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Bank Credit Analyst salary in Canada

Average Yearly Salary of Bank Credit Analyst in Canada is approximately 69,337 CAD (69,325 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Bank Credit Analyst do?

occupation personasA bank credit analyst is responsible for evaluating the creditworthiness of individuals or businesses applying for loans or lines of credit from a bank. They analyze financial statements, credit reports, and other relevant information to assess the borrower's ability to repay the loan and manage financial risk. The credit analyst also determines the appropriate loan terms and conditions based on their assessment and the bank's lending policies. They may work closely with loan officers, underwriters, and other stakeholders to gather necessary information and make informed decisions. Additionally, the credit analyst monitors existing loans and reviews any changes in the borrower's financial situation to ensure compliance with loan agreements.

Skills: Credit analysis, Financial risk assessment, Loan underwriting, Financial statement analysis, Creditworthiness evaluation, Risk management.
Job industry: Finance


How much does Bank Credit Analyst make?

Salary details
How much does Bank Credit Analyst make?
Estimated Yearly Salary: 69,337 CAD
Estimated Monthly Salary: 5,778 CAD
Estimated Weekly Salary: 1,333 CAD per week
Estimated Hourly Salary: 33 CAD per hour
Values are pre-tax
Last revision of data: 2025-01-04

Comparing salary to last year:
Estimated Yearly Salary: 66,963 CAD
Estimated Monthly Salary: 5,580 CAD
Estimated Weekly Salary: 1,288 CAD per week
Estimated Hourly Salary: 32 CAD per hour
Last revision of data: 2024-01-05



Bank Credit Analyst estimated salary in USD
For easier comparison here is an estimated salary in USD:
Estimated Yearly Salary: 69,325 USD
Estimated Monthly Salary: 5,777 USD
Estimated Weekly Salary: 1,333 USD per week
Estimated Hourly Salary: 33 USD per hour


Difference in salary year over year or average salary increase is approximately up arrow 4 %

About these results Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.

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Salary comparison to National average

Canada is a vast country located in North America. It has a population of approximately 38 million people, making it the second-largest country by land area and the tenth-largest by population. With a total area of about 9.98 million square kilometers, Canada is known for its breathtaking landscapes, including mountains, forests, lakes, and coastlines.

Estimated national average yearly salary is 70,966 CAD (52,960 USD). Value indicated is pre-tax. Below graph shows estimated Bank Credit Analyst job salary compared to average salary in Canada.
Comparison shows that a person working as Bank Credit Analyst in Canada earns on average:
0.98 times the average salary (or 98% of average salary).

Is Bank Credit Analyst a well paid job?

Yes, our data show that Bank Credit Analyst is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Bank Credit Analyst?

High salary for Bank Credit Analyst would be somewhere between 76,271 CAD and 100,539 CAD. However this is an estimation based on Gaussian Distribution.

How much can you save working as Bank Credit Analyst in Canada?

Living in Canada the approximate monthly expenses are: 2,118 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 69,337 CAD
Estimated Monthly Salary: 5,778 CAD
Estimated Weekly Salary: 1,333 CAD per week
Estimated Hourly Salary: 33 CAD per hour
By working as Bank Credit Analyst a person can save up to 3,659 USD per month or 43,904 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Canada, see costs of living in Canada.

Salary comparison to region and neighbouring coutries

Country's neighbours are: United States of America.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Bank Credit Analyst

United States Of America is 74,337 USDup arrow 7%
Details on Bank Credit Analyst salary in United States Of America
Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

    0 years (beginner) equals base salary
    1 to 5 years of experience yields up arrow+12% salary increase
    6 to 10 years of experience yields up arrow+25% salary increase
    11 to 15 years of experience yields up arrow+16% salary increase
    16 to 25 years of experience yields up arrow+9% salary increase
    more than 25 years of experience yields up arrow+10% salary increase
NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Canada

(552,602 CAD per year, pre-tax.)
(460,219 CAD per year, pre-tax.)
(446,188 CAD per year, pre-tax.)
(430,825 CAD per year, pre-tax.)
(430,370 CAD per year, pre-tax.)
(421,037 CAD per year, pre-tax.)
(420,203 CAD per year, pre-tax.)
(419,967 CAD per year, pre-tax.)
(419,948 CAD per year, pre-tax.)
(419,552 CAD per year, pre-tax.)

Data as of 2025

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The salary data presented here are meant for reference purposes only.
By visiting this website, you accept that salary details are subject to change.
The salary figures presented here are meant for reference purposes solely. While we strive to ensure correctness, we do not guarantee all figures is flawless. Users are advised to research salary details with official authorities before making important financial choices. Salary ranges can change due to economic shifts, demand variations, and regional factors. We deny responsibility for inaccuracies in the salary data displayed.