Business & Finance Springfield, MA Pop. 155,929

Credit Analyst Salary in Springfield, Massachusetts

The median credit analyst salary in Springfield, MA is $80,808 per year, which is 5.0% above the national median and 26.1% below the Massachusetts state average.

City Median
$80,808
vs State Avg
$-28,475
vs National
+$3,848
Cost of Living
98%

Credit Analyst Salary in Springfield by Experience

In Springfield, an entry-level credit analyst earns around $50,400, while experienced professionals earn up to $126,000 per year. The local cost of living index is 98% of the national average.

Entry Level (0-2 yrs)
$50,400
+$2,400 vs national
Mid Level (3-7 yrs)
$81,900
+$3,900 vs national
Senior Level (8+ yrs)
$126,000
+$6,000 vs national

Salary Percentiles in Springfield, MA

Percentile Springfield
10th Percentile $48,300
25th Percentile $61,950
Median (50th) $80,808
75th Percentile $105,000
90th Percentile $131,250

Credit Analyst Salary in Other Massachusetts Cities

How to Become a Credit Analyst in Springfield

Education

Most credit analyst positions require a bachelor's degree. Springfield and the surrounding Massachusetts 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 Springfield may vary based on local industry and population growth.