Credit Analysts

Analyze credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with credit information for use in decision making.

Median Annual Wage: $67,020

Education: Bachelor's degree (50%); Associate's degree (27%); High school diploma or equivalent (7%)

Projected Growth: Average (8% to 14%)

Related Job Titles: Credit Analyst; Analyst; Credit Manager; Underwriter; Credit Administrator; Credit and Collections Analyst; Credit Representative; Credit Risk Analyst; Risk Analyst

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Source: O*NET OnLine information for Credit Analysts.

More Business and Financial Operations Careers

  • Generate financial ratios, using computer programs, to evaluate customers' financial status.
  • Consult with customers to resolve complaints and verify financial and credit transactions.
  • Prepare reports that include the degree of risk involved in extending credit or lending money.
  • Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations.
  • Review individual or commercial customer files to identify and select delinquent accounts for collection.
  • Confer with credit association and other business representatives to exchange credit information.

Source: O*NET OnLine information for Credit Analysts.

  • Active Learning - Understanding the implications of new information for both current and future problem-solving and decision-making.
  • Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
  • Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
  • Speaking - Talking to others to convey information effectively.
  • Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.
  • Mathematics - Using mathematics to solve problems.
  • Complex Problem Solving - Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
  • Writing - Communicating effectively in writing as appropriate for the needs of the audience.
  • Service Orientation - Actively looking for ways to help people.

Source: O*NET OnLine information for Credit Analysts.

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