Consumer Credit/Collections Analyst, Senior Salary in the United States

FAQ about Consumer Credit/Collections Analyst, Senior

1. What are the 5 C's of credit?

The 5 C's of credit are Character, Capacity, Capital, Conditions, and Collateral. Character assesses the borrower's reliability, Capacity evaluates their ability to repay, Capital refers to their financial resources, Conditions consider the economic environment, and Collateral involves assets pledged against the loan. For a Consumer Credit/Collections Analyst, salaries range from $72,000 to $94,900, with a midpoint of $82,100.

2. What does a credit and collection analyst do?

A credit and collection analyst is responsible for creating and maintaining credit history files, analyzing the creditworthiness of accounts using external tools, and managing collection efforts for accounts receivable. The salary for this role typically ranges from $72,000 to $94,900, with a midpoint of $82,100.

3. Where do credit analysts make the most money?

Credit analysts can earn varying salaries depending on their location. For instance, the salary range for a Consumer Credit/Collections Analyst, Senior is between $72,000 and $94,900, with a median salary of $82,100. Cities like New York and Greenville offer higher salaries, with New York averaging around $112,826 annually, making it one of the top-paying locations for this role.

4. How much does a senior Credit Analyst make in the US?

As of now, the salary range for a Senior Consumer Credit/Collections Analyst in the United States is between $72,000 and $94,900 annually, with a midpoint of $82,100. This translates to approximately $34.62 to $45.65 per hour, or $1,384 to $1,823 per week.

5. Do I need a degree to be a credit analyst?

To pursue a career as a Consumer Credit/Collections Analyst, a bachelor's degree in business, finance, or accounting is typically required. Alternatively, an associate degree combined with relevant experience in a financial institution may suffice. Salaries for this role range from $72,000 to $94,900, with a median salary of $82,100.

6. What is next level after senior analyst?

They spend 3.9 years on average in this job building experience and earn $94,900 per year before moving on. 3% of Jobtrees users transitioned to another job with the same title in their next career step. The most common career paths after Senior Analyst are Analyst, Senior Consultant, and Vice President, with salaries ranging from $72,000 to $94,900.