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Credit Analysis Specialist Training and Jobs

Schools | Education | Overview | Requirements | The Work | Regions | Part-Time | Video | By City

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.

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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.

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.

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

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).

Part-Time and Self Employment

Credit analysis specialists working part-time accounted for 5% of those employed in 2008.

Career Videos

Career Video for Credit Analysis Specialists

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 $62,000 190 -19%
Huntsville $57,000 130 +35%
Mobile $56,000 50 -38%
Montgomery $43,000 90 +20%

Arizona

City and Area Median Salary Employees Job Density
Phoenix $62,000 4,200 +397%
Tucson $45,000 40 -75%

Arkansas

City and Area Median Salary Employees Job Density
Fayetteville $67,000 40 -58%
Little Rock $51,000 90 -45%

California

City and Area Median Salary Employees Job Density
Bakersfield $49,000 80 -34%
Fresno $65,000 100 -34%
Los Angeles $70,000 1,970 +1%
Modesto $64,000 60 -15%
Oakland $75,000 480 +0%
Oxnard $78,000 200 +43%
Riverside $89,000 410 -29%
Sacramento $59,000 310 -25%
San Diego $68,000 580 -8%
San Francisco $99,000 870 +83%
San Jose $66,000 380 -12%
Santa Ana $74,000 760 +9%
Santa Barbara $69,000 60 -22%
Santa Rosa $66,000 70 -12%
Stockton $95,000 60 -38%

Colorado

City and Area Median Salary Employees Job Density
Boulder $54,000 70 +0%
Colorado Springs $55,000 100 -15%
Denver $83,000 480 -20%

Connecticut

City and Area Median Salary Employees Job Density
Bridgeport $116,000 530 +162%
Danbury $92,000 60 +104%
Hartford $78,000 300 +10%
New Haven $75,000 90 -29%
Norwich $47,000 40 -28%

Delaware

City and Area Median Salary Employees Job Density
Wilmington $64,000 1,180 +669%

District of Columbia

City and Area Median Salary Employees Job Density
Washington $74,000 1,430 +22%

Florida

City and Area Median Salary Employees Job Density
Fort Lauderdale $64,000 470 +41%
Jacksonville $65,000 700 +144%
Miami $68,000 440 -6%
Naples $79,000 30 -40%
Orlando $56,000 240 -51%
Palm Bay 90 -1%
Sarasota $55,000 40 -65%
Tallahassee $52,000 50 -32%
Tampa $57,000 430 -22%
West Palm Beach $58,000 190 -23%

Georgia

City and Area Median Salary Employees Job Density
Atlanta $70,000 1,680 +51%
Augusta $67,000 30 -68%
Columbus $64,000 80 +62%
Dalton $71,000 130 +345%
Macon $62,000 40 +0%

Hawaii

City and Area Median Salary Employees Job Density
Honolulu $64,000 70 -66%

Idaho

City and Area Median Salary Employees Job Density
Boise $59,000 70 -43%

Illinois

City and Area Median Salary Employees Job Density
Chicago $70,000 2,240 +24%
Rockford $46,000 60 -6%
Springfield $37,000 80 +66%

Indiana

City and Area Median Salary Employees Job Density
Evansville $57,000 80 +2%
Fort Wayne $61,000 60 -37%
Gary $71,000 60 -52%
Indianapolis $56,000 490 +14%
Lafayette $60,000 80 +144%
South Bend $54,000 50 -14%

Iowa

City and Area Median Salary Employees Job Density
Davenport $59,000 50 -42%
Waterloo $50,000 40 +6%

Kansas

City and Area Median Salary Employees Job Density
Wichita $60,000 60 -56%

Kentucky

City and Area Median Salary Employees Job Density
Lexington $47,000 30 -73%
Louisville $58,000 180 -38%

Louisiana

City and Area Median Salary Employees Job Density
Baton Rouge $61,000 40 -77%
New Orleans $58,000 90 -64%

Maine

City and Area Median Salary Employees Job Density
Portland $45,000 140 +51%

Maryland

City and Area Median Salary Employees Job Density
Baltimore $65,000 620 -1%
Bethesda $70,000 260 -6%

Massachusetts

City and Area Median Salary Employees Job Density
Boston $66,000 640 -23%
Framingham $59,000 190 +154%
Haverhill $65,000 40 +11%
Lowell $59,000 50 -8%
Peabody $60,000 80 +76%
Springfield $64,000 130 -7%
Worcester $50,000 170 +45%

Michigan

City and Area Median Salary Employees Job Density
Ann Arbor $63,000 70 -9%
Detroit $56,000 260 -19%
Grand Rapids $62,000 120 -33%
Holland $48,000 40 -6%
Kalamazoo $58,000 40 -35%
Lansing $54,000 40 -56%
Warren $61,000 380 -27%

Minnesota

City and Area Median Salary Employees Job Density
Minneapolis $61,000 1,140 +33%
St Cloud $53,000 50 +18%

Mississippi

City and Area Median Salary Employees Job Density
Jackson $50,000 50 -58%

Missouri

City and Area Median Salary Employees Job Density
Jefferson City $71,000 40 +24%
Joplin $46,000 50 +45%
Kansas City $65,000 420 -14%
Springfield $44,000 70 -21%
St Louis $68,000 620 -3%

