Know your market value with insights across roles — from individual contributors to executive pay and overall company compensation trends.
Access a suite of powerful calculators to make data-driven career decisions.
Automate pay cycles, manage job architectures, and ensure pay equity with AI-powered compensation platforms.
Access validated salary benchmarks, labor market trends, and minimum wage data to stay competitive.
Participate in and purchase industry-specific salary surveys to obtain the most accurate, peer-reported pay data.
As of August 01, 2026, the average salary for a Sr Credit Analyst in Michigan is $66,514 per year, which breaks down to an hourly rate of $32.
However, a Sr Credit Analyst's salary can vary significantly. Here’s a look at the typical salary range:
Compensation Planning
Develop a Job Description
Pay Equity
2026 Compensation Trend
Smart Recruiting
AI-Powered Talent
Sr Credit Analyst Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $74,223 | $6,185 | $1,427 | $36 |
| Average | $66,514 | $5,543 | $1,279 | $32 |
| 25th Percentile | $56,699 | $4,725 | $1,090 | $27 |
LHH - Grand Rapids, MI
Isabella Bank - Mount Pleasant, MI
GPAC Staffing - Novi, MI
LIPARI FOODS OPERATING COMPANY, LLC - Warren, MI
A Sr Credit Analyst'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 and company size can directly affect your earning potential.
Experience is a primary driver of a Sr Credit Analyst'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:
| Levels | Salary |
|---|---|
| Credit An... Level Sr Credit Analyst | $56,264 |
| Sr Credit... Level Sr Credit Analyst | $67,195 |
| Credit An... Level Sr Credit Analyst | $82,367 |
| Credit An... Level Sr Credit Analyst | $113,965 |
| VP of Cre... Level Sr Credit Analyst | $200,718 |
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 Sr Credit Analysts. 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:
For Sr Credit Analyst roles, the industry you choose can affect earning potential by as much as 83% (the gap between the highest and lowest paying industries). Data shows that the Pharmaceuticals and Financial Services sectors offer the strongest compensation, at 30% above the average. In contrast, Sr Credit Analyst positions in Transportation or Hospitality & Leisure typically offer lower base pay, as these industries often view Sr Credit Analyst as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Pharmaceuticals | $86,468 | $42.0 | 30% |
| Financial Services | $83,142 | $40.0 | 25% |
| Software & Networking | $79,816 | $38.0 | 20% |
| Biotechnology | $76,491 | $37.0 | 15% |
| Insurance | $74,495 | $36.0 | 12% |
Understanding how a Sr Credit Analyst'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.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $74,223 | $6,185 | $1,427 | $36 |
| Average | $66,514 | $5,543 | $1,279 | $32 |
| 25th Percentile | $56,699 | $4,725 | $1,090 | $27 |
Ready to take the next step in your career? Browse thousands of current Sr Credit Analyst job openings on our job board. Use the search bar below to find your perfect match.
General Motors
Warren, MI
General Motors | Warren, MI
Job Description. Perform and oversee General Ledger functions, assure accuracy, timeliness, and conformity with professional accounting standards and best ... more
8 Days Ago
Arete Technologies
Lansing, MI
Arete Technologies | Lansing, MI
Sr. Business Analyst. Arete Technologies, Inc. offers a set of innovative consulting and outsourcing services, bridging the gap between requirements and ou... more
5 Days Ago
LanceSoft
Detroit, MI
LanceSoft | Detroit, MI
Senior Business Analyst. The Senior Business Analyst supports healthcare operations by identifying, analyzing, and helping resolve operational issues that ... more
5 Days Ago
LG Energy Solution Michigan, Inc.
Holland, MI
LG Energy Solution Michigan, Inc. | Holland, MI
Job Description. Job Description. Title: Sr. Purchasing Analyst. Reports to: Manager, Purchasing. Location: Holland or Lansing, MI. LG Energy Solution Mich... more
6 Days Ago
My Michigan Health
Midland, MI
My Michigan Health | Midland, MI
Sr Financial AnalystThe Sr Financial Analyst supports system and hospital leadership through cost accounting, service line financial reporting, and operati... more
7 Days Ago
general motors financial company, inc.
Hamtramck, MI
general motors financial company, inc. | Hamtramck, MI
Develop and maintain complex pricing models and perform profitability analysis for all of International Operations Monitoring and validating model performa... more
7 Days Ago
Get a Salary Increase
Analyze the market and your qualifications to negotiate your salary with confidence.
Search Job Openings
Search thousands of open positions to find your next opportunity.
Adjust Employee Salary
Individualize employee pay based on unique job requirements and personal qualifications.
Price My Industry Jobs
Get the latest market price for benchmark jobs and jobs in your industry.
Use Salary.com's Cost of Living Calculator to find out what income you need to maintain your standard of living in a different city and how much more or less money you need to budget for basic expenses.
Explore Cost of Living CalculatorSalary.com experts will help you thrive your workplaces.
Salary.com provides salary survey data for thousands of industry Jobs.
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.
Salary.com's CompAnalyst platform offers:
