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.
Credit Analysts
SOC: 13-2041 O*NET: 13-2041.00
Median Salary
$80,970
per year
Job Growth
📉 -4.4%
Slower (2024-2034)
Annual Openings
3.7
projected jobs/year
Education Level
Bachelor's degree or higher
Job Zone 4
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.
What does a Credit Analysts do?
How much can you earn?
Entry Level
$52,930
10th percentile
Early Career
$63,850
25th percentile
Median
$80,970
50th percentile
Experienced
$113,850
75th percentile
Top Earners
$168,840
90th percentile
National Salary Distribution
10th
$52,930
25th
$63,850
Middle 50%
MEDIAN
$80,970
Mean: $98,040
75th
$113,850
90th
$168,840
Middle 50% of earners
Median salary
Mean (average)
Key Insights
- •Salary range spans $115,910 from entry level to top earners
- •Middle 50% earn between $63,850 and $113,850
- •Salary spread is 61.8% around the median, showing high variation
- •Total national employment: 67,370 professionals
What's the job outlook?
Job Market Intelligence
Low Demand
Market demand
Medium Risk
Automation risk
Current Employment
National Employment:67,800
Top Industries
Finance and Insurance72.2%
Credit Intermediation and Related Activities62.1%
Credit Intermediation and Related Activities (5221 and 5223 only)47.6%
10-Year Outlook
Growth Rate:-4.4%
Annual Openings:3,700
Employment Projections
2024 (Current)67,800
Current
2034 (Projected)64,800
-4.4%
-3,000
Employment Change
-4.4%
Growth Rate
10
Year Projection
Growth Category: Decline
Geographic Salary & Employment Data
Explore where Credit Analysts professionals work across the United States
Showing 15 of 50 locations
New York
7,900 jobs$132,6901.89x
Texas
6,650 jobs$77,3001.10x
California
6,400 jobs$88,3600.81x
Florida
3,510 jobs$76,2400.82x
North Carolina
2,970 jobs$88,2301.39x
Illinois
2,960 jobs$81,3801.12x
Ohio
2,850 jobs$67,9701.18x
Georgia
2,510 jobs$73,3001.18x
Arizona
2,430 jobs$74,5801.74x
Pennsylvania
2,230 jobs$80,6500.85x
Virginia
2,060 jobs$97,5901.16x
Wisconsin
1,850 jobs$70,6401.45x
New Jersey
1,810 jobs$100,2100.98x
Massachusetts
1,740 jobs$88,4901.09x
Tennessee
1,470 jobs$66,9801.03x
Understanding the Data
Location Quotient (LQ):
- • LQ > 1.0: More jobs than national average
- • LQ = 1.0: Same as national average
- • LQ < 1.0: Fewer jobs than national average
Data Source:
Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS), May 2024
Key Growth Factors
- •Employment decline projected
What skills do you need?
Top 10 Most Important Skills
#1
Critical Thinking
100%
#2
Active Learning
94%
#3
Reading Comprehension
86%
#4
Speaking
80%
#5
Active Listening
74%
#6
Mathematics
66%
#7
Judgment and Decision Making
60%
#8
Writing
54%
#9
Service Orientation
46%
#10
Time Management
40%
Skills Overview
Critical Thinking
advanced5.0
100%
Active Learning
advanced4.7
94%
Reading Comprehension
basic4.3
86%
Speaking
intermediate4.0
80%
Active Listening
intermediate3.7
74%
Mathematics
intermediate3.3
66%
Judgment and Decision Making
intermediate3.0
60%
Writing
basic2.7
54%
Skills are rated on a scale of 0-5, with 5 being the most important. The complexity level indicates how advanced the skill typically needs to be.
