Credit analysts evaluate credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. They generate financial ratios, using computer programs, to evaluate customers' financial status and prepare reports with credit information for use in decision making. Analysts also consult with customers to resolve complaints and verify financial and credit transactions.TCC programs that are right for you:Business Management and Accounting Programs
Credit analysts work in offices in banks, mortgage firms, credit card companies, and other financial institutions. Most credit analysts work regular business hours and a standard 40-hour week. They may be required to sit for long periods of time as they analyze data and generate reports at their desk.
According to the Bureau of Labor Statistics, employment of credit analysts is expected to by 20 to 28 percent between 2010 and 2020, faster than the average for all occupations.
For information on wages, visit O*NET
Career information courtesy of O*NET.