As of March 01, 2026, the average salary for a Credit Analyst III in the United States is $85,041 per year, which breaks down to an hourly rate of $41.
However, a Credit Analyst III's salary can vary significantly. Here’s a look at the typical salary range:
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A Credit Analyst III'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 III'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 IIIs. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Analysis | 19.28% |
| Commercial Loans | 2.37% |
| Loan Review | 1.17% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Portfolio Management
|
$92,695 |
9%
|
|
Balance Sheet
|
$90,994 |
7%
|
|
Accountability
|
$90,994 |
7%
|
|
Risk Management
|
$89,293 |
5%
|
|
Collaboration
|
$89,293 |
5%
|
|
Cash Flow Analysis
|
$88,443 |
4%
|
Your level of education can impact your salary potential. While many Credit Analyst IIIs enter the field with a Bachelor'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 III with a Bachelor's Degree is between $82,471 and $87,841).
Credit Analyst III Salaries by Degree Level
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 0.7% |
| High School | 7.3% |
| Associates | 5.9% |
| Bachelors | 44.2% |
| Masters | 40.6% |
| Doctorate | 1.3% |
Understanding how a Credit Analyst III'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, 2026For a Credit Analyst III, the most direct path to higher earnings is advancing to the Credit Analysis Manager role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $117,664 - a projected growth of 38% over your current level.
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Compensation PlanningHere are companies hiring for Credit Analyst III and their salaries, click below for more details.
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A Credit Analyst III's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Credit Analyst III earns the most in San Jose, CA, where the annual salary of a Credit Analyst III is $107,262.
The highest pay for Credit Analyst III is $101,398.
The lowest pay for Credit Analyst III is $70,306.
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 manager. Work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. Typically requires 4-7 years of related experience.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
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