Key Factors That Influence Credit Analyst III Salaries
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.
How Experience Level Affects Credit Analyst Salaries?
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:
Credit Analyst I (0-2 years): $58,087
Credit Analyst II (2-4 years): $69,370
Credit Analyst III (4-7 years): $85,034
Credit Analysis Manager (7+ years): $117,656
VP of Credit Analysis (7+ years): $207,228
Job Role
Years of Experience
Average Salary
Credit Analyst I
0-2 years
$58,087
Credit Analyst II
2-4 years
$69,370
Credit Analyst III
4-7 years
$85,034
Credit Analysis Manager
7+ years
$117,656
VP of Credit Analysis
7+ years
$207,228
$58,087Credit An...
$69,370Credit An...
$85,034Credit An...
$117,656Credit An...
$207,228VP of Cre...
View as Table
View as Graph
What Am I Worth?
How Do Credit Analyst III Salaries Vary from State to State?
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:
Salaries can also vary between different cities.
Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay.
Here are a few examples of average annual salaries in different U.S. cities:
San Jose: $107,253
San Francisco: $106,079
Oakland: $103,844
San Jose, CA$107,253
San Francisco, CA$106,079
Oakland, CA$103,844
New York, NY$97,907
Paramus, NJ$96,717
Queens Village, NY$96,713
Passaic, NJ$96,632
Bergenfield, NJ$96,624
Stamford, CT$96,437
Huntington, NY$96,402
Newark, NJ$95,774
Bridgeport, CT$95,594
Vallejo, CA$95,425
New Brunswick, NJ$95,391
Petaluma, CA$95,340
Middlesex, NJ$95,179
Somerset, NJ$95,119
Santa Cruz, CA$95,008
Boston, MA$94,490
Monterey, CA$94,191
Seattle, WA$93,997
Santa Rosa, CA$93,980
Los Angeles, CA$93,954
Juneau, AK$93,733
Washington, DC$93,639
Orange, CA$93,337
Santa Ana, CA$93,112
Long Beach, CA$93,027
Anaheim, CA$93,010
Anchorage, AK$92,968
Santa Maria, CA$92,713
Everett, WA$92,696
Danbury, CT$92,396
Bremerton, WA$92,279
Tacoma, WA$91,973
New Suffolk, NY$91,971
Sacramento, CA$91,947
Santa Barbara, CA$91,854
Trenton, NJ$91,760
San Diego, CA$91,760
Brockton, MA$91,667
Fairbanks, AK$91,458
Lompoc, CA$91,241
Lowell, MA$91,173
Ventura, CA$91,156
Nashua, NH$91,139
Stockton, CA$91,131
Modesto, CA$90,510
Poughkeepsie, NY$90,323
Olympia, WA$90,162
Kennewick, WA$90,162
New Haven, CT$90,128
Lawrence, MA$89,821
Hartford, CT$89,736
Riverside, CA$89,719
New Bedford, MA$89,634
Richland, WA$89,634
Bakersfield, CA$89,515
San Bernardino, CA$89,481
New Britain, CT$89,473
Atlantic City, NJ$89,473
New London, CT$89,439
Norwich, CT$89,413
Portsmouth, NH$89,396
Boulder, CO$89,216
Portland, OR$89,099
Worcester, MA$89,090
Minneapolis, MN$88,827
Philadelphia, PA$88,707
Honolulu, HI$88,427
Saint Paul, MN$88,386
Vineland, NJ$88,367
Providence, RI$88,121
Chicago, IL$87,874
Bellingham, WA$87,772
Springfield, MA$87,704
Baltimore, MD$87,679
Chico, CA$87,466
Pittsfield, MA$87,236
Manchester, NH$87,075
Spokane, WA$86,701
Denver, CO$86,692
Albany, NY$86,293
Troy, NY$86,258
Nassau, NY$86,168
Schenectady, NY$86,080
Wilmington, DE$86,012
Burlington, VT$85,893
Salem, OR$85,859
Portland, ME$85,595
Yakima, WA$85,510
Rochester, MN$85,247
Reno, NV$85,204
Fresno, CA$85,204
Milwaukee, WI$85,128
Detroit, MI$85,043
Ann Arbor, MI$85,028
Allentown, PA$85,017
Colorado Springs, CO$84,872
Syracuse, NY$84,830
Carson City, NV$84,830
Houston, TX$84,711
Eugene, OR$84,668
Gary, IN$84,566
Springfield, OR$84,498
Bismarck, ND$84,481
Galveston, TX$84,422
Medford, OR$84,294
