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Credit Risk Analyst Average Salary in Greece 2023

How much money does a Credit Risk Analyst make in Greece?

Average Monthly Salary
2,820 EUR
( 33,800 EUR yearly)


A person working as a Credit Risk Analyst in Greece typically earns around 2,820 EUR per month. Salaries range from 1,380 EUR (lowest) to 4,400 EUR (highest).

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

Credit Risk Analyst Salary Distribution in Greece

Median and salary distribution monthly Greece Credit Risk Analyst
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The median, the maximum, the minimum, and the range

  • Salary Range

    Credit Risk Analyst salaries in Greece range from 1,380 EUR per month (minimum salary) to 4,400 EUR per month (maximum salary).

  • Median Salary

    The median salary is 2,880 EUR per month, which means that half (50%) of people working as Credit Risk Analyst(s) are earning less than 2,880 EUR while the other half are earning more than 2,880 EUR. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Credit Risk Analyst(s) are earning less than 1,920 EUR while 75% of them are earning more than 1,920 EUR. Also from the diagram, 75% of Credit Risk Analyst(s) are earning less than 3,710 EUR while 25% are earning more than 3,710 EUR.

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

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning 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

Credit Risk Analyst Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Greece 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 your wage. We broke down Credit Risk Analyst salaries by experience level and this is what we found.

A Credit Risk Analyst with less than two years of experience makes approximately 1,640 EUR per month.

While someone with an experience level between two and five years is expected to earn 2,110 EUR per month, 29% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 2,900 EUR per month, 38% more than someone with two to five 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.

Additionally, Credit Risk Analyst(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 3,600 EUR per month, 24% 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 3,850 EUR per month, 7% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 4,110 EUR per month, 7% more than people with fifteen to twenty years of experience.

Credit Risk Analyst average salary change by experience in Greece

0 - 2 Years
1,640 EUR
2 - 5 Years+29%
2,110 EUR
5 - 10 Years+38%
2,900 EUR
10 - 15 Years+24%
3,600 EUR
15 - 20 Years+7%
3,850 EUR
20+ Years+7%
4,110 EUR
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

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

How do education levels affect salaries?

Displayed below is the average salary difference between different Credit Risk Analyst(s) who have the same experience but different education levels.

Salary comparison by education level monthly Greece 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 Credit Risk Analyst salaries by education level in order to make a comparison.

When the education level is Bachelor's Degree, the average salary of a Credit Risk Analyst is 2,050 EUR per month.

While someone with a Master's Degree gets a salary of 3,280 EUR per month, 60% more than someone having a Bachelor's Degree degree.

Credit Risk Analyst average salary difference by education level in Greece

Bachelor's Degree
2,050 EUR
Master's Degree+60%
3,280 EUR
Percentage increase and decrease are relative to the previous value

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 Greece costs anywhere from 12,200 Euro(s) to 36,500 Euro(s) 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 into a higher paying job. The numbers seem to support the thoery. 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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Credit Risk Analyst Salary Comparison By Gender

Salary comparison by gender monthly Greece Credit Risk Analyst
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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? Male Credit Risk Analyst employees in Greece earn 7% more than their female counterparts on average.

2,900 EUR
2,710 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Greece for all Careers

Salary comparison by gender monthly Greece
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Credit Risk Analyst Average Annual Salary Increment Percentage in Greece

How much are annual salary increments in Greece for Credit Risk Analyst(s)? How often do employees get salary raises?

Credit Risk Analyst

Credit Risk Analyst(s) in Greece are likely to observe a salary increase of approximately 13% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 16 months.

Annual Salary Increment Rate Greece 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.

Greece / All Professions

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely 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 Greece is 7%.

Annual Increment Rate By Industry 2022

Information Technology

Listed above are the average annual increase rates for each industry in Greece for the year 2022. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.

Worldwide Salary Raises: All Countries and All Jobs

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Credit Risk Analyst Bonus and Incentive Rates in Greece

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Greece Credit Risk Analyst
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A Credit Risk Analyst is considered to be a high bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

18% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 82% 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
No Bonus

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.

A graphics designer working for a graphics designing company.

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.

Credit Risk Analyst Average Hourly Wage in Greece

16 EUR per hour

The average hourly wage (pay per hour) in Greece is 16 EUR. This means that the average Credit Risk Analyst in Greece earns approximately 16 EUR for every worked hour.

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

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 fix 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.

