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Credit Analysts

Business and Financial Operations (13-2041)

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.

At a Glance

Credit Analysts earns a median of $80,970/yr with -4.4% projected growth. Typical entry: Bachelor's degree. Top skills: Analyzing Data or Information, Getting Information, SAS.

Median Annual Wage

$80,970/yr

Projected Growth (2024-34)

-4.4%

Annual Openings

4

Typical Education

Bachelor's degree

Skills & Requirements

Skills (6)

Critical Thinking

Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.

3.9
Active Learning

Understanding the implications of new information for both current and future problem-solving and decision-making.

3.6
Speaking

Talking to others to convey information effectively.

3.6
Reading Comprehension

Understanding written sentences and paragraphs in work-related documents.

3.6
Active Listening

Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.

3.5
Mathematics

Using mathematics to solve problems.

3.4

Knowledge (4)

Economics and Accounting

Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.

4.5
Mathematics

Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.

3.9
English Language

Knowledge of the structure and content of the English language including the meaning and spelling of words, and rules of composition and grammar.

3.9
Law and Government

Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.

3.3

Abilities (12)

Oral Expression

The ability to communicate information and ideas in speaking so others will understand.

4.0
Written Comprehension

The ability to read and understand information and ideas presented in writing.

3.9
Oral Comprehension

The ability to listen to and understand information and ideas presented through spoken words and sentences.

3.9
Inductive Reasoning

The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).

3.9
Mathematical Reasoning

The ability to choose the right mathematical methods or formulas to solve a problem.

3.8
Number Facility

The ability to add, subtract, multiply, or divide quickly and correctly.

3.8
Deductive Reasoning

The ability to apply general rules to specific problems to produce answers that make sense.

3.8
Problem Sensitivity

The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing that there is a problem.

3.8
Near Vision

The ability to see details at close range (within a few feet of the observer).

3.6
Information Ordering

The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations).

3.6
Written Expression

The ability to communicate information and ideas in writing so others will understand.

3.4
Speech Recognition

The ability to identify and understand the speech of another person.

3.3

Technology (12)

SAS

Category: Analytical or scientific software | Hot Technology

4.5
SAP software

Category: Enterprise resource planning ERP software | Hot Technology

4.5
Python

Category: Object or component oriented development software | Hot Technology

4.5
Microsoft Word

Category: Word processing software | Hot Technology

4.5
Microsoft Visual Basic for Applications VBA

Category: Development environment software | Hot Technology

4.5
Microsoft Visual Basic

Category: Development environment software | Hot Technology

4.5
Microsoft SQL Server

Category: Data base user interface and query software | Hot Technology

4.5
Microsoft PowerPoint

Category: Presentation software | Hot Technology | In Demand

4.5
Microsoft Outlook

Category: Electronic mail software | Hot Technology | In Demand

4.5
Microsoft Office software

Category: Office suite software | Hot Technology | In Demand

4.5
Microsoft Excel

Category: Spreadsheet software | Hot Technology | In Demand

4.5
Structured query language SQL

Category: Data base user interface and query software | Hot Technology

4.5

Work Activities (13)

Analyzing Data or Information

Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.

4.7
Getting Information

Observing, receiving, and otherwise obtaining information from all relevant sources.

4.6
Working with Computers

Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.

4.5
Processing Information

Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.

4.4
Communicating with Supervisors, Peers, or Subordinates

Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.

4.3
Making Decisions and Solving Problems

Analyzing information and evaluating results to choose the best solution and solve problems.

4.1
Updating and Using Relevant Knowledge

Keeping up-to-date technically and applying new knowledge to your job.

3.9
Interpreting the Meaning of Information for Others

Translating or explaining what information means and how it can be used.

3.8
Evaluating Information to Determine Compliance with Standards

Using relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards.

3.8
Establishing and Maintaining Interpersonal Relationships

Developing constructive and cooperative working relationships with others, and maintaining them over time.

3.8
Organizing, Planning, and Prioritizing Work

Developing specific goals and plans to prioritize, organize, and accomplish your work.

3.7
Identifying Objects, Actions, and Events

Identifying information by categorizing, estimating, recognizing differences or similarities, and detecting changes in circumstances or events.

3.6
Documenting/Recording Information

Entering, transcribing, recording, storing, or maintaining information in written or electronic/magnetic form.

3.5

Work Styles (1)

Dependability

A tendency to be reliable, responsible, and consistent in meeting work-related obligations.

3.6

Careers with Overlapping Skills

These occupations share the most skills. A career transition between them means many of your skills transfer directly.

Explore Key Skills

Frequently Asked Questions

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