Credit Analysts
Credit Analysts (SOC 13-2041) earn a median $83,510 a year ($40.15 an hour) in the United States, with 64,390 employed as of May 2025; the highest-paying state is New York.
What credit analysts do
Credit analysts study the financial condition of individuals or businesses to judge how risky it would be to lend to them or extend credit. The central task is reading credit histories and financial statements to estimate how likely repayment is. Analysts calculate financial ratios with computer programs, prepare credit reports that summarize the degree of risk, and complete loan applications along with credit analyses and summaries of the loan request. Their reports and loan summaries go to loan committees for approval. Titles include commercial credit analyst, credit administrator, and credit and collections analyst. The occupation excludes financial risk specialists, who measure credit and market exposure for an entire organization, and it differs from loan officers, who evaluate and authorize loans and deal with applicants, and from credit counselors, who advise people on managing debt. Financial and investment analysts evaluate securities and investments rather than borrowers. They also compare a borrower's liquidity, profitability, and credit history with those of similar establishments in the same industry and region, and consult with customers to resolve complaints.
Typical entry: O*NET respondents most often report a bachelor's degree as the typical level of education for this occupation.
Also called: Commercial Credit Analyst, Commercial Credit Manager, Credit Administrator, Credit Analyst, Credit and Collections Analyst.
National wage percentiles, May 2025
| Area | Basis | Percentile wage | Mean | Employment | ||||
|---|---|---|---|---|---|---|---|---|
| 10th | 25th | Median | 75th | 90th | ||||
| United States | Hourly | $27.04 | $31.35 | $40.15 | $58.88 | $81.36 | $48.49 | 64,390 |
| Annual | $56,250 | $65,210 | $83,510 | $122,460 | $169,230 | $100,850 | ||
Employment per 1,000 jobs and the location quotient are area measures; they appear in the state and metro tables below. To see what a wage in this range leaves after tax, use FastCalc's take-home pay calculator.
Where credit analysts earn and work most
Five highest-paying states
| Area | Basis | Percentile wage | Mean | Employment | Jobs per 1,000 | Location quotient | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| 10th | 25th | Median | 75th | 90th | ||||||
| New York | Hourly | $36.89 | $47.70 | $64.07 | $97.30 | $115.97 | $72.30 | 7,960 | 0.82 | 1.98 |
| Annual | $76,730 | $99,210 | $133,270 | $202,380 | $241,220 | $150,390 | ||||
| District of Columbia | Hourly | $32.70 | $38.58 | $63.74 | $99.58 | $101.07 | $69.23 | 50 | 0.07 | 0.16 |
| Annual | $68,020 | $80,250 | $132,590 | $207,120 | $210,220 | $144,010 | ||||
| Virginia | Hourly | $30.39 | $39.10 | $49.25 | $67.54 | $79.21 | $56.33 | 2,460 | 0.60 | 1.45 |
| Annual | $63,220 | $81,330 | $102,430 | $140,490 | $164,750 | $117,160 | ||||
| New Jersey | Hourly | $34.42 | $38.60 | $48.53 | $63.14 | $81.48 | $54.18 | 1,220 | 0.28 | 0.69 |
| Annual | $71,590 | $80,280 | $100,940 | $131,320 | $169,490 | $112,680 | ||||
| Hawaii | Hourly | $24.82 | $30.12 | $47.55 | $71.56 | $71.56 | $50.07 | 130 | 0.21 | 0.51 |
| Annual | $51,620 | $62,640 | $98,900 | $148,840 | $148,840 | $104,150 | ||||
Five states with the most jobs
| Area | Basis | Percentile wage | Mean | Employment | Jobs per 1,000 | Location quotient | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| 10th | 25th | Median | 75th | 90th | ||||||
| New York | Hourly | $36.89 | $47.70 | $64.07 | $97.30 | $115.97 | $72.30 | 7,960 | 0.82 | 1.98 |
