Credit Analysts earn a median of $83,510 per year ($40.15/hr) (BLS OEWS, May 2025). Employment is projected to fall 4.3% through 2035, with about 3,100 openings a year (BLS EP, 2025–2035). Typical entry-level education: Bachelor's degree.
- SOC 13-2041
- Business and Financial Operations
- Last updated October 9, 2026
At a glance
Credit Analyst in four numbers
- Median pay
- $83,510a year, or $40.15/hrBLS OEWS, May 2025Lowest 10% $56KTop 10% $169K
US median, all jobs: $50,980
- Projected growth
- -4.3%DecliningBLS EP, 2025–2035This career−4.3%All jobs+3.5%
Projected employment change, 2025–2035 Item Value This career −4.3% All jobs +3.5% - Openings a year
- 3,10064,700 jobs todayBLS EP, 2025–2035
- Jobs in 202564.7K
- Projected 203561.9K
Employment, 2025–2035 Item Value Jobs in 2025 64.7K Projected 2035 61.9K - Typical education
- Bachelor'sneeded to enterBLS EP, 2025–2035; mix: O*NET
- Bachelor's95%
- Master's5%
Highest education held by credit analysts Segment Value Bachelor's 95% Master's 5%
Also advertised as: Credit Administrator, Credit Analyst, Credit and Collections Analyst, Credit Officer, Credit Representative, Credit Risk Analyst.
Pay
How much do Credit Analysts make?
Every credit analyst in the US, by percentile of annual wage
Median
$83,510
Middle half earn $65,210 to $122,460
- 10th
- $56,250
- 25th
- $65,210
- 75th
- $122,460
- 90th
- $169,230
All US occupations: $50,980
| Percentile | Value |
|---|---|
| 10th | $56,250 |
| 25th | $65,210 |
| Median | $83,510 |
| 75th | $122,460 |
| 90th | $169,230 |
| All US occupations | $50,980 |
Source: BLS OEWS, May 2025
- Median annual wage
- $83,510
- Median hourly wage
- $40.15/hr
- Mean annual wage
- $100,850
- People employed
- 64,390
Versus all US occupations
At $83,510, Credit Analysts earn 64% above the $50,980 median across all US occupations, a difference of $32,530 a year.
Versus business and financial operations occupations
Inside the Business and Financial Operations group, where the middle occupation pays $80,730, this is 3% above the group median.
Pay range
The top 10% earn $169,230 or more while the bottom 10% earn $56,250, a gap of 3.0×. That is an unusually wide spread, which usually tracks specialisation, employer type and years of experience.
Rank in the bank
This median pays more than 64% of the 1,741 occupations in the NueCareer career bank.
Highest-paying state
New York pays the most at $133,270, and still leads at $123,488 once local prices are taken into account.
Pay by state
Which states pay Credit Analysts the most?
State medians come from the same OEWS release as the national figures. The cost-of-living column divides each state median by that state's BEA Regional Price Parity, restating pay in national-average dollars so a high-cost state and a low-cost one can be compared directly.
| State | Median | COL-adjusted | Employed |
|---|---|---|---|
| 1New York | $133,270 | $123,488 | 7,960 |
| 2District of Columbia | $132,590 | $120,645 | 50 |
| 3Virginia | $102,430 | $101,312 | 2,460 |
| 4New Jersey | $100,940 | $92,771 | 1,220 |
| 5Hawaii | $98,900 | $89,949 | 130 |
| 6Connecticut | $98,230 | $94,807 | 560 |
| 7California | $97,860 | $88,385 | 5,260 |
| 8Massachusetts | $97,080 | $91,795 | 1,400 |
| 9Delaware | $94,680 | $94,862 | 720 |
| 10North Carolina | $94,570 | $100,259 | 3,270 |
Job outlook
Is Credit Analyst a growing career?
