The average annual and hourly salaries for credit analysts in the state of Minnesota are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of credit analysts among Minnesota cities is shown in Table 3. The salary statistics are based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2017 and published in April 2018 .
|Percentile Bracket||Average Annual Salary|
|10th Percentile Wage||$48,790|
|25th Percentile Wage||$58,990|
|50th Percentile Wage||$74,850|
|75th Percentile Wage||$97,230|
|90th Percentile Wage||$123,790|
Table 1 shows the average annual salary for credit analysts in Minnesota in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $123,790. The median (50th percentile) annual salary is $74,850. The average annual salary for the bottom 10 percent is $48,790.
The table and chart below show the trend of the median salary of credit analysts from 2012 to 2017.
|Year||Median Salary||Yearly Growth||5-Year Growth|
Table 3 shows the median annual salary of credit analysts in some Minnesota cities and metropolitan areas. We note that the median annual salary of credit analysts in state of Minnesota ranges from $59,600 to $72,010. The highest paying area for credit analysts in Minnesota is Mankato-North Mankato with a median annual salary of $72,010. The second highest paying city/area in Minnesota State is Southwest Minnesota nonmetropolitan area (mean annual salary $70,620). The lowest paying area is Northwest Minnesota nonmetropolitan area with a median annual salary of $59,600.
|Cities/Areas||Median Annual Salary|
|Mankato-North Mankato|| |
|Southwest Minnesota nonmetropolitan area|| |
|St Cloud|| |
|Southeast Minnesota nonmetropolitan area|| |
|Northwest Minnesota nonmetropolitan area|| |