| Annual | $76,730 | $99,210 | $133,270 | $202,380 | $241,220 | $150,390 | ||||
| Texas | Hourly | $24.33 | $29.29 | $37.85 | $48.60 | $64.84 | $42.45 | 6,130 | 0.44 | 1.05 |
| Annual | $50,600 | $60,920 | $78,730 | $101,080 | $134,860 | $88,300 | ||||
| California | Hourly | $29.51 | $36.72 | $47.05 | $66.69 | $93.64 | $54.65 | 5,260 | 0.29 | 0.70 |
| Annual | $61,380 | $76,380 | $97,860 | $138,710 | $194,760 | $113,670 | ||||
| Florida | Hourly | $26.53 | $30.03 | $37.67 | $46.88 | $64.59 | $43.12 | 4,040 | 0.41 | 0.98 |
| Annual | $55,170 | $62,460 | $78,360 | $97,520 | $134,350 | $89,690 | ||||
| North Carolina | Hourly | $30.11 | $36.56 | $45.46 | $59.74 | $78.91 | $49.25 | 3,270 | 0.66 | 1.60 |
| Annual | $62,620 | $76,030 | $94,570 | $124,270 | $164,140 | $102,440 | ||||
Five highest-paying metropolitan areas
| Area | Basis | Percentile wage | Mean | Employment | Jobs per 1,000 | Location quotient | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| 10th | 25th | Median | 75th | 90th | ||||||
| New York-Newark-Jersey City, NY-NJ | Hourly | $38.87 | $49.30 | $65.63 | $98.83 | $124.19 | $73.98 | 7,530 | 0.79 | 1.91 |
| Annual | $80,850 | $102,550 | $136,500 | $205,570 | $258,320 | $153,870 | ||||
| San Jose-Sunnyvale-Santa Clara, CA | Hourly | $35.91 | $46.22 | $62.13 | $79.42 | $100.75 | $65.24 | 330 | 0.29 | 0.70 |
| Annual | $74,690 | $96,140 | $129,240 | $165,200 | $209,560 | $135,700 | ||||
| San Francisco-Oakland-Fremont, CA | Hourly | $30.45 | $38.88 | $58.94 | $79.54 | $104.49 | $64.11 | 850 | 0.36 | 0.87 |
| Annual | $63,330 | $80,860 | $122,590 | $165,450 | $217,340 | $133,360 | ||||
| Burlington-South Burlington, VT | Hourly | $28.98 | $33.13 | $57.92 | $66.16 | $100.41 | $57.51 | 40 | 0.33 | 0.79 |
| Annual | $60,280 | $68,920 | $120,480 | $137,620 | $208,860 | $119,620 | ||||
| Washington-Arlington-Alexandria, DC-VA-MD-WV | Hourly | $30.86 | $41.79 | $55.15 | $77.92 | $85.20 | $57.89 | 1,060 | 0.34 | 0.82 |
| Annual | $64,200 | $86,920 | $114,700 | $162,070 | $177,220 | $120,420 | ||||
Five metropolitan areas with the most jobs
| Area | Basis | Percentile wage | Mean | Employment | Jobs per 1,000 | Location quotient | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| 10th | 25th | Median | 75th | 90th | ||||||
| New York-Newark-Jersey City, NY-NJ | Hourly | $38.87 | $49.30 | $65.63 | $98.83 | $124.19 | $73.98 | 7,530 | 0.79 | 1.91 |
| Annual | $80,850 | $102,550 | $136,500 | $205,570 | $258,320 | $153,870 | ||||
| Dallas-Fort Worth-Arlington, TX | Hourly | $27.36 | $29.55 | $38.72 | $49.79 | $73.21 | $44.21 | 3,210 | 0.79 | 1.92 |
| Annual | $56,910 | $61,470 | $80,530 | $103,550 | $152,270 | $91,950 | ||||
| Chicago-Naperville-Elgin, IL-IN | Hourly | $29.42 | $32.72 | $44.67 | $62.98 | $82.78 | $51.42 | 2,560 | 0.57 | 1.37 |
| Annual | $61,190 | $68,050 | $92,900 | $131,000 | $172,180 | $106,950 | ||||
| Charlotte-Concord-Gastonia, NC-SC | Hourly | $31.73 | $38.23 | $48.38 | $61.83 | $79.49 | $51.56 | 2,190 | 1.62 | 3.90 |
| Annual | $65,990 | $79,520 | $100,640 | $128,610 | $165,330 | $107,240 | ||||
| Los Angeles-Long Beach-Anaheim, CA | Hourly | $28.62 | $36.10 | $45.98 | $64.01 | $86.95 | $53.19 | 2,100 | 0.34 | 0.81 |
| Annual | $59,540 | $75,080 | $95,640 | $133,140 | $180,860 | $110,640 | ||||
Top industries employing credit analysts
Credit Intermediation and Related Activities (5221 and 5223 only) employ 46.8% of credit analysts nationally (30,150 jobs) at a median $82,960 a year ($39.89 an hour), followed by Nondepository Credit Intermediation (15.9%) and Management of Companies and Enterprises (12.2%).
