Salary Breakdown
Credit Analysts
Average
$67,300
ANNUAL
$32.36
HOURLY
Entry Level
$40,630
ANNUAL
$19.54
HOURLY
Mid Level
$61,020
ANNUAL
$29.34
HOURLY
Expert Level
$101,960
ANNUAL
$49.02
HOURLY
Projected Jobs
Credit Analysts
820
Projected job openings through 2030
Sample Career Roadmap
Credit Analysts
Supporting Programs
Credit Analysts
No Results
Top Expected Tasks
Credit Analysts
01
Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.
02
Complete loan applications, including credit analyses and summaries of loan requests, and submit to loan committees for approval.
03
Generate financial ratios, using computer programs, to evaluate customers' financial status.
04
Prepare reports that include the degree of risk involved in extending credit or lending money.
05
Analyze financial data, such as income growth, quality of management, and market share to determine expected profitability of loans.
06
Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations.
07
Contact customers to collect payments on delinquent accounts.
08
Evaluate customer records and recommend payment plans, based on earnings, savings data, payment history, and purchase activity.
09
Review individual or commercial customer files to identify and select delinquent accounts for collection.
10
Confer with credit association and other business representatives to exchange credit information.
Knowledge, Skills & Abilities
Credit Analysts
Common knowledge, skills & abilities needed to get a foot in the door.
KNOWLEDGE
Economics and Accounting
KNOWLEDGE
English Language
KNOWLEDGE
Mathematics
KNOWLEDGE
Law and Government
KNOWLEDGE
Administrative
SKILL
Critical Thinking
SKILL
Active Learning
SKILL
Reading Comprehension
SKILL
Speaking
SKILL
Active Listening
ABILITY
Oral Expression
ABILITY
Inductive Reasoning
ABILITY
Oral Comprehension
ABILITY
Written Comprehension
ABILITY
Deductive Reasoning
Related Careers
Financial Services
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