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2020 Credit Analysts Salary Guide

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 decision making.

Credit Analysts Salary

Salary

$73.7K

Growth

5%

Bright Outlook

Average

Green

No

Credit Analysts Job Description

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 decision making.

Also known as:

Underwriter, Credit Manager, Analyst, Credit Representative, Credit Administrator, Risk Analyst, Credit and Collections Analyst, Credit Risk Analyst, Credit Analyst

How Much Do Credit Analysts Make ? 2020

Percentile 10% 25% 50% (Median) 75% 90%
Annual Wage $43,430 $55,320 $73,650 $101,860 $145,840
Hourly Wage $20.88 $26.60 $35.41 $48.97 $70.11

How Much Do Credit Analysts Make ? 2020

Percentile
10%
25%
50% (Median)
75%
90%
Annual Wage
$43,430
$55,320
$73,650
$101,860
$145,840
Hourly Wage
$20.88
$26.60
$35.41
$48.97
$70.11

Credit Analysts Tasks

  • 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.
  • Consult with customers to resolve complaints and verify financial and credit transactions.
  • Prepare reports that include 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.
  • 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.
  • Analyze financial data such as income growth, quality of management, and market share to determine expected profitability of loans.
  • Evaluate customer records and recommend payment plans, based on earnings, savings data, payment history, and purchase activity.
  • Confer with credit association and other business representatives to exchange credit information.

What Activities Do Credit Analysts Do?

  • Analyze business or financial data.
  • Assess risks to business operations.
  • Calculate data to inform organizational operations.
  • Correspond with customers to answer questions or resolve complaints.
  • Prepare financial documents, reports, or budgets.
  • Prepare contracts or other transaction documents.
  • Analyze market conditions or trends.
  • Examine financial records.
  • Analyze business or financial data.
  • Advise others on financial matters.
  • Assess financial status of clients.
  • Confer with others about financial matters.

Typical Credit Analysts Knowledge?

  • Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
  • Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.

What Are Typical Credit Analysts Abilities?

  • Mathematical Reasoning - Choosing the right type of math to solve a problem.
  • Problem Sensitivity - Noticing when problems happen.
  • Inductive Reasoning - Making general rules or coming up with answers from lots of detailed information.
  • Number Facility - Adding, subtracting, multiplying, or dividing.
  • Oral Expression - Communicating by speaking.
  • Oral Comprehension - Listening and understanding what people say.
  • Deductive Reasoning - Using rules to solve problems.
  • Near Vision - Seeing details up close.
  • Information Ordering - Ordering or arranging things.
  • Written Comprehension - Reading and understanding what is written.
  • Speech Clarity - Speaking clearly.

What Are Typical Credit Analysts Skills? 2020

  • Critical Thinking - Thinking about the pros and cons of different ways to solve a problem.
  • Active Learning - Figuring out how to use new ideas or things.
  • Speaking - Talking to others.
  • Active Listening - Listening to others, not interrupting, and asking good questions.
  • Judgment and Decision Making - Thinking about the pros and cons of different options and picking the best one.
  • Reading Comprehension - Reading work-related information.
  • Mathematics - Using math to solve problems.

What Are Typical Credit Analysts Interests?

  • Conventional - Occupations related to Conventional interests frequently involve following set procedures and routines. They include working with data and details more than with ideas. Usually there is a clear line of authority to follow.
  • Enterprising - Occupations with Enterprising interests frequently involve starting up and carrying out projects. Many involve leading people and making many decisions. Sometimes they require risk taking and often deal with business.

What Is The Projected Employment For Credit Analysts ? 2020

Location 2018 Employment 2028 Employment Percent change Annual projected job openings
United States 75,800 79,500 5% 7,400

What Is The Projected Employment For Credit Analysts ? 2020

Location
2018 Employment
2028 Employment
Percent change
Annual projected job openings
United States
75,800
79,500
5%
7,400

What Is The Required Credit Analysts Education & Experience? 2020

  • Bachelor's degree
  • No work experience
  • No on-the-job training

Credit Analysts Schools ?

School Program Name Location Length / Graduates
Abilene Christian University Accounting Abilene, TX 4 years: 47
More than 4 years: 33
Abilene Christian University Finance, General Abilene, TX 4 years: 28
Academy College Accounting Bloomington, MN 2 years: 0
4 years: 1
Adelphi University Accounting Garden City, NY 4 years: 34
At least one but less than two years: 0
Less than one year: 1
More than 4 years: 13
Adelphi University Finance, General Garden City, NY 4 years: 23
More than 4 years: 0
Adrian College Accounting Adrian, MI 4 years: 16
More than 4 years: 7
Adrian College Finance, General Adrian, MI 4 years: 3
Aiken Technical College Accounting Graniteville, SC 2 years: 9
Aims Community College Accounting Greeley, CO 2 years: 5
Less than one year: 8
Alabama A & M University Accounting Normal, AL 4 years: 25

Credit Analysts Schools ?

School
Program Name
Location
Length / Graduates
Accounting
Abilene, TX
4 years: 47
More than 4 years: 33
Finance, General
Abilene, TX
4 years: 28
Accounting
Bloomington, MN
2 years: 0
4 years: 1
Accounting
Garden City, NY
4 years: 34
At least one but less than two years: 0
Less than one year: 1
More than 4 years: 13
Finance, General
Garden City, NY
4 years: 23
More than 4 years: 0
Accounting
Adrian, MI
4 years: 16
More than 4 years: 7
Finance, General
Adrian, MI
4 years: 3
Accounting
Graniteville, SC
2 years: 9
Accounting
Greeley, CO
2 years: 5
Less than one year: 8
Accounting
Normal, AL
4 years: 25

Credit Analysts Jobs Near Me .

Job Title Company Location Date Posted Federal Contractor
Actuarial Analyst - Medicaid Centene Corporation Clayton, Missouri 10/21/2020 Yes
Associate, Portfolio Risk Analyst CIT Jacksonville, Florida 10/21/2020 No
Business Banking Credit Review Manager Umpqua Bank Portland, Oregon 10/21/2020 Yes
Commercial Bank - Middle Market Banking & Specialized Industries - Program Analyst - Year 1 JPMorgan Chase New York, New York 10/21/2020 Yes
Commercial Bank - Risk -Credit Risk -Asset Based Lending, Vice President JPMorgan Chase Los Angeles, California 10/21/2020 Yes
Commercial Banking Credit Analyst Washington Federal Seattle, Washington 10/20/2020 No
Credit Analyst 4 U.S. Bank SAN DIEGO, California 10/21/2020 Yes
Credit Officer AgGeorgia Farm Credit Perry, Georgia 10/21/2020 No
Credit Support Specialist - Detroit, MI Comerica Detroit, Michigan 10/21/2020 No
CXA Analyst Lowe's Wilkesboro, North Carolina 10/21/2020 Yes

Credit Analysts Jobs Near Me .

Job Title
Company
Location
Date Posted
Federal Contractor
Centene Corporation
Clayton, Missouri
10/21/2020
Yes
CIT
Jacksonville, Florida
10/21/2020
No
Umpqua Bank
Portland, Oregon
10/21/2020
Yes
JPMorgan Chase
Los Angeles, California
10/21/2020
Yes
Washington Federal
Seattle, Washington
10/20/2020
No
U.S. Bank
SAN DIEGO, California
10/21/2020
Yes
AgGeorgia Farm Credit
Perry, Georgia
10/21/2020
No
Comerica
Detroit, Michigan
10/21/2020
No
Lowe's
Wilkesboro, North Carolina
10/21/2020
Yes

Credit Analysts 2020 Salary Guide By State

Common Careers