Credit Analyst
What Does a Professional in this Career Do?
A Credit Analyst reviews credit history and researches other records to determine if loans should be approved or credit extended to individuals or businesses. Prepares reports for banks, credit agencies and credit card companies.
Job Outlook
There were 177 Credit Analyst job postings in North Carolina in the past year and 5869 in the United States.
In combination with other careers in the Credit Analyst / Authorizer industry, which includes the Credit Analyst career, the following graph shows the number of people employed for each year since 2015:
Salary
Many new Credit Analyst jobs have salaries estimated to be in the following ranges, based on the requirements and responsibilities listed in job postings from the past year.
National
The average estimated salary in the United States for this career, based on job postings in the past year, is $76,873.
State
The average estimated salary in North Carolina for this career, based on job postings in the past year, is $87,649.
Percentiles represent the percentage that is lower than the value. For example, 25% of estimated salaries for Credit Analyst postings in the United States in the past year were lower than $62,674.
Education and Experience
Posted Credit Analyst jobs typically require the following level of education. The numbers below are based on job postings in the United States from the past year. Not all job postings list education requirements.
| Education Level | Percentage |
|---|---|
| Associate's Degree | 0% |
| Bachelor's Degree | 72.07% |
| Master's Degree | 11.13% |
| Doctoral Degree | 1.94% |
| Other | 10.6% |
Posted Credit Analyst jobs typically require the following number of years of experience. The numbers below are based on job postings in the United States from the past year. Not all job postings list experience requirements.
| Years of Experience | Percentage |
|---|---|
| 0 to 2 years | 56.68% |
| 3 to 5 years | 34.22% |
| 6 to 8 years | 5.47% |
| 9+ years | 3.63% |
Skills
Below are listings of the most common general and specialized skills Credit Analyst positions expect applicants to have as well as the most common skills that distinguish individuals from their peers. The percentage of job postings that specifically mention each skill is also listed.
Baseline Skills
A skill that is required across a broad range of occupations, including this one.
- Management (39%)
- Communication (38.42%)
- Detail Oriented (29.48%)
- Customer Service (28.56%)
- Microsoft Excel (27.48%)
- Writing (26.32%)
- Microsoft Office (21.93%)
- Research (20.6%)
- Sales (20.31%)
- Analytical Skills (20.07%)
Defining Skills
A core skill for this occupation, it occurs frequently in job postings.
- Financial Analysis (35.23%)
- Underwriting (38.4%)
- Accounting (60.45%)
- Credit Analysis (34.99%)
- Finance (60.19%)
- Financial Statements (43.72%)
- Loans (57.71%)
Necessary Skills
A skill that is requested frequently in this occupation but isn’t specific to it.
- Loan Documentation (8.72%)
- Credit Risk (21.04%)
- Commercial Real Estate (8.78%)
- Commercial Lending (17.26%)
- Corporate Finance (8.07%)
- Economics (19.23%)
- Credit Reports (14.77%)
- Risk Management (8.89%)
- Financial Data (9.18%)
- Loan Origination (12.69%)
- Auditing (11.66%)
- Commercial Banking (8.36%)
- Portfolio Management (11.52%)
- Accounts Receivable (13.18%)
- Banking (8.87%)
- Financial Services (9.67%)
- Risk Analysis (12.8%)
- Credit Management (10.55%)
- Covenants (10.85%)
- Due Diligence (7.34%)
- Tax Returns (11.9%)
- Sales Prospecting (7.27%)
Distinguishing Skills
A skill that may distinguish a subset of the occupation.
- Collateral Valuation (3.49%)
- Loan Structuring (5.65%)
Salary Boosting Skills
A professional who wishes to excel in this career path may consider developing the following highly valued skills. The percentage of job postings that specifically mention each skill is listed.
- Collateral Valuation (4.52%)
- Loan Structuring (7.3%)
- Credit Analysis (45.25%)
- Finance (77.84%)
- Financial Analysis (45.57%)
Alternative Job Titles
Sometimes employers post jobs with Credit Analyst skills but a different job title. Some common alternative job titles include:
- SBA Credit Analyst
- People Manager
- Credit Union Examiner
- Lead Credit Analyst
- Team Manager
- Wholesale Credit Analyst
- Transfer Credit Evaluator
- Residuals Analyst
- Consumer Credit Analyst
Similar Occupations
If you are interested in exploring occupations with similar skills, you may want to research the following job titles. Note that we only list occupations that have at least one corresponding NC State Online and Distance Education program.
Common Employers
Here are the employers that have posted the most Credit Analyst jobs in the past year along with how many they have posted.
United States
- GPAC (298)
- US Bank (196)
- SitusAMC (118)
- Uline (107)
- United States Government (78)
- Robert Half (77)
- Ur Company (58)
- Horizon Bank (45)
- Iim (38)
- First Horizon (38)
North Carolina
- Truist Financial (10)
- US Bank (9)
- First Horizon (7)
- Bank of America (7)
- First Citizens Bank (6)
- Regions Financial (6)
- Belcan (5)
- Wells Fargo (5)
- Fifth Third Bank (5)
- Royal Bank of Canada (5)
NC State Programs Relevant to this Career
If you are interested in preparing for a career in this field, the following NC State Online and Distance Education programs offer a great place to start!
All wages, job posting statistics, employment trend projections, and information about skill desirability on this page represents historical data and does not guarantee future conditions. Data is provided by and downloaded regularly from Lightcast. For more information about how Lightcast gathers data and what it represents, see Lightcast Data: Basic Overview on Lightcast's Knowledge Base website.