Credit Analyst Salary Details

Salary Breakup

For a Credit Analyst, the Median CTC (Cost to Company) Salary is INR 5,93,560 per annum About 10% of the workforce has a salary below INR 2,10,000/ About 90% of the workforce has a salary below INR 10,00,000/-

Salary with Career Growth

Early Career Phase

     Credit Analysts after working for about 2-4  Years in a different departments within Finance Sector of the firm usually get promoted to a designation of Senior Credit Analyst. The responsibilities remain the same with added tasks pertaining to mentoring new joiners. The salary hike expected can be around 20-25% for this profile.

      After about 1-2 years of  further Job experience as a Senior Credit Analyst, a candidate dawns the role of Assistant Credit Manager or Senior Credit Manager.

     They may get upgraded to Investments Manager (if they join the Investments team) or Audit Manager if they are a part of audit department previously.

Mid Career Phase

     Assistant  Credit Manager essentially are responsible for overseeing the credit granting process for a company. Their job is to optimize company sales and reduce bad debt losses by maintaining the credit policy. The salary hike expected for this profile can be around 25-40%.

        After about 3-4 years of further experience depending on the competency, depth of knowledge in Economics and Finance, and adaptability skills, they get promoted to Senior Manager – Finance Department.

      They in charge of coming up with realistic financial goals that the company (or department) should aim for and also oversee the execution of those goals. Salary hike expected for this profile can be 20-30% on an average.

Late Career Phase

      After about 4-6 Years of further experience, Senior Finance Managers dawn the hat of VP or Director Of Finance/Investments.

     Their day to day tasks include supervising accounting staff, overseeing internal controls, setting financial targets, implementing fund-raising strategies, engaging with investors, developing financial strategy, conducting feasibility studies, monitoring expenditure, overseeing annual insurance, etc. upgrades undertaken by the company. 

     Salary Hike expected for this profile can be 20-30% Along with options for profit sharing, ESOPs, etc.

     And finally after further 5-7 Years of experience, Director of Finance finally get promoted to CFO (Chief Finance Officer) or CIO (Chief Investment Officer). Salary Hike expected can be between 30-50% which includes profit sharing, ESOPs, Allowances, etc.

Top Recruiters for this Profile

Credit Analyst are widely recruited in the sectors mentioned below. Some of the top recruiters in these sectors are mentioned below as well. The information has been pulled out after analyzing 6 popular Job portals in India namely LinkedIn,,,, and Glassdoor.

List of Companies

Mckinsey and Co. Boston Consulting Group Bain and Co.
Accenture Consulting AT Kearney Deloitte Consulting
KPMG India PWC India ZS Associates
LTI Consulting Cognizant EY

List of Companies

Bank of America Citibank JP Morgan
Deutsche Bank Morgan Stanley ICICI Group
HDFC Group Axis Bank Kotak Mahindra
Royal Bank of Scotland Franklin Templeton Max New York Life
Aditya Birla Group State Bank of India Indiabulls Housing Finance
L and T Finance DCB Bank Crisil Pvt Ltd.
IIFL Securities Limited Bajaj Finance Limited Mahindra and Mahindra Group
Morning Star DBS Bank Ujjivan Small Finance Bank

List of Companies

Zerodha Angel Broker IIFL
Sharekhan ICICI Direct ICICI Securities
HDFC Securities Motilal Oswal Edelweiss
NJ Wealth Sriram Securities Axis Direct
5Paisa Religare Securities Indiabulls Ventures

List of Companies

LIC Insurance of India ICICI Life Insurance HDFC Life
SBI Life Max New York Life Bajaj Alliance
Birla Sun Life Reliance Nippon Tata AIA
PNB Life Insurance Aegon Life Edelweiss Tokio
Aviva Life IDBI Federal Bharti Axa

List of Companies

ICICI Prudential AMC HDFC AMC SBI Mutual Fund
Franklin Templeton AMC Axis AMC Aditya Birla AMC
Nippon AMC UTI Asset Management Canara Robecco AMC
DSP Mutual Fund Invesco Mutual Fund Kotak Mahindra AMC

List of Companies

JP Morgan Goldman Sachs Morgan Stanley
Credit Suisse Bank of America Citigroup
Barclays Nomura BNP Paribas
Jefferies UBS Well Fargo

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Job Summary

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