Fort Collins, CO$84,260
Concord, NH$84,218
Austin, TX$84,192
Mesa, AZ$84,014
Reading, PA$84,005
Phoenix, AZ$83,997
Dallas, TX$83,971
Saint Cloud, MN$83,889
Madison, WI$83,775
Utica, NY$83,546
Rochester, NY$83,410
Des Moines, IA$83,401
Raleigh, NC$83,393
Atlanta, GA$83,265
Battle Creek, MI$83,240
Salt Lake City, UT$83,214
Lancaster, PA$83,087
Harrisburg, PA$82,968
Kansas City, MO$82,883
Champaign, IL$82,866
Kansas City, KS$82,866
Fort Worth, TX$82,857
Columbus, OH$82,843
Boca Raton, FL$82,823
Pittsburgh, PA$82,789
Richmond, VA$82,755
Indianapolis, IN$82,738
Cleveland, OH$82,730
Las Vegas, NV$82,628
Cincinnati, OH$82,628
Petersburg, VA$82,500
Huntsville, AL$82,372
Lansing, MI$82,315
Lebanon, PA$82,304
Pueblo, CO$82,296
Appleton, WI$82,270
Buffalo, NY$82,236
Dayton, OH$82,211
Racine, WI$82,194
Charlotte, NC$82,185
Saint Louis, MO$82,160
York, PA$82,109
Elkhart, IN$82,109
Gastonia, NC$82,093
Billings, MT$82,072
Beaumont, TX$82,049
Lorain, OH$82,032
Benton Harbor, MI$82,015
Toledo, OH$81,998
Binghamton, NY$81,956
Rock Hill, SC$81,947
Rockford, IL$81,905
Springfield, IL$81,871
Elyria, OH$81,862
Fargo, ND$81,862
Flagstaff, AZ$81,803
Fort Lauderdale, FL$81,752
Duluth, MN$81,701
Miami, FL$81,701
Cheyenne, WY$81,641
Grand Forks, ND$81,641
Bangor, ME$81,454
Cedar Rapids, IA$81,361
Durham, NC$81,325
Louisville, KY$81,318
Grand Rapids, MI$81,301
Hialeah, FL$81,293
Casper, WY$81,173
Scranton, PA$81,071
New Orleans, LA$81,046
Virginia Beach, VA$81,037
Akron, OH$80,995
Peoria, IL$80,884
Sarasota, FL$80,867
Nashville, TN$80,808
Omaha, NE$80,808
Green Bay, WI$80,808
Baton Rouge, LA$80,765
Charleston, SC$80,748
Jamestown, NY$80,706
Davenport, IA$80,706
Tucson, AZ$80,663
Saint Petersburg, FL$80,612
Tampa, FL$80,595
Evansville, IN$80,544
Port Arthur, TX$80,544
Bradenton, FL$80,510
Santa Fe, NM$80,357
Orlando, FL$80,204
Clearwater, FL$80,179
Canton, OH$80,000
La Crosse, WI$80,000
Albuquerque, NM$79,949
Newport News, VA$79,940
High Point, NC$79,915
Ogden, UT$79,881
Corpus Christi, TX$79,813
Norfolk, VA$79,762
Laramie, WY$79,762
Rock Island, IL$79,711
Saginaw, MI$79,694
Jacksonville, FL$79,685
Salisbury, NC$79,668
Boise, ID$79,651
Moline, IL$79,609
Fort Myers, FL$79,583
Memphis, TN$79,566
Tulsa, OK$79,524
Waterloo, IA$79,473
Spartanburg, SC$79,388
Lincoln, NE$79,345
Fort Wayne, IN$79,328
Provo, UT$79,320
Cedar Falls, IA$79,218
San Antonio, TX$79,184
Greensboro, NC$79,150
South Bend, IN$79,141
Savannah, GA$79,048
Muskegon, MI$79,014
Birmingham, AL$79,005
Winston Salem, NC$78,963
Lake Charles, LA$78,758
Anderson, IN$78,741
Lexington, KY$78,716
Augusta, GA$78,690
Greenville, SC$78,690
Lima, OH$78,622
Wichita, KS$78,614
Tuscaloosa, AL$78,614
Columbia, SC$78,537
Springfield, OH$78,520
Asheville, NC$78,384
Bloomington, IN$78,325
Knoxville, TN$78,019
Shreveport, LA$78,010
Wilmington, NC$77,900
Roanoke, VA$77,900
Topeka, KS$77,747
Frankfort, KY$77,737
Oklahoma City, OK$77,679
Chillicothe, OH$77,645
Longview, TX$77,636
Melbourne, FL$77,628
Sioux Falls, SD$77,491
Mobile, AL$77,483
Terre Haute, IN$77,449
Altoona, PA$77,398
Amarillo, TX$77,338
Killeen, TX$77,313
Fayetteville, AR$77,245
Chattanooga, TN$77,219
Sioux City, IA$77,143
Idaho Falls, ID$77,126
Lynchburg, VA$77,058
Gainesville, FL$76,947
Portsmouth, OH$76,905
Little Rock, AR$76,888
Lafayette, LA$76,854
Youngstown, OH$76,854
Daytona Beach, FL$76,803
Clarksville, TN$76,794
Pensacola, FL$76,786
Temple, TX$76,780
