How much does a credit analyst make?
The median credit analyst in the United States earns $83,510 per year, about $40.15 an hour. That is the midpoint of the profession: half of all credit analysts earn more, and half earn less.
Source: BLS OEWS, May 2025. SOC code 13-2041.
Credit analyst salary range
Pay for credit analysts spans a wide band. The lowest paid 10 percent earn under $56,250 a year, while the highest paid 10 percent take home more than $169,230. The average (mean) wage of $100,850 runs a bit higher than the median, which is normal for jobs where a group of top earners pulls the average up.
| Percentile | Annual | Hourly | |
|---|---|---|---|
| 10th percentile | $56,250 | $27.04 | Lowest paid |
| 25th percentile | $65,210 | $31.35 | |
| Median (50th) | $83,510 | $40.15 | Midpoint |
| 75th percentile | $122,460 | $58.88 | |
| 90th percentile | $169,230 | $81.36 | Highest paid |
Figures are national wage estimates for credit analysts (SOC 13-2041), U.S. Bureau of Labor Statistics, OEWS, May 2025.
Credit analyst salary by state
Where you work changes the paycheck. Credit analysts earn the most in New York at $133,270 a year, and the least in West Virginia at $57,320. The table below lists every state with published data, ranked by median annual salary.
| State | Median annual | Employed |
|---|---|---|
| New York | $133,270 | 7,960 |
| District of Columbia | $132,590 | 50 |
| Virginia | $102,430 | 2,460 |
| New Jersey | $100,940 | 1,220 |
| Hawaii | $98,900 | 130 |
| Connecticut | $98,230 | 560 |
| California | $97,860 | 5,260 |
| Massachusetts | $97,080 | 1,400 |
| Delaware | $94,680 | 720 |
| North Carolina | $94,570 | 3,270 |
| Washington | $91,160 | 1,280 |
| Rhode Island | $85,920 | 160 |
| Illinois | $84,990 | 3,130 |
| Minnesota | $82,630 | 1,110 |
| Maine | $81,750 | 280 |
| Alaska | $81,340 | 40 |
| Colorado | $81,270 | 870 |
| Oregon | $80,380 | 650 |
| Pennsylvania | $80,280 | 1,930 |
| Alabama | $79,970 | 370 |
| Nebraska | $79,730 | 510 |
| Ohio | $79,720 | 2,790 |
| Idaho | $79,650 | 330 |
| Kentucky | $79,290 | 370 |
| Texas | $78,730 | 6,130 |
| Florida | $78,360 | 4,040 |
| Georgia | $77,990 | 1,790 |
| New Hampshire | $77,980 | 230 |
| South Carolina | $77,530 | 690 |
| Arizona | $77,020 | 2,260 |
| Iowa | $76,760 | 480 |
| Maryland | $75,390 | 700 |
| Oklahoma | $75,330 | 550 |
| Mississippi | $74,880 | 280 |
| North Dakota | $74,810 | 300 |
| Montana | $74,650 | 190 |
| Michigan | $74,640 | 1,510 |
| Utah | $74,430 | 750 |
| Louisiana | $73,210 | 290 |
| Kansas | $73,120 | 520 |
| Nevada | $73,090 | 390 |
| South Dakota | $73,040 | 430 |
| Tennessee | $72,550 | 1,480 |
| New Mexico | $72,160 | 90 |
| Arkansas | $71,370 | 300 |
| Vermont | $71,220 | 90 |
| Wisconsin | $68,690 | 1,770 |
| Missouri | $65,350 | 1,160 |
| Indiana | $62,660 | 860 |
| Wyoming | $62,210 | 40 |
| West Virginia | $57,320 | 220 |
State median wages for credit analysts (SOC 13-2041), U.S. Bureau of Labor Statistics, OEWS state files, May 2025. States where the BLS does not publish a median are not shown.
Job outlook for credit analysts
The BLS projects employment of credit analysts to shrink from 2025 to 2035 (down 4.3%). That is a decline, against 3.5% average growth for all occupations. That works out to roughly 64,700 jobs in 2025 moving toward 61,900 by 2035.
Across the decade, the BLS expects about 3,100 openings a year for credit analysts. Most come from the need to replace workers who move to other jobs or leave the workforce, on top of any new positions from growth.
Source: U.S. Bureau of Labor Statistics, Employment Projections program, 2025-35 (Table 1.2, Occupational projections and worker characteristics).
How to become a credit analyst
The typical entry-level education for credit analysts is a bachelor's degree, according to the BLS.
Education, training, and experience data: U.S. Bureau of Labor Statistics, Employment Projections program.
What affects how much a credit analyst earns
Firm size, industry, certifications, and years of experience drive the spread. Large firms and major financial centers pay well above small-town or entry-level roles.
Location is one of the clearest factors. The gap between the top paying state (New York, $133,270) and the lowest (West Virginia, $57,320) shows how much geography alone can move the number, before experience or specialization.
About 64,390 people work as credit analysts in the United States. At $83,510 a year, the job pays above the $50,980 median for all U.S. jobs.
Credit analyst salary FAQ
How much does a credit analyst make an hour?
The median hourly wage for a credit analyst is $40.15. The middle half of credit analysts earn between $31.35 and $58.88 per hour.
What is the highest credit analyst salary?
The highest paid 10 percent of credit analysts earn more than $169,230 per year. Top earners usually have the most experience and work in the best paying regions and industries.
How much does a credit analyst make a year?
The median annual salary for a credit analyst is $83,510. The average (mean) wage of $100,850 runs a bit higher than the median, which is normal for jobs where a group of top earners pulls the average up.
Is being a credit analyst a well paid job?
At $83,510 a year, a credit analyst earns above the $50,980 median for all U.S. jobs. About 64,390 people work as credit analysts in the United States.
Which state pays credit analysts the most?
New York has the highest median salary for credit analysts at $133,270 a year. District of Columbia ($132,590) and Virginia ($102,430) follow. State medians come from the BLS OEWS state files, May 2025.
Is being a credit analyst a good career?
Employment of credit analysts is projected to shrink 4.3% from 2025 to 2035, a decline, against 3.5% average growth for all occupations. The BLS projects about 3,100 openings each year, from growth and from workers leaving the occupation.
Do you need a degree to become a credit analyst?
The BLS lists the typical entry-level education for credit analysts as a bachelor's degree, so a college degree is usually expected.
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