| Industry | Employment | Share of occupation | Median annual | Median hourly |
|---|---|---|---|---|
| Credit Intermediation and Related Activities (5221 and 5223 only) NAICS 5220A1 | 30,150 | 46.8% | $82,960 | $39.89 |
| Nondepository Credit Intermediation NAICS 522200 | 10,220 | 15.9% | $80,880 | $38.89 |
| Management of Companies and Enterprises NAICS 551100 | 7,830 | 12.2% | $83,190 | $40.00 |
| Securities, Commodity Contracts, and Other Financial Investments and Related Activities NAICS 523000 | 5,330 | 8.3% | $135,390 | $65.09 |
| Merchant Wholesalers, Durable Goods (4232, 4233, 4235, 4236, 4237, and 4239 only) NAICS 4230A1 | 1,310 | 2.0% | $70,960 | $34.11 |
Share is the industry's employment over the occupation's national employment (64,390). Industries whose employment BLS withheld are not ranked.
Published medians, May 2021 to May 2025
BLS published a median annual wage of $77,440 for credit analysts in May 2021 and $83,510 in May 2025, with employment of 68,770 and 64,390.
| Release | Median annual | Median hourly | Employment |
|---|---|---|---|
| May 2021 | $77,440 | $37.23 | 68,770 |
| May 2022 | $78,850 | $37.91 | 71,960 |
| May 2023 | $79,420 | $38.18 | 73,200 |
| May 2024 | $80,970 | $38.93 | 67,370 |
| May 2025 | $83,510 | $40.15 | 64,390 |
BLS does not design OEWS as a time series: each release pools three years of samples, and occupational classifications, area definitions and estimation methods change between releases, so a difference between two releases is not a measure of change over time. The figures are shown as published, side by side, and nothing is computed from them. See how often OEWS is updated.
Every state, by median wage
51 states and DC publish a row for this occupation. A linked state has its own page with the within-state metro table and comparison; the others appear here only.
| Rank | State | Median hourly | Median annual | 10th pct (annual) | 90th pct (annual) | Employment | Jobs per 1,000 | Location quotient |
|---|---|---|---|---|---|---|---|---|
| 1 | New York profile | $64.07 | $133,270 | $76,730 | $241,220 | 7,960 | 0.82 | 1.98 |
| 2 | District of Columbia profile | $63.74 | $132,590 | $68,020 | $210,220 | 50 | 0.07 | 0.16 |
| 3 | Virginia profile | $49.25 | $102,430 | $63,220 | $164,750 | 2,460 | 0.60 | 1.45 |
| 4 | New Jersey profile | $48.53 | $100,940 | $71,590 | $169,490 | 1,220 | 0.28 | 0.69 |
| 5 | Hawaii profile | $47.55 | $98,900 | $51,620 | $148,840 | 130 | 0.21 | 0.51 |
| 6 | Connecticut profile | $47.23 | $98,230 | $65,540 | $140,830 | 560 | 0.33 | 0.80 |
| 7 | California profile | $47.05 | $97,860 | $61,380 | $194,760 | 5,260 | 0.29 | 0.70 |
| 8 | Massachusetts profile | $46.68 | $97,080 | $64,530 | $173,680 | 1,400 | 0.39 | 0.93 |
| 9 | Delaware profile | $45.52 | $94,680 | $64,830 | $166,040 | 720 | 1.48 | 3.57 |
