Prevailing Wage for Credit Analysts
Prevailing wage requirements for Credit Analysts are set by DOL and apply to any H-1B, E-3, or green card sponsorship filing. Whether your offer letter says Credit Administrator, Credit Risk Analyst, or Credit and Collections Analyst, the same four experience levels determine the wage floor, and that floor shifts significantly depending on where the worksite is located.
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Level 1 covers entry-level credit analysts performing routine analysis under close supervision. Typically requires a bachelor's degree with no prior professional credit experience. Work involves applying established methods to standard credit data with limited independent judgment.
Level 2 is the most common filing level for Credit Analysts. It fits professionals with one to three years of experience who handle moderately complex credit assessments, work with some independence, and apply judgment to non-routine financial situations.
Level 3 applies to experienced analysts handling complex credit portfolios, structured transactions, or specialized sectors such as municipal fixed income or commercial real estate. These professionals typically supervise junior analysts or lead client relationships with minimal oversight.
Level 4 covers fully competent senior analysts and credit officers with broad authority over underwriting decisions, policy development, or team leadership. This level typically reflects eight or more years of progressive experience and ownership of high-risk or high-value credit decisions.
Prevailing Wage for Credit Analysts by OES area
Each shape is a DOL OES area, the unit prevailing wage is published for.
What’s an OES area?
The Department of Labor publishes prevailing wages for geographic zones called OES areas. Every U.S. county belongs to exactly one, and the wage floor applies across the whole area. A worker in Oakland gets the San Francisco metro wage, not a separate Oakland wage.
Top 10 cities · Level 1
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See which U.S. employers are actively hiring for Credit Analysts and sponsoring H-1B, OPT, and green card visas at or above the prevailing wage.
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Verify the worksite city on your LCA
Credit analyst roles at regional bank branches or insurance affiliates are often posted from a headquarters city but worked elsewhere. The LCA prevailing wage must reflect the actual worksite metro, not corporate HQ. A New York-posted role worked in Dalton, GA carries a far lower floor.
Watch for bonus exclusions in credit compensation
DOL's prevailing wage floor counts only guaranteed annual salary. Signing bonuses, annual performance bonuses, and RSU grants common in credit officer packages do not count toward meeting the floor. Verify your base salary alone clears the applicable wage level before accepting the offer.
Check which SOC code your employer files under
Titles like Credit Representative or Credit Officer are sometimes filed under Financial Managers (SOC 11-3031) or Loan Officers (SOC 13-2072) rather than SOC 13-2041. Each SOC carries a different prevailing wage floor. Confirm your I-129 or LCA cites SOC 13-2041 if that matches your actual duties.
Use Migrate Mate to find active credit analyst sponsors
Banks, insurance companies, and asset managers sponsor credit analyst roles at very different rates. Migrate Mate shows which employers have historical H-1B or E-3 sponsorship counts for this occupation, so you can focus applications on firms that have actually sponsored the role before.
Jobs for Credit Analysts are hiring across the US. Find yours.
Find Jobs for Credit AnalystsPrevailing Wage by Reported Job Title
DOL classifies these titles under SOC 13-2041.00 alongside Credit Analysts, so the same four-tier wage schedule applies to each. Tap a title to see the full breakdown.
Credit Administrator Prevailing Wage
Credit Administrator Prevailing Wage
Credit Administrator positions fall under SOC 13-2041.00 (Credit Analysts). DOL OFLC publishes one four-tier prevailing wage schedule for the entire classification; employers filing H-1B, E-3, or PERM petitions for this title use the levels below.
Credit and Collections Analyst Prevailing Wage
Credit and Collections Analyst Prevailing Wage
When a U.S. employer sponsors a Credit and Collections Analyst for a work visa or green card, DOL applies the prevailing wage schedule for SOC 13-2041.00 (Credit Analysts). Wage level reflects the role's experience and responsibility, not the title itself.
Credit Officer Prevailing Wage
Credit Officer Prevailing Wage
Credit Officer is an O*NET-reported job title within SOC 13-2041.00 (Credit Analysts). All roles in this SOC share the same prevailing wage tiers. The level an employer files at depends on what the role requires, not which title is used.
Credit Representative Prevailing Wage
Credit Representative Prevailing Wage
Credit Representative positions fall under SOC 13-2041.00 (Credit Analysts). DOL OFLC publishes one four-tier prevailing wage schedule for the entire classification; employers filing H-1B, E-3, or PERM petitions for this title use the levels below.
Credit Risk Analyst Prevailing Wage
Credit Risk Analyst Prevailing Wage
When a U.S. employer sponsors a Credit Risk Analyst for a work visa or green card, DOL applies the prevailing wage schedule for SOC 13-2041.00 (Credit Analysts). Wage level reflects the role's experience and responsibility, not the title itself.
Municipal Fixed Income Analyst Prevailing Wage
Municipal Fixed Income Analyst Prevailing Wage
Municipal Fixed Income Analyst is an O*NET-reported job title within SOC 13-2041.00 (Credit Analysts). All roles in this SOC share the same prevailing wage tiers. The level an employer files at depends on what the role requires, not which title is used.
Frequently Asked Questions
How does DOL set the prevailing wage for Credit Analysts?
DOL calculates prevailing wages using Occupational Employment and Wage Statistics data collected by the Bureau of Labor Statistics. For Credit Analysts (SOC 13-2041), OFLC maps those survey results to four wage levels based on experience, complexity, and supervisory scope. Employers must submit a Labor Condition Application certifying the offered wage meets or exceeds the applicable level for the specific worksite location.
What do the four wage levels mean and how do I know which one applies to me?
DOL uses four levels tied to experience and job complexity. Level 1 is entry-level with close supervision. Level 2 reflects moderate experience and some independent judgment, and it is the level most commonly filed for Credit Analysts. Level 3 covers experienced professionals handling complex portfolios or leading analysts. Level 4 applies to senior credit officers with full decision-making authority. Your level should match your actual duties and years of relevant experience, not just your job title.
Why does the prevailing wage for the same Credit Analyst role vary so much by city?
OFLC derives prevailing wages from regional OES surveys, which capture actual wages paid in each metropolitan statistical area. Dense financial centers like New York and San Francisco attract higher-compensating employers, pushing local survey medians up significantly. The LCA worksite rule requires the wage floor to reflect the city where work is actually performed, so an offer in a lower-cost metro legally clears a much lower floor than the same title would require in a major financial hub.
What happens if a sponsored job offer falls below the Credit Analysts prevailing wage?
An employer cannot certify an LCA if the offered wage is below the DOL prevailing wage for the applicable level and worksite. USCIS will deny the H-1B or E-3 petition if the underlying LCA is not certified or was certified with an incorrect wage. If you receive an offer below the floor, the employer must raise the salary, reclassify to a lower level if the duties genuinely qualify, or withdraw the sponsorship. You cannot waive this requirement.
How do I find and verify the Credit Analysts prevailing wage for a specific U.S. location?
Use the OFLC Wage Search tool to look up the current prevailing wage for SOC 13-2041 in any metropolitan area. Select the occupation code, choose your worksite area, and the tool returns all four wage levels. You can also review OFLC disclosure data to see what wages employers have recently certified on LCAs for Credit Analyst positions. Migrate Mate lists credit analyst roles from employers with verified sponsorship history, which helps you identify which companies are actively filing in specific markets.
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