Business & Finance
Credit Analysts
Also called: Credit Administrator, Credit Analyst, Credit and Collections Analyst, Credit Officer
US median pay
$83,510
per year, 2025
Job growth 2025–35
-4.3%
declining
Openings a year (US)
3,100
64,700 employed
Typical entry education
Bachelor's degree
Preparation 4/5 · Considerable preparation
What this job is
Analyze credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with credit information for use in decisionmaking.
What they do day to day
- Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.
- Complete loan applications, including credit analyses and summaries of loan requests, and submit to loan committees for approval.
- Generate financial ratios, using computer programs, to evaluate customers' financial status.
- Prepare reports that include the degree of risk involved in extending credit or lending money.
- Analyze financial data, such as income growth, quality of management, and market share to determine expected profitability of loans.
- Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations.
- Consult with customers to resolve complaints and verify financial and credit transactions.
- Contact customers to collect payments on delinquent accounts.
- Evaluate customer records and recommend payment plans, based on earnings, savings data, payment history, and purchase activity.
- Review individual or commercial customer files to identify and select delinquent accounts for collection.
Skills and knowledge that matter most
Skills
- Judgment and Decision Making3.1/5
- Time Management3.0/5
- Social Perceptiveness3.0/5
- Service Orientation3.0/5
- Complex Problem Solving3.0/5
- Systems Evaluation2.8/5
- Systems Analysis2.8/5
- Coordination2.6/5
Knowledge
- Economics and Accounting4.5/5
- Mathematics3.9/5
- English Language3.9/5
- Law and Government3.3/5
- Administrative3.0/5
- Customer and Personal Service2.9/5
Importance rated by people working in the job (1 = not important, 5 = extremely important).
Education and preparation
Preparation level 4 of 5 — Considerable preparation. Usually a bachelor's degree and several years of related experience.
Typical entry education (BLS): Bachelor's degree.
Highest education of people in this job:
- Bachelor's degree95%
Who this job suits
Mostly Conventional
Organising data, details and procedures
Enterprising
Leading, persuading and starting things
Investigative
Ideas, research and solving problems
Based on the Holland (RIASEC) interest profile for this occupation.