Similar careers
Similarity is based on what people in the careers do, what they know, and what they are called. The process of establishing similarity lists is described in this white paper.
A Credit Analyst is a finance professional who evaluates the creditworthiness of individuals or businesses seeking loans. They analyze financial statements, credit data, and economic conditions to assess the risk of lending money.
Education: Bachelor's degree
Years in related career: None
On-the-job training: None
Projected Growth: -4.3% (negative growth)
Annual job openings: 3,700
Direct AI exposure: 22% of tasks
Potential AI exposure: 89% of tasks
| According to the U.S. Bureau of Labor Statistics, average income (in USD) in 2025 was $84K per year. | ||||
|---|---|---|---|---|
| Bottom 10% | Bottom 25% | Median (average) | Top 25% | Top 10% |
| $56K per year | $65K per year | $84K per year | $122K per year | $169K per year |
| Compared to other careers: Median is $32K above the national average. | ||||
Credit Analysts typically work in office settings within banks, credit unions, and other financial institutions. Their job involves a significant amount of time analyzing data on computers and preparing reports. They often work standard business hours, but may experience periods of extended hours, particularly during high-volume lending periods.
Credit Analysts play a critical role in the financial industry, ensuring that lending decisions are made on a sound financial basis. They must be adept at interpreting financial statements, understanding economic trends, and applying financial principles to determine the risk of lending. This role requires a high level of attention to detail, as the analysis must be thorough and accurate to protect the financial institution from undue risk.
Communication skills are also important, as Credit Analysts must often explain their findings and recommendations to loan officers or other decision-makers. The ability to convey complex financial information in a clear and concise manner is essential.
The work of a Credit Analyst requires continuous learning and adaptation, as financial regulations and market conditions can change rapidly. Analysts must stay informed about changes in credit markets and regulatory environments to provide accurate and relevant advice.
Most Credit Analyst positions require a bachelor's degree in finance, accounting, economics, or a related field, equating to about 4 years of post-secondary education. Additional certifications in credit analysis or financial risk management can be beneficial.
Similarity is based on what people in the careers do, what they know, and what they are called. The process of establishing similarity lists is described in this white paper.
