Credit Analyst Salary, Job Description & Role Analysis

Credit analyst salary based on their experience, qualifications, job roles and responsibilities, Find where can they find credit analyst jobs…

Credit Analyst

A credit analyst job might sound cool to some people and in fact it is a profession linked to the financial and banking sector where the role involves employees to make decisions on the credit worth of individuals, customers, brand, products, companies and anything that they need in order to provide a risk model.

Upon receiving the analysis from a credit analyst, then only the financial firms and banking services will invest if the risk seems low or lend credit if the individual seems less risky.

A Credit analyst salary can be as high as $75,000 in the United States which is not accurate when we look at from the standards across the world. That is why in this article we will be discussing more regarding the Credit analyst qualifications, their job sectors and then discuss the salary range for different positions in this profession.

ExperienceSalary range
Beginner or FresherINR 6 LPA
1-2 yearsINR 9-10 LPA
Minimum 5 yearsINR 15-20 LPA
*LPA = Lakhs Per Annum
Credit Analyst Salary

Credit Analyst Qualifications

So before we continue learning more about the salary range for this high valued profession, it would be a wise choice to understand the basic requirements in terms of the qualification required to become a credit analyst in the first place.

  • Graduate in Finance, Business, Accounting
  • Bachelor’s Degree in Business Management, Accounts & Finances
  • Minimum 2 Experience in Ability to understand quantitative analysis
  • Should be easily able to use Finance & accounting tools
  • Should be an expert in MS tools and most importantly MS Office
  • Ability to find & debug loops in data and analysis
  • Familiar with finance, accounting and business models, formulas

Credit Analyst jobs

If you have completed your graduation or studies pertaining to Credit analysis then you have become a certified credit analyst. But the thing is you might be wondering which companies or sectors they can apply for? There are a wide range of sectors that employ such professions. In today’s world, all the startups and big companies have started hiring to understand the risks of their financial decisions over the time.

  • Commercial Banks
  • Private & Public (Government Owned) Banks
  • Investment Banks
  • Credit Card services
  • Credit user rating agencies or companies
  • Investment and VC companies
  • Startups with high financial flow

Credit Analyst Salary

One of the key aspects to the profession of Credit analysis is that the payscale is high. Because they deal with numbers that allow their employers to make important and critical financial decisions. It can help grow their business. Hence such a context, we have seen all across the world the basic credit analyst salary to be at a base price of INR 6,00,000. Though this is set as the basic salary for them but it will largely be different when it comes to companies that hire the employees.

Entry Level Salary

Entry level credit analyst is someone who has just joined the role and does not have proper experience in the field. Someone who has completed their graduation in finance, business & accounting is a suitable person. Moreover the basic salary for such employees is INR 6,00,000 with no bonus included. Since this would stand out to be their first job.

Junior Salary

A junior credit analyst is someone who has at least 1 – 2 years of experience in the same field. This profile basic salary is INR 9 – 10 LPA. So it comes with a joining bonus in some of the popular and growing banks and service companies in the finance and accounting sector.

Senior Salary

A senior credit analyst salary is the range of INR 15 – 20 LPA. The reason for such value is because these types of roles are offered to someone who has at least a minimum of 5 years of experience as a credit analyst. For more information, please visit the page

What is the Average credit analyst salary?

Though the average for the credit analyst depends on the experience and the company that you are talking about. But in general, comparing all the types of roles in credit analysis the average salary would be anywhere from 5 LPA – 7 LPA all across the world.

Is a credit analyst salary good?

Yes, Credit analyst salary is high because the role itself is a critical one. The most of the financial companies, banks and investment companies depend upon. Since this role requires strong aptitude, quantitative and qualitative skills to understand complex number, formulas. It helps in provide risk models to their companies the salary is basically more than other professions.

Does a credit analyst salary differ by company?

Yes, there is going to be a difference in the credit analyst salary when you compare the sale role in different companies. The reason is simple because a big company would hire at a higher basic salary of at least 8 – 10 LPA where for the same role.

A small company would largely pay banks like ICICI & Bank of America are well known to pay higher as their turn over not more than 5 – 6 LPA. This has usually seen between credit analysts from different banks, where it is high. While banks like BOB or Kotak would pay a lesser basic salary.

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