Credit Analyst

Explore This Path

Ideal for those who love analyzing financial data and assessing credit risk.
Influence financial decisions by evaluating creditworthiness and risk factors.
Use cutting-edge software to generate financial insights and guide lending choices.

💰 Earn $63K-$123K

📚 Bachelor Degree

⏱️ 24–48 MONTH TRAINING

📈 -3.9% JOB GROWTH

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What You’ll Do

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.

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.

Scoop

Minimum Education

Bachelor Degree

Career Prospects

Shaky (Decreasing by 1-5%)

Training Time

2 to 4 years

Job Openings

4,600 Annually

Median Earnings

$81,220 in California

$79,420 Nationally

$25K

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Real Talk Reel

Want to see what it's like to be a Credit Analyst? We've curated a playlist for you to get a glimpse into a day in the life.

@bookandtable

Best For You If...

YOU Like 💕

Influencing or leading others
Using data or completing tasks

You are skilled in 💫

Active Listening
Critical Thinking
Reading Comprehension
Speaking
Writing

You value 🙏

Having support
Having freedom
Personal relationships

Deep Dive

Credit Analyst

Explore career pathways, key skills, and what each role has to offer.

Pathways to this Career

Learn about the education and training paths that can lead to this career — and what to expect from each one.

Vocational School

A vocational school typically equips students with specialized skills and practical training in specific trades or occupations, enhancing their employability and providing direct pathways to relevant careers.

🎓 Skills-Focused

⏱️ FINISH IN 6 months - 2 years

Associate's Degree

An associate's degree typically provides graduates with foundational knowledge and skills for entry-level jobs in the graduate's industry, or serves as a stepping stone towards further education.

🎓 College

⏱️ FINISH IN 2-3 years

Bachelor's Degree

A bachelor's degree typically results in increased knowledge about a variety of academic subjects, specialized knowledge in a focused field of study, and is considered the foundational qualification for many careers.

🎓 College

⏱️ FINISH IN 4-5+ years

Hybrid College

A hybrid college combines online learning with the student support typically offered on college campuses, giving students flexibility and accessibility while still providing a comprehensive educational experience.

🎓 College

⏱️ FINISH IN 2-5 years

Workforce Development Program

A workforce development program typically enhances participants' opportunities to succeed in the workforce through employment skill-building, career counseling, connections to employers, and pathways to high-demand and high-wage jobs.

🎓 Skills-Focused

⏱️ FINISH IN 6 months - 2 years