What is the salary of a credit analyst?
The average credit analyst salary in the US, as of 2019, is $55,000 annually, and it can differ depending on the industry, company, and state where one is employed. Credit analysts with several years’ experience, industry certifications, and higher education qualifications earn higher salaries than junior analysts.
How much does a credit analyst earn in India?
Credit Analyst Salaries
|CRISIL Credit Analyst salaries – 102 salaries reported||₹9,06,991/yr|
|Axis Bank Credit Analyst salaries – 71 salaries reported||₹7,00,482/yr|
|ICICI Bank Credit Analyst salaries – 39 salaries reported||₹7,39,700/yr|
|State Bank of India Credit Analyst salaries – 25 salaries reported||₹10,66,850/yr|
How do you become a credit research analyst?
A credit analyst is usually required to have at least a bachelor’s degree in finance, accounting or related discipline. Earning this degree provides you with knowledge essential for risk assessment, including statistics, economics, ratio analysis, calculus, industry assessment and financial statement analysis.
What is the job outlook for a credit analyst?
Job Outlook Employment of credit analysts is projected to grow at 8 to 14 percent by 2022. While most credit analysts work for banks and other financial institutions, they also work in the financial departments of insurance companies, automotive services or telecommunications industries.
How can I become a credit analyst in India?
A career as a credit analyst requires a Bachelor’s degree in finance, accounting or another related field like ratio analysis, statistics, economics, calculus, financial statement analysis and risk assessment. These subjects are necessary to function as a credit analyst because they aid in risk assessment.
Is credit research a good career?
The credit analyst career may look lucrative, but it comes with a lot of responsibilities and requires hard work. It may, at times, not be easy to compile the huge amount of data and come up with a conclusion. Hence the job may become a bit stressful.
What other jobs can a credit analyst do?
Credit risk analysts work in the lending and credit departments of investment houses, commercial and investment banking, credit card lenders, rating agencies, and other institutions. They use a variety of analytical techniques to evaluate the risks associated with lending to consumers and to evaluate business risks.
How do I become a good credit analyst?
To be a good credit analyst, you need excellent analytical skills and solid mathematical knowledge. Customer service experience and proficiency with spreadsheets, databases, and accounting software are also essential. Other useful skills include problem-solving, decision-making, researching, and organizing.
How many credit analyst jobs will there be in 2026?
There are currently an estimated 73,800 credit analysts in the United States. The credit analyst job market is expected to grow by 8.3% between 2016 and 2026….Credit Analyst job market by state.
|State Name||Employed Credit Analysts|