What is a Credit Assistant

Much of the modern financial world relies on credit. Businesses need credit to get started or expand their operations, and people need credit to buy homes and cars. The financial institutions who give credit often rely on credit assistants to do the basic tasks that come with processing credit applications, allowing everyone else to focus on the analytical end.

The credit assistant helps out credit analysts and managers in processing applications for credit. This means that they do basic administrative tasks such as opening a customer account, confirming reference information, and communicating with customers about any issues with their accounts. They are in charge of making sure that all documentation is in order, while the credit analysts actually analyze risk and sometimes decide who gets credit or not.

The credit assistant may be an entry-level position, but that doesn't mean a credit assistant doesn't have any qualifications. Some even have bachelor's or associate's degrees in business along with customer service and administrative experience. If they prove themselves, a credit assistant can work their way up to a credit analyst position.

There is more than meets the eye when it comes to being a Credit Assistant. For example, did you know that they make an average of $15.57 an hour? That's $32,376 a year!

Between 2018 and 2028, the career is expected to grow -4% and produce -65,800 job opportunities across the U.S.

What Does a Credit Assistant Do

There are certain skills that many Credit Assistants have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed Computer skills, Detail oriented and Integrity.

Learn more about what a Credit Assistant does

How To Become a Credit Assistant

If you're interested in becoming a Credit Assistant, one of the first things to consider is how much education you need. We've determined that 50.4% of Credit Assistants have a bachelor's degree. In terms of higher education levels, we found that 5.8% of Credit Assistants have master's degrees. Even though most Credit Assistants have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a Credit Assistant. When we researched the most common majors for a Credit Assistant, we found that they most commonly earn Bachelor's Degree degrees or Associate Degree degrees. Other degrees that we often see on Credit Assistant resumes include High School Diploma degrees or Master's Degree degrees.

You may find that experience in other jobs will help you become a Credit Assistant. In fact, many Credit Assistant jobs require experience in a role such as Administrative Assistant. Meanwhile, many Credit Assistants also have previous career experience in roles such as Customer Service Representative or Office Manager.

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Average Salary
$32,376
Average Salary
Job Growth Rate
-4%
Job Growth Rate
Job Openings
37,947
Job Openings
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Credit Assistant Career Paths

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Average Salary for a Credit Assistant

Credit Assistants in America make an average salary of $32,376 per year or $16 per hour. The top 10 percent makes over $45,000 per year, while the bottom 10 percent under $23,000 per year.
Average Salary
$32,376
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Credit Assistant Resumes

Designing and figuring out what to include on your resume can be tough, not to mention time-consuming. That's why we put together a guide that is designed to help you craft the perfect resume for becoming a Credit Assistant. If you're needing extra inspiration, take a look through our selection of templates that are specific to your job.

Learn How To Write a Credit Assistant Resume

At Zippia, we went through countless Credit Assistant resumes and compiled some information about how to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

View Credit Assistant Resume Examples And Templates

Credit Assistant Demographics

Credit Assistant Gender Statistics

female

72.8 %

male

20.5 %

unknown

6.6 %

Credit Assistant Ethnicity Statistics

White

63.7 %

Hispanic or Latino

13.6 %

Asian

10.7 %

Credit Assistant Foreign Languages Spoken Statistics

Spanish

41.3 %

Chinese

15.9 %

Mandarin

10.3 %
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Credit Assistant Education

Credit Assistant Majors

33.6 %
11.3 %

Credit Assistant Degrees

Bachelors

50.4 %

Associate

22.4 %

High School Diploma

13.2 %

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None
High School / GED
Associate
Bachelor's
Master's
Doctorate

Top Colleges for Credit Assistants

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

4. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition
$9,808
Enrollment
13,990

5. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

6. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018

7. Bentley University

Waltham, MA • Private

In-State Tuition
$49,880
Enrollment
4,177

8. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

9. SUNY Stony Brook

Stony Brook, NY • Private

In-State Tuition
$9,625
Enrollment
17,407

10. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339
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Online Courses For Credit Assistant That You May Like

Credit Risk Analysis
udemy
4.3
(290)

All you want to know about Credit Specific Risk Analysis from a Bankers and Analyst Perspective...

Credit Repair: The 2021 Total Guide to a Great Credit Score
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4.8
(567)

Credit Repair: A step-by-step 2021 plan to begin improving your credit within one hour of starting! Over 6,300 students!...

Banking Credit Analysis Process (for Bankers)
udemy
4.5
(1,842)

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

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Top Skills For a Credit Assistant

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 12.2% of Credit Assistants listed Credit Reports on their resume, but soft skills such as Computer skills and Detail oriented are important as well.

12 Credit Assistant RESUME EXAMPLES

Best States For a Credit Assistant

Some places are better than others when it comes to starting a career as a Credit Assistant. The best states for people in this position are California, New York, Pennsylvania, and New Mexico. Credit Assistants make the most in California with an average salary of $52,232. Whereas in New York and Pennsylvania, they would average $50,569 and $42,618, respectively. While Credit Assistants would only make an average of $38,525 in New Mexico, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. New York

Total Credit Assistant Jobs:
188
Highest 10% Earn:
$82,000
Location Quotient:
2.09
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Pennsylvania

Total Credit Assistant Jobs:
94
Highest 10% Earn:
$70,000
Location Quotient:
1.15
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. California

Total Credit Assistant Jobs:
204
Highest 10% Earn:
$83,000
Location Quotient:
0.99
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Full List Of Best States For Credit Assistants

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