Credit Analyst

Loading state data...

Loading state data...

  Business and Financial Operations Occupations

Credit Analyst

Also Called: Credit Administrator, Credit Analyst, Credit and Collections Analyst, Credit Officer, Credit Representative, Credit Risk Analyst, Municipal Fixed Income Analyst, Credit Administrator, Credit Analyst, Credit and Collections Analyst, Credit Officer, Credit Representative, Credit Risk Analyst, Municipal Fixed Income Analyst

What they do

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 decisionmaking.

$50,060
Starting Salary (2023)
$79,420
Median Salary (2023)
-4.3%
Projected Job Growth
73,200
Employment (2022)

Typical Tasks

Analyze credit data and financial statements to determine 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.
Generate financial ratios, using computer programs, to evaluate customers' financial status.
Prepare reports that include the degree of risk involved in extending credit or lending money.
Analyze financial data, such as income growth, quality of management, and market share to determine expected profitability of loans.

A day in the life

What kind of work is this?

Conventional
Organized, Procedural Work
Enterprising
Business based Work
Investigative
Studying, Research based work

What personality traits do you need to succeed?

Analytical Thinking
Attention to Detail
Integrity
Dependability
Initiative
Stress Tolerance

What key skills are needed for this job?

Critical Thinking
Active Learning
Reading Comprehension
Speaking
Active Listening
Mathematics

Expected Knowledge

Economics and Accounting
Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.
Mathematics
Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
English Language
Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.

Common Activities

Analyzing Data or Information
Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
Getting Information
Observing, receiving, and otherwise obtaining information from all relevant sources.
Working with Computers
Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.

More Info

What can I do with this major? Logo

Explore 106 major profiles, common career paths and strategies to maximize opportunities.

Visit Site
My Next Move logo

Search career information in detail by keywords, browse by industry, or via your interests.

Visit Site
Career OneStop Logo

Explore career options, find training and education, plan for your job search and find local help and services.

Visit Site
BLS OOH logo

The Occupational Outlook Handbook - browse occupations and resources and explore occupation groups.

Visit Site
O*NET logo

The nation's primary source of occupational information. Complete data and information breakdowns for all careers.

Visit Site