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Credit Analysts picture    Credit Analysts image

Credit Analysts

Credit analysts evaluate credit information and financial statements of individuals and companies in order to determine the degree of risk involved in lending money or extending credit. Credit analysts create reports for decision making purposes. They examine customer's records and recommend payment plans based on savings information, earnings, payment history and purchasing activities.

As risk analysts, commercial credit analysts specialize in determining the ability of businesses to repay their loans and other types of debts. They determine the risk involved with providing business loans and extending lines of credit.

A credit analyst develops financial profiles for companies by examining its credit history and comparing its cash and other liquid assets to its debts. Commercial credit analysts work for banks, other types of commercial lenders and government agencies.

Responsibilities

  • Exchange credit information with credit associations and other types of business representatives
  • Create financial ratios by utilizing computer programs to evaluate a candidates financial status
  • Compare credit histories, liquidity and profitability of companies being evaluated with similar companies in the same industries and locations
  • Analyze a company's income growth, market share, management quality and other items to estimate the expected profitability from the loans
  • Compile data for financial reports
  • Monitor credit extension decisions

Job Characteristics

They should have a solid foundation in economics and accounting and mathematics. They should be detailed oriented and effective at analyzing data. A credit analyst also needs to be good at organizing and planning. Good interpersonal and communication skills are helpful.

Credit analysts utilize content workflow, document management and financial analysis software. They often work as part of a team and collaborate with management and clients.

Employment Outlook

The U.S. Department of Labor projects the growth rate for commercial credit analysts will be somewhat flat through 2016. In 2008 the annual median wage for credit analysts was $55,250. The top paying industries for credit analysts are financial investment activities and securities and commodity brokerages.

Education, Certification, and Licensing

Most credit analysts jobs require a bachelor's degree in accounting, finance, economics, business or a related financial field. They usually take classes in risk management, business, statistics, mathematics, information technology and appropriate computer software.

Resources

Major Employers

The top job providing sectors are banks, other types of lending institutions and the government.

Schools for Credit Analysts are listed in the Browse Schools Section.

Metro Areas Sorted by Total Employment for:
Credit Analysts

Listed below are metro areas sorted by the total number of people employed in Credit Analysts jobs , as of 2016

2016 Occupational Employment Statistics and 2014-24 Employment Projections, Bureau of Labor Statistics, BLS.gov; 2014-24 State Occupational Projections, Projections Central, projectionscentral.com

     
Metro Area (Alabama) Total Employment Annual Median Salary
Birmingham 250 $64,910
Hoover 250 $64,910
Montgomery 30 $64,260
Mobile N/A $44,180
     
Metro Area (Arizona) Total Employment Annual Median Salary
Scottsdale 1060 $68,280
Mesa 1060 $68,280
Phoenix 1060 $68,280
     
Metro Area (Arkansas) Total Employment Annual Median Salary
Conway 280 $56,500
North Little Rock 280 $56,500
Little Rock 280 $56,500
     
Metro Area (California) Total Employment Annual Median Salary
Anaheim 3490 $75,220
Long Beach 3490 $75,220
Los Angeles 3490 $75,220
Hayward 1700 $99,690
Oakland 1700 $99,690
San Francisco 1700 $99,690
Carlsbad 730 $67,980
San Diego 730 $67,980
Santa Clara 450 $74,650
San Jose 450 $74,650
Sunnyvale 450 $74,650
Arden 330 $56,370
Sacramento 330 $56,370
Arcade 330 $56,370
Roseville 330 $56,370
Ontario 270 $67,940
San Bernardino 270 $67,940
Riverside 270 $67,940
Oxnard 110 $74,350
Thousand Oaks 110 $74,350
Ventura 110 $74,350
Bakersfield 100 $46,500
Lodi 100 $68,600
Stockton 100 $68,600
Fresno 90 $51,970
Santa Rosa 80 $61,110
Chico 40 $50,280
Santa Barbara 40 $54,200
Santa Maria 40 $54,200
San Luis Obispo 40 $63,170
Arroyo Grande 40 $63,170
Paso Robles 40 $63,170
Salinas 30 $78,820
     
Metro Area (Colorado) Total Employment Annual Median Salary
Lakewood 980 $67,720
Aurora 980 $67,720
Denver 980 $67,720
Boulder 100 $84,600
Fort Collins 60 $66,210
Colorado Springs 60 $81,420
     
Metro Area (Connecticut) Total Employment Annual Median Salary
Norwalk 680 $79,500
Bridgeport 680 $79,500
Stamford 680 $79,500
East Hartford 310 $78,290
West Hartford 310 $78,290
Hartford 310 $78,290
New Haven 60 $67,730
Danbury 60 $92,570
     
