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Credit and collections analyst education requirements

Updated January 8, 2025
2 min read
Usually, credit and collections analysts don't need a college education. The most common degree for credit and collections analysts is bachelor's degree with 52% graduates, with only 25% credit and collections analyst graduates earning associate degree. Credit and collections analysts who decided to graduate from college often finish University of Phoenix or DeVry University. Some good skills to have in this position include customer service, credit limits and past due accounts.

Popular credit and collections analyst certifications include Certified Management Accountant (CMA), International Accredited Business Accountant (IABA), or Certified Public Accountant (CPA). To improve credit and collections analyst qualification and skills, we prepared some online courses to help in credit and collections analyst education paths.

What education do you need to become a credit and collections analyst?

What degree do you need to be a credit and collections analyst?

The most common degree for credit and collections analysts is bachelor's degree, with 52% of credit and collections analysts earning that degree. The second and third most common degree levels are associate degree degree at 25% and associate degree degree at 11%.
  • Bachelor's, 52%
  • Associate, 25%
  • High School Diploma, 11%
  • Master's, 6%
  • Other Degrees, 6%

What should I major in to become a credit and collections analyst?

You should major in business to become a credit and collections analyst. 40% of credit and collections analysts major in business. Other common majors for a credit and collections analyst include accounting and finance.

Best majors for credit and collections analysts

RankMajorPercentages
1Business40.1%
2Accounting21.1%
3Finance7.9%
4Management3.2%
5General Studies3.0%

20 best online courses for credit and collections analysts

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1. GST - Using input tax credit

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GST, if applicable, can be paid in cash or through the utilization of input tax credit, also commonly known as ITC. In this course, you will learn about the concept of the input tax credit, conditions , and restrictions on availing and utilizing ITC, legal requirements and procedures for reconciliation of ITC , and the concept of distribution of ITC. Input tax credits, along with valuations, play an important role in the pricing of goods and services. This course provides a platform for...

2. Intro to Commercial Credit Analysis, Credit Risk and Lending

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Commercial Credit Underwriting Lending & Commercial Credit Financial Analysis Credit Risk Foundations...

3. Credit Repair: The Total Guide to a Great Credit Score

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Credit Repair: A step-by-step plan to begin improving your credit within one hour of starting! Over 7,000 students!...

4. The Credit Analyst Training course

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Learn the complete Credit Risk Analysis skills for jobs in Banks, Asset Management & Credit Rating Agencies...

5. Banking Credit Analysis Process (for Bankers)

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Course for Bankers, Consultants and managers to Understand Credit Analysis Process from Indian Context...

6. Option Spreads and Credit Spreads Bundle

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This 2-course bundle on Option spreads and Credit Spreads surgery is the bedrock of stable Monthly Strategies...

7. Financial Accounting-Debits & Credits-Accounting Transaction

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Masterclass: Learn Accounting Principles, Financial Statements, Transactions & More in this Comprehensive Course...

8. #1 Kick A#S Credit Repair Course - Fully Loaded 150+ Letters

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Step By Step Course With 150+ Dispute Letter Templates, Dispute Flowchart,Diy Credit Repair Workbook, Ebooks And More!...

9. Financial Accounting: The Complete Introductory Crash Course

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Learn the Basics of Financial Accounting: Financial Statements, Debits and Credits, The Accounting Cycle and More!...

10. Step-by-Step Guide to Getting the Business Credit You Need

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The most comprehensive, step-by-step course to set up any business with credit...

11. Credit Risk Modeling in Python

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A complete data science case study: preprocessing, modeling, model validation and maintenance in Python...

12. Travel Hacking and Credit Card Reward Basics!

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Credit cards offer HUGE sign up bonuses!...

13. Financial Accounting & Excel-Comprehensive Accounting Course

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Comprehensive accounting course to learn the accounting cycle in a practical way and pick up critical Excel fundamentals...

14. International Trade Finance - Letter of Credit & UCP 600

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Letter of Credit UCP 600 Articles Introductory Guide to CDCS Exam...

15. Credit Card Security Basics

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This brief course is designed to meet the PCI DSS requirements of frontline staff who handle payment cards...

16. Principles of Financial Accounting

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Learn the complete accounting cycle -recording business transactions to presenting the Balance Sheet & Income Statement...

17. Accounting Made Easy: A Quick Guide to Financial Accounting

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Accounting is not about Math, it is about concepts. And no one said it has to be hard. Learn the basics in just 2 hours!...

18. Get Credit for Your EIN That's Not Linked to Your SSN

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How to Get Credit for Your Business Regardless of Cash Flow, Consumer Credit Quality, or Collateral...

19. Accounting101: Learn Accounts Receivable From A to Z

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Learn The Accounts Receivable Cycle, Basics of Accounts Receivable, Accelerating Collections and Much More...

20. Xero Bookkeeping & Accounting, w/ Set-up & Reporting

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From Set-up to Bookkeeping, Accounting, Reporting, & Financial Statements in Xero with a Certified Xero Advisor...

Average credit and collections analyst salary by education level

Credit and collections analysts with a Bachelor's degree earn more than those without, at $54,265 annually. With a Associate degree, credit and collections analysts earn a median annual income of $50,068 compared to $50,040 for credit and collections analysts with an High School Diploma degree.
Credit and collections analyst education levelCredit and collections analyst salary
High School Diploma or Less$50,040
Bachelor's Degree$54,265
Some College/ Associate Degree$50,068

Updated January 8, 2025

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

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