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Average Credit Risk Analyst Salary in United Kingdom for 2026

A credit risk analyst in United Kingdom earns about 89,300 GBP a year. That's 28% above the national average of 69,700 GBP.

Pay ranges widely from country to country and from role to role. The lowest reported salaries in United Kingdom sit around 45,000 GBP a year, while the very top stretches to 138,700 GBP. Everything on this page is in British pound (GBP, symbol £), which lets you compare numbers like-for-like without worrying about exchange rates.

The numbers here are pulled together from official government wage data, large independent salary surveys, and aggregated worker-reported pay. Most reported salaries include the benefits that are common in United Kingdom, such as housing or transport allowances, which is worth keeping in mind if you're comparing against a country where those are usually paid on top.

To turn a gross salary in United Kingdom into a take-home figure, use our United Kingdom salary after tax calculator, which works the latest tax brackets and contributions through the math for you.

How much does a credit risk analyst make in United Kingdom?

Average salary
89,300 GBP
7,441 GBP per month
Lowest reported
45,000 GBP
3,750 GBP per month
Highest reported
138,700 GBP
11,558 GBP per month

A typical credit risk analyst working in United Kingdom brings home around 7,441 GBP a month before tax. Entry-level pay starts near 45,000 GBP, and the top of the ladder reaches roughly 138,700 GBP for the most experienced and specialised people in the role.

The wide gap between low end and top end reflects how much pay can vary inside the same job title. A junior credit risk analyst working at a small local employer earns very different money from a senior at a multinational. Skills, employer, city and years in the seat all push the number around. For a cross-country comparison, see the credit risk analyst salary in Guernsey or Jersey, both of which pay in the same currency.

How credit risk analyst pay ranges in United Kingdom

A good way to think about salary in United Kingdom is to look at the distribution rather than the headline average. Half of all credit risk analysts in United Kingdom earn less than 89,200 GBP a year, and the other half earn more. That middle number is the median, and it is usually more useful than the average for answering "is my pay normal here".

Looking at the quartiles fills in the picture. A quarter of earners take home less than 61,400 GBP (the 25th percentile), and a quarter clear 114,300 GBP (the 75th percentile). The middle 50% of credit risk analysts sit somewhere inside that band, which is where the typical reader of this page probably lives.

The very lowest reported salaries sit around 45,000 GBP. The highest stretch to 138,700 GBP, though only a small fraction of earners ever reach that level. If you are deciding whether your own offer or current pay is reasonable, work out which of those four bands you would fall into and use that as your reference point.

45,000
Low
89,200
Median
138,700
High
61,400
25th
114,300
75th
The middle 50% sit between the 25th and 75th percentile Tails are the lowest and highest reported All figures in GBP

Credit risk analyst pay by experience in United Kingdom

Years of experience is the single biggest lever on pay for a credit risk analyst in United Kingdom, ahead of education and almost any other single factor. The longer you have been in the role, the more your employer can trust you to handle complexity, mentor others and act independently, all of which command higher pay. The chart below shows how the typical credit risk analyst salary changes as you move through the career ladder.

  • 0-2 Years
    49,300 GBP
  • 2-5 Years
    +34% from previous
    65,900 GBP
  • 5-10 Years
    +40% from previous
    92,000 GBP
  • 10-15 Years
    +23% from previous
    112,700 GBP
  • 15-20 Years
    +6% from previous
    119,700 GBP
  • 20+ Years
    +7% from previous
    127,600 GBP

The single largest jump on the ladder is from 2 - 5 Years to 5 - 10 Years, where pay rises by about 40%. That is the point at which a credit risk analyst typically goes from "competent in the role" to "the person other people in the team learn from", and the market pays well for that step.

Credit risk analyst pay by education in United Kingdom

Education sits alongside experience as one of the biggest factors driving credit risk analyst pay in United Kingdom. Higher qualifications consistently pull higher salaries, but the size of the gap tends to be smallest at junior levels and widens as people move up. Two people in the same role with the same years of experience but different degrees can end up earning very different money once they reach mid-career.

Below is the average credit risk analyst salary in United Kingdom broken down by the highest level of education a worker has completed.

  • Bachelor's Degree
    65,500 GBP
  • Master's Degree
    +58% from previous
    103,600 GBP

Credit risk analyst gender pay gap in United Kingdom

The gender pay gap is a stubborn feature of almost every labour market, and United Kingdom is no exception. Male credit risk analysts in United Kingdom earn an average of 91,700 GBP a year, while female credit risk analysts earn around 87,500 GBP. That works out to a 5% gap in favour of men, even when comparing people doing the same work.

A pay gap of this size has a real long-term cost. Over a typical thirty-year career it can add up to several years of pay, and it compounds through pensions, retirement contributions and bonus-linked stock. Some of the gap is explained by women being more likely to work part-time, take career breaks, or be steered toward lower-paying specialisations. Some of it is straightforward unequal pay for the same job, which is harder to defend.

