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Salary and Benefits

Credit Analyst
$45K-$55K / yr. (est.)
$45K
$50,249 / year
$55K
Average base salary
The salary information provided is based on data collected from various reliable sources and may vary depending on individual qualifications and other factors.

About Credit Analyst

What does a Credit Analyst do?

As Credit Analysts, we are responsible for making decisions about consumer credit applications using various criteria, including the application's purpose and renewal operating loans payment history. We handle existing designated portfolio and renewal operating loans. We also Interview loan candidates. Preparing financial statements and loan applications is also a part of our duty. We prepare financial statement spreadsheets. We also enter all necessary information into the loan origination and processing systems. Working as Credit Analysts, we are responsible for assisting with the loan application and documentation review. We assist in the identification and analysis of legal documents. Finally, we inform customers about the association's credit policy and stock criteria.

Core tasks:

  • preparing loan servicing actions and follow-ups
  • representing the association at public events
  • communicating and promoting the availability of loan products
  • assisting loan officers with customer care problems

Insights

How Many Years of Experience Do Professionals Need Before Becoming Credit Analyst?
On average, people work 3-5 years in other positions prior to becoming a Credit Analyst.
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Bank TellerHouston, TX - 10 months ago
🙄 You mean to tell me I have to work my way up from being a Bank Teller to become a Credit Analyst? I should be able to get a job in my field right away.
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Accounting AssistantMiami, FL - 10 months ago
Ugh, I already see myself typing data all day long. Is this even worth it? Why not hire fresh graduates directly into Credit Analyst positions?
How Long Do Credit Analyst Employees Typically Stay in Their Roles?
On average, Credit Analysts works in this position for 3-5 years across multiple employers.
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Financial PlannerHouston, TX - 10 months ago
I find it fascinating how credit analysts are easily swayed by better offers. Maybe stability isn't as important to them as it is to me. 🤔
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Mortgage BrokerMiami, FL - 10 months ago
i wonder how many of them leave because they're not paid enough 🤑
What Is the Job Hopper Score for Credit Analyst Employees?
Frequent job changes in Credit Analyst, indicating a willingness to change companies and roles more frequently.
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NurseBoston, MA - 10 months ago
😡 Changing jobs frequently in healthcare may raise concerns about stability and patient continuity of care. It's important to consider the impact on patients before making career moves.
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Restaurant ManagerNew York City, NY - 10 months ago
As a manager, loyalty and consistency are key traits in building a successful team. Constant job changes can disrupt team dynamics and hinder growth.

Career path

Path to job

Discover a Credit Analyst's areas of knowledge sorted by their majors.
Explore the list of higher education institutions that a Credit Analyst typically studied at.
Penn State University
Texas A&M University-Texarkana

Path after job

Community

Demographics

What Is the Age and Gender Ratio of Credit Analyst Employees?
Gender ratio in Credit Analyst position: 0.633205749766097 Male and 0.366794250233903 Female. Age ratio in Credit Analyst position: 16-20: 7%, 21-30: 78%, 31-40: 11%, 41-50: 3%, 51-60: 1%, 60+: 0%. Credit Analyst position is predominantly male (63.3%) with the largest age group being 21-30 years old, followed by 31-40 years old.
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Credit AnalystSeattle, WA - 10 months ago
This is unacceptable! We need more diversity and equal opportunities in the credit analyst field. Let's break those stereotypes! 💪
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Credit AnalystAtlanta, GA - 10 months ago
I'm in the 7% of the youngest age group, but it's concerning that there's such low representation of different age ranges. 🧐

Workplaces

Who Are the Top Employers for Credit Analyst?
Top employers of Credit Analyst position: Bank of America, GM Financial, TD. People who work in Credit Analyst position most typically go on to work for the Bank of America.
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Credit AnalystDallas, TX - 10 months ago
Bank of America offers great career advancement opportunities and stability. It's no wonder they are the top choice!
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Credit AnalystDenver, CO - 10 months ago
I've heard mixed reviews about all three companies. Can anyone provide more insight into why they are top employers?
Bank of America
GM Financial
TD
What Industries Does Credit Analyst Typically Have Experience In?
Industry Background: The most typical industries of Credit Analyst: Finance & Insurance, Manufacturing, Retail, Professional / Scientific / Technical, Information Technology. Credit Analyst employees most likely come from a Finance & Insurance industry background.
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Credit AnalystHouston, TX - 10 months ago
😠 I can't believe the audacity of some clients blaming me for their loan denials! It's not personal, folks. If your creditworthiness doesn't meet the criteria, it's not within my power to change anything.
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Credit AnalystMiami, FL - 10 months ago
I actually enjoy being a Credit Analyst; it's like solving a puzzle. Evaluating risk, conducting financial analysis, and assisting businesses in making informed decisions is challenging yet rewarding.

Find your job as Credit Analyst

Discussion about Credit Analyst

Want to know more about Credit Analyst position?
Share your thoughts and ideas about Credit Analyst position with others in our community.
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Do a lot of women work as a Credit Analyst?
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Sophie Hayes3 years ago
More men than women work as a Credit Analyst.
How old are people who work as a Credit Analyst?
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Benjamin Gardner3 years ago
The average age is 27
Is a Credit Analyst considered to be a junior profession?
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Sophie Hayes3 years ago
You need 4 years of experience to work as a Credit Analyst.
What industries does a Credit Analyst typically work in?
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Benjamin Gardner3 years ago
Finance & Insurance employs the most.
What kind of degree is needed to work as a Credit Analyst?
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Isabella Holmes3 years ago
You should be fine with a Bachelor of Science degree
Which company employs the most people in the Credit Analyst role?
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Liam Brown3 years ago
Bank of America, GM Financial, TD, U.S. Bank and Wells Fargo employs the most people in the Credit Analyst role.
How long do people usually work as a Credit Analyst when they switch to another position?
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Isabella Holmes3 years ago
You should work for 4 years before considering changing to another role.
How likely is it for people working as a Credit Analyst to switch companies still working as a Credit Analyst?
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Isabella Holmes3 years ago
A Credit Analyst typically works for multiple companies.
From which job titles people come from to work as a Credit Analyst?
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Isabella Holmes3 years ago
Financial Analyst, Customer Service Representative or Credit Manager are the typical prior positions for a Credit Analyst
Working as a Credit Analyst what job titles should I consider to switch to?
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Isabella Holmes3 years ago
Working as Credit Analyst consider Financial Analyst, Vice President or Credit Manager as a next step in your career.
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Disclaimer

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