1. What does a commercial credit analyst do?
Commercial Credit Analysts evaluate credit data and financial statements of individuals or businesses to assess the risk of extending credit or lending money. They prepare detailed reports with credit information to aid in decision-making. The salary for an Entry Commercial Credit Analyst ranges from $53,600 to $67,700, with a midpoint of $60,700.
2. Do credit analysts make good money?
Entry-level Commercial Credit Analysts earn between $53,600 and $67,700 annually, with a median salary of $60,700. While this may be lower than the overall median for credit analysts, it reflects a solid starting point in the field, with potential for growth as experience and responsibilities increase.
3. What does a commercial analyst do?
A Commercial Analyst evaluates business operations and performance to help a company make informed decisions. They analyze sales trends, market conditions, and financial data, providing insights to guide business strategies. The salary for an Entry Commercial Credit Analyst ranges from $53,600 to $67,700, with a midpoint of $60,700.
4. What is the highest salary for a credit analyst?
The highest salary for an Entry Commercial Credit Analyst is $67,700. However, salaries can vary significantly based on location and experience. For instance, in major cities like New York, the average salary can reach up to $111,775, while other cities may offer lower compensation.
5. How much does a commercial credit specialist at Bank of America make?
The salary for an Entry Commercial Credit Analyst typically ranges from $53,600 to $67,700 per year, with a midpoint of $60,700. This is lower than the average salary for a Commercial Credit Specialist, which is estimated at $70,581 annually in the United States.
6. How much does Bank of America pay commercial analysts?
Bank of America offers competitive salaries for Entry Commercial Credit Analysts, with a minimum salary of $53,600, a mid-range salary of $60,700, and a maximum salary of $67,700. This reflects the company's commitment to attracting skilled professionals in the financial sector.