How does a credit analyst salary compare to the national average?
If you are a credit analyst or considering the role, you probably want to know how the pay stacks up against the typical Australian full-time worker. The most recent national benchmark is the ABS Average Weekly Earnings for May 2026, which puts full-time adult ordinary-time earnings at $2,083.70 per week, or about $108,352 per year (multiplied by 52). This is the line that Average line uses as the national full-time average.
For credit analysts, the best available figure comes from the ABS Survey of Employee Earnings and Hours, May 2025, customised for the occupation group Credit and Loans Officers (ANZSCO 5522). That survey reports a median full-time weekly earnings of $1,806 for full-time non-managerial employees paid at the adult rate. That works out to roughly $93,912 per year (×52).
So the typical credit analyst earns about $277 per week less than the national full-time average, or about $14,400 less per year. The median is a different measure from the average – it represents the middle point where half earn more and half earn less – but it gives a clear picture: credit analyst pay sits below the national full-time ordinary-time average.
How does this compare to the minimum wage?
The national minimum wage from 1 July 2026 is $26.44 per hour, $1,004.90 per week on a 38-hour week, or about $52,255 per year. Award minimums rose by 4.75% in the 2026 Annual Wage Review. The credit analyst median of $1,806 per week is well above the minimum wage – about 80% higher. This reflects the skilled nature of the role, which typically requires experience in finance, analysis, and lending.
State-by-state comparison
Full-time average weekly ordinary-time earnings vary across states and territories, according to the ABS May 2026 release. Here is how the credit analyst median ($1,806/week) compares to each state’s full-time average:
- New South Wales: $2,108.80/week ($109,658/year) – credit analyst median is $303 below
- Victoria: $2,041.10/week ($106,137/year) – $235 below
- Queensland: $2,039.70/week ($106,064/year) – $234 below
- South Australia: $1,970.20/week ($102,450/year) – $164 below
- Western Australia: $2,227.40/week ($115,825/year) – $421 below
- Tasmania: $1,846.30/week ($96,008/year) – $40 below
- Northern Territory: $1,984.10/week ($103,173/year) – $178 below
- Australian Capital Territory: $2,290.20/week ($119,090/year) – $484 below
In every state and territory, the credit analyst median falls short of the local full-time average. The gap is smallest in Tasmania (about $40 per week) and largest in the ACT (about $484 per week). This suggests that credit analysts in higher-cost regions may face a larger pay gap relative to the broader workforce.
Industry context
The national full-time average also varies by industry. For example, the ABS reports that in May 2026, full-time adult ordinary-time earnings were:
- Professional, scientific & technical services: $2,389.60/week
- Financial & insurance services: not separately listed in the extract, but related industries like rental, hiring & real estate services were $1,979.60/week
- Health care & social assistance: $2,037.20/week
- Education & training: $2,197.90/week
- Other services: $1,621.70/week
Credit analysts are most likely employed in financial and insurance services, which tend to pay above the all-industries average. Yet the occupation-specific median of $1,806 is below the average for professional services and even below the average for health care. This may reflect the mix of employers and experience levels within the occupation.
Gender and the credit analyst workforce
The ABS data for Credit and Loans Officers shows that 57% of workers are female, compared to 48% across all occupations. The national full-time ordinary-time average for women is $1,934.50 per week (about $100,594 per year), while for men it is $2,181.00 per week (about $113,412 per year). The credit analyst median of $1,806 is below the female full-time average, meaning that even the typical female credit analyst earns less than the average female full-time worker across all occupations. This highlights a gender pay gap within the occupation as well as relative to the broader market.
How the figures are set
The national full-time average comes from the ABS Average Weekly Earnings survey, which is published twice a year (May and November). The May 2026 release showed a 3.7% annual increase in ordinary-time earnings. The credit analyst median comes from the ABS Survey of Employee Earnings and Hours, a different survey that captures medians for detailed occupations. That survey is conducted less frequently; the most recent available data is from May 2025. Medians are less affected by very high or low earners and give a better sense of the typical worker’s pay.
For award-covered credit analysts, minimum rates are set in modern awards such as the Banking, Finance and Insurance Award. The Fair Work Commission’s Modern Awards Pay Database contains the calculated minimum rates, allowances, and penalty rates. The 2026 data incorporates the 4.75% increase from the Annual Wage Review. However, many credit analysts are employed under enterprise agreements or individual contracts that pay above the award.
Where to go from here
If you want to see how your own salary compares, you can place a salary on the line and see where it sits relative to the national full-time average. You can also explore state and territory averages to see how location affects pay, or browse job medians for other occupations. For a deeper look at how the national average is calculated, visit how the figures are set. And if you are curious about the methodology behind the site, see about this site.
Summary
The credit analyst median full-time salary of $1,806 per week is below the national full-time average of $2,083.70 per week. It is above the minimum wage but below the average for most states and for the professional services industry. The occupation has a higher share of female workers than the workforce overall, and the median is below the female full-time average. These figures provide a useful benchmark for anyone negotiating a salary or considering a career as a credit analyst.