Credit Analysts

Median salary

$83,510

Average salary

$100,850

Employment

64,390

Projected growth

4.4% decline

Annual openings

3,700

Typical entry education

Bachelor's degree

What Credit Analysts Do

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.

See full salary breakdown & percentiles →

Career Outlook

National employment outlook, 2024–2034.

Related work experience: None
On-the-job training: None
Self-employed: Not available

Source: BLS Employment Projections — 2024-2034.

How Much Preparation Does This Take?

Job Zone 4 of 5

Job Zone Four: Considerable Preparation Needed

Experience: A considerable amount of work-related skill, knowledge, or experience is needed for these occupations.
Education: Most of these occupations require a four-year bachelor's degree, but some do not.
Job training: Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.

Source: O*NET Job Zones.

Key Knowledge Areas

Subject-matter areas this occupation draws on most, per O*NET.

Economics and Accountingimportance 4.5/5
Mathematicsimportance 3.9/5
English Languageimportance 3.9/5
Law and Governmentimportance 3.3/5
Administrativeimportance 3.0/5
Customer and Personal Serviceimportance 2.9/5
Computers and Electronicsimportance 2.9/5
Administration and Managementimportance 2.8/5

Work Environment

What the day-to-day work setting is like, per O*NET.

E-Mail5.0/5
Indoors, Environmentally Controlled5.0/5
Spend Time Sitting4.8/5
Telephone Conversations4.7/5
Face-to-Face Discussions with Individuals and Within Teams4.7/5
Importance of Being Exact or Accurate4.5/5

Careers With Similar Skills

Occupations whose Transferable Skills profile most closely matches this one — a mathematical comparison, not observed data about people actually moving between these careers.

Personal Financial Advisors97% skill match
Compensation, Benefits, and Job Analysis Specialists97% skill match
Insurance Underwriters97% skill match
Market Research Analysts and Marketing Specialists97% skill match
Urban and Regional Planners96% skill match
Epidemiologists96% skill match
Geographers96% skill match
Economists96% skill match

Transferable Skills

Cross-functional skills this occupation draws on most, per O*NET — the kind that carry over to other careers.

Judgment and Decision Makingimportance 3.1/5
Social Perceptivenessimportance 3.0/5
Service Orientationimportance 3.0/5
Complex Problem Solvingimportance 3.0/5
Time Managementimportance 3.0/5
Systems Analysisimportance 2.8/5
Systems Evaluationimportance 2.8/5
Coordinationimportance 2.6/5

Software & Technologies

Tools and software used in this occupation, per O*NET.

Hot Technologies

Other Software Used

CGI-AMS BureauLink Enterprise
CGI-AMS CACS Enterprise
CGI-AMS Strata
Credit adjudication and lending management system CALMS
Credit and risk analysis software
Credit fraud detection software
Dun and Bradstreet Global DecisionMaker
Equifax Advanced Decisioning

Work Style

Personal work characteristics that matter most for this occupation, per O*NET.

Attention to Detail
Dependability
Cautiousness
Integrity
Intellectual Curiosity
Achievement Orientation
Perseverance

Career Interests

This occupation’s RIASEC interest profile, per O*NET — how strongly it fits each of the six Holland interest types.

ConventionalHigh
EnterprisingMedium
InvestigativeMedium
SocialLow
RealisticLow
ArtisticLow

This page includes information from the O*NET 30.3 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 license. O*NET® is a trademark of USDOL/ETA.