What does a Credit Risk Analyst do?

Credit analysts assess the credit data and financial statements of individuals or firms to determine any and all potential risk involved in extending credit or lending money to them. They prepare reports with credit information for use of informed decision-making by the financial institutions where they work.

Credit analysts compile the applicant’s financial records and information to make knowledgeable recommendations on whether to extend them credit. If they are preparing a portfolio recommendation to an individual investor, a credit analyst will take their past financial statements and credit history and combine the information with the current health of their lines of credit. Credit analysts also enter, update, and retrieve information for credit applications to determine the applicant's worthiness. They designate the risk involved when extending credit by performing cash flow analysis and ensure the approved applications are in compliance with firm and lender criteria and regulations. They keep abreast of financial news and trends and ensure they are up-to-date on due diligence to ensure quality. Credit analysts need a bachelor’s degree in finance, accounting, or a related subject.

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EducationBachelor's Degree
Work/Life Balance
3.6 ★
Salary Range--
Career Opportunity
3.4 ★
Avg. Experience2-4 years

Credit Risk Analyst Salaries

Average Base Pay

$62,214 /yr
Same as national average
Not including cash compensation
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$45K
Median: $62K
$86K
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Glassdoor Estimated Salary

Credit Risk Analyst Career Path

Learn how to become a Credit Risk Analyst, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.

L2
Credit Analyst
$53,101/yr
L3
See Career Path

Credit Risk Analyst Insights

Read what Credit Risk Analyst professionals have to say about their job experiences and view top companies for this career.
Exeter FinanceExeter Finance
Credit Analyst
Mar. 13, 2021

“Great place to work job was amazing I enjoyed going to work every day Pay was great too”

TransfixTransfix
Senior Credit and Collections Analyst
Aug. 20, 2020

“Great IT support so your laptop and software needed to get your job done was always reliable.”

Bank of AmericaBank of America
Commercial Credit Analyst
Jun. 18, 2019

“I got great work experience and credit training as my first job out of college.”

HCL TechnologiesHCL Technologies
Credit Analyst
Feb. 8, 2020

“If you have not had an office job before then this is a good learning experience.”

NewDay USANewDay USA
Credit Analyst
Aug. 11, 2021

“NewDay has a terrific training program which will set you up for the next step in your career.”

TDTD
Credit Analyst
Jun. 20, 2019

“Compensation is good and compatible”

OroraOrora
Credit Analyst
May 10, 2019

“I recommend you don't waste your time unless you just want a small easy pay check with a dead end job.”

Robert HalfRobert Half
Credit Analyst
Feb. 28, 2021

“People are really nice and kind.”

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Credit Risk Analyst Interviews

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Credit Risk Analyst jobs