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Salary survey: Credit analysis

25 July 2007

Sarah Butcher

How much do experienced credit analysts stand to earn in the middle office? Try £110k, including bonus.

Given banks stand to lose a packet if the counterparties they're trading with go under, the amounts they pay the analysts who assess those counteparties' creditworthiness aren't exactly huge.

According to a salary survey from recruitment firm Healy Hunt, credit analysts with eight years' experience analysing hedge funds' financial stability can command a maximum of £119k (£75k to £85k base, plus a 30-40% bonus).

With losses on sub-prime backed CDOs as high as US$52bn, according to a report from Credit Suisse, and a large proportion of those held by hedge funds, hedge fund analysts are in big demand says Justin Maude, the analyst at Healy Hunt who conducted the research. As a result they can command the biggest bucks. The least lucrative field of analysis is corporates, where total compensation is around 12% lower.

Credit risk salaries and bonuses

Corporate counterparty analysis
Four to six years' experience: £55k-£65k base, plus 25-35% bonus
Seven to nine years' experience: £65k-£75k base, plus 30-40% bonus

Financial institutions (inc hedge funds) counterparty analysis
Four to six years' experience: £55k-£65k base, plus 21-30% bonus
Seven to nine years' experience: £75k-£85k base, plus 30-40% bonus

Emerging markets counterparty analysis
Four to six years' experience: £55k-£65k base, plus 30-40% bonus
Seven to nine years' experience: £70k-£80k base, plus 30-40% bonus

• See Healy Hunt for full survey results.

Comments (6)

I think compensation depends from where you work. In bulge bracket banks it is substantially higher than what is presented here.

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Comments (6)

  • I think compensation depends from where you work. In bulge bracket banks it is substantially higher than what is presented here.

    Credit analyst 26 Jul 2007

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  • Agree with the comment above. The figures quoted here seem a bit low.

    Anonymous 26 Jul 2007

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  • You might need to widen your brief, try £100k plus 100% bonus!

    Anonymous 26 Jul 2007

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  • The figures quoted here are low, the ones on the actual survey seem a lot closer to the mark in terms of base

    Anonymous 27 Jul 2007

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  • Dear Sir/Madam,



    Your comments are greatly appreciated. We are keen to point out that the salary survey represents a market average. These are bonafide responses from over 450 Credit professionals across the FI/NBFI spectrum. We support the view that some banks pay well above / below this average to accommodate specific skill sets and also to attract / retain candidates in fluctuating employment market conditions.



    Furthermore, many banks are currently re-thinking their approach to how they handle Credit, many taking a much more positive and highly valued view of the Credit function.



    Many regards
    Healy Hunt Credit Team.

    Healy Hunt Press Release 27 Jul 2007

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  • who is Healey hunt ?

    ss 10 Aug 2007

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