Credit Analysts vs Mechanical Engineers: Salary Comparison (2024)
Side-by-side salary comparison using 2024 Bureau of Labor Statistics data.
Which Career Pays More?
Mechanical Engineers professionals earn $21,350 more per year than Credit Analysts professionals — that's 26.4% higher. At the 90th percentile, Credit Analysts earns $168,840 compared to $161,240 for Mechanical Engineers.
Salary Range Comparison
Credit Analysts$52,930 – $168,840
Mechanical Engineers$68,740 – $161,240
$52,930$168,840
Detailed Salary Comparison
| Percentile | Credit Analysts | Mechanical Engineers | Difference |
|---|---|---|---|
| 10th Percentile | $52,930 | $68,740 | $-15,810 |
| 25th Percentile | $63,850 | $81,800 | $-17,950 |
| Median (50th) | $80,970 | $102,320 | $-21,350 |
| 75th Percentile | $113,850 | $130,290 | $-16,440 |
| 90th Percentile | $168,840 | $161,240 | +$7,600 |
| Mean (Average) | $98,040 | $110,080 | $-12,040 |
Employment Numbers
Credit Analysts
67,370
employed nationwide
Mechanical Engineers
286,760
employed nationwide
Top Paying Cities
Best Cities for Credit Analysts
| City | Median |
|---|---|
| New York-Newark-Jersey City, NY-NJ-PA | $133,180 |
| San Francisco-Oakland-Berkeley, CA | $127,470 |
| Birmingham-Hoover, AL | $105,510 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | $105,010 |
| Denver-Aurora-Lakewood, CO | $100,670 |
Best Cities for Mechanical Engineers
| City | Median |
|---|---|
| San Jose-Sunnyvale-Santa Clara, CA | $147,730 |
| San Francisco-Oakland-Berkeley, CA | $145,640 |
| San Diego-Chula Vista-Carlsbad, CA | $128,660 |
| Houston-The Woodlands-Sugar Land, TX | $126,870 |
| Boston-Cambridge-Nashua, MA-NH | $124,160 |
Frequently Asked Questions
Who earns more: Credit Analysts or Mechanical Engineers?
Mechanical Engineers professionals earn more, with a median salary difference of $21,350 (26.4% higher) as of 2024 BLS data.
What is the salary range for Credit Analysts?
Credit Analysts salaries range from $52,930 (10th percentile) to $168,840 (90th percentile), with a median of $80,970.
What is the salary range for Mechanical Engineers?
Mechanical Engineers salaries range from $68,740 (10th percentile) to $161,240 (90th percentile), with a median of $102,320.
How many Credit Analysts and Mechanical Engineers jobs are there?
There are approximately 67,370 Credit Analysts positions and 286,760 Mechanical Engineers positions nationwide according to 2024 BLS data.
Is it worth switching from Mechanical Engineers to Credit Analysts?
Career decisions depend on many factors beyond salary. Credit Analysts has a median salary of $80,970 while Mechanical Engineers earns $102,320. Consider job satisfaction, growth prospects, required education, and work-life balance.
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Data verified March 2026 · Source: U.S. Bureau of Labor Statistics OEWS