Business & Finance Paterson, NJ
Pop. 159,732
Credit Analyst Salary in Paterson, New Jersey
The median credit analyst salary in Paterson, NJ is $86,965 per year, which is 13.0% above the national median and 8.1% below the New Jersey state average.
City Median
$86,965
vs State Avg
$-7,696
vs National
+$10,005
Cost of Living
105%
Credit Analyst Salary in Paterson by Experience
In Paterson, 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 105% 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 Paterson, NJ
| Percentile | Paterson |
|---|---|
| 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 New Jersey Cities
How to Become a Credit Analyst in Paterson
Education
Most credit analyst positions require a bachelor's degree. Paterson and the surrounding New Jersey 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 Paterson may vary based on local industry and population growth.