Credit Analyst Salary Details
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, Naukri.com, Indeed.com, IIMJobs.com, Timesjobs.com 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|
List of Best Online Free Courses, Youtube Channels, Content Blogs along with best Certifications to upgrade the skills for a Credit Analyst!Know More!