Business & Finance Chicago, IL
Pop. 2,693,976
Credit Analyst Salary in Chicago, Illinois
The median credit analyst salary in Chicago, IL is $86,965 per year, which is 13.0% above the national median and 11.9% above the Illinois state average.
City Median
$86,965
vs State Avg
+$9,235
vs National
+$10,005
Cost of Living
107%
Credit Analyst Salary in Chicago by Experience
In Chicago, an entry-level credit analyst earns around $54,240, while experienced professionals earn up to $135,600 per year. The local cost of living index is 107% of the national average.
Entry Level (0-2 yrs)
$54,240
+$6,240 vs national
Mid Level (3-7 yrs)
$88,140
+$10,140 vs national
Senior Level (8+ yrs)
$135,600
+$15,600 vs national
Salary Percentiles in Chicago, IL
| Percentile | Chicago |
|---|---|
| 10th Percentile | $51,980 |
| 25th Percentile | $66,670 |
| Median (50th) | $86,965 |
| 75th Percentile | $113,000 |
| 90th Percentile | $141,250 |
Credit Analyst Salary in Other Illinois Cities
How to Become a Credit Analyst in Chicago
Education
Most credit analyst positions require a bachelor's degree. Chicago and the surrounding Illinois area have institutions offering relevant programs.
Key Skills
Financial AnalysisCredit RiskExcelFinancial StatementsReport WritingAttention to Detail
Job Outlook
Nationally, credit analyst employment is projected to grow 5% over the next decade (faster than average). Demand in Chicago may vary based on local industry and population growth.