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What does a Commercial Credit Analyst earn?
Commercial Credit Analysts typically earn an average of £34,500 per year in the UK. Primarily, their role is to provide financial risk analysis for companies. These professionals use complex tools and prcoesses to assess the financial security of companies and advise on commercial investments, credit ratings and loan agreements. Credit Analysts often work with banks and other financial institutions. They also specialise in areas such as capital markets, investment banking and commodities trading.
How to earn more as a Commercial Credit Analyst
To become a Commercial Credit Analyst, you will need qualifications such as a degree in finance, business management, accounting or economics. If you have some previous experience of working with financial models and analysing financial data, then this could be an advantage. Alternatively, you may be able to get training on the job. To earn more money as a Commercial Credit Analyst, you can move into a specialised area of the industry or become a manager within a finance business. You could also become self-employed, or set up your own credit analysis or consultancy firm. The best paid Commercial Credit Analysts can make over £52,500 a year.
Min: £24,000.00 Max: £52,500.00
Average Commercial Credit Analyst Salary in UK : £34,463.99
Read about Commercial Credit Analyst salaries, related jobs and salary information across the UK
Commercial Credit Analyst Salary data from the ONS
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Age Group
Recommended Commercial Credit Analyst Jobs in UK
Average Salary for Commercial Credit Analyst compared to similar jobs
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|---|---|
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| Business Operations Analyst Salary in UK | £43,733.20 |
Salary by Region
Compare Commercial Credit Analyst salaries across different regions
| Region | Salary |
|---|---|
| Scotland | £42,936.80 |
| Wales | £33,853.80 |
| East Midlands | £35,342.53 |
| Eastern | £30,622.20 |
| London | £44,440.60 |
| North West | £26,448.28 |
| South East | £38,411.74 |
| South West | £38,018.83 |
| West Midlands | £29,666.67 |
| Yorkshire and the Humber | £37,909.09 |
Annual Job Ads by Region
Understanding the Average Commercial Credit Analyst Salary in the UK
As a Commercial Credit Analyst in the UK, it's important to have a clear understanding of the average salary in this field. According to average Information Technology (IT) salaries, the average salary for a Commercial Credit Analyst in the UK is £34,500 per year. This figure can vary depending on factors such as experience, qualifications, and location.
Salary Expectations for Newly Qualified Commercial Credit Analyst
If you're a newly qualified Commercial Credit Analyst, you may be wondering what salary you can expect. To get a better idea, it's recommended to explore the current job market. You can start your search by visiting job search websites that specialize in commercial credit analyst roles. These platforms will provide you with valuable insights into the salary range for entry-level positions in the UK.
Salaries for Experienced Commercial Credit Analyst
For experienced Commercial Credit Analysts in the UK, the salary range tends to be higher than that of newly qualified professionals. With a proven track record and extensive knowledge in the field, you can expect to earn a salary between £24,000 and £52,500 per year. Keep in mind that these figures are approximate and can vary depending on various factors such as the size and reputation of the company you work for.
Creating a Commercial Credit Analyst CV
When applying for a Commercial Credit Analyst position, having a well-crafted CV is crucial. It should highlight your relevant skills, qualifications, and experience in the field. To make the process easier, you can use a CV template specifically designed for Commercial Credit Analysts. This template will guide you in showcasing your expertise and increasing your chances of landing your dream job.
Career Development Opportunities for Commercial Credit Analyst
As a Commercial Credit Analyst, there are numerous career development opportunities available to you. Whether you want to specialize in a specific industry or move up the corporate ladder, it's important to stay informed about the latest trends and advancements in the field. You can find valuable career advice that will help you navigate your career path and achieve your professional goals.
Comprehensive Compensation for Commercial Credit Analyst
Aside from the base salary, Commercial Credit Analysts in the UK may also receive comprehensive compensation packages. These packages can include bonuses, profit-sharing, pension schemes, healthcare benefits, and more. It's important to consider the overall compensation package when evaluating a job offer, as it can significantly impact your financial well-being.
Strategies for Increasing Your Salary as a Commercial Credit Analyst
If you're looking to increase your salary as a Commercial Credit Analyst, there are several strategies you can employ. These include continuously updating your skills and knowledge, taking on additional responsibilities, and seeking out opportunities for professional development. By demonstrating your value to employers and staying ahead of industry trends, you can position yourself for salary advancements and promotions.
Professional Development and Earnings
Investing in your professional development as a Commercial Credit Analyst can have a direct impact on your earnings. By attending relevant training programs, obtaining certifications, and staying up-to-date with industry best practices, you can enhance your skills and expertise. This, in turn, can lead to higher earning potential and more lucrative job opportunities.
Capitalising on Extra Hours and Duties
As a Commercial Credit Analyst, there may be opportunities to earn additional income by taking on extra hours or duties. Some companies offer overtime pay or bonuses for working beyond regular hours or handling additional responsibilities. It's worth exploring these options and discussing them with your employer to maximize your earning potential.
