Credit analysts evaluate requests for credit and loans. They prepare reports about whether the company should lend money to loan applicants.
| Quick Facts: Credit Analysts | |
|---|---|
| Wages | Earn $85,762 per year |
| Employment | Medium occupation |
| 10 Year Growth | Declining |
| Annual Openings | Few |
Preparation
A credit analyst typically needs to:
- have a high school diploma or equivalent
- have a bachelor's degree
Working Conditions
In a typical work setting, credit analysts:
- Have a medium level of social contact. They work with loan applicants, loan officers, and office staff.
- Work near other people, but in a separate office or many feet apart.
- Must be exact in their work and avoid errors. Errors could lose money for the company.
- Work a regular set schedule.
Wages
In Illinois, credit analysts earn a median wage of $85,762 per year.
| $0 | $50 | $100 | $150 | $200 |
| Illinois |
$ amounts are in thousands of dollars.
Employment and Outlook
In Illinois, 3,195 credit analysts work in this medium occupation.
| Location | Employment | 10 Year Growth | Annual Openings |
|---|---|---|---|
| Illinois | 3,195 Medium | -6.7% Declining | 238 Few |