How Much Does a Credit Analysis Manager Make? (2025)
A credit analysis manager, often referred to as a financial manager or credit analysts, handles the management of credit risk and supervision of credit operations to ensure that the financial institution’s loan portfolio stays healthy and compliant for better overall business performance.
According to the U.S. Bureau of Labor Statistics (BLS), employment for credit analysis managers and financial advisors is expected to grow by 17% over the next decade from 2023 to 2033. This is an extremely significant increase, which is much faster than the national average, translating to roughly 75,100 job openings for credit analysis managers in the USA.
Salary.com reports that the average annual salary for chief credit officers in the US is $121,107 in 2025. Learn more about the salary trend for credit analysis managers and the top-paying cities in the US, as well as some FAQs about the occupation.
What is the Average Credit Analysis Manager’s Salary?
As mentioned above, the average annual salary for credit analysis managers in the United States is $121,107 in 2025. As of June 27, 2025, the salary range for credit analysis managers in the US is between $84,982 and $156,225.
2025 Average Salary for Credit Analysis Managers: $121,107 per year ($58 per hour)
A credit analysis manager’s average monthly salary is $10,092, while the average weekly pay is $2,329. Meanwhile, the salary of credit analysis managers per hour is $58, according to the report.
| Percentile | By Hour | By Week | By Month | By Year |
|---|---|---|---|---|
| 10th Percentile | $41 | $1,634 | $7,082 | $84,982 |
| 25th Percentile | $49 | $1,965 | $8,516 | $102,198 |
| 50th Percentile (Median) | $58 | $2,329 | $10,092 | $121,107 |
| 75th Percentile | $67 | $2,682 | $11,624 | $139,489 |
| 90th Percentile | $75 | $3,004 | $13,019 | $156,225 |
Credit Analysis Manager Salaries State by State
Key factors such as state minimum wage, occupation demand, location, and living standards may also affect credit analysis manager salaries across US states.
As shown in the table below, the three (3) states with the lowest average annual salaries for credit analysis managers in the United States are Mississippi, South Dakota, and West Virginia, with salaries of $108,004, $110,062, and $109,057, respectively.
Meanwhile, the three (3) states with the highest average annual salaries for credit analysis managers are the District of Columbia, California, and New Jersey with $134,090, $133,581, and $131,268, respectively.
| States | Average Annual Salary |
|---|---|
| Alaska | $131,099 |
| Alabama | $111,261 |
| Arkansas | $109,408 |
| Arizona | $118,007 |
| California | $133,581 |
| Colorado | $123,566 |
| Connecticut | $129,427 |
| District of Columbia | $134,090 |
| Delaware | $122,645 |
| Florida | $114,592 |
| Georgia | $116,808 |
| Hawaii | $126,581 |
| Iowa | $115,900 |
| Idaho | $113,054 |
| Illinois | $123,445 |
| Indiana | $116,251 |
| Kansas | $115,318 |
| Kentucky | $113,962 |
| Louisiana | $115,149 |
| Massachusetts | $131,801 |
| Maryland | $124,874 |
| Maine | $118,080 |
| Michigan | $119,267 |
| Minnesota | $123,929 |
| Missouri | $115,064 |
| Mississippi | $108,004 |
| Montana | $114,337 |
| North Carolina | $115,088 |
| North Dakota | $119,630 |
| Nebraska | $114,095 |
| New Hampshire | $122,432 |
| New Jersey | $131,268 |
| New Mexico | $112,170 |
| Nevada | $119,860 |
| New York | $128,749 |
| Ohio | $117,922 |
| Oklahoma | $111,976 |
| Oregon | $122,985 |
| Pennsylvania | $120,562 |
| Rhode Island | $125,564 |
| South Carolina | $113,478 |
| South Dakota | $110,062 |
| Tennessee | $113,175 |
| Texas | $118,128 |
| Utah | $115,972 |
| Virginia | $121,955 |
| Vermont | $118,867 |
| Washington | $131,317 |
| Wisconsin | $119,133 |
| West Virginia | $109,057 |
| Wyoming | $116,142 |
What are the Best-Paying Cities for Credit Analysis Managers?
Credit analysis manager salaries also vary by city due to the differences in standard of living, local demand for occupation, and industry rates in metropolitan areas.
The table below shows that the labor industry in California is offering higher average annual salaries for credit analysis managers, specifically in cities like San Jose, San Francisco, and Oakland. Certain cities such as New York, Queens Village, and Paramus, also show signs of increased demand for credit analysis manager occupations:
| Cities | Average Pay |
|---|---|
| San Jose, California | $152,753 ($73 per hour) |
| San Francisco, California | $151,251 ($73 per hour) |
| Oakland, California | $147,986 ($71 per hour) |
| New York, New York | $140,351 ($68 per hour) |
| Queens Village, New York | $139,443 ($67 per hour) |
| Paramus, New Jersey | $138,474 ($67 per hour) |
How Does Experience Affect Credit Analysis Manager Salaries?
