Credit Analyst

Occupation Information table
Overview: Credit analysts estimate the degree of risk involved in lending of monies or extending credit to firms or individuals. They provide this information service to banks, merchants and credit associations. They determine the value of assets of persons seeking loans.
Duties: They statistically analyze the assets, debts and market values of properties as reported by persons seeking loans and mortgages from banks and financial institutions.

Determine the maximum amount of monies that should be loaned to an individual based upon an analysis of their financial soundness and their income.

They determine the maximum mortgage that should be provided to the client for properties they wish to buy. They decide what the market value would be if the person defaults on the mortgage.

They conduct investigations of clients whose financial background appear risky. They may contact employers and other individuals who the client claims as a resource for income.

Degree(s): A.A.S. Accounting 
A.A.S. Management: Marketing Concentration 
A.S. Business Administration (Accounting and Marketing) 
Job Outlook: Employment in this field is projected to grow 5% to 8% percent from 2018 to 2028, which matches the average growth rate for all occupations.
Salary Range (National Average): $30,000 to $37,000
Education Level: Training for this occupation generally requires an Associate Degree from a 2 year or community college.
Additional Training/Education: An associate degree in applied business management is the usual educational background required for entry positions in this occupation. However, since the credit analyst job is usually a stepping stone for loan officer positions in financial institutions, it would be wise to work towards a bachelor's degree in finance or business administration. Courses in computer-based financial analysis are essential.
Recommended Skills:
  • Weighing out the options in a situation or a problem and logically choosing the best course of action.
  • Paying attention to what other people are saying, and taking time to understand the points being made.
  • The ability to understand complex written paragraphs, instructions, or reports.
  • Using logic to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
  • Composing and communicating your ideas in written form.
Recommended Values:
  • Having a routine job where the duties are very predictable and not likely to change over a long period of time.

* National data collected by the Department of Labor in 2014 with projections through 2024. For New York green job information .

* For New York salary data information .

* For New York green job information .

Understanding acquiring positions in this field may be enhanced through continuing academic study (i.e. earning a baccalaureate or a master's degree) and/or work experience in the field, Queensborough Community College has established transfer agreements with other institutions for students who wish to further pursue their educational goals. Students are highly encouraged to meet with one of our Career Services to fully understand the opportunities available through study in their degree program.