Credit Analysts
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.
Also called: Credit Administrator · Credit Analyst · Credit and Collections Analyst · Credit Officer · Credit Representative · Credit Risk Analyst
Median pay (national)
$80,970
$52,930–$168,840 (10th–90th)
Employed (US)
67,370
BLS OEWS, May 2024
Outlook 2024–34
-4.4%
~3,700 openings/yr
Typical entry
Bachelor's degree
What the numbers say
Refit analysis ·Pay for credit analysts shows an unusually wide range: the top 10% earn $168,840 versus $52,930 at the bottom 10% — 3.2x. The median of $80,970 leaves roughly 109% of headroom to the 90th percentile, which is where seniority, specialization, and the skills below tend to pay off.
Refit analysis ·Employment is projected to change -4.4% from 2024 to 2034 — a projected decline, against +3% across all occupations. Even so, BLS projects about 3,700 openings a year, mostly to replace workers who retire or change careers.
Refit analysis ·Where you work moves the number a lot. Across the 52 states with released data, New York pays the most for this role (median $132,690, +64% vs the national median), while Puerto Rico sits lowest at $47,160 — a 181% spread for the same job title.
Refit analysis ·O*NET rates Critical Thinking, Reading Comprehension, Speaking as the highest-importance skills here — so a resume aimed at this role should lead with evidence of those, not a generic skills list. On the tools side, O*NET flags Microsoft Excel, Microsoft Office software, Microsoft Outlook, Microsoft PowerPoint as in-demand technologies for this role.
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Top skills employers ask for
Ranked by O*NET importance for this occupation.
- Critical Thinking
- Reading Comprehension
- Speaking
- Active Learning
- Active Listening
- Mathematics
- Writing
- Monitoring
- Learning Strategies
- Science
What they actually do
Core O*NET tasks for this role.
- 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.
- 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.
- Contact customers to collect payments on delinquent accounts.
- Evaluate customer records and recommend payment plans, based on earnings, savings data, payment history, and purchase activity.
- Review individual or commercial customer files to identify and select delinquent accounts for collection.
Tools & technology
- Microsoft Excel
- Microsoft Office software
- Microsoft Outlook
- Microsoft PowerPoint
- Microsoft Word
- Microsoft SQL Server
- Microsoft Visual Basic
- Microsoft Visual Basic for Applications VBA
- Python
- SAP software
- SAS
- Structured query language SQL
- CGI-AMS BureauLink Enterprise
- CGI-AMS CACS Enterprise
- CGI-AMS Strata
- Credit adjudication and lending management system CALMS
Knowledge areas
- Economics and Accounting
- Mathematics
- English Language
- Law and Government
- Administrative
- Customer and Personal Service
- Computers and Electronics
- Administration and Management