Median Annual Wage: $67,020
Education: Bachelor's degree (50%); Associate's degree (27%); High school diploma or equivalent (7%)
Projected Growth: Average (8% to 14%)
Related Job Titles: Credit Analyst; Analyst; Credit Manager; Underwriter; Credit Administrator; Credit and Collections Analyst; Credit Representative; Credit Risk Analyst; Risk Analyst
Source: O*NET OnLine information for Credit Analysts.
More Business and Financial Operations Careers
- Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.
- 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.
- Consult with customers to resolve complaints and verify financial and credit transactions.
- Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations.
- Review individual or commercial customer files to identify and select delinquent accounts for collection.
- Confer with credit association and other business representatives to exchange credit information.
Source: O*NET OnLine information for Credit Analysts.
- Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
- Active Learning - Understanding the implications of new information for both current and future problem-solving and decision-making.
- Speaking - Talking to others to convey information effectively.
- Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.
- Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
- Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
- Mathematics - Using mathematics to solve problems.
- Complex Problem Solving - Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
- Writing - Communicating effectively in writing as appropriate for the needs of the audience.
- Service Orientation - Actively looking for ways to help people.
Source: O*NET OnLine information for Credit Analysts.