Credit Risk Analyst VS Other Jobs

Salary Comparison Between Credit Risk Analyst and Banking monthly Greece
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The average salary for Credit Risk Analyst is 7% more than that of Banking. Also, Banking salaries are 9% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
AML Analyst3,580 EUR+27%
Assistant Bank Branch Manager3,020 EUR+7%
Assistant Bank Manager3,970 EUR+41%
ATM Manager3,300 EUR+17%
ATM Service Technician990 EUR-65%
Bank Accounts Analyst1,370 EUR-51%
Bank Accounts Controller1,800 EUR-36%
Bank Accounts Executive2,620 EUR-7%
Bank Accounts Manager2,990 EUR+6%
Bank Auditing Manager3,140 EUR+11%
Bank Branch Manager4,190 EUR+49%
Bank Clerk790 EUR-72%
Bank Compliance Specialist2,140 EUR-24%
Bank Manager5,130 EUR+82%
Bank Operational Risk Manager4,740 EUR+68%
Bank Operations Head4,890 EUR+74%
Bank Operations Officer1,960 EUR-30%
Bank Operations Specialist3,150 EUR+12%
Bank Process Manager2,680 EUR-5%
Bank Product Manager 3,060 EUR+9%
Bank Programme Manager3,300 EUR+17%
Bank Project Manager3,760 EUR+33%
Bank Propositions Manager3,680 EUR+31%
Bank Quantitative Analyst2,440 EUR-13%
Bank Regional Manager4,940 EUR+75%
Bank Regional Risk Officer2,470 EUR-12%
Bank Relationship Manager3,560 EUR+26%
Bank Relationship Officer1,640 EUR-42%
Banker1,770 EUR-37%
Banking Business Analyst2,600 EUR-8%
Banking Business Development Officer1,660 EUR-41%
Banking Business Planning Executive3,640 EUR+29%
Banking Product Manager3,100 EUR+10%
Banking Reference Data Manager2,690 EUR-5%
Banking Risk Analyst2,630 EUR-7%
Banking Technical Analyst1,330 EUR-53%
Bankruptcy Coordinator1,850 EUR-34%
Budget Analyst2,450 EUR-13%
Cards Marketing Manager3,230 EUR+15%
Cash Management Manager4,580 EUR+63%
Check Processing Manager3,330 EUR+18%
Commercial Vault Associate2,540 EUR-10%
Corporate Dealer2,770 EUR-2%
Credit Analyst1,900 EUR-33%
Credit and Collections Manager3,600 EUR+28%
Credit Card Fraud Investigator2,710 EUR-4%
Credit Portfolio Manager4,920 EUR+75%
Credit Risk Analyst2,820 EUR+0%
Credit Risk Associate2,620 EUR-7%
Direct Bank Sales Representative1,830 EUR-35%
Financial Bank Planning Consultant3,140 EUR+11%
Financial Banking Analysis Manager3,680 EUR+31%
Financial Banking Assistant1,170 EUR-58%
Financial Banking Systems Manager3,650 EUR+30%
Foreign Exchange Manager3,840 EUR+36%
Fraud Analyst2,760 EUR-2%
Fraud Detection Associate1,870 EUR-34%
Fraud Detection Manager3,980 EUR+41%
Fraud Detection Supervisor2,230 EUR-21%
Internal Bank Audit Manager4,490 EUR+59%
Internal Bank Auditor2,600 EUR-8%
International Banking Manager5,410 EUR+92%
Loan Analyst2,590 EUR-8%
Loan Area Manager3,230 EUR+15%
Loan Audit Team Leader3,030 EUR+8%
Loan Branch Manager2,950 EUR+5%
Loan Business Development Officer1,570 EUR-44%
Loan Clerk900 EUR-68%
Loan Collection Manager3,000 EUR+6%
Loan Collector880 EUR-69%
Loan Examiner1,150 EUR-59%
Loan Processing Manager2,790 EUR-1%
Loan Processor1,150 EUR-59%
Loan Quality Assurance Auditor2,540 EUR-10%
Loan Quality Assurance Manager2,780 EUR-1%
Loan Quality Assurance Representative2,010 EUR-29%
Loan Review Manager2,990 EUR+6%
Loan Team Leader2,630 EUR-7%
Mortgage Advisor1,780 EUR-37%
Mortgage Collection Manager2,960 EUR+5%
Mortgage Collector810 EUR-71%
Mortgage Credit Analyst1,300 EUR-54%
Mortgage Credit Manager2,970 EUR+5%
Mortgage Development Manager3,350 EUR+19%
Mortgage Document Reviewer1,120 EUR-60%
Mortgage Funding Manager3,280 EUR+16%
Mortgage Operations Manager4,470 EUR+59%
Mortgage Payment Processing Clerk970 EUR-66%
Mortgage Processing Manager2,850 EUR+1%
Mortgage Processor1,100 EUR-61%
Mortgage Quality Assurance Auditor2,470 EUR-12%
Mortgage Quality Assurance Manager2,780 EUR-1%
Mortgage Servicing Clerk930 EUR-67%
Mortgage Servicing Manager2,900 EUR+3%
Mortgage Underwriter1,130 EUR-60%
Online Banking Manager4,520 EUR+60%
Payment Processing Clerk910 EUR-68%
Personal Banker1,930 EUR-32%
Personal Banking Advisor 1,900 EUR-33%
Phone Banker1,190 EUR-58%
Private Banker1,820 EUR-35%
Reconciliation and Investigation Specialist2,190 EUR-22%
Teller900 EUR-68%
Trade Officer1,040 EUR-63%
Trade Product Manager2,930 EUR+4%
Trader1,210 EUR-57%
Treasury Operations Officer2,350 EUR-17%

Salary Comparison By City

CityAverage Salary
Athens3,280 EUR

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Greece earn 6% more than their private sector counterparts on average across all sectors.

Private Sector
2,370 EUR
Public Sector+6%
2,520 EUR
Percentage increase and decrease are relative to the previous value

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