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A credit analyst assesses the credit-worthiness of individuals or organizations applying for loans or credit. They analyze financial data and credit histories to determine the likelihood of repayment and the potential risks. Credit analysts also make recommendations on interest rates, loan terms, and credit limits. They work in various industries, including banking, investment firms, and credit bureaus. Essential skills include analytical skills, attention to detail, and knowledge of financial regulations.
Avg. Salary $61,422
Avg. Salary $59,228
Growth Rate -5%
Growth Rate 0.3%
American Indian and Alaska Native 0.27%
Asian 10.50%
Black or African American 7.73%
Hispanic or Latino 9.49%
Unknown 2.64%
White 69.35%
Genderfemale 55.76%
male 44.24%
Age - 38American Indian and Alaska Native 3.00%
Asian 7.00%
Black or African American 14.00%
Hispanic or Latino 19.00%
White 57.00%
Genderfemale 47.00%
male 53.00%
Age - 38Stress level is manageable
7.1 - high
Complexity Level is challenging
7 - challenging
Work Life balance is fair
6.4 - fair
Pros
Good salary and benefits
Exposure to various industries and businesses
High demand for credit analysts in many industries
Potential for bonuses based on performance
Ability to work in a stable industry
Cons
Long hours, including weekends and evenings
Dealing with difficult customers or clients
Risk of burnout due to heavy workload and high expectations
May have to make tough decisions that can affect people's lives and livelihoods negatively
Limited opportunities for creativity or innovation in the role.
Skills | Percentages |
---|---|
Customer Service | 12.36% |
Credit Analysis | 7.36% |
Customer Accounts | 4.49% |
Real Estate | 4.34% |
Credit Risk | 4.23% |
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The average Credit Analyst salary in the United States is $61,422 per year or $30 per hour. Credit analyst salaries range between $40,000 and $93,000 per year.
What Am I Worth?
Interacting with computer for too long in making decisions in mitigating the risk asset going bad 'bad loan'
The job is self motivating and result oriented .
Its very demanding where by you have to closely monitor the portfolio every time and now to be able to report the right information .