What credit analysis managers do plays a vital role in shaping the financial future of an individual or a company. Is it likely that this job can become more advisory based as I gain experience? On a daily basis, Credit Analysts analyze financial data such as income growth, quality of management, and market share to determine expected profitability of loans. The Credit Risk Analyst Career Path. These subjects are necessary to function as a credit analyst … Credit Analyst Salary and Career Path The Bureau of Labor Statistics reports that the median wage for Credit Analysts in 2010 was approximately $58,850 per year. The credit analyst prepares an “application for credit” that determines the structure and pricing of a financing request. What is the career path for a credit analyst? Credit Analyst Salary United States: According to the United States Bureau of Labor Statistics, the median annual salary for Americans in the Credit Analysts occupational group is $69,930 per year, and the mean salary is $81,160 per year, with the lowest 10% earning below $40,860 and … Posted by Jeff Pelliccio on Jun 8, 2018 9:00:00 AM In ICS insights, Job Trends, Job Search Tips. A career as a credit analyst requires a Bachelor's degree in finance, accounting or another related field like ratio analysis, statistics, economics, calculus, financial statement analysis and risk assessment. Is it a career with limited exit ops? An account manager is focused on business development and is a more client-facing role. Credit analysts analyze financial statements and produce financial reviews for companies and their clients. The salary range for these professionals during the same year was approximately $35,000 to $112,000 per year. The path to becoming a credit analysis manager can lead to a rewarding profession. A credit analyst is tasked with analyzing a client’s financial statements, competitive position, industry, and management team. What are the hours like? Earning this degree provides you with knowledge essential for risk assessment, including statistics, economics, ratio analysis, calculus, industry assessment and financial statement analysis. I have a credit analyst opportunity that I can obtain in Los Angeles, CA for a large Korean-American bank in the US. Explore Your Career Options. I'm currently working in Human Resources as a recruiter, and I'm 23 years old. Highly skilled credit analysts may have opportunities for advancement into a leadership position with higher compensation, such as senior credit analyst or chief financial officer. How can you become a credit analyst? The best states for people in this position are New York, New Jersey, Connecticut, and California. Commercial banks and other financial organizations employ credit risk analysts in their credit and lending departments. I'm really considering this opportunity, but I wanted to know what kind of career path I … How much is the salary? You can begin your path toward a credit analysis career by earning a bachelor’s degree in finance, accounting, or a related field. A credit analyst is usually required to have at least a bachelor’s degree in finance, accounting or related discipline. Some places are better than others when it comes to starting a career as a credit analyst. Credit analysts make the most in New York with an average salary of $84,296. What is the work like? I saw that it was 45,000 to 55,000 which seemed a little low. The employment options available to you as a credit risk analyst include investment companies and banks, credit rating agencies, new businesses, and any other financial trade organization that deals with products and services. According to the U.S. Bureau of Labor Statistics, the mean annual wage for credit analysts in 2018 was $82,300.