| 10 | North Carolina profile | $45.46 | $94,570 | $62,620 | $164,140 | 3,270 | 0.66 | 1.60 |
| 11 | Washington profile | $43.83 | $91,160 | $59,800 | $151,970 | 1,280 | 0.36 | 0.87 |
| 12 | Rhode Island profile | $41.31 | $85,920 | $59,860 | $134,850 | 160 | 0.31 | 0.76 |
| 13 | Illinois profile | $40.86 | $84,990 | $58,400 | $172,180 | 3,130 | 0.51 | 1.24 |
| 14 | Minnesota profile | $39.73 | $82,630 | $60,530 | $131,610 | 1,110 | 0.38 | 0.91 |
| 15 | Maine profile | $39.30 | $81,750 | $61,430 | $123,490 | 280 | 0.44 | 1.05 |
| 16 | Alaska profile | $39.11 | $81,340 | $56,910 | $97,110 | 40 | 0.11 | 0.27 |
| 17 | Colorado profile | $39.07 | $81,270 | $61,950 | $176,230 | 870 | 0.30 | 0.73 |
| 18 | Oregon profile | $38.65 | $80,380 | $62,310 | $129,830 | 650 | 0.33 | 0.80 |
| 19 | Pennsylvania profile | $38.59 | $80,280 | $50,750 | $155,360 | 1,930 | 0.32 | 0.77 |
| 20 | Alabama profile | $38.45 | $79,970 | $52,790 | $138,570 | 370 | 0.17 | 0.42 |
| 21 | Nebraska profile | $38.33 | $79,730 | $50,200 | $110,380 | 510 | 0.50 | 1.20 |
| 22 | Ohio profile | $38.33 | $79,720 | $50,460 | $133,700 | 2,790 | 0.50 | 1.21 |
| 23 | Idaho profile | $38.29 | $79,650 | $58,770 | $139,990 | 330 | 0.38 | 0.92 |
| 24 | Kentucky profile | $38.12 | $79,290 | $51,980 | $130,200 | 370 | 0.18 | 0.44 |
| 25 | Texas profile | $37.85 | $78,730 | $50,600 | $134,860 | 6,130 | 0.44 | 1.05 |
| 26 | Florida profile | $37.67 | $78,360 | $55,170 | $134,350 | 4,040 | 0.41 | 0.98 |
| 27 | Georgia profile | $37.50 | $77,990 | $51,500 | $155,910 | 1,790 | 0.37 | 0.88 |
| 28 | New Hampshire profile | $37.49 | $77,980 | $60,370 | $156,480 | 230 | 0.34 | 0.82 |
| 29 | South Carolina profile | $37.28 | $77,530 | $49,300 | $125,680 | 690 | 0.30 | 0.72 |
| 30 | Arizona profile | $37.03 | $77,020 | $55,890 | $125,980 | 2,260 | 0.70 | 1.68 |
| 31 | Iowa profile | $36.90 | $76,760 | $56,470 | $117,160 | 480 | 0.31 | 0.74 |
| 32 | Maryland profile | $36.25 | $75,390 | $47,410 | $124,380 | 700 | 0.25 | 0.61 |
| 33 | Oklahoma profile | $36.22 | $75,330 | $47,530 | $178,350 | 550 | 0.33 | 0.78 |
| 34 | Mississippi profile | $36.00 | $74,880 | $47,020 | $164,010 | 280 | 0.24 | 0.58 |
| 35 | North Dakota profile | $35.96 | $74,810 | $51,920 | $123,460 | 300 | 0.69 | 1.67 |
| 36 | Montana profile | $35.89 | $74,650 | $57,350 | $124,010 | 190 | 0.38 | 0.92 |
| 37 | Michigan profile | $35.89 | $74,640 | $51,170 | $108,870 | 1,510 | 0.34 | 0.83 |
| 38 | Utah profile | $35.78 | $74,430 | $49,160 | $164,900 | 750 | 0.43 | 1.04 |
| 39 | Louisiana profile | $35.20 | $73,210 | $46,680 | $134,670 | 290 | 0.15 | 0.36 |
| 40 | Kansas profile | $35.15 | $73,120 | $52,990 | $132,120 | 520 | 0.36 | 0.87 |
| 41 | Nevada profile | $35.14 | $73,090 | $58,400 | $137,960 | 390 | 0.25 | 0.61 |
| 42 | South Dakota profile | $35.11 | $73,040 | $51,690 | $134,230 | 430 | 0.95 | 2.28 |
