a Credit Analyst.

What can I do with a career in credit analysis?

Credit analysis can be a pathway to other jobs in banking and finance. The analyst may also be involved in reviewing problem accounts. For example, a credit analyst working at a bank that issues credit cards may review data about clients who have defaulted on their payments. The analyst might recommend closing the card or reducing the credit line.

How many people are employed as credit analysts?

The Bureau of Labor Statistics (BLS) states that as of May 2011, there were 59,140 credit analysts employed in the United States. Employment trends show that credit analysts have a bright future, both in the banking industry and in maintaining the financial health of businesses.

Is there a shortage of credit analyst jobs?

According to the Bureau of Labor Statistics (BLS), available positions in the business and financial operations sector, including credit analyst jobs, are expected to increase by 5 percent from 2019 to 2029, faster than the average for all occupations.