Credit Analysts Job Overview
Credit analysts evaluate the ability of companies and individuals to pay back their loans and other types of debts. A credit analyst determines the risk involved in providing business loans and extending lines of credit. Commercial credit analysts work for banks and other types of commercial lenders and for government agencies.
Credit Analysts Schools and Degrees
A lot of colleges and universities offer degrees in the subjects of accounting, finance, economics and business. Undergraduate and graduate degrees are available.
Job Requirements
Most employers require credit analysts to have a bachelor's degree in accounting, finance, economics, business or a related financial field.
Nature of Work
- Develop financial profiles for companies
- Evaluate customer's records and recommend payment plans
- Compare credit histories, liquidity and profitability of companies being evaluated with similar companies in the same industries and locations
- Evaluate a company's income growth, market share, management quality and other items to estimate the expected profitability from the loans
Credit Analysts Jobs and Outlook
The top employment sectors are shown below:
- Banks
- Lending institutions
- Government agencies
In 2009 the median annual salary for credit analysts was $57,470. Job Numbers and Growth About 67,000 credit analysis specialists can be found working in the US. A very low unemployment level has been the case recently. Employees without jobs were about 1%. Area Job Conditions Finding employees is easiest in Phoenix (Arizona), Sioux Falls (South Dakota), and Florence (South Carolina), and by comparison more challenging in Lansing (Michigan), Palm Bay (Florida), and Baton Rouge (Louisiana). The pay is best in New York (New York), Stockton (California), and San Francisco (California) and worst in Florence (South Carolina), Tuscaloosa (Alabama), and Killeen (Texas). Training and Education You'll generally want a bachelor's degree for this career path. Of current employees, 60% graduated from college with degrees. Some 25% of credit analysis specialists attened college but did not go on to get a bachelor's degree. A high school education was sufficient for 15% of workers. Recommended schools are shown in the column to the right; request information from them to help you decide which if any could help you with this career. Part-Time Work and Self-Employment Credit analysis specialists working part-time accounted for 5% of those employed in 2008.
Credit Analysis Specialists by Metropolitan Area (city and its surroundings) In the table below, a Job Density near 0% means the area has an average number of people in this occupation, for its population. A higher or lower Job Density (e.g., +22% or -45%) tells you there are that many more or fewer workers of that type there than in the average US metro area. So, the higher the number, the more common the occupation. Alabama | City and Area | Median Salary | Employees | Job Density |
|---|
| Birmingham | $57,000 | 220 | -22% | | Montgomery | $43,000 | 100 | +12% | | Tuscaloosa | $38,000 | 30 | -33% |
Arizona | City and Area | Median Salary | Employees | Job Density |
|---|
| Phoenix | $47,000 | 7,770 | +664% | | Tucson | $56,000 | 90 | -55% |
Arkansas | City and Area | Median Salary | Employees | Job Density |
|---|
| Fayetteville | $59,000 | 50 | -52% | | Fort Smith | $50,000 | 30 | -50% | | Little Rock | $55,000 | 140 | -23% |
California | City and Area | Median Salary | Employees | Job Density |
|---|
| Bakersfield | $57,000 | 110 | -22% | | Fresno | $71,000 | 160 | -10% | | Modesto | $68,000 | 70 | -18% | | Oakland | $75,000 | 570 | +1% | | Oxnard | $81,000 | 170 | +7% | | Riverside | $78,000 | 640 | -8% | | Sacramento | $70,000 | 420 | -13% | | Salinas | $64,000 | 40 | -50% | | San Diego | $67,000 | 720 | -1% | | San Francisco | $90,000 | 870 | +60% | | San Jose | $73,000 | 620 | +24% | | Santa Ana | $65,000 | 1,310 | +57% | | Santa Barbara | $69,000 | 80 | -8% | | Santa Rosa | $74,000 | 100 | +4% | | Stockton | $84,000 | 60 | -47% | | Vallejo | $64,000 | 70 | +12% | | Visalia | $74,000 | 30 | -57% |
Colorado | City and Area | Median Salary | Employees | Job Density |
|---|
| Boulder | $61,000 | 80 | -4% | | Colorado Springs | $57,000 | 100 | -25% | | Denver | $84,000 | 760 | +11% |