Metro Area (Delaware) Total Employment Annual Median Salary
Dover N/A $62,730
     
Metro Area (Florida) Total Employment Annual Median Salary
Fort Lauderdale 1000 $71,910
West Palm Beach 1000 $71,910
Miami 1000 $71,910
Jacksonville 580 $68,630
Tampa 530 $75,830
Clearwater 530 $75,830
St. Petersburg 530 $75,830
Sanford 300 $61,600
Orlando 300 $61,600
Kissimmee 300 $61,600
Sarasota 40 $44,730
North Port 40 $44,730
Bradenton 40 $44,730
Brent N/A $59,370
Pensacola N/A $59,370
Ferry Pass N/A $59,370
     
Metro Area (Georgia) Total Employment Annual Median Salary
Roswell 1250 $61,310
Sandy Springs 1250 $61,310
Atlanta 1250 $61,310
Savannah 50 $58,660
     
Metro Area (Hawaii) Total Employment Annual Median Salary
Urban Honolulu 80 $58,230
     
Metro Area (Idaho) Total Employment Annual Median Salary
Boise City 100 $39,330
     
Metro Area (Illinois) Total Employment Annual Median Salary
Springfield 60 $68,880
Peoria 40 $62,660
Urbana N/A $67,600
Champaign N/A $67,600
     
Metro Area (Indiana) Total Employment Annual Median Salary
Indianapolis 340 $55,640
Anderson 340 $55,640
Carmel 340 $55,640
Muncie 50 $53,630
Fort Wayne 50 $57,320
     
Metro Area (Iowa) Total Employment Annual Median Salary
Iowa City 30 $74,840
West Des Moines N/A $69,940
Des Moines N/A $69,940
     
Metro Area (Kansas) Total Employment Annual Median Salary
Wichita 100 $69,450
Topeka 30 $40,920
     
Metro Area (Kentucky) Total Employment Annual Median Salary
Fayette 50 $56,790
Lexington 50 $56,790
     
Metro Area (Louisiana) Total Employment Annual Median Salary
Baton Rouge 80 $75,900
Metairie 60 $73,720
New Orleans 60 $73,720
Thibodaux N/A $36,490
Houma N/A $36,490
     
Metro Area (Maine) Total Employment Annual Median Salary
South Portland 120 $75,090
Portland 120 $75,090
     
Metro Area (Maryland) Total Employment Annual Median Salary
Towson N/A $62,520
Columbia N/A $62,520
Baltimore N/A $62,520
     
Metro Area (Michigan) Total Employment Annual Median Salary
Warren 700 $51,160
Dearborn 700 $51,160
Detroit 700 $51,160
Wyoming 170 $48,450
Grand Rapids 170 $48,450
Portage 50 $53,480
Kalamazoo 50 $53,480
Ann Arbor 30 $53,130
     
Metro Area (Minnesota) Total Employment Annual Median Salary
St. Cloud 130 $62,980
North Mankato 30 $60,560
Mankato 30 $60,560
Rochester 30 $67,150
     
Metro Area (Mississippi) Total Employment Annual Median Salary
Jackson 120 $62,080
Hattiesburg 40 $49,290
Pascagoula 40 $59,300
Biloxi 40 $59,300
Gulfport 40 $59,300
     
Metro Area (Missouri) Total Employment Annual Median Salary
Springfield 50 $45,350
Joplin 40 $54,400
Jefferson City 30 $38,370
     
Metro Area (Montana) Total Employment Annual Median Salary
Billings 60 $48,800
     
Metro Area (Nebraska) Total Employment Annual Median Salary
Lincoln 140 $48,190
     
Metro Area (Nevada) Total Employment Annual Median Salary
Reno 50 $75,590
Paradise N/A $66,710
Henderson N/A $66,710
Las Vegas N/A $66,710
     
Metro Area (New Hampshire) Total Employment Annual Median Salary
Manchester 60 $68,100
     
Metro Area (New Jersey) Total Employment Annual Median Salary
Trenton 210 $65,270
     
Metro Area (New Mexico) Total Employment Annual Median Salary
Albuquerque 80 $74,740
     
Metro Area (New York) Total Employment Annual Median Salary
Niagara Falls 480 $68,030
Buffalo 480 $68,030
Cheektowaga 480 $68,030
Rochester 140 $61,350
Troy 140 $69,000
Schenectady 140 $69,000
Albany 140 $69,000
Syracuse 100 $66,440
Kingston 30 $44,540
     
