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Credit Risk Analyst Average Salary in Germany 2024

How much money does a person working as Credit Risk Analyst make in Germany?


Average Monthly Salary
4,680 EUR
( 56,200 EUR yearly)

LOW
2,150
EUR
AVERAGE
4,680
EUR
HIGH
7,440
EUR
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Credit Risk Analyst in Germany typically earns around 4,680 EUR. Salaries range from 2,150 EUR (lowest) to 7,440 EUR (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Credit Risk Analyst salaries in Germany vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Credit Risk Analyst Pay Scale and Salaries in Germany

Median and salary distribution Germany Credit Risk Analyst monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
4,440 EUR or more
10% of people earn
3,890 to 4,440 EUR
20% of people earn
2,680 EUR or less
65% of people earn
2,680 to 3,890 EUR
Minimum Salary
2,150 EUR
Median
4,470 EUR
Maximum
7,440 EUR




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Credit Risk Analyst in Germany range from 2,150 EUR (starting salary) to 7,440 EUR (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 4,470 EUR, half of the professionals who work as Credit Risk Analyst in Germany earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Credit Risk Analyst in Germany earn less than 3,610 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 5,160 EUR while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Credit Risk Analyst in Germany compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 2,680 EUR to 3,890 EUR. About 20% of salaries are below the 2,680 EUR mark, while 10% fall within the range of 3,890 EUR to 4,440 EUR. Only 5% of individuals have salaries exceeding 4,440 EUR.

Salary Comparison by Years of Experience / Credit Risk Analyst / Germany

How do experience and age affect pay?

0 - 2 Years
2,440 EUR
2 - 5 Years+34%
3,260 EUR
5 - 10 Years+48%
4,820 EUR
10 - 15 Years+22%
5,880 EUR
15 - 20 Years+9%
6,410 EUR
20+ Years+8%
6,940 EUR
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Germany Credit Risk Analyst
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The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Credit Risk Analyst and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 2,440 EUR.

While someone with an experience level between two and five years is expected to earn 3,260 EUR, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 4,820 EUR, 48% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 5,880 EUR, 22% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 6,410 EUR, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 6,940 EUR, 8% more than people with fifteen to twenty years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Credit Risk Analyst / Germany

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Credit Risk Analyst.

Bachelor's Degree
2,840 EUR
Master's Degree+93%
5,490 EUR
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Germany Credit Risk Analyst
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Credit Risk Analyst in order to make a comparison.


Level 1: Bachelor's Degree

Employees at this education level have an average salary of 2,840 EUR.


Level 2: Master's Degree

At this level, the average salary becomes 5,490 EUR, 93% more than the previous level.



Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Germany costs anywhere from 19,100 EUR to 57,400 EUR and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Salary and Compensation Comparison By Gender / Credit Risk Analyst / Germany

Salary comparison by gender Germany Credit Risk Analyst monthly
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Credit Risk Analyst in Germany, the average difference between the salary of male and female employees is 6%.

Male
4,820 EUR
Female-6%
4,540 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Germany for all Careers

Salary comparison by gender monthly Germany
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Average Annual Salary Increment Percentage / Credit Risk Analyst / Germany

How much are annual salary increments in Germany for individuals working as Credit Risk Analyst? How often do employees get salary raises?

Individuals working as Credit Risk Analyst in Germany are likely to observe a salary increase of approximately 12% every 15 months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.

Annual Salary Increment Rate Germany Credit Risk Analyst
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Germany / All Professions

Annual Salary Increment Rate Germany
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

The average salary increase in one year (12 months) in Germany is 6%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Credit Risk Analyst / Germany

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Germany Credit Risk Analyst
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13% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 87% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.