Connecticut | City and Area | Median Salary | Employees | Job Density |
|---|
| Bridgeport | $67,000 | 290 | +23% | | Hartford | $65,000 | 350 | +12% | | New Haven | $60,000 | 90 | -40% | | Norwich | $49,000 | 40 | -37% |
District of Columbia | City and Area | Median Salary | Employees | Job Density |
|---|
| Washington | $75,000 | 990 | -22% |
Florida | City and Area | Median Salary | Employees | Job Density |
|---|
| Cape Coral | $54,000 | 40 | -64% | | Fort Lauderdale | $59,000 | 340 | -15% | | Jacksonville | $66,000 | 660 | +102% | | Lakeland | $54,000 | 40 | -61% | | Miami | $60,000 | 400 | -26% | | Orlando | $60,000 | 350 | -39% | | Palm Bay | $46,000 | 30 | -71% | | Tallahassee | $52,000 | 50 | -41% | | Tampa | $49,000 | 620 | -6% | | West Palm Beach | $54,000 | 300 | +3% |
Georgia | City and Area | Median Salary | Employees | Job Density |
|---|
| Atlanta | $76,000 | 1,610 | +24% | | Columbus | $49,000 | 80 | +45% | | Macon | $54,000 | 50 | 0% |
Hawaii | City and Area | Median Salary | Employees | Job Density |
|---|
| Honolulu | $52,000 | 100 | -57% |
Idaho | City and Area | Median Salary | Employees | Job Density |
|---|
| Boise | $54,000 | 50 | -65% |
Illinois | City and Area | Median Salary | Employees | Job Density |
|---|
| Chicago | $72,000 | 2,700 | +29% | | Rockford | $45,000 | 70 | -11% |
Indiana | City and Area | Median Salary | Employees | Job Density |
|---|
| Columbus | | 30 | +52% | | Elkhart | $53,000 | 40 | -39% | | Evansville | $54,000 | 100 | +10% | | Fort Wayne | $55,000 | 70 | -37% | | Gary | $73,000 | 80 | -46% | | Indianapolis | $52,000 | 400 | -18% | | South Bend | $46,000 | 80 | +14% |
Iowa | City and Area | Median Salary | Employees | Job Density |
|---|
| Cedar Rapids | $81,000 | 50 | -28% | | Davenport | $47,000 | 70 | -27% | | Des Moines | $56,000 | 300 | +71% | | Sioux City | $49,000 | 40 | +15% |
Kansas | City and Area | Median Salary | Employees | Job Density |
|---|
| Wichita | $61,000 | 80 | -51% |
Kentucky | City and Area | Median Salary | Employees | Job Density |
|---|
| Lexington | $94,000 | 40 | -69% | | Louisville | $64,000 | 140 | -58% |
Louisiana | City and Area | Median Salary | Employees | Job Density |
|---|
| Baton Rouge | $46,000 | 30 | -85% | | New Orleans | $57,000 | 120 | -56% | | Shreveport | $62,000 | 40 | -56% |
Maine | City and Area | Median Salary | Employees | Job Density |
|---|
| Portland | $54,000 | 110 | +3% |
Maryland | City and Area | Median Salary | Employees | Job Density |
|---|
| Baltimore | $68,000 | 780 | +10% | | Bethesda | $79,000 | 330 | +7% |
Massachusetts | City and Area | Median Salary | Employees | Job Density |
|---|
| Boston | $73,000 | 880 | -6% | | Framingham | $57,000 | 150 | +78% | | Lowell | $49,000 | 50 | -19% | | Springfield | $56,000 | 100 | -37% | | Worcester | $55,000 | 80 | -39% |
Michigan | City and Area | Median Salary | Employees | Job Density |
|---|
| Ann Arbor | $56,000 | 50 | -42% | | Detroit | $52,000 | 490 | +27% | | Flint | $48,000 | 50 | -29% | | Grand Rapids | $48,000 | 120 | -41% | | Holland | $48,000 | 40 | -22% | | Kalamazoo | $47,000 | 30 | -57% | | Lansing | $39,000 | 30 | -70% | | Warren | $66,000 | 660 | +5% |
Minnesota | City and Area | Median Salary | Employees | Job Density |
|---|
| Minneapolis | $62,000 | 890 | -9% | | St Cloud | $52,000 | 60 | +17% |
Mississippi | City and Area | Median Salary | Employees | Job Density |
|---|
| Jackson | $54,000 | 50 | -63% |
Missouri | City and Area | Median Salary | Employees | Job Density |
|---|
| Kansas City | $59,000 | 490 | -13% | | Springfield | $43,000 | 90 | -12% | | St Louis | $62,000 | 650 | -12% |
Montana | City and Area | Median Salary | Employees | Job Density |
|---|
| Missoula | $43,000 | 40 | +63% |
Nebraska | City and Area | Median Salary | Employees | Job Density |
|---|
| Lincoln | $51,000 | 110 | +30% | | Omaha | $58,000 | 530 | +112% |
Nevada | City and Area | Median Salary | Employees | Job Density |
|---|
| Las Vegas | $65,000 | 470 | -7% | | Reno | $65,000 | 70 | -36% |
New Hampshire | City and Area | Median Salary | Employees | Job Density |
|---|
| Manchester | $55,000 | 50 | -5% |
New Jersey | City and Area | Median Salary | Employees | Job Density |
|---|
| Camden | $66,000 | 140 | -51% | | Edison | $64,000 | 390 | -31% | | Newark | $68,000 | 320 | -42% | | Trenton | $73,000 | 100 | -12% |
