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Associate Credit Analyst Jobs in Illinois (NOW HIRING)

Apply knowledge of credit analysis, asset-based lending and capital markets activity. * Mentor more ... ABL Associate Total Base Pay Range 71,100.00 - 145,900.00 USD Annual At Fifth Third, we understand ...

Apply knowledge of credit analysis, asset-based lending and capital markets activity. * Mentor more ... ABL Associate Total Base Pay Range 71,100.00 - 145,900.00 USD Annual At Fifth Third, we understand ...

Apply knowledge of credit analysis, asset-based lending and capital markets activity. * Mentor more ... ABL Associate Total Base Pay Range 71,100.00 - 145,900.00 USD Annual At Fifth Third, we understand ...

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Associate Credit Analyst information

See Illinois salary details

$14

$28

$47

How much do associate credit analyst jobs pay per hour?

As of Sep 7, 2026, the average hourly pay for associate credit analyst in Illinois is $29.00, according to ZipRecruiter salary data. Most workers in this role earn between $22.36 and $32.60 per hour, depending on experience, location, and employer.

What does an associate credit analyst do?

An Associate Credit Analyst is responsible for evaluating the creditworthiness of individuals or companies applying for loans or credit lines. They analyze financial statements, credit reports, and economic data to assess risks and make recommendations on lending decisions. Their work helps financial institutions minimize losses by identifying potential credit risks and ensuring that lending policies are followed. Associate Credit Analysts often work under the supervision of senior analysts and may assist in preparing credit reports and presentations for management.

What are the key skills and qualifications needed to thrive as an associate credit analyst, and why are they important?

To thrive as an Associate Credit Analyst, you need strong analytical skills, a solid understanding of financial statements, and typically a bachelor's degree in finance, accounting, or a related field. Familiarity with credit risk modeling software, Excel, and financial databases such as Bloomberg or S&P Capital IQ is essential. Attention to detail, effective communication, and the ability to work under tight deadlines are standout soft skills in this role. These competencies are crucial for accurately assessing creditworthiness, supporting sound lending decisions, and ensuring risk is managed effectively.

What are some common challenges faced by associate credit analysts when evaluating new credit applications?

Associate Credit Analysts often encounter challenges such as analyzing incomplete or inconsistent financial data, assessing the creditworthiness of applicants with limited credit history, and balancing risk with business growth objectives. They must also stay updated with industry trends and regulatory changes that can impact credit risk. Effective communication with senior analysts and other departments is crucial for gathering necessary information and ensuring accurate assessments.

What is the difference between Associate Credit Analyst vs Credit Analyst?

AspectAssociate Credit AnalystCredit Analyst
Required CredentialsBachelor's degree, some certifications (e.g., CFA, credit analysis courses)Bachelor's degree, often similar certifications
Work EnvironmentEntry-level, team-based, financial institutions or corporationsMid-level, analytical, banking or finance sectors
Employer & Industry UsageFinancial services, banks, credit agenciesBanks, investment firms, credit departments
Common Search & ComparisonYesYes

The Associate Credit Analyst typically performs entry-level credit assessments, supporting senior analysts. Credit Analysts handle more complex evaluations and decision-making. Both roles require similar educational backgrounds and certifications, but Credit Analysts usually have more experience and responsibility.

Are associate credit analysts paid well?

Associate credit analysts typically earn a median annual salary that is competitive within the finance industry, with pay often increasing with experience and certifications such as the CFA. Salaries can vary based on location, company size, and individual performance, but generally, the role offers a solid starting point for a career in credit analysis and financial services.

Is an associate credit analyst entry level?

An associate credit analyst is typically an entry-level position in the finance and credit analysis field. It often requires a bachelor's degree in finance, accounting, or a related field, and involves tasks such as assessing creditworthiness and supporting senior analysts. Advancement usually depends on experience, skills, and certifications like the CFA or credit analysis training.

What are the most commonly searched types of Credit Analyst jobs in Illinois?

The most popular types of Credit Analyst jobs in Illinois are:

What are popular job titles related to Associate Credit Analyst jobs in Illinois?

For Associate Credit Analyst jobs in Illinois, the most frequently searched job titles are:

What job categories do people searching Associate Credit Analyst jobs in Illinois look for?

The top searched job categories for Associate Credit Analyst jobs in Illinois are:

What cities in Illinois are hiring for Associate Credit Analyst jobs?

