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Credit Analysts
Analyze credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with credit information for use in decisionmaking.
Other titles employers use
Credit Administrator · Credit Analyst · Credit and Collections Analyst · Credit Officer · Credit Representative · Credit Risk Analyst · Municipal Fixed Income Analyst · Chief Credit Analyst
Inside the work
What you would actually do.
6 responsibilities that define the role, before job titles and workplaces change the details.
- Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.
- Complete loan applications, including credit analyses and summaries of loan requests, and submit to loan committees for approval.
- 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.
- Analyze financial data, such as income growth, quality of management, and market share to determine expected profitability of loans.
- Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations.
Who it suits
Would this work hold your attention?
This career often appeals to people drawn to organizing, persuading and analytical work.
- Organizing
- Creating order, checking details, and keeping work accurate
- Persuading
- Leading, selling, starting projects, or making a case
- Analytical
- Investigating questions, testing ideas, and solving problems
Skills and strengths
What you would get good at.
Compare the skills the work relies on, the subjects behind it, and the abilities that make it easier to learn.
Core skills
- Critical Thinking
- Reading Comprehension
- Speaking
- Active Learning
- Active Listening
- Mathematics
Subjects to know
- Economics and Accounting
- Mathematics
- English Language
- Law and Government
- Administrative
Useful strengths
- Oral Expression
- Oral Comprehension
- Written Comprehension
- Inductive Reasoning
- Problem Sensitivity
Working day
Picture yourself doing it.
These measures show how much of the day involves people, movement, conversation, and hands-on work.
| Measure | Out of 5 | What that means here |
|---|---|---|
| Close to other people | 2.8 | Largely your own space |
| On your feet | 1.6 | Mostly seated |
| Talking face to face | 4.7 | Continuous — the job is conversations |
| Working with your hands | 1.9 | Little of the day |
Preparation
How people prepare for this work.
Employers usually ask for a bachelor's degree. Other routes may also lead into the field.
- A four-year degree 95%
- A master's degree 5%
Tools of the work
Technology you may use.
- Data base user interface and query software
- Development environment software
- Enterprise resource planning ERP software
- Office suite software
- Spreadsheet software
- Electronic mail software
- Presentation software
- Word processing software
Opportunity near you
See where this work is growing.
Choose a state to compare the size of the field, annual openings, and expected hiring change.
- People doing this work
- 7,740
- Job openings each year
- 40
- Expected hiring change, 2022–2032
- 4.7%
Compare every available state
| State | People doing it | Job openings each year | Expected change |
|---|---|---|---|
| New York | 7,740 | 40 | 4.7% |
| Texas | 6,730 | 500 | 8.4% |
| California | 6,100 | 400 | −6.2% |
| Florida | 3,830 | 260 | — |
| Illinois | 3,610 | 230 | −8.1% |
| North Carolina | 3,350 | 230 | — |
| Ohio | 2,600 | 180 | −1.9% |
| Pennsylvania | 2,330 | 150 | −4.9% |
| Arizona | 2,160 | 160 | 6.9% |
| Virginia | 2,150 | 140 | −5.7% |
| Washington | 2,070 | 150 | 3.0% |
| Colorado | 1,980 | 130 | −2.5% |
| New Jersey | 1,980 | 130 | −5.7% |
| Minnesota | 1,670 | 110 | −4.6% |
| Wisconsin | 1,630 | 110 | −3.6% |
| Georgia | 1,450 | 100 | 2.8% |
| Missouri | 1,290 | 90 | −3.0% |
| Tennessee | 1,210 | 80 | −1.6% |
| Iowa | 1,180 | 80 | −1.7% |
| Utah | 1,170 | 90 | 7.3% |
| Michigan | 1,120 | 70 | −3.4% |
| Maryland | 1,110 | 70 | −5.9% |
| South Carolina | 1,060 | 80 | 8.2% |
| Puerto Rico | 1,000 | 70 | 2.0% |
| Kentucky | 980 | 70 | −3.0% |
| Oklahoma | 910 | 60 | — |
| Oregon | 790 | 50 | −4.8% |
| Massachusetts | 660 | 40 | −5.7% |
| Connecticut | 590 | 40 | −6.3% |
| Indiana | 540 | 40 | −5.3% |
| Kansas | 460 | 30 | −6.1% |
| Nebraska | 440 | 30 | — |
| Nevada | 440 | 30 | 4.8% |
| South Dakota | 350 | 20 | — |
| Arkansas | 320 | 20 | — |
| New Hampshire | 320 | 20 | 3.2% |
| Alabama | 300 | 20 | — |
| Louisiana | 290 | 20 | −12.1% |
| Mississippi | 290 | 20 | — |
| Montana | 260 | 20 | — |
| Maine | 250 | 20 | −3.8% |
| North Dakota | 240 | 20 | 4.3% |
| West Virginia | 150 | 10 | 7.1% |
| Idaho | 130 | 10 | — |
| Wyoming | 130 | 10 | 18.2% |
| Rhode Island | 120 | 10 | −7.7% |
| New Mexico | 90 | 10 | — |
| Vermont | 90 | 10 | −10.0% |
| Alaska | 30 | 0 | — |
Career to college
Build a path toward this work.
Start with a related major, then compare colleges where students complete that field.
Where to study
Colleges with strong activity in these fields.
Start with program size, admission, and likely cost. Open a college for the full picture.
CUNY Bernard M Baruch College
- Degrees each year
- 1,416
- Admit rate
- 50%
- Annual cost after aid
- $6,000
Program entryApply after enrollment
Open college OHOhio State University-Main Campus
- Degrees each year
- 1,114
- Admit rate
- 51%
- Annual cost after aid
- $10,000
Program entryOpen major
Open college FLFlorida State University
- Degrees each year
- 840
- Admit rate
- 25%
- Annual cost after aid
- $10,000
Program entryApply after enrollment
Open college PAPennsylvania State University-Main Campus
- Degrees each year
- 795
- Admit rate
- 54%
- Annual cost after aid
- $26,000
Program entryDirect to major
Open college SCUniversity of South Carolina-Columbia
- Degrees each year
- 752
- Admit rate
- 61%
- Annual cost after aid
- $20,000
Program entryOpen major
Open college ALThe University of Alabama
- Degrees each year
- 798
- Admit rate
- 76%
- Annual cost after aid
- $22,000
Program entryOpen major
Open college FLFlorida International University
- Degrees each year
- 747
- Admit rate
- 59%
- Annual cost after aid
- $11,000
Program entryOpen major
Open college GAUniversity of Georgia
- Degrees each year
- 690
- Admit rate
- 37%
- Annual cost after aid
- $13,000
Program entryApply after enrollment
Open collegeCompare every college offering finance and financial management services