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Credit Analyst Banking salary in Norway

Average Yearly Salary of Credit Analyst Banking in Norway is approximately 1,233,676 NOK (112,140 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 Credit Analyst Banking do?

occupation personasA credit analyst in banking is responsible for evaluating the creditworthiness of individuals, businesses, or organizations applying for loans or credit. They analyze financial data, such as income statements, balance sheets, and credit histories, to assess the borrower's ability to repay the loan and determine the level of risk involved. Credit analysts also review loan applications, perform risk assessments, and make recommendations on loan approvals or rejections. They may collaborate with other departments, such as underwriting or risk management, to gather additional information and ensure compliance with lending policies and regulations. Attention to detail, strong analytical skills, and a solid understanding of financial markets and industry trends are essential for success in this role.

Skills: credit analysis, risk assessment, financial analysis, loan underwriting, creditworthiness evaluation, banking regulations
Job industry: Banking


How much does Credit Analyst Banking make?

Salary details
How much does Credit Analyst Banking make?
Estimated Yearly Salary: 1,233,676 NOK
Estimated Monthly Salary: 102,806 NOK
Estimated Weekly Salary: 23,725 NOK per week
Estimated Hourly Salary: 593 NOK per hour
Values are pre-tax
Last revision of data: 2025-01-04

Comparing salary to last year:
Estimated Yearly Salary: 1,190,970 NOK
Estimated Monthly Salary: 99,248 NOK
Estimated Weekly Salary: 22,903 NOK per week
Estimated Hourly Salary: 573 NOK per hour
Last revision of data: 2024-01-03



Credit Analyst Banking estimated salary in USD
For easier comparison here is an estimated salary in USD:
Estimated Yearly Salary: 112,140 USD
Estimated Monthly Salary: 9,345 USD
Estimated Weekly Salary: 2,157 USD per week
Estimated Hourly Salary: 54 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

Norway, located in Northern Europe, is a country known for its stunning natural landscapes, including fjords, mountains, and forests. With a population of approximately 5.4 million people, it is one of the least densely populated countries in Europe. The size of Norway is around 323,802 square kilometers, making it larger than many European countries.

Estimated national average yearly salary is 977,067 NOK (95,510 USD). Value indicated is pre-tax. Below graph shows estimated Credit Analyst Banking job salary compared to average salary in Norway.
Comparison shows that a person working as Credit Analyst Banking in Norway earns on average:
1.26 times the average salary (or 126% of average salary).

Is Credit Analyst Banking a well paid job?

Yes, our data shows that Credit Analyst Banking is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Credit Analyst Banking?

High salary for Credit Analyst Banking would be somewhere between 1,357,044 NOK and 1,788,830 NOK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Credit Analyst Banking in Norway?

Living in Norway the approximate monthly expenses are: 3,820 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: 1,233,676 NOK
Estimated Monthly Salary: 102,806 NOK
Estimated Weekly Salary: 23,725 NOK per week
Estimated Hourly Salary: 593 NOK per hour
By working as Credit Analyst Banking a person can save up to 5,525 USD per month or 66,295 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 Norway, see costs of living in Norway.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Sweden, Finland, Russia, Denmark.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Credit Analyst Banking

Sweden is 74,070 USDdown arrow 34%
Details on Credit Analyst Banking salary in Sweden
Finland is 63,785 USDdown arrow 43%
Details on Credit Analyst Banking salary in Finland
Russia is 15,076 USDdown arrow 87%
Details on Credit Analyst Banking salary in Russia
Denmark is 86,168 USDdown arrow 23%
Details on Credit Analyst Banking salary in Denmark
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 Norway

(10,937,756 NOK per year, pre-tax.)
(9,106,184 NOK per year, pre-tax.)
(8,829,745 NOK per year, pre-tax.)
(8,566,101 NOK per year, pre-tax.)
(8,524,526 NOK per year, pre-tax.)
(8,361,766 NOK per year, pre-tax.)
(8,317,150 NOK per year, pre-tax.)
(8,311,831 NOK per year, pre-tax.)
(8,311,163 NOK per year, pre-tax.)
(8,310,747 NOK per year, pre-tax.)

Data as of 2025

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credit analyst banking salary in norway 2025
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The salary figures on this website are meant for reference use only.
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