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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 2015

Source: 2015 Occupational Employment Statistics and 2014-24 Employment Projections, Bureau of Labor Statistics, BLS.gov.

     
Metro Area (Alabama) Total Employment Annual Median Salary
Hoover 140 $62,710
Birmingham 140 $62,710
Huntsville 30 $63,570
Montgomery 30 $65,720
     
Metro Area (Arizona) Total Employment Annual Median Salary
Scottsdale 890 $70,640
Mesa 890 $70,640
Phoenix 890 $70,640
     
Metro Area (Arkansas) Total Employment Annual Median Salary
Conway 110 $65,950
North Little Rock 110 $65,950
Little Rock 110 $65,950
     
Metro Area (California) Total Employment Annual Median Salary
Anaheim 3030 $72,420
Los Angeles 3030 $72,420
Long Beach 3030 $72,420
San Francisco 1500 $103,160
Oakland 1500 $103,160
Hayward 1500 $103,160
Sunnyvale 810 $76,660
San Jose 810 $76,660
Santa Clara 810 $76,660
Carlsbad 530 $64,480
San Diego 530 $64,480
Arden 410 $55,830
Arcade 410 $55,830
Sacramento 410 $55,830
Roseville 410 $55,830
Riverside 280 $79,330
Ontario 280 $79,330
San Bernardino 280 $79,330
Fresno 100 $59,150
Ventura 100 $68,550
Thousand Oaks 100 $68,550
Oxnard 100 $68,550
Bakersfield 90 $48,870
Santa Rosa 80 $57,720
Lodi 70 $58,130
Stockton 70 $58,130
Fairfield 60 $85,100
Vallejo 60 $85,100
Modesto 40 $58,630
Arroyo Grande 40 $61,980
Paso Robles 40 $61,980
San Luis Obispo 40 $61,980
Salinas 40 $80,060
     
Metro Area (Colorado) Total Employment Annual Median Salary
Lakewood 1090 $70,940
Aurora 1090 $70,940
Denver 1090 $70,940
Boulder 50 $71,950
Fort Collins 40 $57,270
Colorado Springs 30 $76,100
     
Metro Area (Connecticut) Total Employment Annual Median Salary
Norwalk 770 $90,040
Stamford 770 $90,040
Bridgeport 770 $90,040
East Hartford 270 $83,880
West Hartford 270 $83,880
Hartford 270 $83,880
New Haven 90 $69,800
Danbury N/A $98,280
     
Metro Area (Florida) Total Employment Annual Median Salary
West Palm Beach 1090 $68,540
Fort Lauderdale 1090 $68,540
Miami 1090 $68,540
Tampa 810 $75,650
St. Petersburg 810 $75,650
Clearwater 810 $75,650
Jacksonville 620 $71,310
Sanford 370 $58,880
Orlando 370 $58,880
Kissimmee 370 $58,880
Sarasota 40 $68,800
Bradenton 40 $68,800
North Port 40 $68,800
Pensacola N/A $57,840
Brent N/A $57,840
Ferry Pass N/A $57,840
     
Metro Area (Georgia) Total Employment Annual Median Salary
Roswell 1360 $64,470
Sandy Springs 1360 $64,470
Atlanta 1360 $64,470
Savannah 50 $54,710
     
Metro Area (Hawaii) Total Employment Annual Median Salary
Urban Honolulu 120 $60,370
     
Metro Area (Idaho) Total Employment Annual Median Salary
Boise City 110 $44,040
     
Metro Area (Illinois) Total Employment Annual Median Salary
Springfield 60 $67,740
Peoria 30 $63,960
Urbana N/A $63,170
Champaign N/A $63,170
     
Metro Area (Indiana) Total Employment Annual Median Salary
Anderson 370 $60,440
Carmel 370 $60,440
Indianapolis 370 $60,440
Fort Wayne 40 $66,080
     
Metro Area (Iowa) Total Employment Annual Median Salary
Cedar Rapids 40 $63,670
Dubuque N/A $46,360
     
Metro Area (Kansas) Total Employment Annual Median Salary
Wichita 60 $59,950
     
Metro Area (Kentucky) Total Employment Annual Median Salary
Fayette 40 $60,390
Lexington 40 $60,390
     
Metro Area (Louisiana) Total Employment Annual Median Salary
New Orleans 110 $71,010
Metairie 110 $71,010
Baton Rouge 50 $73,060
Thibodaux N/A $43,510
Houma N/A $43,510
Monroe N/A $62,230
     
Metro Area (Maine) Total Employment Annual Median Salary
South Portland 90 $72,570
Portland 90 $72,570
     
Metro Area (Maryland) Total Employment Annual Median Salary
Towson 590 $62,300
Columbia 590 $62,300
Baltimore 590 $62,300
     
Metro Area (Michigan) Total Employment Annual Median Salary
Dearborn 660 $52,330
Warren 660 $52,330
Detroit 660 $52,330
Wyoming 130 $48,160
Grand Rapids 130 $48,160
Portage 50 $56,740
Kalamazoo 50 $56,740
Flint N/A $46,870
     
Metro Area (Minnesota) Total Employment Annual Median Salary
North Mankato 40 $71,820
Mankato 40 $71,820
St. Cloud N/A $67,900
     
Metro Area (Mississippi) Total Employment Annual Median Salary
Jackson 110 $53,870
Pascagoula 60 $48,120
Biloxi 60 $48,120
Gulfport 60 $48,120
     
Metro Area (Missouri) Total Employment Annual Median Salary
Joplin 50 $53,030
Springfield 30 $47,760
     
