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Occupational Employment and Wage Statistics
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Occupational Employment and Wages, May 2020

13-2041 Credit Analysts

Analyze credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with credit information for use in decisionmaking. Excludes "Financial Risk Specialists" (13-2054).


National estimates for Credit Analysts
Industry profile for Credit Analysts
Geographic profile for Credit Analysts

National estimates for Credit Analysts: Top

Employment estimate and mean wage estimates for Credit Analysts:

Employment (1) Employment
RSE (3)
Mean hourly
wage
Mean annual
wage (2)
Wage RSE (3)
72,090 2.4 % $ 41.43 $ 86,170 1.2 %

Percentile wage estimates for Credit Analysts:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $ 21.28 $ 26.98 $ 36.05 $ 49.92 $ 70.52
Annual Wage (2) $ 44,250 $ 56,120 $ 74,970 $ 103,840 $ 146,690


Industry profile for Credit Analysts: Top

Industries with the highest published employment and wages for Credit Analysts are provided. For a list of all industries with employment in Credit Analysts, see the Create Customized Tables function.

Industries with the highest levels of employment in Credit Analysts:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Credit Intermediation and Related Activities (5221 and 5223 only) 30,180 1.49 $ 40.54 $ 84,330
Nondepository Credit Intermediation 13,010 2.25 $ 40.34 $ 83,900
Management of Companies and Enterprises 9,710 0.40 $ 42.35 $ 88,080
Securities, Commodity Contracts, and Other Financial Investments and Related Activities 5,900 0.63 $ 56.90 $ 118,340
Merchant Wholesalers, Durable Goods (4232, 4233, 4235, 4236, 4237, and 4239 only) 1,060 0.08 $ 33.17 $ 69,000

Industries with the highest concentration of employment in Credit Analysts:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Nondepository Credit Intermediation 13,010 2.25 $ 40.34 $ 83,900
Credit Intermediation and Related Activities (5221 and 5223 only) 30,180 1.49 $ 40.54 $ 84,330
Securities, Commodity Contracts, and Other Financial Investments and Related Activities 5,900 0.63 $ 56.90 $ 118,340
Management of Companies and Enterprises 9,710 0.40 $ 42.35 $ 88,080
Monetary Authorities-Central Bank 50 0.24 $ 59.06 $ 122,840

Top paying industries for Credit Analysts:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Monetary Authorities-Central Bank 50 0.24 $ 59.06 $ 122,840
Securities, Commodity Contracts, and Other Financial Investments and Related Activities 5,900 0.63 $ 56.90 $ 118,340
Insurance Carriers 940 0.08 $ 45.13 $ 93,870
Natural Gas Distribution 60 0.05 $ 44.98 $ 93,570
Business Support Services 910 0.11 $ 44.75 $ 93,080


Geographic profile for Credit Analysts: Top

States and areas with the highest published employment, location quotients, and wages for Credit Analysts are provided. For a list of all areas with employment in Credit Analysts, see the Create Customized Tables function.





States with the highest employment level in Credit Analysts:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
California 7,290 0.44 0.86 $ 45.20 $ 94,020
New York 6,690 0.77 1.49 $ 60.53 $ 125,900
Texas 6,560 0.54 1.05 $ 36.90 $ 76,740
Florida 3,430 0.41 0.78 $ 39.92 $ 83,030
Illinois 3,180 0.57 1.09 $ 37.21 $ 77,390




States with the highest concentration of jobs and location quotients in Credit Analysts:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
South Dakota 420 1.01 1.95 $ 31.48 $ 65,490
Minnesota 2,290 0.84 1.63 $ 38.69 $ 80,470
New York 6,690 0.77 1.49 $ 60.53 $ 125,900
Iowa 1,080 0.73 1.41 $ 42.18 $ 87,740
Virginia 2,520 0.68 1.31 $ 42.66 $ 88,730




Top paying states for Credit Analysts:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New York 6,690 0.77 1.49 $ 60.53 $ 125,900
District of Columbia 290 0.43 0.83 $ 51.46 $ 107,030
Maryland (8) (8) (8) $ 49.71 $ 103,410
Connecticut 870 0.56 1.08 $ 47.30 $ 98,380
North Carolina 2,470 0.58 1.11 $ 46.25 $ 96,210





Metropolitan areas with the highest employment level in Credit Analysts:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New York-Newark-Jersey City, NY-NJ-PA 7,530 0.85 1.65 $ 58.91 $ 122,540
Dallas-Fort Worth-Arlington, TX 3,360 0.94 1.81 $ 37.45 $ 77,890
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 3,270 1.21 2.34 $ 42.17 $ 87,710
Los Angeles-Long Beach-Anaheim, CA 2,880 0.49 0.95 $ 43.72 $ 90,940
Chicago-Naperville-Elgin, IL-IN-WI 2,620 0.60 1.16 $ 38.88 $ 80,870
Boston-Cambridge-Nashua, MA-NH 1,890 0.73 1.40 $ 46.46 $ 96,640
Washington-Arlington-Alexandria, DC-VA-MD-WV 1,710 0.57 1.09 $ 46.74 $ 97,220
Charlotte-Concord-Gastonia, NC-SC 1,630 1.35 2.60 $ 46.83 $ 97,400
San Francisco-Oakland-Hayward, CA 1,610 0.69 1.33 $ 52.98 $ 110,200
Minneapolis-St. Paul-Bloomington, MN-WI 1,580 0.85 1.64 $ 42.16 $ 87,700




