As of March 01, 2026, the average hourly rate for a Credit Analyst I in the United States is $28, which translates to an annual salary of about $58,095.
However, the hourly wage can vary significantly based on several factors. Here’s a detailed look at the typical pay range per hour:
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A Credit Analyst I's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.
Experience is a primary driver of a Credit Analyst I's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Credit Analyst I | 0-2 years | $58,095 |
| Credit Analyst II | 2-4 years | $69,369 |
| Credit Analyst III | 4-7 years | $85,041 |
| Credit Analysis Manager | 7+ years | $117,664 |
| VP of Credit Analysis | 7+ years | $207,284 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Credit Analyst Is. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Analysis | 17.03% |
| Credit Risk | 2.55% |
| Tax Return | 1.69% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Initiative
|
$62,743 |
8%
|
|
Products and Services
|
$62,743 |
8%
|
|
Due Diligence
|
$62,162 |
7%
|
|
Collaboration
|
$62,162 |
7%
|
|
Commitment
|
$60,419 |
4%
|
|
Credit Reports
|
$59,838 |
3%
|
Your level of education can impact your salary potential. While many Credit Analyst Is enter the field with a Associate's Degree degree, higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data, the median salary for a Credit Analyst I with a Associate's Degree is between $55,783 and $59,395).
Credit Analyst I Salaries by Degree Level
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 0.4% |
| High School | 7.5% |
| Associates | 5.2% |
| Bachelors | 69.6% |
| Masters | 16.8% |
| Doctorate | 0.5% |
Understanding how a Credit Analyst I's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on March 01, 2026
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Analyzes the creditworthiness of prospective and current customers. Examines credit history using credit agency tools and evaluates potential risks. Makes recommendations on credit extensions within established guidelines. May make recommendations regarding bad debt or write-offs. Typically requires a bachelor's degree. Typically reports to a supervisor or manager. Works on projects/matters of limited complexity in a support role. Work is closely managed. Typically requires 0-2 years of related experience.
Specify the abilities and skills that a person needs in order to carry out the specified job duties. 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.
Credit Risk: Credit risk is the possibility of loss due to a borrower's defaulting on a loan or not meeting contractual obligations.
Tax Return: Calculating an entity’s income earned with the amount of tax payable to the government, organizations, or potential taxpayers.
Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
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