Employment change over 2025–2035, against every US occupation
Declining. -4.3% projected growth vs 3.5% for all occupations.
| Item | Value |
|---|---|
| Credit Analysts | −4.3% |
| All US occupations | +3.5% |
Source: BLS EP, 2025–2035
Declining
BLS projects employment of Credit Analysts to change -4.3% over 2025–2035, while total US employment is projected to rise 3.5%. That is 2,800 fewer jobs.
Annual openings
About 3,100 openings are projected each year, 4.8% of the 64,700 jobs that existed in 2025. Most come from workers leaving the occupation, not from growth alone.
Getting in
How to become a Credit Analyst
- 1
Typical entry-level education
Bachelor's degree
- 2
Work experience in a related occupation
None
- 3
Typical on-the-job training
None
- 4
Preparation needed (O*NET job zone)
Medium preparation
BLS Employment Projections, 2025–2035; job zone from O*NET 31.0 Database.
What education people in the job have
O*NET incumbent survey: the highest level of education reported by people already working as credit analysts.
- Bachelor's Degree95%
- Master's Degree5%
| Item | Value |
|---|---|
| Bachelor's Degree | 95% |
| Master's Degree | 5% |
Source: O*NET 31.0 Database
The work
What does a Credit Analyst do?
Analyze credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with credit information for use in decisionmaking.
Day-to-day tasks
- Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.
- 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.
- Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations.
- Analyze financial data, such as income growth, quality of management, and market share to determine expected profitability of loans.
- Complete loan applications, including credit analyses and summaries of loan requests, and submit to loan committees for approval.
- Consult with customers to resolve complaints and verify financial and credit transactions.
O*NET core tasks, ordered by reported importance.
Working conditions and hours
Where the work happens
Indoors, climate-controlled
NeverEvery dayIndoors, in a climate-controlled space, every day.
Outdoors in all weather
NeverEvery dayAlmost never works outdoors.
Physical demands
Sitting
NeverAlmost all the timeSeated for more than half the working day.
Standing
NeverAlmost all the timeBending or twisting
NeverAlmost all the time
Working with people
Contact with other people
NoneConstantFace-to-face discussions
NeverEvery dayFace-to-face discussions every day.
Dealing with the public
Not importantExtremely important
Pressure and stakes
Strict deadlines
NeverEvery dayMeeting strict deadlines at least weekly.
Conflict situations
NeverEvery dayCost of a mistake
Not seriousExtremely serious
Autonomy
Freedom to decide
NoneA lot
Conditions: O*NET Work Context survey. Each item has its own scale, so each dot is read against the two answers that end its own line.
Core skills
O*NET importance, 1 to 5
- Critical Thinking3.9
- Reading Comprehension3.6
- Speaking3.6
- Active Learning3.6
- Active Listening3.5
- Mathematics3.4
- Writing3.1
- Monitoring3.0
| Item | Value |
|---|---|
| Critical Thinking | 3.9 |
| Reading Comprehension | 3.6 |
| Speaking | 3.6 |
| Active Learning | 3.6 |
| Active Listening | 3.5 |
| Mathematics | 3.4 |
| Writing | 3.1 |
| Monitoring | 3.0 |
Source: O*NET 31.0 Database
Transferable skills
O*NET importance, 1 to 5
- Judgment and Decision Making3.1
- Social Perceptiveness3.0
- Service Orientation3.0
- Complex Problem Solving3.0
- Time Management3.0
- Systems Analysis2.8
- Systems Evaluation2.8
- Coordination2.6
| Item | Value |
|---|---|
| Judgment and Decision Making | 3.1 |
| Social Perceptiveness | 3.0 |
| Service Orientation | 3.0 |
| Complex Problem Solving | 3.0 |
| Time Management | 3.0 |
| Systems Analysis | 2.8 |
| Systems Evaluation | 2.8 |
| Coordination | 2.6 |
Source: O*NET 31.0 Database
Tools and software
- Analytical or scientific software · in demand
- Data base user interface and query software · in demand
- Development environment software · in demand
- Electronic mail software · in demand
- Enterprise resource planning ERP software · in demand
- Object or component oriented development software · in demand
- Office suite software · in demand
- Presentation software · in demand
- Spreadsheet software · in demand
- Word processing software · in demand
- Business intelligence and data analysis software
- Content workflow software
“In demand” marks an O*NET Employer-Based Hot Technology, software named in real job postings for this occupation.