Cities in Illinois with the most Associate Credit Analyst job openings:

Structured Finance - Structured Credit & CLOs, Associate Director (Chicago)

Fitch Solutions

Chicago, IL โ€ข Hybrid

Full-time

Retirement

Re-posted 24 days ago


Job description

As one of the world's top three credit ratings agencies, Fitch Ratings plays a critical role in global capital markets by providing supplementary credit analysis, ratings, research, and commentary to financial market participants. For over 100 years, Fitch Ratings has been creating value for global markets through its rigorous analysis and deep expertise, which have resulted in a variety of market leading tools, methodologies, indices, research, and analytical products. Fitch Ratings is part of Fitch Group, a global leader in financial information services with operations in more than 30 countries, which also includes Fitch Solutions. With dual headquarters in London and New York, Fitch Group is owned by Hearst.


At Fitch Ratings, credit analysts play a pivotal role in moving markets, as quality credit analysis is the lifeblood of our organization. With a legacy of over a century, our unique approach to credit ratings offers unmatched opportunities for professional growth. Embracing a "challenger mindset," you'll join a team dedicated to innovating service to our clients. Our people-driven analysis thrives on collaboration across all levels and locations, surpassing traditional financial modeling. Lastly, as part of our global community, you'll find inspiration, challenge, and support, with ample opportunities for visibility and influence in the global financial marketplace.


Want to learn more about a career as a credit analyst at Fitch Ratings? Visit: https://careers.fitch.group


Fitch Ratings is seeking an Associate Director to join its Structured Credit & CLOs group in our Chicago office.

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About the Team:

  • A collaborative, team-oriented work environment where excellent communication skills are essential
  • An opportunity to be a lead coverage analyst at a global rating agency
  • A role that aids debt capital markets in making more informed decisions through timely, insightful, and forward-looking rating actions and research

How You'll Make an Impact:

  • Analyze ratings on Collateralized Loan Obligations (CLOs) using proprietary models
  • Prepare and present rating conclusions to a credit committee
  • Draft rating action commentary reports to communicate rating decisions to market participants
  • Contribute to recurring and special research publications

You May be a Good Fit if:

  • Bachelor's or Master's degree in a quantitative discipline (finance, accounting, economics, etc.)
  • At least fourย years of experience in the financial industry, with a preference for experience related to CLOs or Structured Finance
  • Strong analytical thinking, intellectual curiosity, and attention to detail
  • High level of personal responsibility, initiative, and self-management
  • Ability to communicate complex subjects accurately and succinctly
  • Interest in capital markets and structured finance
  • Proficiency with Microsoft Office suite; knowledge of programming languages is a plus but not required

What Would Make You Stand Out:

  • Critical thinking and meticulous attention to detail
  • Strong sense of personal responsibility and initiative
  • Ability to convey complex subjects clearly and concisely
  • Open-mindedness and ability to understand alternative viewpoints
  • Keen interest in structured finance and CLOs

Why Choose Fitch:

  • Hybrid Work Environment: 3 days a week in office required based on your line of business and location.
  • A Culture of Learning & Mobility: Dedicated trainings, leadership development and mentorship programs designed to ensure that your time at Fitch will be a continuous learning opportunity.
  • Investing in Your Future: Retirement planning and tuition reimbursement programs that empower you to achieve your short and long-term goals.
  • Promoting Health & Wellbeing: Comprehensive healthcare offerings that enable physical, mental, financial, social, and occupational wellbeing.
  • Supportive Parenting Policies: Family-friendly policies, including a generous global parental leave plan, designed to help you balance career and family life effectively.
  • Inclusive Work Environment: A collaborative workplace where all voices are valued, with Employee Resource Groups that unite and empower our colleagues around the globe.
  • Dedication to Giving Back: Paid volunteer days, matched funding for donations and ample opportunities to volunteer in your community.

Fitch is committed to providing global securities markets with objective, timely, independent and forward-looking credit opinions. To protect Fitch's credibility and reputation, our employees must take every precaution to avoid conflicts of interest or any appearance of a conflict of interest. Should you be successful in the recruitment process at Fitch Ratings you will be asked to declare any securities holdings and other potential conflicts prior to commencing employment. If you, or your immediate family, have any holdings that may conflict with your work responsibilities, you may be asked to divest yourself of them before beginning work.
Fitch is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.

FOR CHICAGO: Expected base pay rates for the role are between $105,000 and $135,000 per year. Actual salaries will be determined on an individual basis and may vary based on factors including, but not limited to, education, training, experience, past performance, and other job-related considerations. Base pay is one component of Fitch's total compensation package, which may also include commission earnings, discretionary bonuses, long-term incentives, and other benefits sponsored by Fitch, depending on the position.ย 

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