As of March 01, 2025, the average annual salary for a Commercial Credit Analyst I in Elgin, IL is $62,939. Salary.com reports that pay typically ranges from $55,509 to $70,144, with most professionals earning between $48,744 and $76,703.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $67,969 | $5,664 | $1,307 | $33 |
| Average | $60,988 | $5,082 | $1,173 | $29 |
| 25th Percentile | $53,788 | $4,482 | $1,034 | $26 |
An entry-level Commercial Credit Analyst I with under 1 year experience makes about $61,597. With less than 2 years of experience, a mid-level Commercial Credit Analyst I makes around $62,356. After 2-4 years, the Commercial Credit Analyst I pay rises to about $63,949. Those senior Commercial Credit Analyst I with 5-8 years of experience earn roughly $64,267, and those Commercial Credit Analyst I having 8 years or more experience are expected to earn about $64,479 on average.
| Levels | Salary |
|---|---|
| Entry Level Commercial Credit Analyst I | $61,597 |
| Intermediate Level Commercial Credit Analyst I | $62,356 |
| Senior Level Commercial Credit Analyst I | $63,949 |
| Specialist Level Commercial Credit Analyst I | $64,267 |
| Expert Level Commercial Credit Analyst I | $64,479 |
| Entry Level | 1% |
| Mid Level | 2% |
| Senior Level | 5% |
| Top Level | 5% |
| Experienced | 6% |
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Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Microsoft Office: Microsoft Office is a suite of desktop productivity applications that is designed by Microsoft for business use. You can create documents containing text and images, work with data in spreadsheets and databases, create presentations and posters.
Credit Reports: Credit report is a statement that has information about your credit activity and current credit situation such as loan paying history and the status of your credit accounts. It allows to check for any delinquency in past and present credit accounts.
| Skill | Salary | Demand |
|---|---|---|
|
Relationship Management
|
$69,863 |
11%
|
|
Client Relationship
|
$69,863 |
11%
|
|
Insight
|
$69,233 |
10%
|
|
Financial Services
|
$67,974 |
8%
|
|
Risk Management
|
$66,716 |
6%
|
|
Commercial Banking
|
$66,716 |
6%
|
