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Credit Analysts

Description

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 decision making.

Common Tasks

  • Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.
  • Prepare reports that include the degree of risk involved in extending credit or lending money.
  • Evaluate customer records and recommend payment plans based on earnings, savings data, payment history, and purchase activity.
  • Confer with credit association and other business representatives to exchange credit information.
  • Complete loan applications, including credit analyses and summaries of loan requests, and submit to loan committees for approval.

Required Education

Bachelor's degree

Wages

In 2016 the mean hourly wage in the Greater Sacramento area was $32.07 . The hourly rate for this occupation typically paid between $13.40 and $61.66 .

In 2016 the mean annual salary in the Greater Sacramento area was $66,712.14 . The annual salary for this occupation typically paid between $27,865.81 and $128,235.92 .

Occupation Outlook

This occupation employed 400 people in the Greater Sacramento area during 2014.

By 2024, there is expected to be an increase of 12.5% in the number of jobs in the Greater Sacramento area for this occupation, bringing to total number to 450.

By 2024, in the Greater Sacramento area, the median hourly rate for this occupation is expected to be $27.00 with the median annual salary reaching $57,134.

Data courtesy of O*NET
O*NET in-it