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Credit analysts

Detailed Occupation

2024 Workforce

38.6k

Average Age

40.6

Estimated Job Growth

−4.33%

10-year projection

Average Salary

$88,420

Average Male Salary

$100,327

Average Female Salary

$77,529

About

Credit analysts are most often employed by the Banking & related activities industry. The average yearly wage for Credit analysts was $88,420 in 2024.

The locations that employ the most Credit analysts are NYC-Manhattan Community District 3--Lower East Side & Chinatown PUMA, NY, Greater Newark PUMA, DE, and Sarpy County--Bellevue City PUMA, NE. The locations with a relatively high concentration of Credit analysts are Churchmans/New Castle PUMA, DE, Washington County (West)--Forest Grove, Cornelius Cities, Bethany & Oak Hills PUMA, OR, and Florence County PUMA, SC.

Photo by reynermedia

Employment

Employment and salary information for the Credit analysts workforce. Credit analysts workforce in 2024 was 38,557 people, of which 52.2% were women and 47.8% were men.

Credit analysts are paid most in Kandiyohi, McLeod, Meeker, Renville & Sibley Counties PUMA, MN but are relatively concentrated in Churchmans/New Castle PUMA, DE.

Employment Over Time

Metric

Grouping

18,420

Male Workforce

± 3.33k

20,137

Female Workforce

± 3.48k

The Credit analysts workforce in 2024 was 38,557 people (52.2% women and 47.8% men). This implies an average annual growth of 41.2% between 2014 (27,308) and 2024 (38,557).

Employment by Location

Level

Metric

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

During 2024, the states that concentrated the best average annual wage were Connecticut ($223,691), Louisiana ($197,367), and New Jersey ($144,342).

Yearly Wage Ranking

$88,420

AVERAGE WAGE

#108 in the ranking (2014)

$69,878

NATIONAL AVERAGE WAGE

For all occupations across the US

In 2024, Credit analysts earned an average of $88,420, $18,543 more than the average national salary of $69,878

The graph shows the ranking of Credit analysts in relation to all Detailed Occupation in 2014.

In 2024, Credit analysts had a wage GINI coefficient of 0.351, which is lower than the national average of 0.474. 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 ($172,162).

Occupations by Industries

Metric

Value

38.6k

2024 Workforce

± 4,820

2.18%

1 YEAR GROWTH

± 17.4%

This graphic shows the share of Credit analysts employed by various industries. Banking & related activities employs the largest share of Credit analysts at 62.1%, followed by Nondepository credit & related activities with 23.2% and Securities, commodities, funds, trusts & other financial investments with 7.65%.

Diversity

Demographic information on Credit analysts in the US. The workforce of Credit analysts in 2024 was 38,557 people, with 52.2% woman, and 47.8% men. The average age of male Credit analysts in the workforce is 37.3 and of female Credit analysts is 43.5, and the most common race/ethnicity for Credit analysts is White.

Gender and Age

Metric

The workforce of Credit analysts in 2024 was 38,557 people, with 52.2% woman, and 47.8% men.

The age ranges that concentrated the largest workforce were 25 to 29 years (7,583 people), 30 to 34 years (5,101 people), and 40 to 44 years (4,339 people). Among them they concentrated 44.6% of the total workforce.

Ethnicity

Gender

In 2024, 12% of Credit analysts workers were Hispanic and 88% non-Hispanic.

The treemap shows the distribution of Hispanic workers according to their origin, highlighting Mexican (68%), Puerto Rican (13)%, and All Other Spanish/Hispanic/Latino (10.5)%

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

Races

In 2024, 70.1% of the Credit analysts workforce were White, of which 50% were women and 50% men. Other races that concentrated a significant number of workers were Two or More Races (9.05%) and Asian (9.03%).

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 2024 were Agriculture.

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 2024 (counting all academic degrees) were Business (15,745 people), Social Sciences (2,723 people), and Agriculture (804 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 (20,658 people), Graduate Degree (6,379 people), and Some college (5,609 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 3.48%, but Credit Analysts are expected to see a growth of −4.33% over the same period. This occupation is expected to grow less than the national average.

Job Growth

−4.33%

Estimated Job Growth

10-year Projection

3.48%

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 3.48%, the average rate of national job growth.

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Credit analysts

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Credit analysts

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Employment

Employment Over Time

Employment by Location

Yearly Wage Ranking

Wage Distribution

Industry

Occupations by Industries

Diversity

Gender and Age

Ethnicity

Races

Education & Skills

Majors

Education Levels

Skills

Projections

Job Growth

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