Credit analysts

Detailed Occupation

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2022 Workforce
36.7k
Average Age
40.4
Estimated Job Growth
−4.25%
10-year projection
Average Salary
$88,717
Average Male Salary
$101,981
Average Female Salary
$76,221

Employment

Employment and salary information for the Credit analysts workforce. Credit analysts workforce in 2022 was 36,749 people, of which 51.5% were women and 48.5% were men. Credit analysts are paid most in Western Central PUMA, CT but are relatively concentrated in Benton (Northwest) & Stearns (West) Counties PUMA, MN.

Employment Over Time

Metric
Grouping
17,827
Male Workforce
± 3.28k
18,922
Female Workforce
± 3.38k

The Credit analysts workforce in 2022 was 36,749 people (51.5% women and 48.5% men). This implies an average annual growth of 34.6% between 2014 (27,308) and 2022 (36,749).

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Employment by Location

Level
Metric

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

During 2022, the states that concentrated the best average annual wage were Montana ($213,819), Connecticut ($184,320), and New York ($169,757).

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Yearly Wage Ranking

$88,717
AVERAGE WAGE
#103 in the ranking (2022)
$64,683
NATIONAL AVERAGE WAGE
For all occupations across the US

In 2022, Credit analysts earned an average of $88,717, $24,034 more than the average national salary of $64,683

The graph shows the ranking of Credit analysts in relation to all Detailed Occupation in 2022.

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Wage Distribution

Gender
0.384
WAGE GINI

In 2022, Credit analysts had a wage GINI coefficient of 0.384, 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.

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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 Insurance carriers ($201,649).

Occupations by Industries

Metric
Value
36.7k
2022 Workforce
± 4,706
6.49%
1 YEAR GROWTH
± 17.3%

This graphic shows the share of Credit analysts employed by various industries. Banking & related activities employs the largest share of Credit analysts at 68.2%, followed by Nondepository credit & related activities with 25.6% and Securities, commodities, funds, trusts & other financial investments with 6.2%.

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Diversity

Demographic information on Credit analysts in the US. The workforce of Credit analysts in 2022 was 36,749 people, with 51.5% woman, and 48.5% men. The average age of male Credit analysts in the workforce is 37.9 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 2022 was 36,749 people, with 51.5% woman, and 48.5% men.

The age ranges that concentrated the largest workforce were 25 to 29 years (5,910 people), 30 to 34 years (4,894  people), and 40 to 44 years (4,581 people). Among them they concentrated 42.2% of the total workforce.

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Ethnicity

Gender

In 2022, 13.4% of Credit analysts workers were Hispanic and 86.6% non-Hispanic.

The treemap shows the distribution of Hispanic workers according to their origin, highlighting Mexican (74.7%), Puerto Rican (15.2)%, and All Other Spanish/Hispanic/Latino (10.1)%

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Races

In 2022, 73% of the Credit analysts workforce were White, of which 49.4% were women and 50.6% men. Other races that concentrated a significant number of workers were Black (8.6%) and Asian (8.14%).

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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 2022 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 2022 (counting all academic degrees) were Business (15,616 people), Social Sciences (2,217 people), and Communications (743 people).

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Education Levels

Metric

The main educational levels achieved by the Credit analysts workers were Bachelors Degree (19,351 people), Graduate Degree (5,841 people), and Some college (5,366 people).

The graphic shows the Credit analysts workforce by gender and educational level.

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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.

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Projections

Projections on job growth for Credit Analysts from the Bureau of Labor Statistics. The 10-year national workforce is projected to grow 2.84%, but Credit Analysts are expected to see a growth of −4.25% over the same period. This occupation is expected to grow less than the national average.

Job Growth

−4.25%
Estimated Job Growth
10-year Projection
2.84%
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 2.84%, the average rate of national job growth.

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