Median pay
$80,970
Median annual pay for Credit Analysts.
U.S. Bureau of Labor Statistics · 2024
View source ↗
View source ↗
Business and Finance
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.
10-year growth
-4.4%
Projected employment growth from 2024 to 2034.
U.S. Bureau of Labor Statistics · 2024–2034 projections
View source ↗
View source ↗
Annual openings
3,700
Projected annual openings, including growth and replacement demand.
U.S. Bureau of Labor Statistics · 2024–2034 projections
View source ↗
View source ↗
Employment
67,800
Estimated U.S. employment for Credit Analysts in 2024.
U.S. Bureau of Labor Statistics · 2024
View source ↗
View source ↗
Jobs added or lost
-3,000
Projected numeric employment change from 2024 to 2034.
U.S. Bureau of Labor Statistics · 2024–2034 projections
View source ↗
View source ↗
Entry preparation
Bachelor's degree
Typical education needed to enter Credit Analysts.
U.S. Bureau of Labor Statistics · 2024 profile
View source ↗
View source ↗
O*NET occupation profile
What the work involves
Strongest O*NET signals first.
Essential skills
- 1Critical Thinking
- 2Active Learning
- 3Reading Comprehension
- 4Speaking
- 5Active Listening
- 6Mathematics
Knowledge areas
- 1Economics and Accounting
- 2English Language
- 3Mathematics
- 4Law and Government
- 5Administrative
- 6Computers and Electronics
Abilities
- 1Oral Expression
- 2Inductive Reasoning
- 3Oral Comprehension
- 4Written Comprehension
- 5Deductive Reasoning
- 6Mathematical Reasoning
Career interests
- 1Conventional
- 2Enterprising
- 3Investigative
- 4Social
- 5Artistic
- 6Realistic
Work styles
- 1Attention to Detail
- 2Dependability
- 3Cautiousness
- 4Integrity
- 5Intellectual Curiosity
- 6Achievement Orientation
Work activities
- 1Analyzing Data or Information
- 2Getting Information
- 3Working with Computers
- 4Processing Information
- 5Communicating with Supervisors, Peers, or Subordinates
- 6Making Decisions and Solving Problems
Work context
- 1E-Mail
- 2Indoors, Environmentally Controlled
- 3Spend Time Sitting
- 4Face-to-Face Discussions with Individuals and Within Teams
- 5Telephone Conversations
- 6Importance of Being Exact or Accurate
Representative tasks
- 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.
- Contact customers to collect payments on delinquent accounts.
Software and tools
Microsoft Excel · in demandMicrosoft Office software · in demandMicrosoft Outlook · in demandMicrosoft PowerPoint · in demandMicrosoft Word · in demandStructured query language SQL · hot technologyMicrosoft SQL Server · hot technologyMicrosoft Visual Basic · hot technologyMicrosoft Visual Basic for Applications VBA · hot technologySAS · hot technologyPython · hot technologySAP software · hot technology
Sources
BLS provides national pay, employment, and projections. O*NET provides skills, interests, preparation, tasks, work context, and tools.