How Much Does a Senior Credit Analyst Make? (2025)
A senior credit analyst analyzes credit data and financial statements of individuals or organizations to assess the risk of extending credit or lending money. They prepare detailed credit reports and risk assessments to support informed decision-making by management, ensuring sound credit practices and the protection of financial assets.
Since this is a senior role, the salary is competitive, which makes it a good career. The Bureau of Labor Statistics reported that credit analyst earned a median of $79,420 in May 2023. Salary.com recorded the salary for senior credit analyst as $85,100 per year on July 1, 2025.
Keep reading this salary guide to explore the senior credit analyst salary expectations, the highest-paying cities, and answers to common questions about the role.
What is the Average Senior Credit Analyst’s Salary?
As of July 1, 2025, the average senior credit analyst salary in the United States is $85,100 per year or $41 per hour. The salary range for senior credit analysts is between $70,772 and $100,957, with most earnings of $77,600 to $93,400 per year.
2025 Average Salary for Senior Credit Analyst: $85,100 per year ($41 per hour)
A senior credit analyst reported an average monthly salary of $11,517, while the average weekly pay was $2,658. Moreover, the average senior credit risk analyst salary per hour is $,66 according to the recent Salary.com report.
| Percentile | By Hour | By Week | By Month | By Year |
|---|---|---|---|---|
| 10th Percentile | $34 | $1,361 | $5,898 | $70,772 |
| 25th Percentile | $37 | $1,492 | $6,467 | $77,600 |
| 50th Percentile (Median) | $41 | $1,637 | $7,092 | $85,100 |
| 75th Percentile | $45 | $1,796 | $7,783 | $93,400 |
| 90th Percentile | $49 | $1,941 | $8,413 | $100,957 |
Apart from base pay, senior credit analysts may receive additional cash compensation, which contributes to their total compensation package. The average total compensation for a senior credit analyst is $92,900 per year.
Senior Credit Analyst Salaries State by State
Senior credit analyst salaries vary by state in the U.S. due to factors like minimum wage, job demand, location, and cost of living.
The table below shows the states with the highest pay for senior credit analysts are the District of Columbia ($94,200), California ($93,900), and Massachusetts ($92,600).
Meanwhile, the lowest average salaries for senior credit analysts are found in Mississippi ($75,900), West Virginia ($76,600), and Arkansas ($76,900).
| State | Average Annual Salary |
|---|---|
| Alaska | $92,100 |
| Alabama | $78,200 |
| Arkansas | $76,900 |
| Arizona | $82,900 |
| California | $93,900 |
| Colorado | $86,800 |
| Connecticut | $90,900 |
| District of Columbia | $94,200 |
| Delaware | $86,200 |
| Florida | $80,500 |
| Georgia | $82,100 |
| Hawaii | $88,900 |
| Iowa | $81,400 |
| Idaho | $79,400 |
| Illinois | $86,700 |
| Indiana | $81,700 |
| Kansas | $81,000 |
| Kentucky | $80,100 |
| Louisiana | $80,900 |
| Massachusetts | $92,600 |
| Maryland | $87,700 |
| Maine | $83,000 |
| Michigan | $83,800 |
| Minnesota | $87,100 |
| Missouri | $80,900 |
| Mississippi | $75,900 |
| Montana | $80,300 |
| North Carolina | $80,900 |
| North Dakota | $84,100 |
| Nebraska | $80,200 |
| New Hampshire | $86,000 |
| New Jersey | $92,200 |
| New Mexico | $78,800 |
| Nevada | $84,200 |
| New York | $90,500 |
| Ohio | $82,900 |
| Oklahoma | $78,700 |
| Oregon | $86,400 |
| Pennsylvania | $84,700 |
| Rhode Island | $88,200 |
| South Carolina | $79,700 |
| South Dakota | $77,300 |
| Tennessee | $79,500 |
| Texas | $83,000 |
| Utah | $81,500 |
| Virginia | $85,700 |
| Vermont | $83,500 |
| Washington | $92,300 |
| Wisconsin | $83,700 |
| West Virginia | $76,600 |
| Wyoming | $81,600 |
What are the Best-Paying Cities for Senior Credit Analyst?