Hopkinsville, KY$76,531
Erie, PA$76,514
Florence, SC$76,480
Charleston, WV$76,344
Great Falls, MT$76,301
Macon, GA$76,182
Tallahassee, FL$76,173
Fayetteville, NC$76,156
Waco, TX$76,139
Helena, MT$76,080
Pine Bluff, AR$76,048
Vincennes, IN$75,944
Lubbock, TX$75,910
Alamogordo, NM$75,859
Twin Falls, ID$75,782
Rapid City, SD$75,757
Jackson, MS$75,604
Huntington, WV$75,598
Greenville, MS$75,595
Parkersburg, WV$75,508
Montgomery, AL$75,493
Wichita Falls, TX$75,408
Springfield, MO$75,408
Biloxi, MS$75,366
Monroe, LA$75,281
Johnstown, PA$75,221
Sumter, SC$75,187
Columbus, GA$75,179
Pascagoula, MS$75,017
Abilene, TX$75,017
Kingsport, TN$74,796
Albany, GA$74,796
Gulfport, MS$74,770
Alexandria, LA$74,490
Fort Smith, AR$74,277
El Paso, TX$74,048
Las Cruces, NM$73,665
Harlingen, TX$73,449
Pocatello, ID$73,435
Florence, AL$73,325
Brownsville, TX$73,308
Mcallen, TX$73,129
Dothan, AL$73,010
Columbus, MS$72,505
Altus, OK$72,109
Lawton, OK$71,947
Pierre, SD$71,641
What Skills Can Increase a Credit Analyst III's Salary?
Demanded Skills for the Role:
Analysis (Mentioned in 19.28% Job Postings): Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Commercial Loans (Mentioned in 2.37% Job Postings): A commercial loan is a debt-based funding arrangement between a business and a financial institution such as a bank. It is typically used to fund major capital expenditures and/or cover operational costs that the company may otherwise be unable to afford.
Loan Review (Mentioned in 1.17% Job Postings): Loan review is a process routinely used by banks to assess the current value of loan portfolios. Provisioning is a technique to translate loan review results into the balance sheet.
See More Skills
Skills
Demand Percentage
Analysis
19.28%
Commercial Loans
2.37%
Loan Review
1.17%
What skills can make your compensation higher?
Mastering certain specialized skills can lead to a significant increase in pay.
Here are examples of skills and the potential impact they can have on a Credit Analyst III's salary.
Portfolio Management: Can increase your salary by up to 9%.
Balance Sheet: Can increase your salary by up to 7%.
Accountability: Can increase your salary by up to 7%.
Skill
Salary
Salary % Increase
Portfolio Management
$92,687
9%
Balance Sheet
$90,986
7%
Accountability
$90,986
7%
Risk Management
$89,286
5%
Collaboration
$89,286
5%
Cash Flow Analysis
$88,435
4%
Get Latest Data
Credit Analyst III Salary by Company Size: Startups vs. Enterprise
Credit Analyst III salary potential scales significantly with company size.
Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $95,110.
While startup companies pay approximate $80,435.
Credit Analyst III Salary by Company Size
Company Size
Employees
Average Salary
Startup
1~50
$80,435
Growth Stage
51~500
$85,072
Established
501~5000
$91,847
Enterprise
5000+
$95,110
Credit Analyst III Salary by Industry: Top Paying Sectors
For Credit Analyst III roles, the industry you choose can affect earning potential
by as much as 43% (the gap between the highest and lowest paying industries).
Data shows that the Biotechnology and Internet
sectors offer the strongest compensation, at 20% above the average.
In contrast, Credit Analyst positions in Transportation or Edu., Gov't. & Nonprofit typically offer lower base pay,
as these industries often view Credit Analyst III as a support function rather than a direct revenue driver.