Filter:
Sort by:
Critical Thinking
advancedImportance100%
abilities
5.0/5.0
Active Learning
advancedImportance94%
abilities
4.7/5.0
Reading Comprehension
basicImportance86%
abilities
4.3/5.0
Speaking
intermediateImportance80%
skills
4.0/5.0
Active Listening
intermediateImportance74%
skills
3.7/5.0
Mathematics
intermediateImportance66%
skills
3.3/5.0
Judgment and Decision Making
intermediateImportance60%
abilities
3.0/5.0
Writing
basicImportance54%
skills
2.7/5.0
Service Orientation
basicImportance46%
skills
2.3/5.0
Time Management
basicImportance40%
skills
2.0/5.0
Highly Transferable Skills
These skills are valuable across multiple career paths, making career transitions easier:
Statistical Assistants82%
5 shared skills
Tax Preparers82%
5 shared skills
Appraisers of Personal and Business Property73%
5 shared skills
Correspondence Clerks73%
5 shared skills
Insurance Appraisers, Auto Damage73%
5 shared skills
Couriers and Messengers70%
5 shared skills
Skills by Career Stage
Entry Level
Must Have:
- ✓Speaking
Learn on the Job:
- →Mathematics
- →Writing
- →Judgment and Decision Making
Mid Career
Expected:
- ✓Speaking
- ✓Critical Thinking
- ✓Active Learning
- ✓Reading Comprehension
Senior Level
Mastery Required:
- ★Speaking
- ★Critical Thinking
- ★Active Learning
- ★Reading Comprehension
- ★Active Listening
Skill Development Tips
- •Focus on developing the top 5 skills first - they have the highest impact on career success
- •Transferable skills open doors to related careers and provide flexibility
- •Balance technical skills with soft skills for well-rounded professional development
- •Entry-level positions prioritize foundational skills that can be built upon over time
What technology will you use?
Technology & Digital Skills
Essential technology proficiencies for Credit Analysts
Technology Intensity
Very High
Digital Literacy Requirements
This career requires expert digital literacy
1
Basic
2
Intermediate
3
Advanced
4
Expert
Key Digital Competencies:
Advanced software proficiencySystem architecture understandingAutomation and scriptingEmerging technology adaptationTechnical problem-solving
🔥
Hot Technologies in Demand
These technologies are currently trending and highly sought after in this field
SAS
🔥 Hot TechMicrosoft SQL Server
🔥 Hot TechStructured query language SQL
🔥 Hot TechMicrosoft Visual Basic
🔥 Hot TechMicrosoft Visual Basic for Applications VBA
🔥 Hot TechMicrosoft Outlook
🔥 Hot TechMicrosoft Dynamics
🔥 Hot TechSAP software
🔥 Hot TechPython
🔥 Hot TechMicrosoft Office software
🔥 Hot TechMicrosoft PowerPoint
🔥 Hot TechMicrosoft Excel
🔥 Hot TechTechnology Stack
Technology Stack Overview
Key technologies used in this career
SAS
Microsoft SQL Server
Structured query language SQL
Microsoft Visual Basic
Microsoft Visual Basic for Applications VBA
Microsoft Outlook
Microsoft Dynamics
SAP software
Python
Microsoft Office software
Microsoft PowerPoint
Microsoft Excel
📚 Technology Learning Resources
Recommended Certifications
- •Vendor-specific software certifications
- •Industry-recognized technology credentials
- •Professional development courses
Online Learning Platforms
- •LinkedIn Learning - Comprehensive technology courses
- •Coursera - University-level programs
- •Udemy - Practical skills training
💡 Technology Skill Development Tips
- •Focus on mastering hot technologies first - they're currently most in-demand
- •Build a portfolio demonstrating your proficiency with key tools and software
- •Stay current through continuous learning - technology evolves rapidly
- •Consider vendor certifications to validate your skills to employers
What's the work environment like?
🏢
Location
MOSTLY INDOOR
💪
Physical Demand
MODERATE
👥
Team Orientation
SOME TEAM
🤝
Customer Interaction
OCCASIONAL
💡Is This Work Environment Right for You?
Consider these factors when evaluating if you'll thrive in this work environment:
- •Are you comfortable working in mostly indoor environments?
- •Can you meet moderate physical demands?
- •Do you enjoy some team team environments?
- •Are you comfortable working with safety protocols and protective equipment?
What are the key tasks?
Tasks & Responsibilities
11
Core Tasks
8
Daily Tasks
20
Work Activities
0
Emerging Tasks
Filter:
Sort by:
Analysis & Evaluation (4)Documentation & Record-Keeping (1)Planning & Development (1)General Responsibilities (5)
1
Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.