Metro Area (Montana) Total Employment Annual Median Salary
Billings 60 $48,290
     
Metro Area (Nebraska) Total Employment Annual Median Salary
Lincoln 110 $63,660
     
Metro Area (Nevada) Total Employment Annual Median Salary
Reno 40 $71,640
Paradise N/A $64,280
Las Vegas N/A $64,280
Henderson N/A $64,280
     
Metro Area (New Hampshire) Total Employment Annual Median Salary
Manchester 40 $65,260
     
Metro Area (New Jersey) Total Employment Annual Median Salary
Trenton 240 $68,330
     
Metro Area (New Mexico) Total Employment Annual Median Salary
Albuquerque 80 $74,310
     
Metro Area (New York) Total Employment Annual Median Salary
Niagara Falls 300 N/A
Cheektowaga 300 N/A
Buffalo 300 N/A
Rochester 160 $64,700
Albany 120 $68,080
Schenectady 120 $68,080
Troy 120 $68,080
Syracuse 110 $75,320
     
Metro Area (North Carolina) Total Employment Annual Median Salary
Raleigh 410 $73,760
Winston 280 $89,330
Salem 280 $89,330
Greensboro 170 $55,190
High Point 170 $55,190
Durham 150 $55,580
Chapel Hill 150 $55,580
Asheville 60 $73,430
Greenville 50 $63,690
Lenoir 30 $65,940
Hickory 30 $65,940
Morganton 30 $65,940
     
Metro Area (Ohio) Total Employment Annual Median Salary
Columbus 780 $68,820
Elyria 470 $70,760
Cleveland 470 $70,760
Dayton 210 $60,880
Akron 100 $60,180
Toledo 80 $65,760
     
Metro Area (Oklahoma) Total Employment Annual Median Salary
Oklahoma City 220 $54,770
Tulsa 170 $51,410
     
Metro Area (Oregon) Total Employment Annual Median Salary
Eugene 70 $62,060
Salem N/A $66,790
     
Metro Area (Pennsylvania) Total Employment Annual Median Salary
Pittsburgh 630 $67,500
Carlisle 90 $51,780
Harrisburg 90 $51,780
Hazleton 80 $47,800
Scranton 80 $47,800
Wilkes 80 $47,800
Barre 80 $47,800
Waynesboro 50 $60,110
Chambersburg 50 $60,110
Reading 40 $59,460
Lancaster 30 $61,630
Bloomsburg N/A $40,740
Berwick N/A $40,740
     
Metro Area (Puerto Rico) Total Employment Annual Median Salary
Caguas 700 $36,880
Carolina 700 $36,880
San Juan 700 $36,880
     
Metro Area (South Carolina) Total Employment Annual Median Salary
Greenville 220 $62,630
Mauldin 220 $62,630
Anderson 220 $62,630
Columbia 140 $59,560
Charleston 90 $62,460
North Charleston 90 $62,460
Spartanburg 60 $49,350
     
Metro Area (South Dakota) Total Employment Annual Median Salary
Sioux Falls 280 $56,960
     
Metro Area (Tennessee) Total Employment Annual Median Salary
Murfreesboro 620 $61,040
Franklin 620 $61,040
Davidson 620 $61,040
Nashville 620 $61,040
Knoxville 150 $63,460
Johnson City 60 $43,540
     
Metro Area (Texas) Total Employment Annual Median Salary
Arlington 3000 $77,400
Dallas 3000 $77,400
Fort Worth 3000 $77,400
Sugar Land 1530 $68,680
The Woodlands 1530 $68,680
Houston 1530 $68,680
New Braunfels 720 $65,010
San Antonio 720 $65,010
Edinburg 130 $52,710
Mission 130 $52,710
McAllen 130 $52,710
Lubbock 120 $46,380
Amarillo 70 $58,340
Waco 60 $56,160
Midland 50 $55,690
Longview N/A $55,810
Bryan N/A $64,240
College Station N/A $64,240
Austin N/A $70,450
Round Rock N/A $70,450
     
Metro Area (Utah) Total Employment Annual Median Salary
Salt Lake City 840 $41,940
Clearfield 70 $42,510
Ogden 70 $42,510
Provo 60 $38,050
Orem 60 $38,050
     
Metro Area (Vermont) Total Employment Annual Median Salary
South Burlington 30 $50,450
Burlington 30 $50,450
     
Metro Area (Virginia) Total Employment Annual Median Salary
Roanoke 100 $50,570
Richmond N/A $77,360
     
Metro Area (Washington) Total Employment Annual Median Salary
Bellevue 540 $83,520
Seattle 540 $83,520
Tacoma 540 $83,520
Spokane Valley 80 $76,180
Spokane 80 $76,180
Tumwater 40 $53,680
Olympia 40 $53,680
     
Metro Area (Wisconsin) Total Employment Annual Median Salary
Waukesha 690 $68,640
West Allis 690 $68,640
Milwaukee 690 $68,640
Madison 190 $55,400
Green Bay 100 $73,100
Appleton 80 $45,090
Racine 70 $52,350
Sheboygan 30 $56,120
Oshkosh 30 $58,830
Neenah 30 $58,830
Fond du Lac N/A $48,370

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.

Source: 2015 Occupational Employment Statistics and 2014-24 Employment Projections, Bureau of Labor Statistics, BLS.gov.

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
These schools offer particularly quick info upon request, and we have written detailed profiles for each (click school names to see the profiles). Request info from multiple schools, by clicking the Request Info links.
 
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CityTownInfo Career and College Resources

We have some additional detailed pages at the state level for Credit Analysts.

Numbers in parentheses are counts of relevant campus-based schools in the state; online schools may also be available.

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