Credit analysts

Detailed Occupation

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2022 Workforce

36.7k

Average Age

40.4

Estimated Job Growth

−4.25%

10-year projection

Average Salary

$88,717

Average Male Salary

$101,981

Average Female Salary

$76,221

About

Credit analysts are most often employed by the Banking & related activities industry. The average yearly wage for Credit analysts was $88,717 in 2022.

The locations that employ the most Credit analysts are Benton (Northwest) & Stearns (West) Counties PUMA, MN, DuPage County (East Central)--York Township PUMA, IL, and Johnson County (Southeast)--Blue Valley Region PUMA, KS. The locations with a relatively high concentration of Credit analysts are Benton (Northwest) & Stearns (West) Counties PUMA, MN, DuPage County (East Central)--York Township PUMA, IL, and Greater Wilmington PUMA, DE.

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

Employment and salary information for the Credit analysts workforce. Credit analysts workforce in 2022 was 36,749 people, of which 51.5% were women and 48.5% were men. Credit analysts are paid most in Western Central PUMA, CT but are relatively concentrated in Benton (Northwest) & Stearns (West) Counties PUMA, MN.

Employment Over Time

Metric

Grouping

17,827

Male Workforce

± 3.28k

18,922

Female Workforce

± 3.38k

The Credit analysts workforce in 2022 was 36,749 people (51.5% women and 48.5% men). This implies an average annual growth of 34.6% between 2014 (27,308) and 2022 (36,749).

Employment by Location

Level

Metric

This map shows the states in the United States shaded by average wage for Credit analysts.

During 2022, the states that concentrated the best average annual wage were Montana ($213,819), Connecticut ($184,320), and New York ($169,757).

Yearly Wage Ranking

$88,717

AVERAGE WAGE

#103 in the ranking (2022)

$64,683

NATIONAL AVERAGE WAGE

For all occupations across the US

In 2022, Credit analysts earned an average of $88,717, $24,034 more than the average national salary of $64,683

The graph shows the ranking of Credit analysts in relation to all Detailed Occupation in 2022.

Wage Distribution

Gender

0.384

WAGE GINI

In 2022, Credit analysts had a wage GINI coefficient of 0.384, which is lower 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).

The graphic shows the distribution of average salaries by buckets for Credit analysts compared to the entire workforce in the country.

Industry

Information on the industries that employ Credit analysts and on wages 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 ($201,649).

Occupations by Industries

Metric

Value

36.7k

2022 Workforce

± 4,706

6.49%

1 YEAR GROWTH

± 17.3%

This graphic shows the share of Credit analysts employed by various industries. Banking & related activities employs the largest share of Credit analysts at 68.2%, followed by Nondepository credit & related activities with 25.6% and Securities, commodities, funds, trusts & other financial investments with 6.2%.

Diversity

Demographic information on Credit analysts in the US. The workforce of Credit analysts in 2022 was 36,749 people, with 51.5% woman, and 48.5% men. The average age of male Credit analysts in the workforce is 37.9 and of female Credit analysts is 42.8, and the most common race/ethnicity for Credit analysts is White.

Gender and Age

Metric

The workforce of Credit analysts in 2022 was 36,749 people, with 51.5% woman, and 48.5% men.

The age ranges that concentrated the largest workforce were 25 to 29 years (5,910 people), 30 to 34 years (4,894 people), and 40 to 44 years (4,581 people). Among them they concentrated 42.2% of the total workforce.

Ethnicity

Gender

In 2022, 13.4% of Credit analysts workers were Hispanic and 86.6% non-Hispanic.

The treemap shows the distribution of Hispanic workers according to their origin, highlighting Mexican (74.7%), Puerto Rican (15.2)%, and All Other Spanish/Hispanic/Latino (10.1)%

You can review this information by gender using the selectors above.

Races

In 2022, 73% of the Credit analysts workforce were White, of which 49.4% were women and 50.6% men. Other races that concentrated a significant number of workers were Black (8.6%) and Asian (8.14%).

Education & Skills

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 the most specialized major according to RCA in 2022 were Business.

Among the necessary skills for Credit analysts, Critical Thinking stands, but the revealed comparative advantage (RCA) shows that Credit analysts need more than the average amount of Mathematics.

Majors

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

Type of Majors

Degree

The most common majors achieved by Credit analysts in 2022 (counting all academic degrees) were Business (15,616 people), Social Sciences (2,217 people), and Communications (743 people).

You can review this information for different academic grades by modifying the option selected in the selector above.

Education Levels

Metric

The main educational levels achieved by the Credit analysts workers were Bachelors Degree (19,351 people), Graduate Degree (5,841 people), and Some college (5,366 people).

The graphic shows the Credit analysts workforce by gender and educational level.

Skills

Chart

Value

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, Speaking.

Projections

Projections on job growth for Credit Analysts from the Bureau of Labor Statistics. The 10-year national workforce is projected to grow 2.84%, but Credit Analysts are expected to see a growth of −4.25% over the same period. This occupation is expected to grow less than the national average.

Job Growth

−4.25%

Estimated Job Growth

10-year Projection

2.84%

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 2.84%, the average rate of national job growth.