Home > Salary > Singapore > Credit Analyst Banking
A 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.
Estimated Yearly Salary: 157,325 SGD
Estimated Monthly Salary: 13,110 SGD
Estimated Weekly Salary: 3,025 SGD per week
Estimated Hourly Salary: 76 SGD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 12,696 SGD
Estimated Weekly Salary: 2,930 SGD per week
Estimated Hourly Salary: 73 SGD per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 79,130 USD
Estimated Monthly Salary: 6,594 USD
Estimated Weekly Salary: 1,522 USD per week
Estimated Hourly Salary: 38 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
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.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 157,325 SGD
Estimated Monthly Salary: 13,110 SGD
Estimated Weekly Salary: 3,025 SGD per week
Estimated Hourly Salary: 76 SGD per hour
By working as Credit Analyst Banking a person can save up to 3,906 USD per month or 46,874 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 Singapore, see costs of living in Singapore.
Estimated Yearly Salary for Credit Analyst Banking
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Soil-conservation technician (64,892 SGD per year, pre-tax.)
Trust operations assistant (52,251 SGD per year, pre-tax.)
Special weapons and tactics (swat), team member (39,609 SGD per year, pre-tax.)
Retail store assistant manager (42,980 SGD per year, pre-tax.)
Field sales representative pharmaceuticals (143,065 SGD per year, pre-tax.)
Credit Analyst Banking salary in Singapore
Average Yearly Salary of Credit Analyst Banking in Singapore is approximately 157,325 SGD (79,130 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?
A 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
Job industry: Banking
How much does Credit Analyst Banking make?
Salary details
How much does Credit Analyst Banking make?Estimated Yearly Salary: 157,325 SGD
Estimated Monthly Salary: 13,110 SGD
Estimated Weekly Salary: 3,025 SGD per week
Estimated Hourly Salary: 76 SGD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 152,356 SGDEstimated Monthly Salary: 12,696 SGD
Estimated Weekly Salary: 2,930 SGD per week
Estimated Hourly Salary: 73 SGD per hour
Last revision of data: 2024-01-03Credit Analyst Banking estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 79,130 USD
Estimated Monthly Salary: 6,594 USD
Estimated Weekly Salary: 1,522 USD per week
Estimated Hourly Salary: 38 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %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.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
Please type in your occupation and select desired country to see latest trends in salaries.
Country:
Salary comparison to National average
Singapore is a vibrant and cosmopolitan city-state located in Southeast Asia. With a population of approximately 5.7 million people, it is one of the most densely populated countries in the world. Despite its small size, measuring only 719 square kilometers, Singapore has become a global hub for trade, finance, and tourism.
Estimated national average yearly salary is 95,377 SGD (67,200 USD). Value indicated is pre-tax. Below graph shows estimated Credit Analyst Banking job salary compared to average salary in Singapore.
Comparison shows that a person working as Credit Analyst Banking in Singapore earns on average:
1.65 times the average salary (or 165% of average salary).
Estimated national average yearly salary is 95,377 SGD (67,200 USD). Value indicated is pre-tax. Below graph shows estimated Credit Analyst Banking job salary compared to average salary in Singapore.
Comparison shows that a person working as Credit Analyst Banking in Singapore earns on average:
1.65 times the average salary (or 165% 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 173,058 SGD and 228,121 SGD. However this is an estimation based on Gaussian Distribution.How much can you save working as Credit Analyst Banking in Singapore?
Living in Singapore the approximate monthly expenses are: 2,688 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: 157,325 SGD
Estimated Monthly Salary: 13,110 SGD
Estimated Weekly Salary: 3,025 SGD per week
Estimated Hourly Salary: 76 SGD per hour
By working as Credit Analyst Banking a person can save up to 3,906 USD per month or 46,874 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 Singapore, see costs of living in Singapore.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Malaysia, Indonesia. 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
Malaysia is 20,846 USD
Indonesia is 12,398 USD Last revision of data: 2025-01-04Salary 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
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Singapore
(1,400,313 SGD per year, pre-tax.)
2. Cardiologist
(1,169,524 SGD per year, pre-tax.)
(1,129,281 SGD per year, pre-tax.)
(1,093,464 SGD per year, pre-tax.)
5. Neurosurgeon
(1,091,467 SGD per year, pre-tax.)
(1,068,249 SGD per year, pre-tax.)
7. Oncologist
(1,067,130 SGD per year, pre-tax.)
(1,066,002 SGD per year, pre-tax.)
(1,063,823 SGD per year, pre-tax.)
(1,063,241 SGD per year, pre-tax.)
Data as of 2025Random salary:
Soil-conservation technician (64,892 SGD per year, pre-tax.)
Trust operations assistant (52,251 SGD per year, pre-tax.)
Special weapons and tactics (swat), team member (39,609 SGD per year, pre-tax.)
Retail store assistant manager (42,980 SGD per year, pre-tax.)
Field sales representative pharmaceuticals (143,065 SGD per year, pre-tax.)
Feedback about these results
Please provide feedback by clicking buttons below if you find any of our salaries erroneous.
Link to this graph - use the following code to display the salary graph on your page:
<a href='https://optisalary.com/salary?country=singapore&job=credit-analyst-banking'><img src='https://optisalary.com/wp-content/graphs/salary/credit-analyst-banking-salary-in-singapore-2025.jpg' alt='credit analyst banking salary in singapore 2025' title='credit analyst banking salary in singapore 2025' /></a>
Please note:The salary figures on this website are meant for reference use exclusively.
optisalary.com provides salary data solely for informational use. While we strive for accuracy, we do not guarantee the precision of all figures. Users should double-check salary details with reliable organizations before making financial plans. Salary estimates may fluctuate based on multiple elements, such as geographic location, experience, and job role. We assume no responsibility for errors in the salary figures provided. By using optisalary.com, you acknowledge that salary data is subject to change.
optisalary.com displays salary data exclusively for informational purposes. While we strive for accuracy, we do not ensure the validity of all figures. Users must double-check salary details with official sources before making financial plans. Salary estimates can fluctuate based on multiple factors, such as company size, negotiation tactics, and industry demand. We accept no responsibility for misinterpretations in the pay estimates provided. By accessing optisalary.com, you acknowledge that salary data is not absolute.