🔴Daily
Importance:
Analysis & Evaluation100% perform100%
2
Prepare reports that include the degree of risk involved in extending credit or lending money.
🔴Daily
Importance:
Documentation & Record-Keeping97% perform98%
3
Evaluate customer records and recommend payment plans, based on earnings, savings data, payment history, and purchase activity.
🔴Daily
Importance:
Planning & Development94% perform96%
4
Confer with credit association and other business representatives to exchange credit information.
🔴Daily
Importance:
General Responsibilities91% perform94%
5
Complete loan applications, including credit analyses and summaries of loan requests, and submit to loan committees for approval.
🔴Daily
Importance:
General Responsibilities88% perform92%
6
Generate financial ratios, using computer programs, to evaluate customers' financial status.
🔴Daily
Importance:
Analysis & Evaluation85% perform90%
7
Review individual or commercial customer files to identify and select delinquent accounts for collection.
🔴Daily
Importance:
General Responsibilities82% perform88%
8
Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations.
🔴Daily
Importance:
Analysis & Evaluation79% perform86%
9
Consult with customers to resolve complaints and verify financial and credit transactions.
🟡Weekly
Importance:
General Responsibilities76% perform84%
10
Analyze financial data, such as income growth, quality of management, and market share to determine expected profitability of loans.
🟡Weekly
Importance:
Analysis & Evaluation73% perform82%
💡 Key Takeaways
- •Daily tasks focus primarily on analysis & evaluation activities
- •64% of tasks are performed by most workers in this occupation
- •Career advancement brings increased leadership and strategic responsibilities
What career paths are available?
Career Pathways
0
Advancement Opportunities
0
Lateral Move Options
0%
Avg. Salary Increase
Advancement Opportunities
Typical career progression paths from Credit Analysts
💡 Career Planning Tips
- •Most successful advancement happens after 3-5 years of experience
- •Lateral moves can provide valuable cross-functional experience for future leadership roles
- •Focus on developing skills that are transferable across multiple career paths
- •Consider industry trends when planning long-term career moves
Is this career right for you?
Personality & Values Fit
Is This Career Right for You?
Credit Analysts professionals typically have a CEI Holland code and highly value relationships
CConventional
EEnterprising
IInvestigative
Important Personality Traits
Work styles that contribute to success as a Credit Analysts
Analytical Thinking
CriticalAnalytical Thinking
Importance Level4.89
Attention to Detail
CriticalAttention to Detail
Importance Level4.80
Integrity
CriticalIntegrity
Importance Level4.60
Dependability
Very ImportantDependability
Importance Level4.40
Initiative
Very ImportantInitiative
Importance Level4.30
Stress Tolerance
Very ImportantStress Tolerance
Importance Level4.15
Complete Work Styles Profile
Analytical Thinking
4.9
Attention to Detail
4.8
Integrity
4.6
Dependability
4.4
Initiative
4.3
Stress Tolerance
4.2
Adaptability/Flexibility
4.0
Achievement/Effort
3.9
Cooperation
3.7
Independence
3.7
💡 Tips for Career Fit Success
- •While personality fit is important, skills can be developed with practice and training
- •Consider informational interviews to better understand the day-to-day personality requirements
- •Work environments vary by employer - research specific companies for cultural fit
- •Your interests and values may evolve - reassess periodically throughout your career
What education is required?
Education Level
Bachelor's degree or higher
Typical duration: 4 years
Preparation Level
Job Zone 4
Considerable Preparation Needed
Experience Needed
A considerable amount of work-related skill, knowledge, or experience needed
📚 Education Requirement
Required Level:Bachelor's degree or higher
Most of these occupations require a four-year bachelor's degree, but some do not.
Training:
Significant preparation with related work experience
💼 Experience Requirement
A considerable amount of work-related skill, knowledge, or experience needed
Common pathways to gain experience:
- • Bachelor's degree in related field
- • Several years of work experience
- • Professional certifications often required
4
Job Zone Four: Considerable Preparation Needed
Most of these occupations require a four-year bachelor's degree, but some do not.
Bachelor's degree in related fieldSeveral years of work experienceProfessional certifications often required
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