Credit Analyst
Quick Facts
Median Salary$64,806
Most Common EducationBachelor's degree
Projected 10-Year Growth-20.26%
Assessment MatchTake the Assessment
What They Do
A Credit Analyst reviews credit history and researches other records to determine if loans should be approved or credit extended to individuals or businesses. Prepares reports for banks, credit agencies and credit card companies.
Core 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.
- Prepare reports that include the degree of risk involved in extending credit or lending money.
- Generate financial ratios, using computer programs, to evaluate customers' financial status.
- 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.
What to expect as a Credit Analyst
1Earn a Bachelor's degree
73% of people achieve this level of education.
2Gain skills and experience
See Credit Analyst related courses on Tallo
3Land a job
965 openings for Credit Analysts
Career Progression
in United States (Nation)
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