Credit Risk Analyst gender pay gap

5%

Men earn this much more than women on average in United Kingdom.

Men 91,700 GBP
Women 87,500 GBP

Pay raises for a credit risk analyst in United Kingdom

Most countries hand out at least some kind of pay raise every year, typically when an employee's contract is reviewed or as a cost-of-living adjustment to keep wages roughly in step with inflation. The rhythm and size of those raises varies hugely between industries.

A typical worker doing this role in United Kingdom sees a raise of about 13% every 14 months, which works out to roughly 11% on an annual basis. That figure is the typical underlying rate; in years where inflation runs high you can usually expect a bit more, and in flat-economy years a bit less.

Across all jobs in United Kingdom, the national average raise is around 9% every 15 months.

By industry

Industries with the highest pay raises in United Kingdom:

  • Banking
  • Energy
  • Information Technology
  • Healthcare
  • Travel
  • Construction
  • Education

By experience level

Experienced workers tend to see larger raises. Retaining a senior is cheaper than replacing them, so employers fight harder for them.

  • Junior Level
    3% - 5%
  • Mid-Career
  • Senior Level
  • Top Management

Credit risk analyst bonus rates in United Kingdom

Bonuses are the other half of total compensation, and they vary a lot between jobs and industries. Some roles are paid almost entirely in base salary; others lean heavily on bonus structures tied to revenue, project completion or company performance. Whether a job pays a bonus, how big it is, and how often it lands all factor into whether the headline salary is actually a good offer.

84%

84% of credit risk analysts in United Kingdom reported a bonus of some kind in the past twelve months. That makes a credit risk analyst a high-bonus role overall, which is useful context when you're weighing up a job offer where the base is below market.

Among those who did receive a bonus, the size of the payment varied substantially. Reported bonuses ranged from 5% to 9% of base salary. The remaining 16% of credit risk analysts reported no bonus at all over the same period.

Which careers pay bonuses in United Kingdom

Revenue-facing roles tend to pay the biggest bonuses. Operational and support roles tend toward smaller, more predictable ones.

  • Finance
  • Architecture
  • Sales
  • Business Development
  • Marketing / Advertising
  • Information Technology
  • Healthcare
  • Insurance
  • Customer Service
  • Human Resources
  • Construction
  • Transport
  • Hospitality

Credit risk analyst: public vs private sector pay

Public-sector pay in United Kingdom is about 7% more than private-sector pay for similar work. The private sector typically offers stronger upside and bigger bonuses; the public sector typically offers better benefits and stability.

Public vs private pay gap

6%

Public-sector workers earn this much more than private-sector workers in United Kingdom on average.

Public sector 72,700 GBP
Private sector 68,200 GBP

Credit risk analyst salary by city and region in United Kingdom

Credit risk analyst pay is not even across United Kingdom. The chart below shows the highest-paying cities and regions in the dataset, followed by the full location table.

