How Much Does an Approval Analyst make?

Approval Analyst made a median salary around $47,250 in December, 2024. The best-paid 25 percent made $52,485 probably that year, while the lowest-paid 25 percent made around $42,332. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Check out Approval Analyst jobs in South Dakota

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Best-Paying Cities for Approval Analyst

The metropolitan areas that pay the highest salary in the Approval Analyst profession are Bullhead , Herreid , Keldron , Lemmon , Little Eagle .
Bullhead, SD $51,454
Herreid, SD $51,454
Keldron, SD $51,454
Lemmon, SD $51,454
Little Eagle, SD $51,454

Best-Paying States for Approval Analyst

The states and districts that pay Approval Analyst the highest salary are District of Columbia (around $58,497) , California (around $57,971) , New Jersey (around $57,603) , Alaska (around $57,236) , and Massachusetts (around $57,183) .
District of Columbia $58,497
California $57,971
New Jersey $57,603
Alaska $57,236
Massachusetts $57,183

What is the Career Path of Approval Analyst?

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Approval Analyst, the first career path typically progresses to Agricultural Loan Officer.

The second career path typically starts with a Construction Loan Officer position , and then progresses to Construction Loan Manager.

The third career path typically progresses to Community Reinvestment Officer.

Additionally, the fourth career path typically starts with a Middle Market Lending Specialist position , and then progresses to Middle Market Lending Manager.

Besides, Approval Analyst can also turn to other related jobs, including Approval Officer , Approval Specialist , Country Approval Specialist and Mortgage Credit Analyst .

Frequently Asked Questions for Approval Analyst

Q: What is the salary range of Approval Analyst in South Dakota?
A: In 2024 , the lowest-paid Approval Analyst in South Dakota earned an average annual salary of $42,332 , while the highest-paid made $52,485.
Q: What is the salary for an Approval Analyst in California?
A: Approval Analyst employed in California earned an average salary of $57,971 in 2024.

Average Approval Analyst Pay vs. Other Jobs

Approval Analyst earned an average salary of $47,250 in 2024. Other jobs related to Approval Analyst earned the following average salary in December, 2024. Approval Officer made $76,887 , Approval Specialist made $66,718 , Country Approval Specialist and Mortgage Credit Analyst made $56,805 and $52,293 respectively .

Relevant Jobs of Approval Analyst

Approval Officer - Average Salary $76,887
There is currently no job description for Approval Officer, be the first to submit the job responsibilities for Approval Officer.
Approval Specialist - Average Salary $66,718
There is currently no job description for Approval Specialist, be the first to submit the job responsibilities for Approval Specialist.
Country Approval Specialist - Average Salary $56,805
There is currently no job description for Country Approval Specialist, be the first to submit the job responsibilities for Country Approval Specialist.
Mortgage Credit Analyst - Average Salary $52,293
Mortgage Credit Analyst assesses the risk and creditworthiness of loan applicants and recommends loan approval, terms, or application denial. Gathers necessary credit, income, and tax information to conduct financial assessments. Being a Mortgage Credit Analyst reviews and verifies property appraisals, collateral value, and key indicators such as debt-to-income and loan-to-value ratios. Prepares a detailed credit analysis and summary using underwriting guidelines, risk assessment frameworks, and following applicable regulatory compliance. Additionally, Mortgage Credit Analyst may require a bachelor's degree. Typically reports to a manager. The Mortgage Credit Analyst work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Mortgage Credit Analyst typically requires 0-2 years of related experience.
Credit Analyst - Mortgage Loans - Average Salary $52,300
The Credit Analyst - Mortgage Loans gathers necessary credit, income, and tax information to conduct financial assessments. Assesses the risk and creditworthiness of loan applicants and recommends loan approval, terms, or application denial. Being a Credit Analyst - Mortgage Loans prepares a detailed credit analysis and summary using underwriting guidelines, risk assessment frameworks, and following applicable regulatory compliance. Reviews and verifies property appraisals, collateral value, and key indicators such as debt-to-income and loan-to-value ratios. In addition, Credit Analyst - Mortgage Loans may require a bachelor's degree. Typically reports to a manager. Being a Credit Analyst - Mortgage Loans work is closely managed. Works on projects/matters of limited complexity in a support role. Working as a Credit Analyst - Mortgage Loans typically requires 0-2 years of related experience.