Metro Area (North Carolina) Total Employment Annual Median Salary
Raleigh 350 $76,550
Winston 270 $92,960
Salem 270 $92,960
Chapel Hill 200 $54,160
Durham 200 $54,160
High Point 180 $55,470
Greensboro 180 $55,470
Asheville 70 $71,890
Wilmington 40 $71,280
     
Metro Area (Ohio) Total Employment Annual Median Salary
Columbus 820 $67,230
Elyria 460 $71,050
Cleveland 460 $71,050
Akron 130 $65,390
Toledo 50 $60,630
     
Metro Area (Oklahoma) Total Employment Annual Median Salary
Oklahoma City 240 $47,600
Tulsa 240 $55,010
     
Metro Area (Oregon) Total Employment Annual Median Salary
Salem 50 $49,910
     
Metro Area (Pennsylvania) Total Employment Annual Median Salary
Pittsburgh 550 $72,980
Carlisle 110 $54,330
Harrisburg 110 $54,330
Waynesboro 50 $58,960
Chambersburg 50 $58,960
Lancaster 50 $70,960
Erie N/A $46,130
     
Metro Area (Puerto Rico) Total Employment Annual Median Salary
Caguas 730 $36,150
Carolina 730 $36,150
San Juan 730 $36,150
     
Metro Area (South Carolina) Total Employment Annual Median Salary
Mauldin 280 $55,150
Anderson 280 $55,150
Greenville 280 $55,150
Columbia 160 $62,500
Charleston 110 $65,810
North Charleston 110 $65,810
Spartanburg 50 $48,890
     
Metro Area (South Dakota) Total Employment Annual Median Salary
Sioux Falls 250 $56,550
     
Metro Area (Tennessee) Total Employment Annual Median Salary
Franklin 580 $64,050
Murfreesboro 580 $64,050
Davidson 580 $64,050
Nashville 580 $64,050
Knoxville 140 $52,730
Johnson City 40 $48,320
     
Metro Area (Texas) Total Employment Annual Median Salary
Dallas 3170 $78,280
Fort Worth 3170 $78,280
Arlington 3170 $78,280
The Woodlands 1700 $65,520
Sugar Land 1700 $65,520
Houston 1700 $65,520
New Braunfels 890 $73,200
San Antonio 890 $73,200
Lubbock 120 $46,560
El Paso 90 $60,930
Waco 50 $58,640
Midland 40 $54,890
Wichita Falls 30 N/A
Amarillo N/A $55,410
Longview N/A $57,950
College Station N/A $66,440
Bryan N/A $66,440
Austin N/A $71,760
Round Rock N/A $71,760
     
Metro Area (Utah) Total Employment Annual Median Salary
Salt Lake City 660 $53,780
Clearfield 80 $43,690
Ogden 80 $43,690
Orem 60 $37,560
Provo 60 $37,560
     
Metro Area (Virginia) Total Employment Annual Median Salary
Richmond 630 $84,020
Roanoke 80 $55,590
     
Metro Area (Washington) Total Employment Annual Median Salary
Bellevue 630 $80,190
Seattle 630 $80,190
Tacoma 630 $80,190
Spokane Valley 90 $72,070
Spokane 90 $72,070
Tumwater 40 $55,450
Olympia 40 $55,450
     
Metro Area (Wisconsin) Total Employment Annual Median Salary
West Allis 1000 $64,410
Milwaukee 1000 $64,410
Waukesha 1000 $64,410
Madison 230 $62,000
Appleton 90 $47,380
Wausau 40 $80,710
Neenah 30 $66,120
Oshkosh 30 $66,120
Racine N/A $39,320
Green Bay N/A $48,650

Career Stories (Job Profiles) for Credit Analysts

To find out more about building a career as Credit Analysts, we spoke with professionals in the field across a variety of specialties. Learn about their experiences on the job, the steps they took to complete their education, and what it takes to excel in this industry. Click the link to see a story.

All Types

Most Popular Industries for :
Credit Analysts

Industries representing at least 1% of total jobs for the occupation.

2016 Occupational Employment Statistics and 2014-24 Employment Projections, Bureau of Labor Statistics, BLS.gov; 2014-24 State Occupational Projections, Projections Central, projectionscentral.com

Industry Jobs Percent Annual Median Salary
Banking And Credit 41,630 56% $52,760
Auto And Auto Parts Dealers 7,020 9% $69,430
Business Management 6,540 8% $53,490
Securities And Investment 3,200 4% $75,150
Non-durable Goods Wholesale 2,260 3% $51,020
Professional And Technical Services 1,800 2% $60,340
Office Services And Staffing 1,800 2% $47,680
Durable Goods Wholesale 1,580 2% $54,120
Insurance 1,240 1% $50,850
Telecommunications 840 1% $62,940
Traditional Publishing 750 1% $78,840
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