Metropolitan areas with the highest concentration of jobs and location quotients in Credit Analysts:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Columbus, GA-AL 320 2.91 5.62 $ 22.83 $ 47,480
St. Cloud, MN 180 1.80 3.47 $ 27.91 $ 58,050
Sioux Falls, SD 260 1.68 3.24 $ 32.57 $ 67,740
Des Moines-West Des Moines, IA 580 1.65 3.17 $ 46.25 $ 96,210
Bloomington, IL 130 1.52 2.94 $ 28.37 $ 59,000
Wausau, WI 100 1.43 2.76 $ 24.49 $ 50,930
Richmond, VA 890 1.43 2.75 $ 44.06 $ 91,650
Charlotte-Concord-Gastonia, NC-SC 1,630 1.35 2.60 $ 46.83 $ 97,400
Mankato-North Mankato, MN 60 1.26 2.43 $ 32.16 $ 66,890
Spokane-Spokane Valley, WA 280 1.22 2.36 $ 37.05 $ 77,060




Top paying metropolitan areas for Credit Analysts:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Danbury, CT 50 0.66 1.28 $ 60.97 $ 126,820
New York-Newark-Jersey City, NY-NJ-PA 7,530 0.85 1.65 $ 58.91 $ 122,540
Lakeland-Winter Haven, FL (8) (8) (8) $ 57.68 $ 119,980
Bridgeport-Stamford-Norwalk, CT 390 1.03 1.98 $ 57.09 $ 118,750
Macon, GA 30 0.32 0.61 $ 55.87 $ 116,200
Durham-Chapel Hill, NC 90 0.29 0.55 $ 54.30 $ 112,950
Baltimore-Columbia-Towson, MD 1,210 0.94 1.81 $ 53.77 $ 111,840
San Francisco-Oakland-Hayward, CA 1,610 0.69 1.33 $ 52.98 $ 110,200
San Jose-Sunnyvale-Santa Clara, CA 510 0.46 0.88 $ 52.45 $ 109,090
Santa Rosa, CA 30 0.17 0.32 $ 51.73 $ 107,590

Nonmetropolitan areas with the highest employment in Credit Analysts:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Southeast Minnesota nonmetropolitan area 160 1.09 2.10 $ 32.36 $ 67,310
Southwest Minnesota nonmetropolitan area 100 0.90 1.74 $ 31.28 $ 65,060
Northwest Minnesota nonmetropolitan area 100 0.55 1.06 $ 31.44 $ 65,390
East South Dakota nonmetropolitan area 90 0.68 1.32 $ 29.93 $ 62,260
Kansas nonmetropolitan area 80 0.21 0.41 $ 30.54 $ 63,530

Nonmetropolitan areas with the highest concentration of jobs and location quotients in Credit Analysts:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Southeast Minnesota nonmetropolitan area 160 1.09 2.10 $ 32.36 $ 67,310
Southwest Minnesota nonmetropolitan area 100 0.90 1.74 $ 31.28 $ 65,060
South Central Tennessee nonmetropolitan area 80 0.77 1.48 (8) (8)
East South Dakota nonmetropolitan area 90 0.68 1.32 $ 29.93 $ 62,260
Southern Vermont nonmetropolitan area 60 0.62 1.20 $ 26.48 $ 55,080

Top paying nonmetropolitan areas for Credit Analysts:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Southeast Coastal North Carolina nonmetropolitan area 70 0.28 0.54 $ 46.83 $ 97,410
Piedmont North Carolina nonmetropolitan area (8) (8) (8) $ 42.47 $ 88,340
Southeast Mississippi nonmetropolitan area 80 0.55 1.06 $ 39.08 $ 81,290
South Central Kentucky nonmetropolitan area 40 0.23 0.45 $ 37.80 $ 78,620
South Georgia nonmetropolitan area 30 0.19 0.36 $ 35.62 $ 74,080


About May 2020 National, State, Metropolitan, and Nonmetropolitan Area Occupational Employment and Wage Estimates

These estimates are calculated with data collected from employers in all industry sectors, all metropolitan and nonmetropolitan areas, and all states and the District of Columbia. The top employment and wage figures are provided above. The complete list is available in the downloadable XLS files.

The percentile wage estimate is the value of a wage below which a certain percent of workers fall. The median wage is the 50th percentile wage estimate—50 percent of workers earn less than the median and 50 percent of workers earn more than the median. More about percentile wages.


(1) Estimates for detailed occupations do not sum to the totals because the totals include occupations not shown separately. Estimates do not include self-employed workers.

(2) Annual wages have been calculated by multiplying the hourly mean wage by a "year-round, full-time" hours figure of 2,080 hours; for those occupations where there is not an hourly wage published, the annual wage has been directly calculated from the reported survey data.

(3) The relative standard error (RSE) is a measure of the reliability of a survey statistic. The smaller the relative standard error, the more precise the estimate.

(8) Estimate not released.

(9) The location quotient is the ratio of the area concentration of occupational employment to the national average concentration. A location quotient greater than one indicates the occupation has a higher share of employment than average, and a location quotient less than one indicates the occupation is less prevalent in the area than average.


Other OEWS estimates and related information:

May 2020 National Occupational Employment and Wage Estimates

May 2020 State Occupational Employment and Wage Estimates

May 2020 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2020 National Industry-Specific Occupational Employment and Wage Estimates

May 2020 Occupation Profiles

Technical Notes

 

Last Modified Date: March 31, 2021