The top paying industries for a Credit Analyst III
Industry Sector
Average Annual Salary
Average Hourly Rate
Pay vs.Avg
Biotechnology
$102,041
$49.0
20%
Internet
$100,340
$48.0
18%
Energy & Utilities
$97,789
$47.0
15%
Insurance
$95,238
$46.0
12%
Chemicals
$93,537
$45.0
10%
How Education impacts a Credit Analyst III's Salary?
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
Typical Education for Credit Analyst III
No Diploma0.7%
High School7.3%
Associates5.9%
Bachelors44.2%
Masters40.6%
Doctorate1.3%
view as table
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%
view as graph
Credit Analyst III Salary: Hourly Rate, Weekly Pay, and Monthly Pay
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.
Hourly
Monthly
Weekly
Yearly
Table View
Last Updated on July 01, 2026
$77,320
Average$85,034/year
$93,641
$6,443
Average$7,086/month
$7,803
$1,487
Average$1,635/week
$1,801
$37
Average$41/hour
$45
Annual Salary
Monthly Pay
Weekly Pay
Hourly Wage
75th Percentile
$93,641
$7,803
$1,801
$45
Average
$85,034
$7,086
$1,635
$41
25th Percentile
$77,320
$6,443
$1,487
$37
Credit Analyst III Salary Growth & Career Path
For 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
$117,656 - a projected growth of
38%
over your current level.
Salaries for a Credit Analyst III can change over time,
reflecting shifts in market demand and the overall economy.
The median salary decreased from $85,403 in 2023
to around $84,856 in 2025,
reflecting changes in demand, location, experience, and the wider economy.
For a detailed analysis of Credit Analyst III salary trends,
.
Average Annual Salary of Credit Analyst III Over Time
2022
$???
2023
$85,403
2024
$85,188
2025
$84,856
2026
$???
2027
$???
Year
Average Annual Salary
2022
View More
2023
$85,403
2024
$85,188
2025
$84,856
2026
View More
2027
View More
Most common benefits for Credit Analyst III
Social Security
401(k)
Disability
Healthcare
Pension
Time Off (days)
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Common company salaries for Credit Analyst III
Here are companies hiring for Credit Analyst III and their salaries, click below for more details.
C
$128,509/per year
C R Bard Inc
Biotechnology
the United States
H
$124,697/per year
Henry Schein Canada
Biotechnology
the United States
N
$123,899/per year
Nordex Inc
Biotechnology
the United States
N
$120,416/per year
Nipro Corp
Biotechnology
the United States
E
$115,870/per year
Enovis
Biotechnology
the United States
A
$114,553/per year
Advanced Research Projects Agency - Energy
Biotechnology
the United States
M
$112,110/per year
MiniMed Inc
Biotechnology
the United States
L
$111,500/per year
Labcorp Drug Development
Biotechnology
the United States
L
$110,229/per year
Life Technologies Corp
Biotechnology
the United States
Z
$106,224/per year
Zimmer Biomet
Biotechnology
the United States
P
$103,077/per year
Promontory Therapeutics
Biotechnology
the United States
S
$102,181/per year
Steris PLC
Biotechnology
the United States
G
$97,274/per year
Gavin Conferences Pty Ltd
Biotechnology
the United States
E
$94,764/per year
Endeavor BioMedicines
Biotechnology
the United States
R
$94,402/per year
Replay Holdings LLC
Biotechnology
the United States
P
$94,235/per year
Pleno Inc
Biotechnology
the United States
S
$93,666/per year
Simulaids Inc
Biotechnology
the United States
N
$88,880/per year
NOIRLab/CAS
Biotechnology
the United States
O
$86,468/per year
Onward Technology
Biotechnology
the United States
L
$84,895/per year
LED Medical Diagnostics Inc
Biotechnology
the United States
E
$84,682/per year
Eyeco Ltd
Biotechnology
the United States
P
$84,523/per year
Paerosol
Biotechnology
the United States
I
$83,525/per year
IONIQ Sciences Inc
Biotechnology
the United States
S
$82,815/per year
Stateside PPE
Biotechnology
the United States
D
$82,041/per year
Digi Bio
Biotechnology
the United States
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FAQ about Credit Analyst III
1. Where can a Credit Analyst III earn the most?
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 $107,253.
2. What is the highest pay for Credit Analyst III?
The highest pay for Credit Analyst III is $101,477.
3. What is the lowest pay for Credit Analyst III?
The lowest pay for Credit Analyst III is $70,297.
4. What are the responsibilities of Credit Analyst III?
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.
5. What industry pays the highest salary for Credit Analyst III?
The Biotechnology industry offers the highest average compensation for Credit Analyst III roles,
with salaries approximately 20% above the market median.
Where Does Our Salary Data Come From?
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
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