Having more experience gives credit analysis managers an edge over their peers and plays a significant role in increasing their salaries.
Salary.com reports that entry-level credit analysis managers earn an average annual income of $112,478. Having 2 more years of experience can increase a credit analysis manager’s salary to $113,310.
After 2 to 4 years of experience, the salary of credit analysis managers could increase to about $115,251. Specialist and expert-level credit analysis managers can earn up to $117,470 and $121,416, respectively.
| Levels | Salary |
|---|---|
| Entry Level Credit Analysis Manager | $112,478 |
| Intermediate Level Credit Analysis Manager | $113,310 |
| Senior Level Credit Analysis Manager | $115,251 |
| Specialist Level Credit Analysis Manager | $117,470 |
| Expert Level Credit Analysis Manager | $121,416 |
How to Increase Salary as a Credit Analysis Manager?
Credit analysis managers typically hold advanced degrees in finance, business administration, or related fields and have extensive experience in credit risk management and lending strategies. To increase salary and advance in their careers, credit analysis managers must show strong leadership, strategic vision, and risk mitigation ability within their roles:
Credit Analysis Manager Advancements
- Enhance educational qualifications: Obtaining a bachelor’s degree in finance, business administration, or economics helps you learn the fundamentals. Pursuing advanced degrees such as an MBA or specialized certifications in credit risk or financial analysis can significantly boost earning potential and promotion opportunities.
- Gain relevant certifications: Certifications like Chartered Financial Analyst (CFA), Certified Credit Executive (CCE), or risk management credentials validate expertise and increase credibility in the field.
- Develop leadership and strategic skills: Demonstrating the ability to develop and implement effective credit risk strategies, manage large loan portfolios, and lead credit teams is critical for career growth and salary increases.
- Expand management work experience: Overseeing larger teams or multiple credit departments and managing complex credit portfolios can help access higher compensation.
- Highlight measurable impact: Use data to communicate how your credit strategies reduce risk and improve financial performance during reviews or salary negotiations.
- Network within the industry: Engage with finance and credit professional groups to stay current on best practices, emerging risks, and salary trends, which can open doors to higher-paying opportunities.
- Consider geographic mobility: Salaries vary by location, with top-paying cities like San Francisco and San Jose offering significantly higher pay than average, so relocating can be a strategic move for salary growth.
- Pursue executive leadership roles: Aim for positions such as Chief Risk Officer or other C-suite roles to maximize compensation and influence within the organization.
Credit Analysis Manager Skills
Gaining sought-after skills for a credit analysis manager is an effective way to earn a higher salary and unlock more career opportunities. The Real-time Job Posting Salary Data Report indicates that the most in-demand skills for credit analysis managers are accounting and spreadsheet software skills, with 39.85% and 25.77%, respectively.
Also, essential skills such as financial and accounting software products and financial statements can increase the salaries of credit analysis managers by 8.00% and 6.62%, respectively.
| Skill | Demand | Salary Increase |
|---|---|---|
| Financial and Accounting Software Products | 20.59% | +8.00% |
| Financial Statements | 19.89% | +6.62% |
| Financial Analysis | 19.89% | +6.57% |
| Financial Risk Mitigation | 20.39% | +6.49% |
| Risk Identification Process | 20.09% | +6.49% |
| Audit Documentation | 20.69% | +6.40% |
What are the FAQs About Credit Analysis Manager Salaries?
Here are some frequent questions about the credit analysis manager salary:
What does a Credit Analysis Manager do?
A Credit Analysis Manager handles managing credit risk and overseeing credit operations to ensure the financial institution’s loan portfolio stays healthy and compliant for better overall business performance.
- Develop and enforce credit policies, supervise risk, and project management strategies aligned with regulatory requirements.
- Oversee credit underwriting, progress of loan approvals, and portfolio monitoring to balance risk and growth.
- Analyze and determine credit data and loan performance to identify risks and recommend mitigation actions.
- Lead the credit department and coordinate credit decisions with senior management and the Board.
- Manage loan loss reserves and prepare reports on credit risk for executive leadership.
How much does a credit analysis manager make in the US?
As of June 27, 2025, Salary.com reported that the average salary of credit analysis managers in the US is $121,107. However, it’s important to note that this could be influenced by key factors such as occupation demand, cost of living, and location.
For instance, the three (3) states with the highest average annual salaries for credit analysis managers are the District of Columbia, California, and New Jersey with $134,090, $133,581, and $131,268, respectively.
Where do credit analysis managers or credit analysts work?
Credit analysis managers are versatile and have the ability to work in several industries. It could be finance, manufacturing, government services, or even school institutions. According to BLS, there were approximately 837,100 credit analysis manager jobs in 2023. They were mostly employed in the following industries:
- Professional, Scientific, and Technical Services
- Management of Companies and Enterprises
- Finance and Insurance
- Manufacturing
- Government