New Mexico | City and Area | Median Salary | Employees | Job Density |
|---|
| Albuquerque | $58,000 | 80 | -62% |
New York | City and Area | Median Salary | Employees | Job Density |
|---|
| Albany | $62,000 | 100 | -58% | | Binghamton | $64,000 | 50 | -7% | | Buffalo | $66,000 | 170 | -42% | | Nassau | $64,000 | 430 | -37% | | New York | $104,000 | 5,860 | +109% | | Poughkeepsie | $82,000 | 70 | -45% | | Rochester | $58,000 | 140 | -48% | | Syracuse | $53,000 | 100 | -40% |
North Carolina | City and Area | Median Salary | Employees | Job Density |
|---|
| Charlotte | $78,000 | 900 | +87% | | Durham | $65,000 | 60 | -59% | | Raleigh | $59,000 | 290 | +5% | | Wilmington | $67,000 | 40 | -46% | | Winston Salem | $59,000 | 90 | -21% |
Ohio | City and Area | Median Salary | Employees | Job Density |
|---|
| Akron | $58,000 | 60 | -67% | | Canton | $74,000 | 40 | -56% | | Cincinnati | $64,000 | 370 | -35% | | Cleveland | $51,000 | 600 | +4% | | Columbus | $60,000 | 380 | -25% | | Dayton | $53,000 | 80 | -62% | | Toledo | $56,000 | 90 | -46% | | Youngstown | $48,000 | 50 | -60% |
Oklahoma | City and Area | Median Salary | Employees | Job Density |
|---|
| Oklahoma City | $43,000 | 330 | +8% | | Tulsa | $49,000 | 170 | -28% |
Oregon | City and Area | Median Salary | Employees | Job Density |
|---|
| Eugene | $58,000 | 60 | -22% | | Medford | $40,000 | 40 | -4% | | Portland | $58,000 | 300 | -47% | | Salem | $65,000 | 50 | -36% |
Pennsylvania | City and Area | Median Salary | Employees | Job Density |
|---|
| Allentown | $57,000 | 80 | -56% | | Harrisburg | $47,000 | 60 | -65% | | Lancaster | $56,000 | 40 | -68% | | Philadelphia | $59,000 | 1,130 | +10% | | Pittsburgh | $59,000 | 470 | -24% | | Reading | $70,000 | 40 | -53% | | Scranton | $52,000 | 60 | -56% |
Rhode Island | City and Area | Median Salary | Employees | Job Density |
|---|
| Providence | $74,000 | 180 | -41% |
South Carolina | City and Area | Median Salary | Employees | Job Density |
|---|
| Columbia | $56,000 | 180 | -4% | | Florence | $38,000 | 170 | +309% | | Greenville | $56,000 | 240 | +48% | | Spartanburg | $72,000 | 40 | -36% |
South Dakota | City and Area | Median Salary | Employees | Job Density |
|---|
| Rapid City | $40,000 | 70 | +132% | | Sioux Falls | $58,000 | 300 | +323% |
Tennessee | City and Area | Median Salary | Employees | Job Density |
|---|
| Chattanooga | $48,000 | 70 | -43% | | Clarksville | $61,000 | 60 | +62% | | Kingsport | $47,000 | 40 | -31% | | Memphis | $56,000 | 200 | -41% | | Nashville | $59,000 | 680 | +64% |
Texas | City and Area | Median Salary | Employees | Job Density |
|---|
| Amarillo | $65,000 | 30 | -40% | | Austin | $90,000 | 530 | +28% | | Brownsville | | 40 | -37% | | Corpus Christi | $55,000 | 60 | -35% | | Dallas | $59,000 | 2,490 | +117% | | Fort Worth | $64,000 | 660 | +41% | | Houston | $72,000 | 1,620 | +15% | | Killeen | $37,000 | 90 | +48% | | Lubbock | $60,000 | 90 | +46% | | Mcallen | $52,000 | 60 | -48% | | Midland | $46,000 | 60 | +87% | | San Antonio | $59,000 | 280 | -39% |
Utah | City and Area | Median Salary | Employees | Job Density |
|---|
| Ogden | $51,000 | 40 | -62% | | Salt Lake City | $59,000 | 380 | +12% |
Vermont | City and Area | Median Salary | Employees | Job Density |
|---|
| Burlington | $48,000 | 40 | -28% |
Virginia | City and Area | Median Salary | Employees | Job Density |
|---|
| Lynchburg | $78,000 | 40 | -21% | | Richmond | $69,000 | 480 | +48% | | Roanoke | $59,000 | 80 | -2% | | Virginia Beach | $55,000 | 260 | -37% |
Washington | City and Area | Median Salary | Employees | Job Density |
|---|
| Seattle | $64,000 | 730 | -7% | | Spokane | $56,000 | 80 | -27% | | Tacoma | $54,000 | 80 | -44% |
West Virginia | City and Area | Median Salary | Employees | Job Density |
|---|
| Charleston | $46,000 | 30 | -60% |
Wisconsin | City and Area | Median Salary | Employees | Job Density |
|---|
| Appleton | $50,000 | 70 | +21% | | Green Bay | $56,000 | 70 | -19% | | Madison | $47,000 | 140 | -21% | | Milwaukee | $51,000 | 360 | -22% | | Wausau | $53,000 | 80 | +145% |
Salary and employment data obtained from the United States Department of Labor. Individual salaries depend on location, education and career background. Thanks to CityTownInfo.com for this credit analysis specialist schools and jobs info.
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