Average Credit Analyst Salary in Italy for 2024

In this article, we will look at the average Credit Analyst salary for 2024 in Italy and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Euro. To keep things simple, we are using the EUR currency code instead of the currency symbol โ‚ฌ.

How Much Does a Credit Analyst Make in Italy?

A Credit Analyst working in Italy will typically earn around 38,060 EUR per year, and this can range from the lowest average salary of about 20,500 EUR to the highest average salary of 57,620 EUR.

Average Annual Salary
38,060 EUR
Average Monthly Salary
3,171 EUR

Lowest Annual Salary
20,500 EUR
Lowest Monthly Salary
1,708 EUR

Highest Annual Salary
57,620 EUR
Highest Monthly Salary
4,801 EUR

These are average salaries for a Credit Analyst in Italy and include benefits such as housing and transport. It's also possible for a Credit Analyst to earn more or less than the average salaries shown above.

Credit Analyst salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Credit Analyst Salaries in Italy

So we've looked at the average salaries a Credit Analyst will earn in Italy. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Credit Analyst can earn between 20,500 EUR and 57,620 EUR on average in Italy. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Credit Analyst in Italy is 36,800 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 36,800 EUR, and 50% of the population earn more than 36,800 EUR.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Credit Analyst salary in Italy, 25% of the population are earning less than 25,940 EUR while 75% of the population earn more than 25,940 EUR.

75% of the population earn less than 43,800 EUR, and 25% of the population earn more than 43,800 EUR.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Credit Analyst Salary by Experience Level in Italy

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average credit analyst salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Credit Analyst in Italy that has less than two years of experience can expect to earn somewhere in the region of 20,760 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Credit Analyst salary would increase to 29,640 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Credit Analyst, the average salary would be 40,240 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 45,720 EUR.
  • 15 - 20 Years Experience. A Credit Analyst with 15 to 20 years of experience can earn an average of 50,560 EUR.
  • 20+ Years Experience. For a Credit Analyst with more than 20 years, the expected average salary increases to 54,700 EUR.

Average Salary by Experience Chart

0-2 Years
20,760 EUR
2-5 Years +34%
29,640 EUR
5-10 Years +30%
40,240 EUR
10-15 Years +21%
45,720 EUR
15-20 Years +9%
50,560 EUR
20+ Years +5%
54,700 EUR

Credit Analyst Salary by Education Level in Italy

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Credit Analyst in Italy based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. A Credit Analyst in Italy with a bachelor's degree education can earn an average salary of 32,200 EUR.

  • Master's Degree. A Credit Analyst in Italy with a master's degree education can earn an average salary of 43,340 EUR.

Average Salary by Education Chart

Bachelor's Degree
32,200 EUR
Master's Degree +39%
43,340 EUR

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Italy is around 18,200 to 54,700 EUR and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Credit Analyst Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Italy, a male credit analyst will earn an average of 40,240 EUR, while a female credit analyst will earn around 36,700 EUR.

This means that a male credit analyst earns approximately 10% more than a female credit analyst for performing the same job.

Average Salary by Gender Chart in Italy

Male
40,240 EUR
Female -10%
36,700 EUR

Credit Analyst Average Pay Raise in Italy

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Credit Analyst in Italy is around 11% every 16 months.

The national average pay raise across all professions and industries in Italy is around 8% every 17 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 11 ÷ 16 ) × 12  = 8%

What this means is that a Credit Analyst in Italy can expect to receive an average pay raise of around 8% every 12 months.

Annual Pay Raise by Industry in Italy for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Italy.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
6%
Energy
3%
Information Technology
9%
Healthcare
6%
Travel
3%
Construction
9%
Education
6%

Credit Analyst Bonus and Incentive Rates in Italy

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Credit Analyst is a moderate bonus based job, with 54% of employees reporting at least one bonus in the last 12 months.

46% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 3% to 5%.

Received Bonus
54%
No Bonus
46%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Italy earn approximately 5% more than private sector employees in the same role.

Public Sector
46,280 EUR
Private Sector -5%
44,180 EUR

Salaries for Jobs Similar to a Credit Analyst

In the table below, we have salary information for jobs that are similar to a Credit Analyst in Italy.

