Credit analysts

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2019 Workforce

37k

Average Age

40.6

Estimated Job Growth

−4.94%

10-year projection

Average Salary

$79,191

Average Male Salary

$101,435

Average Female Salary

$61,464

About

Credit analysts are most often employed by the Banking & related activities industry. The average yearly wage for Credit analysts was $79,191 in 2016. The top 3 most similar occupations to Credit analysts by wage are Military officer special & tactical operations leaders, Insurance underwriters, and Market research analysts & marketing specialists.

Credit analysts are part of the Business & financial operations occupations, along with Agents & business managers of artists, performers, & athletes, Buyers & purchasing agents, farm products, Wholesale & retail buyers, except farm products, Purchasing agents, except wholesale, retail, & farm products, Claims adjusters, appraisers, examiners, & investigators, and 24 more.

The top 3 locations that employ the most Credit analysts are . The top 3 locations with a relatively high concentration of Credit analysts are .

Management, business, & financial occupations Management, business, science, & arts occupations Business & financial operations occupations

Information on the businesses and industries that employ Credit analysts and on wages and locations for those in the field. Banking & related activities is the industry that employs the most Credit analysts, both by share and by number, though the highest paid industry for Credit analysts, by average wage, is Insurance carriers. Credit analysts are paid most in false but are relatively concentrated in false.

Wages

Yearly Wage

$79,191

AVERAGE SALARY

± $10,756

In 2019, Credit analysts earned an average of $79,191, $23,667 more than than the average national salary of $55,524.

Market research analysts & marketing specialists make somewhat more than Credit analysts while Military officer special & tactical operations leaders make somewhat less. This chart shows the various occupations closest to Credit analysts as measured by average annual salary in the US.

Wage Distribution

0.375

WAGE GINI

In 2019, Credit analysts had a wage GINI coefficient of 0.375, which is lower than than the national average of 0.478. In other words, wages are distributed more evenly for Credit analysts (shown in red) than for the overall labor force (shown in gray).

Wage by Location

This map shows the Public Use Microdata Areas (PUMAs) in the United States shaded by average annual wage for Credit analysts.

Spatial Concentration

This map displays which Public Use Microdata Areas (PUMAs) in the United States have a relatively high population of Credit analysts.

Industries

Most Common

The most common industries employing Credit analysts, by number of employees, are Banking & related activities, Nondepository credit & related activities, Business support services, Securities, commodities, funds, trusts & other financial investments, Insurance carriers, Savings institutions, including credit unions , and Household appliances & electrical & electronic goods merchant wholesalers.

Highest Paying

The highest paying industries for Credit analysts, by average wage, are Insurance carriers, Business support services, and Securities, commodities, funds, trusts & other financial investments.

Industries by Share

37k

2019 Workforce

± 4,720

24.1%

1 YEAR GROWTH

± 15.4%

The number of people employed as Credit analysts has been growing at a rate of 24.1%, from 29,781 people in 2018 to 36,969 people in 2019.

This graphic shows the share of Credit analysts employed by various industries. Banking & related activities employs the largest share of Credit analysts at 44.7%, followed by Nondepository credit & related activities with 16.6% and Business support services with 4.72%.

Diversity

Demographic information on Credit analysts in the US. The average age of male Credit analysts in the workforce is 39.1 and of female Credit analysts is 41.7, and the most common race/ethnicity for Credit analysts is White (Non-Hispanic).

Composition by Sex

16.4k

MALE WORKFORCE

± 3,144

20.6k

FEMALE WORKFORCE

± 3,521

55.6% of Credit analysts are Female, making them the more common sex in the occupation. This chart shows the sex breakdown of Credit analysts.

Race & Ethnicity

Most Common Race or Ethnicity of Credit analysts

White (Non-Hispanic)
White (Hispanic)
Black (Non-Hispanic)

68.4% of Credit analysts are White (Non-Hispanic), making that the most common race or ethnicity in the occupation. Representing 10.5% of Credit analysts, White (Hispanic) is the second most common race or ethnicity in this occupation. This chart shows the racial and ethnic breakdown of Credit analysts.

Age by Sex

39.1

AVERAGE MALE AGE

± 2.57

41.7

AVERAGE FEMALE AGE

± 2.13

The median age of Credit analysts is 40.6, and Male employees are generally 2.6 years younger than than their Female counterparts.

Education

Data on higher education choices for Credit analysts from The Department of Education and Census Bureau. The most common major for Credit analysts is Business but a relatively high number of Credit analysts hold a major in Business.

Majors

ACS PUMS data only shows the major for bachelor's degrees. However, we can filter the data based on highest degree obtained.

MOST COMMON MAJORS

MOST SPECIALIZED MAJORS

Skills

Data on the critical and distinctive skills necessary for Credit analysts from the Bureau of Labor Statistics. Credit analysts need many skills, but most especially Critical Thinking, Reading Comprehension, and Speaking. The revealed comparative advantage (RCA) shows that Credit analysts need more than the average amount of Mathematics, Operations Analysis, and Management of Financial Resources.

Radar Distribution

Bar Chart

Projections

Projections on job growth for Credit Analysts from the Bureau of Labor Statistics. The 10-year national workforce is projected to grow 3.71%, but Credit Analysts are expected to see a growth of −4.94% over the same period. This occupation is expected to grow less than the national average.

Job Growth

−4.94%

Estimated Job Growth

10-year Projection

3.71%

National Growth

10-year Projection

This line chart shows the projected 10-year growth in the number of jobs for Credit Analysts. This profession is expected to grow less than than 3.71%, the average rate of national job growth.