Is credit risk a good career?
A position as a credit risk analyst allows you to gain experience in a more focused area of finance, while still providing skills and experience that are applicable in many other positions. For those looking to pursue a challenging and lucrative career, credit risk analysis can be a great option.
A position as a credit risk analyst allows you to gain experience in a more focused area of finance, while still providing skills and experience that are applicable in many other positions. For those looking to pursue a challenging and lucrative career, credit risk analysis can be a great option.
The job can be a pathway to a career as an investment banker, portfolio manager, or loan and trust manager. Being a credit analyst can be a stressful job. You often must decide whether a person or a company can make a purchase, and at what interest rate, which is a significant responsibility.
Credit Risk Analysts analyze credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with credit information for use in decisionmaking.
Educational Qualifications
Most employers that look for credit risk analysts prefer job candidates with undergraduate degrees in a quantitative business discipline such as finance, accounting, economics. or a related field.
| Experience | Avg Annual Salary |
|---|---|
| 1 year(13 salaries) | ₹16.4 Lakhs ₹8 L/yr - ₹21 L/yr |
| 2 years(16 salaries) | ₹16.4 Lakhs ₹6.6 L/yr - ₹25 L/yr |
| 3 years(7 salaries) | ₹16.4 Lakhs ₹6.6 L/yr - ₹23 L/yr |
| 4 years(3 salaries) | ₹16.4 Lakhs ₹8 L/yr - ₹29.5 L/yr |
Credit Risk Associate salary at JPMorgan Chase & Co. India ranges between ₹11.0 Lakhs to ₹36.0 Lakhs. According to our estimates it is 30% more than the average Credit Risk Associate Salary in India.
1. Investment Banker. Roles in investing banking are highly sought after. For investment bankers, it's often a higher competition to land a role in one of the largest firms.
| Job Title | Salary |
|---|---|
| JPMorgan Chase & Co Credit Risk Analyst salaries - 129 salaries reported | $111,333/yr |
| Goldman Sachs Credit Risk Analyst salaries - 67 salaries reported | $114,353/yr |
| Citi Credit Risk Analyst salaries - 54 salaries reported | $112,235/yr |
According to the U.S. Bureau of Labor Statistics (BLS), the median yearly salary for risk analysts is about $102,120. However, the starting salary for this role can be as low as $59,510 or $28.61 per hour.
How many hours a week do risk analysts work?
The typical work schedule of a risk analyst is between 35 and 40 hours a week.
Working in operational risk tends to involve working fairly standard 9 am–5 pm or 6 pm days. Working in operational risk, you'll start your day by reviewing your schedule of meetings and planning your day around that.
Being a Risk Analyst is unquestionably a prestigious and rewarding career choice. To evaluate its attractiveness, let's break down various factors: Opportunities for Advancement (Score: 8): As a high-level position, the Risk Analyst role offers considerable influence and decision-making authority.
- Step One: Earn a bachelor's degree. ...
- Step Two: Consider a master's degree in data analytics, accounting, or information technology. ...
- Step Three: Apply for data analytics jobs and gain experience in the workplace.
Answer and Explanation: Reasons for credit risk modeling being difficult than interest rate modeling are, The historical data that helps in creating future predictions required for modeling and calculating risk is less for credit risk than interest risk.
- Earn an undergraduate degree. ...
- Apply for internships. ...
- Study for a master's degree. ...
- Apply for graduate training programmes. ...
- Apply for roles. ...
- Good judgement. ...
- Analytical skills. ...
- IT literacy.
How much does a Risk Analyst make at JPMorgan Chase & Co in New York? The estimated average pay for Risk Analyst at this company in New York is $82,186 per year, which meets the national average.
$123K (Median Total Pay)
The estimated total pay range for a Credit Risk Analyst at J.P. Morgan is $96K–$157K per year, which includes base salary and additional pay. The average Credit Risk Analyst base salary at J.P. Morgan is $109K per year.
Risk Analyst salary in India ranges between ₹ 2.0 Lakhs to ₹ 18.0 Lakhs with an average annual salary of ₹ 7.4 Lakhs. Salary estimates are based on 5.6k latest salaries received from Risk Analysts.
A credit risk analyst determines how creditworthy someone is based on their credit history. The research that a credit risk analyst conducts ultimately leads to the decision of whether a lender should issue a loan to an applicant. Credit risk analysts may also review and rate investments.
What is the salary of credit risk analyst in Nomura?
Average Base Pay
The estimated total pay range for a Credit Risk Analyst at Nomura Holdings is ₹12L–₹14L per year, which includes base salary and additional pay.
How much does a Credit Associate make at J.P. Morgan in London, England? Average J.P. Morgan Credit Associate yearly pay in London, England is approximately £79,647, which is 45% above the national average.
📈 According to a study by the Myers-Briggs Company, introverts make up 56.8% of financial professionals, while extroverts make up 43.2%. This means that there are plenty of introverted financial professionals out there who have achieved success in their field.
- Investment banker. ...
- Hedge fund manager. ...
- Financial analyst. ...
- Information technology auditor. ...
- Financial software developer. ...
- Private equity associate. ...
- Chief compliance officer. ...
- Chief financial officer.
- Lawyer.
- Physician.
- Financial Analyst.
- Mental Health Counselor.
- Anesthesiologist.
- Construction Manager.
- Cardiovascular Technologist.
- Patrol Officer.
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