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.Salary by State
| State Name | Employment | Annual Salary | Hourly Salary | |
|---|---|---|---|---|
| Alabama | 480 | $75,980 | $36.53 | |
| Alaska | 40 | $63,660 | $30.61 | |
| Arizona | 1,530 | $66,910 | $32.17 | |
| Arkansas | 230 | $63,080 | $30.33 | |
| California | 7,090 | $92,050 | $44.25 | |
| Colorado | 1,720 | $90,940 | $43.72 | |
| Connecticut | 740 | $98,430 | $47.32 | |
| District of Columbia | 60 | $77,310 | $37.17 | |
| Florida | 3,780 | $82,850 | $39.83 | |
| Georgia | 1,260 | $90,160 | $43.35 | |
| Hawaii | 80 | $77,140 | $37.09 | |
| Idaho | 180 | $77,150 | $37.09 | |
| Illinois | 3,370 | $85,660 | $41.18 | |
| Indiana | 750 | $67,300 | $32.36 | |
| Iowa | 760 | $93,390 | $44.90 | |
| Kansas | 440 | $70,000 | $33.65 | |
| Kentucky | 850 | $71,610 | $34.43 | |
| Louisiana | 260 | $55,940 | $26.89 | |
| Maine | 210 | $79,800 | $38.37 | |
| Maryland | 1,150 | $71,760 | $34.50 | |
| Massachusetts | 1,410 | $87,310 | $41.98 | |
| Michigan | 1,650 | $75,870 | $36.47 | |
| Minnesota | 1,750 | $85,610 | $41.16 | |
| Mississippi | 320 | $65,120 | $31.31 | |
| Missouri | 1,870 | $79,810 | $38.37 | |
| Montana | 210 | $81,460 | $39.16 | |
| Nebraska | 500 | $68,010 | $32.70 | |
| Nevada | 260 | $69,110 | $33.22 | |
| New Hampshire | 210 | $83,020 | $39.92 | |
| New Jersey | 2,390 | $96,080 | $46.19 | |
| New Mexico | 70 | $68,460 | $32.91 | |
| New York | 6,810 | $129,460 | $62.24 | |
| North Carolina | 3,150 | $93,040 | $44.73 | |
| North Dakota | 220 | $74,790 | $35.96 | |
| Ohio | 2,670 | $76,400 | $36.73 | |
| Oklahoma | 980 | $68,960 | $33.15 | |
| Oregon | 860 | $77,830 | $37.42 | |
| Pennsylvania | 2,870 | $86,180 | $41.43 | |
| Rhode Island | 210 | $92,650 | $44.55 | |
| South Carolina | 870 | $71,580 | $34.41 | |
| South Dakota | 420 | $67,670 | $32.53 | |
| Tennessee | 1,290 | $81,630 | $39.25 | |
| Texas | 5,630 | $81,010 | $38.95 | |
| Utah | 470 | $62,850 | $30.22 | |
| Vermont | 120 | $64,430 | $30.97 | |
| Virginia | 2,070 | $95,990 | $46.15 | |
| Washington | 1,650 | $86,160 | $41.42 | |
| West Virginia | 210 | $58,000 | $27.89 | |
| Wisconsin | 1,470 | $75,260 | $36.18 | |
| Wyoming | 50 | $61,920 | $29.77 |
Education
The programs listed below are typically the education paths that can land you this kind of job.
A program that prepares individuals to practice the profession of accounting and to perform related business functions. Includes instruction in accounting principles and theory, financial accounting, managerial accounting, cost accounting, budget control, tax accounting, legal aspects of accounting, auditing, reporting procedures, statement analysis, planning and consulting, business information systems, accounting research methods, professional standards and ethics, and applications to specific for-profit, public, and non-profit organizations.
A program that generally prepares individuals to plan, manage, and analyze the financial and monetary aspects and performance of business enterprises, banking institutions, or other organizations. Includes instruction in principles of accounting, financial instruments, capital planning, funds acquisition, asset and debt management, budgeting, financial analysis, and investments and portfolio management.
A program that prepares individuals to perform and/or manage operations concerning personal and corporate credit, collateral, loan processing, and related financial agency communications. Includes instruction in general finance and banking principles, insurance, real estate, taxation, business law and regulations, quantitative methods, financial computer systems applications, database management, communications skills, business and office management, and professional standards and ethics.
A program that focuses on the strategies used to define and manage acceptable financial risk for companies. Includes instruction in banking and bank regulations, derivative securities, interest rate and credit markets, financial engineering of systematic risk, and equity, bond, futures, and options markets.
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$88,030 per yearNational average salaryDecliningJob growth rate
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Bachelor's degreeTypical education requirement
Educational Attainment
The following chart shows the highest education level completed by those working as credit analysts.
- Less than high school 1%
- High school graduate 11%
- College dropout 12%
- Associate’s degree 8%
- Bachelor’s degree 50%
- Master’s degree 16%
- Doctorate degree 2%
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