Nebraska

City and Area Median Salary Employees Job Density
Lincoln $59,000 110 +50%
Omaha $63,000 570 +155%

Nevada

City and Area Median Salary Employees Job Density
Las Vegas $60,000 330 -19%

New Hampshire

City and Area Median Salary Employees Job Density
Manchester $58,000 70 +51%
Portsmouth $63,000 50 +105%

New Jersey

City and Area Median Salary Employees Job Density
Atlantic City $61,000 50 -24%
Camden $61,000 200 -20%
Edison $65,000 390 -21%
Newark $76,000 440 -8%
Trenton $83,000 130 +23%

New Mexico

City and Area Median Salary Employees Job Density
Albuquerque $58,000 70 -62%

New York

City and Area Median Salary Employees Job Density
Albany $62,000 110 -49%
Buffalo $67,000 450 +71%
Nassau $69,000 440 -28%
New York $111,000 4,160 +66%
Poughkeepsie $75,000 30 -74%
Rochester $75,000 110 -54%
Syracuse $62,000 100 -32%

North Carolina

City and Area Median Salary Employees Job Density
Charlotte $76,000 1,110 +171%
Durham $57,000 70 -46%
Greensboro $70,000 70 -58%
Raleigh $65,000 460 +87%
Wilmington $62,000 30 -52%
Winston Salem $66,000 130 +33%

North Dakota

City and Area Median Salary Employees Job Density
Fargo $64,000 40 -27%
Grand Forks $50,000 30 +49%

Ohio

City and Area Median Salary Employees Job Density
Akron $65,000 120 -21%
Canton $61,000 120 +57%
Cincinnati $65,000 460 -5%
Cleveland $54,000 780 +59%
Dayton $60,000 80 -56%
Toledo $54,000 70 -49%
Youngstown $55,000 50 -53%

Oklahoma

City and Area Median Salary Employees Job Density
Oklahoma City $59,000 180 -35%

Oregon

City and Area Median Salary Employees Job Density
Eugene $52,000 40 -38%
Portland $59,000 550 +12%

Pennsylvania

City and Area Median Salary Employees Job Density
Allentown $53,000 90 -45%
Harrisburg $52,000 120 -21%
Lancaster $62,000 40 -64%
Philadelphia $68,000 860 -6%
Pittsburgh $64,000 400 -27%
Reading $60,000 100 +30%
Scranton $54,000 50 -59%

Rhode Island

City and Area Median Salary Employees Job Density
Providence $93,000 190 -29%

South Carolina

City and Area Median Salary Employees Job Density
Charleston $81,000 70 -48%
Columbia $54,000 310 +87%
Florence $47,000 40 +15%
Greenville $61,000 160 +13%

South Dakota

City and Area Median Salary Employees Job Density
Rapid City $56,000 30 +10%
Sioux Falls $51,000 250 +294%

Tennessee

City and Area Median Salary Employees Job Density
Chattanooga $57,000 90 -15%
Clarksville $61,000 40 +17%
Johnson City $66,000 30 -4%
Knoxville $63,000 110 -30%
Memphis $52,000 220 -25%
Nashville $62,000 460 +30%

Texas

City and Area Median Salary Employees Job Density
Amarillo $60,000 50 +5%
Dallas $69,000 2,250 +123%
El Paso $75,000 90 -30%
Fort Worth $69,000 720 +74%
Houston $69,000 1,220 -4%
Killeen $35,000 50 -14%
Longview $68,000 40 -6%
Lubbock $52,000 60 +5%
Mcallen $45,000 50 -53%
Midland $44,000 80 +196%
San Antonio $66,000 380 -9%
Tyler $85,000 30 -25%

Utah

City and Area Median Salary Employees Job Density
Salt Lake City $61,000 330 +14%

Vermont

City and Area Median Salary Employees Job Density
Burlington $68,000 50 0%

Virginia

City and Area Median Salary Employees Job Density
Richmond $57,000 470 +60%
Roanoke $53,000 70 -2%
Virginia Beach $62,000 220 -39%

Washington

City and Area Median Salary Employees Job Density
Seattle $70,000 620 -8%
Spokane $62,000 120 +26%
Tacoma $56,000 90 -27%

Wisconsin

City and Area Median Salary Employees Job Density
Appleton $45,000 40 -23%
Green Bay $59,000 100 +29%
Madison $53,000 170 +6%
Milwaukee $55,000 450 +13%
Racine $60,000 100 +209%
Wausau $51,000 40 +40%
*FOOTNOTES: Job Facts salary and numbers data is based on US Department of Labor Statistics data for 2011. Other data on page may be from earlier years. Typical salary is given as median salary, where 50% in the job make more and 50% less. Salary range is Job Hunt's estimates of typical starting salary as being at the 10th percentile of reported pay and typical top end salary, for the most senior workers, as being at the 90th. Job openings is an estimate of new jobs every year due to growth plus those leaving the field. Where NA is given data is not available. Suggested studies is based on Job Hunt research, suggesting a minimum degree level that is judged to offer the best opportunities for entry-level employment. This Credit Analysts schools and career page was originally researched by CityTownInfo.com.