Credit analysts

SOC Code: 13-2041
Also known as:
Commercial Credit Analyst, Commercial Credit Manager, Credit Administrator, Credit Analyst, Credit and Collections Analyst
Median Annual Salary
$80,970
-4.4% growth (2024-2034)
4K
Openings/Year
68K
Current Jobs

What Credit analysts Do

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.

💰 Salary

$80,970
Median annual wage (2024)

📈 Job Growth

-4.4%
Decline

🎓 Education

Bachelor's degree
Typical entry-level requirement

🚀 Annual Openings

4K
Projected average per year

Employment Projections (2024-2034)

Current Employment (2024)

67,800

Projected Employment (2034)

64,800

Related Careers

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Credit counselors

$50,480 • +3.3% growth
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Loan officers

$74,180 • +1.7% growth
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Credit authorizers, checkers, and clerks

$49,130 • -6.2% growth
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Loan interviewers and clerks

$48,950 • -2.3% growth
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Top Skills Required

Critical Thinking
Reading Comprehension
Speaking
Active Learning
Active Listening

Daily Tasks & Responsibilities

  • 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.
  • Consult with customers to resolve complaints and verify financial and credit transactions.

Technology & Tools

Microsoft Excel Microsoft Office software Microsoft Outlook Microsoft PowerPoint Microsoft SQL Server Microsoft Visual Basic Microsoft Visual Basic for Applications VBA Microsoft Word Python SAP software

📚 Entry-Level Education

Bachelor's degree
Most common requirement

🎯 Recommended Education

Bachelor's Degree
O*NET recommended level

Degree Programs for Credit analysts

These degree programs can prepare you for a career as a credit analysts:

Accounting

58,956 degrees awarded • 1,356 colleges offer this program
View Colleges →

Finance, General

49,828 degrees awarded • 745 colleges offer this program
View Colleges →

Best Colleges for Becoming a Credit analysts

Ranked by Repit grade, then by degrees in related programs. These are the top-rated colleges that prepare students to become credit analysts.

# College Location Related Degrees Repit Grade
1 University of Georgia Athens, GA 813 A
2 The University of Texas at Austin Austin, TX 745 A
3 University of Florida Gainesville, FL 516 A
4 University of Notre Dame Notre Dame, IN 377 A
5 Northwestern University Evanston, IL 361 A
6 Washington University in St Louis Saint Louis, MO 295 A
7 CUNY Bernard M Baruch College New York, NY 1,564 B+
8 Ohio State University-Main Campus Columbus, OH 1,246 B+
9 Pennsylvania State University-Main Campus University Park, PA 891 B+
10 Florida International University Miami, FL 856 B+
11 Florida State University Tallahassee, FL 805 B+
12 University of South Florida Tampa, FL 754 B+
13 Texas A & M University-College Station College Station, TX 737 B+
14 University of Wisconsin-Madison Madison, WI 650 B+
15 University of Central Florida Orlando, FL 632 B+
16 Clemson University Clemson, SC 630 B+
17 Boston College Chestnut Hill, MA 609 B+
18 University of Massachusetts-Amherst Amherst, MA 609 B+
19 Rutgers University-New Brunswick New Brunswick, NJ 598 B+
20 University of Illinois Urbana-Champaign Champaign, IL 569 B+

Want this ranking as a spreadsheet? Investor Pro+ members can export any Repit table to CSV. See plans →

Frequently Asked Questions

How much do credit analysts make?
The median annual salary for credit analysts is $80,970.
What education do credit analysts need?
Most credit analysts positions require a bachelor's degree. Common degree programs include Accounting, Finance, General.
Is becoming credit analysts a good career choice?
Credit analysts is projected to see -4.4% job growth from 2024 to 2034, which reflects some decline in the field. With approximately 3,700 job openings expected annually, there are good opportunities for those entering the field.
What are the best colleges for credit analysts?
Top colleges for aspiring credit analysts include University of Georgia, The University of Texas at Austin, University of Florida, University of Notre Dame, Northwestern University. These schools are ranked based on their Repit grade and the number of graduates in related programs.
What other job titles are similar to credit analysts?
Credit analysts may also be known as: Commercial Credit Analyst, Commercial Credit Manager, Credit Administrator, Credit Analyst, Credit and Collections Analyst, Credit Assessment Analyst, Credit Assistant Manager, Credit Coordinator, Credit Manager, Credit Negotiator, Credit Officer, Credit Portfolio Manager, Credit Representative, Credit Risk Analyst, Credit Risk Manager, Credit Risk Specialist, Credit Specialist, Escrow Representative, Factorer, Loan Review Analyst. These titles often refer to similar roles with varying responsibilities or specializations.