Business and finance
Credit analyst
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.
Median pay
$83,510
Growth to 2035
−4%
declining
Openings a year
3,100
Time to qualify*
Minimal
* From a bachelor's degree in an unrelated field.
Pay
Credit analyst
Getting in
- Typical entry education
- Bachelor's degree
- On-the-job training
- None
- Prior experience
- None
What the work is like
Dealing with the public
Unpleasant or angry people
Time pressure
Cost of a mistake
Freedom to make decisions
Repeating the same tasks
Time sitting
Time standing
Credit analyst: 50% usually work over 40 hours a week
Core tasks
- Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.
- Complete loan applications, including credit analyses and summaries of loan requests, and submit to loan committees for approval.
- Generate financial ratios, using computer programs, to evaluate customers' financial status.
- Prepare reports that include the degree of risk involved in extending credit or lending money.
- Analyze financial data, such as income growth, quality of management, and market share to determine expected profitability of loans.
- Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations.
- Consult with customers to resolve complaints and verify financial and credit transactions.
Also called: Credit Administrator · Credit Analyst · Credit and Collections Analyst · Credit Officer · Credit Representative · Credit Risk Analyst · Municipal Fixed Income Analyst
Outlook and AI
Credit analysts held 64,700 jobs in 2025. BLS projects 61,900 by 2035 (−4%, declining; all jobs: +3.5%).
Productivity change - share decreases as companies increase the productivity of credit analysts by using more data and machine learning in the credit risk analyses process.
Compare with
- Credit analyst vs. Credit authorizers, checkers, and clerks
- Credit analyst vs. Loan officer
- Credit analyst vs. Loan interviewers and clerks
- Credit analyst vs. Credit counselor
- Credit analyst vs. Financial analyst
- Credit analyst vs. Personal financial advisor
- Credit analyst vs. Financial risk specialist
- Credit analyst vs. Accountant
- Credit analyst vs. Financial examiner
- Credit analyst vs. Securities, commodities, and financial services sales agents