Business & Finance Minnesota (MN) Rank #19 of 50

Credit Analyst Salary in Minnesota

The median credit analyst salary in Minnesota is $76,190 per year, which is 1% below the national median of $76,960.

Median Salary
$76,190
vs National
$-770
State Rank
#19 of 50
Cost of Living
97%

Credit Analyst Salary in Minnesota by Experience

In Minnesota, an entry-level credit analyst earns around $47,520, while experienced professionals earn up to $118,800 per year. The cost of living index in Minnesota is 97% of the national average.

Entry Level (0-2 yrs)
$47,520
$-480 vs national
Mid Level (3-7 yrs)
$77,220
$-780 vs national
Senior Level (8+ yrs)
$118,800
$-1,200 vs national

Salary Percentiles in Minnesota

Percentile MN Salary
10th Percentile $45,540
25th Percentile $58,410
Median (50th) $76,190
75th Percentile $99,000
90th Percentile $123,750

Credit Analyst Salary by City in Minnesota

The largest employment areas for credit analysts in Minnesota include Minneapolis, Saint Paul, Rochester, and Duluth. Salaries vary by city based on local cost of living and demand.

How to Become a Credit Analyst in Minnesota

Education

Most credit analyst positions require a bachelor's degree. Minnesota has several accredited institutions offering relevant programs.

Key Skills

Financial AnalysisCredit RiskExcelFinancial StatementsReport WritingAttention to Detail

Job Outlook in Minnesota

Nationally, credit analyst employment is projected to grow 5% over the next decade (faster than average). Minnesota's demand may vary based on local industry trends.