dcsimg

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 Total Employment Annual Median Salary
Los Angeles 3490 $75,220
Long Beach 3490 $75,220
Anaheim 3490 $75,220
Fort Worth 3170 $78,280
Dallas 3170 $78,280
Arlington 3170 $78,280
Houston 1700 $65,520
The Woodlands 1700 $65,520
Sugar Land 1700 $65,520
Hayward 1700 $99,690
Total Employment for Credit Analysts - Top 5 Cities Nationwide
Compare Total Employment for Credit Analysts
STATE
CITIES
EMPLOYMENT
 
Salaries for Credit Analysts - Top 5 Cities Nationwide
Compare Salaries for Credit Analysts
STATE
CITIES
SALARY
 
Total Employment and Salary for Professions Similar to Credit Analysts

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
Click the Visit School Site buttons to go directly to a school's website and learn more about the school and programs it has to offer. School website will open in a new tab.
Click the Request Info buttons to request more information from a representative at the school.
 
Results:  10
Matching School Ads
Programs
  • M.B.A.: Finance
  • B.S. in Finance and Economics
  • B.S. in Accounting
  • Which career path will you take – Business, Nursing, Education, Psychology? Something else? GCU offers more than 100 majors to get you started!
  • Colangelo College of Business: Features more than 25 programs from the bachelor through the master's level, including several high-demand MBA programs and an accelerated accounting degree.
  • College of Nursing and Health Care Professions: Rich 25-year history providing outstanding health care and nursing degree programs, including an RN to BSN program & master's in nursing degrees.
  • College of Education: Whether you are looking to start or advance your career as a teacher or administrator, GCU offers bachelor’s and master’s in education degrees in key areas.
  • College of Humanities and Social Sciences: Provides a job focused education and features a variety of programs from counseling and psychology to justice studies, history and English literature.
  • Does something else interest you? GCU also offers programs in Doctoral Studies; Theology; Science, Engineering & Technology; and Fine Arts & Production. Speak with an enrollment counselor today!
Programs
  • Master in Finance
  • Master - Professional Accounting
  • Graduate Specialization - Accounting
  • The first and only 100% online, fully accredited public university in the United States
  • No set class times or locations
  • Affordable tuition, guaranteed not to increase as long as you are enrolled
  • Accelerated eight-week terms
  • Classes start every month
Programs
  • MBA - Finance
  • BA Finance
  • MA Accountancy - Audit
  • Become the leader you know you can be @ Ashford University
  • Apply Now! Classes Start Every Tuesday!
Programs
  • MSA: Financial Services
  • MSA: Business
  • MBA: Finance
  • Liberty University’s online programs ranked in the top 10 out of more than 2,100 colleges & universities for academic quality, affordability, and accessibility.*
  • 100% online programs at associate, bachelor’s, master’s, and doctoral level.**
  • Transfer up to 90 credits into an undergraduate degree program.
  • Up to 50% of your master’s degree can be transferred in to help you get the most out of your hard work and maximize the credit you previously earned.
Programs
  • Master of Business Administration - Finance and Investing
  • Bachelor of Science in Business - Accounting
  • Bachelor of Science in Accounting
  • Let Regent Lead The Way
  • No matter your passion, you'll find your place at Regent! Choose from more than 95 areas of study in the subject areas employers demand.
Programs
  • MBA - Master of Business Administration - Finance
  • MBA - Master of Business Administration - Accounting
  • Go Higher with a career-enhancing degree from Concordia Nebraska you can earn fully online. All our online programs are designed to give you the flexibility to study around your schedule. 
  • You'll also benefit from exceptional student support and a rigorous academic experience ranked in the top tier of U.S. News & World Report's Best Colleges 2016 Midwest Regional Universities.
  • Concordia offers a wide variety of MBA program offerings in such fields as Accounting, Business Intelligence, Human Resources, Leadership and Managing, Management, Marketing and Risk Management.
  • Concordia also offers programs in the M.Ed field specializing in Early Childhood Development, Curriculum and Instruction, Educational Administration, and Special Education.
  • As an institution, Concordia University, Nebraska is accredited by The Higher Learning Commission and is a member of its North Central Association.
  • Concordia University, Nebraska is an excellent academic and Christ-centered community equipping men and women for lives of learning, service and leadership in the church and world.
Programs
  • MBA Finance
  • Bachelor of Arts in Accounting
  • Associate of Arts in Accounting

See What’s Possible When You Earn a Degree at Florida Tech 100% Online

Whatever your motivation for considering an undergraduate or graduate degree, Florida Tech offers programs online that can meet your needs. Here are a few reasons Florida Tech may be the right choice for you.

Programs
  • MBA - Finance/Accounting

What They’re Known For

Founded in 1946 and located in the heart of central New York, Utica College is a regionally accredited, independent, private institution that features many of the advantages of a large university — such as undergraduate and graduate degree options, excellent academics, and outstanding faculty — with the intimacy and high degree of personal attention more closely associated with smaller private institutions.


Programs
  • MBA - Finance
  • MBA - Accounting
  • Ranked #20 in the Top Public Schools in 2015 by U.S. News & World Report.
  • Ranked among the Top 50 Schools for Entrepreneurship Programs in 2014 by The Princeton Review.
  • Ranked among America’s Top Colleges in 2013 by Forbes.
  • Offers over 90 undergraduate majors across 10 colleges, with numerous programs ranked among the top programs by U.S. News & World Report.
  • Has famous alumni such as Sergey Brin the co-founder of Google, Kevin Blank the Founder of Under Armour Athletic Gear, and more.
Programs
  • Business Administration - Finance (BS) (Online)
  • Business Administration - Accounting (BS) (Online)
  • Designated as a 2015 Military Friendly® School by Victory Media, publishers of G.I. Jobs®.
  • Each program is designed to instill the knowledge, ethical values, and interpersonal skills of professional practice and to foster values of social responsibility.
  • Offers several flexible learning options, including a blended format that combines campus and online learning.
  • Several scholarship opportunities are available for students who qualify.
  • Features a competency-based MBA program that allows students to test out of subjects based on prior professional experience.

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.

Back to Top