Credit officer education requirements

Updated January 8, 2025

4 min read

There are several educational requirements to become a credit officer. Credit officers usually study business, finance, or accounting. 69% of credit officers hold a bachelor's degree, and 18% hold an master's degree. We analyzed 2,190 real credit officer resumes to see exactly what credit officer education sections show.

The most common colleges for credit officers are the University of Phoenix and the University of Phoenix.

There are also many online credit officer courses to help get the education required to be a credit officer.

What education do you need to become a credit officer?

What degree do you need to be a credit officer?

The most common degree for credit officers is bachelor's degree, with 69% of credit officers earning that degree. The second and third most common degree levels are master's degree degree at 18% and master's degree degree at 5%.

Bachelor's, 69%

Master's, 18%

Associate, 5%

Diploma, 4%

Other Degrees, 4%

What should I major in to become a credit officer?

You should major in business to become a credit officer. 31% of credit officers major in business. Other common majors for a credit officer include finance and accounting.

Business, 31%

Finance, 23%

Accounting, 13%

Economics, 8%

Other Majors, 25%

Most common colleges for credit officers

Credit officers often get their degrees at University of Phoenix, New York University, and University of Puerto Rico - Rio Piedras Campus. Here are the most common colleges for credit officers in the US based on their resumes.

Credit officer common college	Percentages
University of Phoenix	10.99%
New York University	9.89%
University of Puerto Rico - Rio Piedras Campus	8.24%
Florida State University	6.59%
Western Washington University	5.49%

Show more common credit officer colleges

Best majors for credit officers

Rank	Major	Percentages
1	Business	31.5%
2	Finance	23.0%
3	Accounting	12.6%
4	Economics	8.0%
5	Management	4.8%

Show more common credit officer majors

Best colleges for credit officers

The best colleges for credit officers are Northwestern University, University of Pennsylvania, and University of Southern California.

A credit officer with advanced education typically earns a higher salary and has access to better jobs. That's why Zippia looked into the best colleges for credit officers. We based this list on several metrics: admissions rate, retention rate, mean earnings of graduates, the ratio of working vs. non-working students ten years after admission, the average cost of attendance, and median debt for graduates who become credit officers.

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

20 best online courses for credit officers

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Top 10 most affordable universities for credit officers

The most affordable schools for credit officers are Baruch College of the City University of New York, usf sarasota-manatee, and suny farmingdale.

If the best universities for credit officers are out of your price range, check out these affordable schools. After factoring in in-state tuition and fees, the average cost of attendance, admissions rate, average net price, and mean earnings after six years, we found that these are the most affordable schools for credit officers.

1. Baruch College of the City University of New York

New York, NY • Private

In-state tuition

$7,262

Cost of attendance

14,046

2. USF Sarasota-Manatee

Sarasota, FL • Private

In-state tuition

$5,587

Cost of attendance

13,043

3. SUNY Farmingdale

Farmingdale, NY • Private

In-state tuition

$8,306

Cost of attendance

16,091

4. Brooklyn College of the City University of New York

Brooklyn, NY • Private

In-state tuition

$7,240

Cost of attendance

13,991

5. California State University - Dominguez Hills

Carson, CA • Private

In-state tuition

$6,942

Cost of attendance

14,469

6. University of Florida

Gainesville, FL • Private

In-state tuition

$6,381

Cost of attendance

21,034

7. Brigham Young University

Provo, UT • Private

In-state tuition

$5,620

Cost of attendance

18,136

8. California State University - Long Beach

Long Beach, CA • Private

In-state tuition

$6,798

Cost of attendance

18,306

9. University of Puerto Rico - Mayaguez

Mayaguez, PR • Private

In-state tuition

$4,094

Cost of attendance

14,302

10. Florida International University

Miami, FL • Private

In-state tuition

$6,556

Cost of attendance

19,434

Top 10 hardest universities to get into for credit officers

The hardest universities for credit officers to get into are Northwestern University, University of Pennsylvania, and University of Southern California.

Some great schools for credit officers are hard to get into, but they also set your career up for greater success. The list below shows the most challenging universities to get into for credit officers based on an institution's admissions rates, average SAT scores accepted, median ACT scores accepted, and mean earnings of students six years after admission.

1. Northwestern University

Evanston, IL • Private

Admissions rate

SAT average

1,508

2. University of Pennsylvania

Philadelphia, PA • Private

Admissions rate

SAT average

1,492

3. University of Southern California

Los Angeles, CA • Private

Admissions rate

13%

SAT average

1,445

4. Boston University

Boston, MA • Private

Admissions rate

22%

SAT average

1,420

5. New York University

New York, NY • Private

Admissions rate

20%

SAT average

1,419

6. Villanova University

Villanova, PA • Private

Admissions rate

29%

SAT average

1,407

7. Vanderbilt University

Nashville, TN • Private

Admissions rate

10%

SAT average

1,514

8. Bentley University

Waltham, MA • Private

Admissions rate

43%

SAT average

1,338

9. George Washington University, The

Washington, DC • Private

Admissions rate

42%

SAT average

1,380

10. University of Rochester

Rochester, NY • Private

Admissions rate

29%

SAT average

1,422

Top 10 easy-to-apply-to universities for credit officers

The easiest schools for credit officers to get into are Oklahoma Wesleyan University, holy names university, and barry university.

Some schools are much easier to get into. If you want to start your career as a credit officer without much hassle, check out the list of schools where you will be accepted in no time. We compiled admissions rates, average SAT scores, average ACT scores, and average salary of students six years after graduation to uncover which were the easiest schools to get into for credit officers.

1. Oklahoma Wesleyan University

Bartlesville, OK • Private

Admissions rate

68%

SAT average

964

2. Holy Names University

Oakland, CA • Private

Admissions rate

70%

SAT average

849

3. Barry University

Miami, FL • Private

Admissions rate

91%

SAT average

1,006

4. Notre Dame College

Cleveland, OH • Private

Admissions rate

90%

SAT average

994

5. University of North Texas at Dallas

Dallas, TX • Private

Admissions rate

83%

SAT average

992

6. La Roche College

Pittsburgh, PA • Private

Admissions rate

99%

SAT average

1,008

7. Ottawa University

Ottawa, KS • Private

Admissions rate

78%

SAT average

1,024

8. Holy Family University

Philadelphia, PA • Private

Admissions rate

72%

SAT average

1,017

9. Saint Joseph's College of Maine

Standish, ME • Private

Admissions rate

84%

SAT average

1,069

10. Kean University

Union, NJ • Private

Admissions rate

86%

SAT average

991

Average credit officer salary by education level

According to our data, credit officers with a Bachelor's degree earn the highest average salary, at $142,992 annually. Credit officers with a Associate degree earn an average annual salary of $119,409.

Credit officer education level	Credit officer salary
Bachelor's Degree	$142,992
Some College/ Associate Degree	$119,409

Credit officer education FAQs

What is the best college for Credit Officers?

Have more questions? See all answers to common business and financial questions.

Search for credit officer jobs

Updated January 8, 2025

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.

Updated January 8, 2025

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