Credit Analysts

Credit Analyst Explains Chart to Couple

Credit analysts analyze financial information to evaluate the amount of risk involved in lending money to businesses or individuals. They contact banks, credit associations, and others to obtain credit information and prepare a written report of findings used to recommend credit limits. There are approximately 70,840 credit analysts employed in the United States.

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Quick Facts
Alternate Title(s) Commercial and Business Analysts, Consumer Credit Analysts
Duties Evaluate loan risks; study financial documents; prepare, analyze, and approve loan requests; help borrowers fill out applications; analyze economic trends; prepare findings report
Salary Range $25,000 to $100,000+
Work Environment Primarily Indoors
Best Geographical Location(s) Opportunities are available throughout the country, but the largest number of credit analysts are employed in Texas, California, New York, Florida, and Minnesota
Minimum Education Level
  • Bachelor's Degree
School Subjects
  • Business
  • Economics
  • Mathematics
Experience Internship
Personality Traits
  • Conventional
  • Enterprising
  • Realistic
  • Business Management
  • Interpersonal
  • Math
Certification or Licensing Recommended
Special Requirements None
Employment Prospects Good
Advancement Prospects Good
Outlook About as Fast as the Average
Career Ladder
  • Chief Credit Executive or Commercial Loan Officer
  • Credit Manager
  • Credit Analyst
  • Bank Teller or Customer Service Representative