Received Bonus
87%
No Bonus
13%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Average Hourly Wage / Credit Risk Analyst / Germany


27 EUR per hour

The average hourly wage (pay per hour) for individuals working as Credit Risk Analyst in Germany is 27 EUR.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Credit Risk Analyst in Germany is 12 EUR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Banking-100%
AML Analyst5,780 EUR+23%
Assistant Bank Branch Manager4,780 EUR+2%
Assistant Bank Manager6,390 EUR+37%
ATM Manager5,300 EUR+13%
ATM Service Technician1,430 EUR-69%
Bank Accounts Analyst2,180 EUR-53%
Bank Accounts Collector1,290 EUR-72%
Bank Accounts Controller2,640 EUR-44%
Bank Accounts Executive4,240 EUR-9%
Bank Accounts Manager4,830 EUR+3%
Bank Auditing Manager5,000 EUR+7%
Bank Branch Manager6,650 EUR+42%
Bank Branch Operations Coordinator3,030 EUR-35%
Bank Clerk1,230 EUR-74%
Bank Client Service Associate1,880 EUR-60%
Bank Collector1,300 EUR-72%
Bank Compliance Specialist3,310 EUR-29%
Bank Manager8,000 EUR+71%
Bank Operational Risk Manager7,580 EUR+62%
Bank Operations Head7,680 EUR+64%
Bank Operations Officer2,980 EUR-36%
Bank Operations Specialist4,910 EUR+5%
Bank Process Manager4,370 EUR-7%
Bank Product Manager 4,800 EUR+3%
Bank Programme Manager5,220 EUR+12%
Bank Project Manager6,060 EUR+29%
Bank Propositions Manager5,710 EUR+22%
Bank Quantitative Analyst4,090 EUR-13%
Bank Regional Manager7,980 EUR+70%
Bank Regional Risk Officer4,220 EUR-10%
Bank Relationship Manager5,740 EUR+23%
Bank Relationship Officer2,710 EUR-42%
Bank Sustainability Analyst4,370 EUR-7%
Bank Teller1,390 EUR-70%
Banker2,790 EUR-40%
Banking Business Analyst4,090 EUR-13%
Banking Business Development Officer2,610 EUR-44%
Banking Business Planning Executive5,540 EUR+18%
Banking Data Analyst4,860 EUR+4%
Banking Product Manager4,960 EUR+6%
Banking Reference Data Manager4,330 EUR-7%
Banking Regulatory Compliance Officer4,900 EUR+5%
Banking Risk Analyst3,860 EUR-18%
Banking Technical Analyst2,040 EUR-56%
Bankruptcy Coordinator2,860 EUR-39%
Bill and Account Collector1,400 EUR-70%
Blockchain Analyst3,530 EUR-25%
Blockchain Architect4,020 EUR-14%
Blockchain Auditor3,490 EUR-25%
Blockchain Compliance Analyst3,540 EUR-24%
Blockchain Consultant4,020 EUR-14%
Blockchain Trade Facilitator3,170 EUR-32%
Budget Analyst3,860 EUR-18%
Capital Risk Manager7,450 EUR+59%
Cards Marketing Manager5,150 EUR+10%
Cash Management Manager7,150 EUR+53%
Check Processing Manager5,190 EUR+11%
Chief Blockchain Officer4,640 EUR-1%
Commercial Vault Associate3,750 EUR-20%
Corporate Banker2,950 EUR-37%
Corporate Dealer4,190 EUR-10%
Credit Analyst3,250 EUR-31%
Credit and Collections Manager5,540 EUR+18%
Credit Card Fraud Investigator4,160 EUR-11%
Credit Portfolio Manager7,790 EUR+66%
Credit Risk Analyst4,680 EUR-0%
Credit Risk Associate4,250 EUR-9%
Cryptocurrency Accountant2,610 EUR-44%
Cryptocurrency Adviser4,980 EUR+6%
Cryptocurrency Analyst3,660 EUR-22%
Cryptocurrency Compliance Manager4,460 EUR-5%
Cryptocurrency Trader4,330 EUR-7%
Digital Banking Manager5,550 EUR+19%
Digital Currency Analyst4,080 EUR-13%
Direct Bank Sales Representative2,800 EUR-40%
