Credit Analyst Career

Credit Analysts play a very important role in the decision making process inside banks and financial structures regarding lending loans to applicants. Credits analysts use past data to forecast the health of credit accounts in future. Their recommendations are given high value by senior management in banks and other financial institutions as Credit Analysts are equipped with all the financial tools to analyze if approving loan for a particular customer will be a smart call or not.

Pursuing a Career as a Credit Analyst

Credit Analyst career can be a bright choice for finance and commerce students who have sharp analytical skills and have knowledge as to how credit management works at banks and financial institutions. Having information about the fundamentals of banking law and local regulations is also very important in this regard. Apart from having strong grip on credit analysis tools and techniques, such professionals also need to have good interpersonal skills and neat presentation methods. Mostly hired by commercial banks and financial institutions, Credit Analysts are considered a key member of a financial institution’s staff because he provides in-depth credit account analyses to enable management to determine if they should issue loans or not to certain customers.

Credit Analyst Career: Qualification, Courses, Training

In order to become a Credit Analyst, you would need to hold at least a Bachelor’s degree in Finance or Business Administration, or a related discipline. Any additional qualification would increase the chances of selection of a professional significantly. Certifications such as CFA or Chartered Financial Analyst could really prove useful to their cause. Some positions could even require a professional certification as a qualification standard.

Credit Analyst Career: Schools, Colleges, Universities

The following Finance and Business Management schools are some of the best in the United States for Credit Analysts.

  • MIT, Sloan School of Management, Cambridge, MA
  • Harvard University, Harvard Business School, Boston, MA
  • University of California-Berkley, Berkley, CA
  • Stanford University, Graduate School of Business, Stanford, CA
  • Pennsylvania State University, Smeal College of Business, University Park, PA
  • University of Pennsylvania, The Wharton School, Philadelphia, PA
  • University of Chicago, Booth School of Business, Chicago, IL

Credit Analyst Career: Job Opportunities, Salaries and Recruitment

Credit Analysts can expect a lot of opportunities because according to the statistics issued by the US Bureau of Labor Statistics, job opportunities for these professionals are expected to grow at 10% from 2008 to 2018. Apart from that, the yearly median salary for Credit Analysts is expected to be $54,700.

Category: Analyst Careers

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