  • England
  • Scotland
  • Leeds
  • London
  • Glasgow
  • Bristol
  • Somerset
  • Nottingham
  • Liverpool
  • Sheffield
LocationTypeAverageMedianRange
EnglandRegion176,300 GBP177,200 GBP85,500-272,900 GBP
ScotlandRegion124,500 GBP124,500 GBP63,200-191,500 GBP
LeedsCity105,800 GBP102,700 GBP51,900-160,600 GBP
LondonCity105,800 GBP114,600 GBP49,400-166,600 GBP
GlasgowCity105,200 GBP103,600 GBP54,600-160,600 GBP
BristolCity100,700 GBP102,700 GBP49,800-158,900 GBP
SomersetCity99,700 GBP93,200 GBP52,300-151,800 GBP
NottinghamCity99,100 GBP99,100 GBP48,500-153,800 GBP
LiverpoolCity98,700 GBP90,900 GBP53,300-146,900 GBP
SheffieldCity98,300 GBP103,600 GBP48,500-157,600 GBP
BradfordCity97,400 GBP105,200 GBP44,500-153,700 GBP
CardiffCity97,300 GBP88,700 GBP53,300-150,100 GBP
BirminghamCity97,300 GBP107,300 GBP46,300-157,600 GBP
EdinburghCity96,400 GBP96,400 GBP50,000-151,800 GBP
CoventryCity96,000 GBP91,700 GBP51,800-148,300 GBP
NewcastleCity95,600 GBP100,700 GBP48,600-152,900 GBP
ManchesterCity95,400 GBP102,700 GBP43,800-152,900 GBP
LeicesterCity95,200 GBP92,100 GBP49,700-148,300 GBP
Kingston upon HullCity94,500 GBP94,500 GBP45,800-148,300 GBP
WolverhamptonCity93,100 GBP98,300 GBP42,800-148,300 GBP
YorkCity92,600 GBP98,300 GBP43,800-150,100 GBP
BelfastCity92,300 GBP95,300 GBP46,400-142,300 GBP
DundeeCity92,300 GBP95,300 GBP46,400-142,300 GBP
PeterboroughCity92,100 GBP88,000 GBP49,400-142,100 GBP
LincolnCity92,000 GBP84,800 GBP47,400-139,100 GBP
ExeterCity91,900 GBP94,300 GBP41,500-142,300 GBP
ArmaghCity90,900 GBP94,200 GBP45,000-142,300 GBP
DerbyCity90,000 GBP83,700 GBP46,700-134,700 GBP
AberdeenCity89,400 GBP95,000 GBP45,100-140,200 GBP
BrightonCity89,400 GBP95,000 GBP45,100-140,200 GBP
PlymouthCity89,200 GBP85,100 GBP49,000-138,700 GBP
HartlepoolCity88,600 GBP88,300 GBP43,400-138,700 GBP
SouthamptonCity88,400 GBP88,400 GBP45,000-137,100 GBP
SwanseaCity88,400 GBP90,900 GBP42,700-139,100 GBP
PooleCity87,800 GBP80,500 GBP47,400-134,100 GBP
GloucesterCity87,300 GBP88,600 GBP39,800-134,100 GBP
DerryCity86,600 GBP86,600 GBP45,100-134,100 GBP
NewportCity86,400 GBP92,100 GBP39,800-134,700 GBP
PortsmouthCity86,100 GBP93,600 GBP40,300-141,000 GBP
NorwichCity86,100 GBP84,300 GBP42,400-130,400 GBP
OxfordCity86,100 GBP85,400 GBP43,800-134,100 GBP
WinchesterCity84,800 GBP79,800 GBP44,500-130,500 GBP
WalesRegion84,500 GBP85,700 GBP41,100-130,500 GBP
NewryCity84,300 GBP83,400 GBP44,700-130,400 GBP
StirlingCity83,300 GBP75,400 GBP45,600-125,400 GBP
CambridgeCity83,300 GBP83,300 GBP40,200-127,600 GBP
Northern IrelandRegion83,000 GBP83,700 GBP41,500-130,500 GBP
CanterburyCity81,000 GBP79,600 GBP40,700-123,800 GBP
RiponCity80,800 GBP85,100 GBP38,700-127,700 GBP
LisburnCity80,800 GBP79,600 GBP42,000-124,500 GBP
DurhamCity80,500 GBP88,600 GBP36,700-130,500 GBP
KirkwallCity79,800 GBP77,300 GBP42,800-123,000 GBP
SalisburyCity78,900 GBP79,800 GBP38,100-124,500 GBP
StromnessCity78,700 GBP87,300 GBP34,800-127,700 GBP
InvernessCity78,700 GBP74,700 GBP42,600-121,800 GBP
WakefieldCity78,700 GBP74,700 GBP40,200-121,800 GBP
TruroCity78,700 GBP79,700 GBP38,900-124,500 GBP
ChesterCity78,500 GBP74,300 GBP40,700-123,000 GBP
St DavidsCity78,200 GBP80,500 GBP34,800-123,000 GBP
AbingdonCity76,900 GBP73,500 GBP39,800-117,100 GBP
WellsCity76,800 GBP74,000 GBP42,600-117,100 GBP
BangorCity74,200 GBP71,600 GBP41,700-116,400 GBP
StrontianCity72,300 GBP77,100 GBP33,800-115,600 GBP

Credit Risk Analyst in United Kingdom: FAQs

  • How much does a credit risk analyst make per month in United Kingdom?

    A credit risk analyst in United Kingdom earns about 7,441 GBP a month before tax, based on an annual average of 89,300 GBP.

  • What's the salary range for a credit risk analyst in United Kingdom?

    Entry-level credit risk analysts in United Kingdom start near 45,000 GBP. Top-end pay reaches around 138,700 GBP. The middle 50% of earners sit between 61,400 and 114,300 GBP.

  • Is the median credit risk analyst salary in United Kingdom higher or lower than the average?

    The median is 89,200 GBP, lower than the average of 89,300 GBP. Half of credit risk analysts in United Kingdom earn below the median, half earn above it.

  • What's the gender pay gap for credit risk analysts in United Kingdom?

    Men working as a credit risk analyst in United Kingdom earn around 5% more than women on average (91,700 vs 87,500 GBP a year).

  • Do credit risk analysts in United Kingdom get bonuses?

    About 84% of credit risk analysts in United Kingdom reported a bonus in the past 12 months. Reported bonuses ranged from 5% to 9% of base salary.

  • Do credit risk analysts earn more in the public or private sector in United Kingdom?

    In United Kingdom, the public sector pays a credit risk analyst about 7% more on average. Public-sector pay tends to be steadier; private-sector pay tends to offer bigger upside.

  • How often do credit risk analysts in United Kingdom get a pay raise?

    A credit risk analyst in United Kingdom sees a raise of around 13% every 14 months, equivalent to roughly 11% a year.