Exchange Control Consultant4,400 EUR-6%
Executive Account Analyst4,050 EUR-13%
Financial Bank Planning Consultant5,360 EUR+15%
Financial Banking Analysis Manager6,180 EUR+32%
Financial Banking Assistant1,970 EUR-58%
Financial Banking Systems Manager5,520 EUR+18%
Foreign Exchange Manager5,790 EUR+24%
Fraud Analyst4,350 EUR-7%
Fraud Detection Associate2,810 EUR-40%
Fraud Detection Manager6,160 EUR+32%
Fraud Detection Supervisor3,680 EUR-21%
Internal Bank Audit Manager7,400 EUR+58%
Internal Bank Auditor3,860 EUR-18%
Internal Private Banker3,050 EUR-35%
International Banking Manager8,000 EUR+71%
Investment Banking Analyst5,710 EUR+22%
Loan Analyst4,180 EUR-11%
Loan Area Manager4,730 EUR+1%
Loan Audit Team Leader4,430 EUR-5%
Loan Branch Manager4,760 EUR+2%
Loan Business Development Officer2,520 EUR-46%
Loan Clerk1,440 EUR-69%
Loan Collection and Recovery Manager4,700 EUR+0%
Loan Collection Manager4,800 EUR+3%
Loan Collector1,260 EUR-73%
Loan Examiner1,820 EUR-61%
Loan Officer1,590 EUR-66%
Loan Processing Manager4,410 EUR-6%
Loan Processor1,810 EUR-61%
Loan Quality Assurance Auditor3,990 EUR-15%
Loan Quality Assurance Manager4,350 EUR-7%
Loan Quality Assurance Representative3,140 EUR-33%
Loan Review Manager4,660 EUR-0%
Loan Team Leader4,080 EUR-13%
Loans Manager5,490 EUR+17%
Mortgage Advisor2,760 EUR-41%
Mortgage Collection Manager4,560 EUR-3%
Mortgage Collector1,380 EUR-71%
Mortgage Credit Analyst2,200 EUR-53%
Mortgage Credit Manager4,540 EUR-3%
Mortgage Development Manager5,100 EUR+9%
Mortgage Document Reviewer1,700 EUR-64%
Mortgage Funding Manager5,480 EUR+17%
Mortgage Operations Manager6,660 EUR+42%
Mortgage Payment Processing Clerk1,590 EUR-66%
Mortgage Processing Manager4,760 EUR+2%
Mortgage Processor1,840 EUR-61%
Mortgage Quality Assurance Auditor4,050 EUR-13%
Mortgage Quality Assurance Manager4,550 EUR-3%
Mortgage Servicing Clerk1,390 EUR-70%
Mortgage Servicing Manager4,340 EUR-7%
Mortgage Underwriter1,670 EUR-64%
Online Banking Manager6,670 EUR+42%
Open Banking Strategist4,290 EUR-8%
Payment Processing Clerk1,480 EUR-68%
Personal Banker3,040 EUR-35%
Personal Banking Advisor 2,910 EUR-38%
Phone Banker1,950 EUR-58%
Private Banker2,950 EUR-37%
Reconciliation and Investigation Specialist3,230 EUR-31%
Tax Officer2,460 EUR-47%
Teller1,320 EUR-72%
Trade Officer1,710 EUR-63%
Trade Product Manager4,810 EUR+3%
Trader1,970 EUR-58%
Treasury Operations Officer3,690 EUR-21%
Wealth Management Advisor5,910 EUR+26%

Salary Comparison By City

CityAverage Salary
Berlin5,090 EUR
Dortmund4,230 EUR
Frankfurt4,700 EUR
Hamburg5,240 EUR
Munchen4,890 EUR
Stuttgart4,740 EUR

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Germany is 5% on average across all career fields.

Private Sector
3,740 EUR
Public Sector+5%
3,910 EUR
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Credit Risk Analyst in Germany?

A good and competitive compensation would range anywhere between 4,470 EUR and 5,160 EUR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Credit Risk Analyst in Germany ranges from 2,150 EUR to 3,610 EUR. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary


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