Senior credit analyst salaries also vary by city due to variations in the cost of living, local demand, and industry rates in urban areas.
For example, California cities like San Jose and San Francisco offer a high average salary for senior credit analyst, with $107,300 and $106,300, respectively.
| Cities | Average Pay |
|---|---|
| San Jose, CA | $107,300 |
| San Francisco, CA | $106,300 |
| Oakland, CA | $103,900 |
| New York, NY | $98,600 |
| Queens Village, NY | $98,000 |
| Paramus, NJ | $97,300 |
How Does Experience Affect Senior Credit Analyst Salaries?
The salary of senior credit analysts increases with experience. According to a Salary.com report, entry-level senior credit analysts earn an average of $81,652 per year, while experienced senior credit analysts with over 8 years of experience earn an average of $88,048 per year.
| Level | Average Pay |
|---|---|
| Entry Level Senior Credit Analyst | $81,652 |
| Intermediate Level Senior Credit Analyst | $82,227 |
| Senior Level Senior Credit Analyst | $83,376 |
| Specialist Level Senior Credit Analyst | $85,100 |
| Expert Level Senior Credit Analyst | $88,048 |
How to Increase Salary as a Senior Credit Analyst?
Senior credit analysts typically need a bachelor’s degree in finance, accounting, economics, or a related field, along with several years of experience in credit risk assessment and financial analysis. Salaries can increase significantly with career advancement, specialization, and the development of in-demand skills.
Senior Credit Analyst Advancements
- Build a strong portfolio: Employers seek analysts with a proven track record of accurately assessing credit risk, managing complex financial data, and supporting key lending decisions. A portfolio highlighting successful credit evaluations, loan performance tracking, and contributions to risk mitigation strategies can enhance credibility and lead to higher-paying opportunities.
- Promotion: With experience, senior credit analysts can move into higher roles such as Lead Credit Analyst, Credit Risk Manager, or Director of Credit Analysis. These leadership positions come with expanded responsibilities and significantly higher compensation. According to Salary.com, such senior roles can command salaries of $88,048 or more, depending on the company and region.
- Specialization: Focusing on niche areas like commercial lending, structured finance, leveraged finance, or credit modeling can make you more valuable in the job market. Earning industry-recognized certifications such as CFA (Chartered Financial Analyst) or FRM (Financial Risk Manager) can further boost your profile and earning potential.
- Education: Pursuing a master’s degree in finance, economics, or business administration (MBA) can open doors to senior-level roles and strategic decision-making positions. Continued education also helps you develop leadership and analytical skills, enhancing both your career prospects and salary trajectory.
Senior Credit Analyst Skills
Senior credit analysts with certain skills can also increase their salaries. According to a Real-time Job Posting Salary Data Report, a senior credit analyst with credit analysis and verification skills can earn a +9.12% salary increase, followed by due diligence skills with a +9.06% increase.
| Skill | Demand (%) | Salary Change (%) |
|---|---|---|
| Credit Analysis and Verification | 36.58% | +9.12% |
| Due Diligence | 8.74% | +9.06% |
| Accounting | 46.85% | +7.39% |
| Valuation | 3.73% | +6.59% |
| Financial Statements | 2.06% | +6.58% |
| Finance and Accounting Software Products | 2.56% | +6.25% |
What are the FAQs About Senior Credit Analyst Salaries?
Here are some common questions about senior credit analyst salary:
How much does senior credit analyst get paid?
As of July 1, 2025, the average senior credit analyst in the U.S. earns $85,100 per year or $41 per hour, according to Salary.com.
What does a senior credit analyst do?
A senior credit analyst evaluates the creditworthiness of individuals or organizations by analyzing financial statements, credit reports, and market trends to assess risk and support lending decisions. They prepare detailed credit reports, monitor loan portfolios, ensure compliance with credit policies, and collaborate with internal teams to recommend appropriate credit terms, helping minimize financial risk for the organization.
What are the highest paying cities for senior credit analyst do?
Some of the highest paying cities for senior credit risk analyst include New York, San Francisco, and Columbia, with salaries ranging from $98,600 to $107,300 per year.
