Credit analysts

Detailed Occupation

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2020 Workforce

32.9k

Average Age

40.4

Estimated Job Growth

−4.94%

10-year projection

Average Salary

$78,373

Average Male Salary

$90,760

Average Female Salary

$67,792

About

Credit analysts are most often employed by the Banking & related activities industry. The average yearly wage for Credit analysts was $78,373 in 2020.

The locations that employ the most Credit analysts are San Diego (Northeast/Rancho Bernardo) & Poway Cities PUMA, CA, Newark City & Brookside PUMA, DE, and Erie County (South) PUMA, NY. The locations with a relatively high concentration of Credit analysts are San Diego (Northeast/Rancho Bernardo) & Poway Cities PUMA, CA, Newark City & Brookside PUMA, DE, and Erie County (South) PUMA, NY.

Management, business, & financial occupations Management, business, science, & arts occupations Business & financial operations occupations

Employment and salary information for the Credit analysts workforce. Credit analysts workforce in 2020 was 32,897 people, of which 53.9% were women and 46.1% were men. Credit analysts are paid most in Norwalk, Westport & Darien Towns PUMA, CT but are relatively concentrated in San Diego (Northeast/Rancho Bernardo) & Poway Cities PUMA, CA.

Employment Over Time

Metric

Grouping

15,155

Male Workforce

± 3.02k

17,742

Female Workforce

± 3.27k

The Credit analysts workforce in 2020 was 32,897 people (53.9% women and 46.1% men). This implies an average annual growth of 21.8% between 2014 (27,003) and 2020 (32,897).

Employment by Location

Level

Metric

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

During 2020, the states that concentrated the best average annual wage were Montana ($219,862), Connecticut ($172,602), and New York ($132,792).

Yearly Wage Ranking

$78,373

AVERAGE WAGE

#104 in the ranking (2020)

$55,954

NATIONAL AVERAGE WAGE

For all occupations across the US

In 2020, Credit analysts earned an average of $78,373, $22,419 more than the average national salary of $55,954

The graph shows the ranking of Credit analysts in relation to all Detailed Occupation in 2020.

Wage Distribution

Gender

0.374

WAGE GINI

In 2020, Credit analysts had a wage GINI coefficient of 0.374, which is lower than the national average of 0.478. 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 Securities, commodities, funds, trusts & other financial investments ($138,169).

Occupations by Industries

Metric

Value

32.9k

2020 Workforce

± 4,453

7.98%

1 YEAR GROWTH

± 18.1%

This graphic shows the share of Credit analysts employed by various industries. Banking & related activities employs the largest share of Credit analysts at 69.8%, followed by Nondepository credit & related activities with 23.4% and Securities, commodities, funds, trusts & other financial investments with 6.84%.

Diversity

Demographic information on Credit analysts in the US. The workforce of Credit analysts in 2020 was 32,897 people, with 53.9% woman, and 46.1% men. The average age of male Credit analysts in the workforce is 37.7 and of female Credit analysts is 42.8, and the most common race/ethnicity for Credit analysts is White.

Gender and Age

Metric

The workforce of Credit analysts in 2020 was 32,897 people, with 53.9% woman, and 46.1% men.

The age ranges that concentrated the largest workforce were 25 to 29 years (5,320 people), 30 to 34 years (4,565 people), and 40 to 44 years (4,553 people). Among them they concentrated 44.4% of the total workforce.

Ethnicity

Gender

In 2020, 11.3% of Credit analysts workers were Hispanic and 88.7% non-Hispanic.

The treemap shows the distribution of Hispanic workers according to their origin, highlighting Mexican (75.3%), Colombian (13.6)%, and All Other Spanish/Hispanic/Latino (11)%

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

Races

In 2020, 75.9% of the Credit analysts workforce were White, of which 51.5% were women and 48.5% men. Other races that concentrated a significant number of workers were Black (9.2%) and Asian (8.3%).

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 2020 were Business.

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 2020 (counting all academic degrees) were Business (13,981 people), Social Sciences (2,060 people), and Agriculture (599 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 (17,238 people), Graduate Degree (5,425 people), and Some college (4,772 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 3.71%, but Credit Analysts are expected to see a growth of −4.94% over the same period. This occupation is expected to grow less than the national average.

Job Growth

−4.94%

Estimated Job Growth

10-year Projection

3.71%

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 3.71%, the average rate of national job growth.