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Browse all of the tabs below for info about Credit Analysts:
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
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 column to the left.
The Top Cities tab shows employment statistics for Credit Analysts by major metro area.
The Top Industries tab shows which industries have the most jobs for Credit Analysts, along with salary data by industry.
The Find Schools tab lets you search for schools by field of study, degree level, and location.
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 Get Info links.
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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