WHAT DO CREDIT ANALYSTS DO?
Credit analysts work for banks and financial institutions and work with customers to determine their credit history, credit score and decide whether or not and how much credit they are approved for. Credit analysts use computer programs and research financial records, and keep financial records up to date.
HOW MUCH DO CREDIT ANALYSTS MAKE?
According to the Bureau of Labor Statistics (BLS), the median hourly income for credit analysts was $15.62 in 2010, or $32,490 annually.
WHAT ARE THE EDUCATION REQUIREMENTS?
You can get started with a high school diploma for most credit analyst jobs. Much of the training is done on-the-job.
JOB SKILLS AND REQUIREMENTS
- Math: Credit analysts may have to calculate credit scores and other duties that require basic math skills.
- Communication: Credit analysts talk with applicants to get their personal and financial information, as well as explain loan procedures to applicants.
- Organizational Skills: Credit analysts gather data from multiple sources, and work on more than one loan application at once. Keeping it all organized is important.
THE FUTURE OF CREDIT ANALYSTS
According to the BLS, these jobs will grow slowly, due to the prevalence of online credit reports.