Job Title Category Salary
AML Analyst Banking 69,260 EUR
Assistant Bank Branch Manager Banking 63,700 EUR
Assistant Bank Manager Banking 78,120 EUR
ATM Manager Banking 67,300 EUR
ATM Service Technician Banking 17,740 EUR
Bank Accounts Analyst Banking 26,080 EUR
Bank Accounts Collector Banking 15,760 EUR
Bank Accounts Controller Banking 35,560 EUR
Bank Accounts Executive Banking 50,340 EUR
Bank Accounts Manager Banking 58,520 EUR
Bank Auditing Manager Banking 60,340 EUR
Bank Branch Manager Banking 85,020 EUR
Bank Branch Operations Coordinator Banking 37,620 EUR
Bank Clerk Banking 14,540 EUR
Bank Client Service Associate Banking 22,660 EUR
Bank Collector Banking 18,260 EUR
Bank Compliance Specialist Banking 43,480 EUR
Bank Manager Banking 96,540 EUR
Bank Operational Risk Manager Banking 92,300 EUR
Bank Operations Head Banking 95,420 EUR
Bank Operations Officer Banking 38,620 EUR
Bank Operations Specialist Banking 59,940 EUR
Bank Process Manager Banking 56,100 EUR
Bank Product Manager Banking 60,840 EUR
Bank Programme Manager Banking 68,360 EUR
Bank Project Manager Banking 75,220 EUR
Bank Propositions Manager Banking 73,040 EUR
Bank Quantitative Analyst Banking 49,020 EUR
Bank Regional Manager Banking 96,500 EUR
Bank Regional Risk Officer Banking 48,940 EUR
Bank Relationship Manager Banking 72,360 EUR
Bank Relationship Officer Banking 34,540 EUR
Bank Teller Banking 17,620 EUR
Banker Banking 34,240 EUR
Banking Business Analyst Banking 52,460 EUR
Banking Business Development Officer Banking 30,700 EUR
Banking Business Planning Executive Banking 73,040 EUR
Banking Product Manager Banking 58,280 EUR
Banking Reference Data Manager Banking 56,140 EUR
Banking Risk Analyst Banking 52,540 EUR
Banking Technical Analyst Banking 24,860 EUR
Bankruptcy Coordinator Banking 35,340 EUR
Bill and Account Collector Banking 17,860 EUR
Budget Analyst Banking 53,120 EUR
Capital Risk Manager Banking 93,100 EUR
Cards Marketing Manager Banking 60,460 EUR
Cash Management Manager Banking 82,520 EUR
Check Processing Manager Banking 61,620 EUR
Commercial Vault Associate Banking 46,980 EUR
Corporate Banker Banking 33,980 EUR
Corporate Dealer Banking 52,380 EUR
Credit and Collections Manager Banking 65,080 EUR
Credit Card Fraud Investigator Banking 52,540 EUR
Credit Portfolio Manager Banking 92,300 EUR
Credit Risk Analyst Banking 55,020 EUR
Credit Risk Associate Banking 56,880 EUR
Direct Bank Sales Representative Banking 34,280 EUR
Exchange Control Consultant Banking 52,460 EUR
Executive Account Analyst Banking 48,300 EUR
Financial Bank Planning Consultant Banking 61,580 EUR
Financial Banking Analysis Manager Banking 72,540 EUR
Financial Banking Assistant Banking 25,220 EUR
Financial Banking Systems Manager Banking 70,940 EUR
Foreign Exchange Manager Banking 73,800 EUR
Fraud Analyst Banking 51,340 EUR
Fraud Detection Associate Banking 36,580 EUR
Fraud Detection Manager Banking 77,100 EUR
Fraud Detection Supervisor Banking 46,400 EUR
Internal Bank Audit Manager Banking 93,880 EUR
Internal Bank Auditor Banking 50,340 EUR
Internal Private Banker Banking 37,740 EUR
International Banking Manager Banking 95,600 EUR
Investment Banking Analyst Banking 70,600 EUR
Loan Analyst Banking 52,180 EUR
Loan Area Manager Banking 61,580 EUR
Loan Audit Team Leader Banking 60,400 EUR
Loan Branch Manager Banking 58,860 EUR
Loan Business Development Officer Banking 31,180 EUR
Loan Clerk Banking 15,300 EUR
Loan Collection and Recovery Manager Banking 57,800 EUR
Loan Collection Manager Banking 56,460 EUR
Loan Collector Banking 14,140 EUR
Loan Examiner Banking 21,020 EUR
Loan Officer Banking 17,760 EUR
Loan Processing Manager Banking 53,860 EUR
Loan Processor Banking 23,380 EUR
Loan Quality Assurance Auditor Banking 48,300 EUR
Loan Quality Assurance Manager Banking 54,280 EUR
Loan Quality Assurance Representative Banking 35,420 EUR
Loan Review Manager Banking 58,440 EUR
Loan Team Leader Banking 50,980 EUR
Loans Manager Banking 66,440 EUR
Mortgage Advisor Banking 34,360 EUR
Mortgage Collection Manager Banking 57,820 EUR
Mortgage Collector Banking 15,380 EUR
Mortgage Credit Analyst Banking 29,040 EUR
Mortgage Credit Manager Banking 57,800 EUR
Mortgage Development Manager Banking 68,060 EUR
Mortgage Document Reviewer Banking 21,980 EUR
Mortgage Funding Manager Banking 66,180 EUR
Mortgage Operations Manager Banking 83,300 EUR
Mortgage Payment Processing Clerk Banking 20,300 EUR
Mortgage Processing Manager Banking 52,880 EUR
Mortgage Processor Banking 19,980 EUR
Mortgage Quality Assurance Auditor Banking 46,880 EUR
Mortgage Quality Assurance Manager Banking 54,500 EUR
Mortgage Servicing Clerk Banking 15,380 EUR
Mortgage Servicing Manager Banking 53,380 EUR
Mortgage Underwriter Banking 21,380 EUR
Online Banking Manager Banking 83,140 EUR
Payment Processing Clerk Banking 16,340 EUR
Personal Banker Banking 38,180 EUR
Personal Banking Advisor Banking 36,800 EUR
Phone Banker Banking 23,360 EUR
Private Banker Banking 35,520 EUR
Reconciliation and Investigation Specialist Banking 41,660 EUR
Tax Officer Banking 28,860 EUR
Teller Banking 15,380 EUR
Trade Officer Banking 20,520 EUR
Trade Product Manager Banking 59,380 EUR
Trader Banking 23,140 EUR
Treasury Operations Officer Banking 43,360 EUR

Salary Comparison by City

If you want to compare salaries with different cities in Italy, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Bologna 39,800 EUR
Catania 39,080 EUR
Genova 38,700 EUR
Milano 41,560 EUR
Napoli 42,460 EUR
Palermo 41,980 EUR
Parma 35,000 EUR
Rome 42,040 EUR
Torino 38,780 EUR
Trieste 34,120 EUR

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