| 43 | Tennessee profile | $34.88 | $72,550 | $49,080 | $134,980 | 1,480 | 0.45 | 1.09 |
| 44 | New Mexico profile | $34.69 | $72,160 | $53,960 | $133,310 | 90 | 0.11 | 0.26 |
| 45 | Arkansas profile | $34.31 | $71,370 | $43,520 | $118,500 | 300 | 0.23 | 0.56 |
| 46 | Vermont profile | $34.24 | $71,220 | $55,910 | $150,030 | 90 | 0.30 | 0.71 |
| 47 | Wisconsin profile | $33.02 | $68,690 | $50,780 | $126,640 | 1,770 | 0.60 | 1.45 |
| 48 | Missouri profile | $31.42 | $65,350 | $50,020 | $113,280 | 1,160 | 0.40 | 0.96 |
| 49 | Indiana profile | $30.12 | $62,660 | $47,850 | $101,560 | 860 | 0.27 | 0.65 |
| 50 | Wyoming profile | $29.91 | $62,210 | $49,140 | $91,920 | 40 | 0.16 | 0.38 |
| 51 | West Virginia profile | $27.56 | $57,320 | $48,170 | $95,870 | 220 | 0.31 | 0.74 |
Part of Business and Financial Operations Occupations. Compare any area in the wage explorer.
Source and notes
Data: BLS OEWS May 2025, released 2026-05-15. Cross-industry estimates, all ownerships. BLS page: OEWS 13-2041 Credit Analysts.
- Annual wages assume 2,080 hours a year at the hourly rate; occupations BLS publishes on one basis only show an en dash (–) on the other.
- Employment is rounded to the nearest 10 by BLS. Where BLS withholds a cell, nothing is estimated in its place.
- Top industries: nat4d_M2025_dl.xlsx in oesm25in4.zip (BLS OEWS May 2025, national, 4-digit NAICS, cross-ownership). Employment is the industry's rounded total for this occupation; industries whose employment BLS withheld (**) are not ranked.
- Published medians: national_M2021_dl.xlsx to national_M2024_dl.xlsx in oesm21nat.zip to oesm24nat.zip (BLS OEWS May 2021 to May 2024, national, cross-industry, all ownerships) and the May 2025 spine. Each release is shown as published; nothing is computed between them.
Sources
- BLS Standard Occupational Classification 2018, definition of 13-2041, U.S. Bureau of Labor Statistics (public domain).
- O*NET 30.1 Database, 13-2041.00, National Center for O*NET Development, USDOL/ETA (CC BY 4.0).
- OEWS May 2025 national industry-specific estimates, 4-digit NAICS (oesm25in4.zip), US Bureau of Labor Statistics (public domain).
- OEWS May 2021 national estimates (oesm21nat.zip), US Bureau of Labor Statistics (public domain).
- OEWS May 2022 national estimates (oesm22nat.zip), US Bureau of Labor Statistics (public domain).
- OEWS May 2023 national estimates (oesm23nat.zip), US Bureau of Labor Statistics (public domain).
- OEWS May 2024 national estimates (oesm24nat.zip), US Bureau of Labor Statistics (public domain).
- OEWS May 2025 national estimates (oesm25nat.zip), the site's data spine, US Bureau of Labor Statistics (public domain).
Includes information from O*NET 30.1 Database by the U.S. Department of Labor, Employment and Training Administration, used under the CC BY 4.0 license.
Description written 2026-10-17 in our own words from the sources above.