Personality fit
What personality type suits a Credit Analyst?
O*NET Occupational Interests (RIASEC), scored 1 to 7
| Axis | Credit Analyst |
|---|---|
| Realistic | 1 |
| Investigative | 4 |
| Artistic | 1 |
| Social | 2 |
| Enterprising | 5 |
| Conventional | 7 |
Source: O*NET 31.0 Database
What the work is built around
Day to day this is work built around organising, following procedures and working precisely with data, combined with leading, persuading, selling and making decisions.
- Conventional6.8
- Enterprising4.5
- Investigative3.8
- Social2.4
- Realistic1.0
- Artistic1.0
Closest MBTI types
NueCareer fit scores: cosine similarity between each MBTI type's interest vector and this occupation's O*NET interest profile. Not a BLS or O*NET figure; the method is documented on our methodology page.
Explore further
Careers related to Credit Analyst
O*NET related occupations
- Office and Administrative Support
- Business and Financial Operations
- Office and Administrative Support
- Business and Financial Operations
- Business and Financial Operations
- Business and Financial Operations
More business and financial operations careers
Median annual pay, with credit analysts highlighted
- Financial Advisor$105,070
- Accountant$83,680
- Credit Analyst$83,510
- Insurance Underwriter$81,370
- Coroner$80,730
- Claims Adjuster, Examiner, and Investigator$78,000
- Loan Officer$76,690
- Human Resources Specialist$75,940
- Appraiser and Assessor of Real Estate$67,960
| Item | Value |
|---|---|
| Financial Advisor | $105,070 |
| Accountant | $83,680 |
| Credit Analyst | $83,510 |
| Insurance Underwriter | $81,370 |
| Coroner | $80,730 |
| Claims Adjuster, Examiner, and Investigator | $78,000 |
| Loan Officer | $76,690 |
| Human Resources Specialist | $75,940 |
| Appraiser and Assessor of Real Estate | $67,960 |
Source: BLS OEWS, May 2025
Lists Credit Analyst appears on
Questions
Credit Analyst: frequently asked questions
How much do Credit Analysts make?
Credit Analysts earn a median of $83,510 a year (BLS OEWS, May 2025). That is 64% above the $50,980 median for all US occupations. That works out at $40.15/hr. The middle half earn between $65,210 and $122,460. The top 10% earn $169,230 or more.
Do you need a degree to become a Credit Analyst?
Yes. BLS reports a bachelor's degree as the typical entry-level education for Credit Analysts, and O*NET rates the preparation needed as medium preparation. In O*NET's survey of people already doing the job, 95.0% hold bachelor's degree.
Is Credit Analyst a growing career?
No. BLS projects employment to fall 4.3% over 2025–2035, a loss of 2,800 jobs (BLS EP, 2025–2035). BLS still projects about 3,100 openings a year, mostly from workers retiring or moving to other work.
What does a Credit Analyst do?
Analyze credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. A core O*NET task: analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money. Employers most often ask for Analytical or scientific software, Data base user interface and query software, Development environment software.
Which states pay Credit Analysts the most?
The highest state medians for Credit Analysts are New York ($133,270), District of Columbia ($132,590), Virginia ($102,430) (BLS OEWS, May 2025).
What personality type suits a Credit Analyst?
O*NET scores Credit Analysts highest on the Conventional, Enterprising and Investigative interest areas, so the work mixes organising, following procedures and working precisely with data with leading, persuading, selling and making decisions. On NueCareer's MBTI-to-interest mapping that lines up most closely with ESTJ personalities. Personality is a fit signal, not a gate. The free NueCareer quiz scores your own profile against all 1,731 careers in the bank.