What they do
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 decisionmaking.
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Also called: |
Credit Administrator, Credit Analyst, Credit and Collections Analyst, Credit Officer, Credit Representative, Credit Risk Analyst, Municipal Fixed Income Analyst
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Wages
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Vermont - 2023 |
Percentile1 | Hourly | Yearly |
10% |
$ 24.54 |
$51,040 |
25% |
$ 29.50 |
$61,370 |
Median |
$ 35.60 |
$74,040 |
75% |
$ 50.53 |
$105,100 |
90% |
$ 61.94 |
$128,840 |
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Average |
$ 41.83 |
$87,010 |
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More at CareerOneStop |
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Industries of Employment
United States - 2020 |
Industry | Percent of total |
- Credit intermediation and related activities
| 60% |
- Management of companies and enterprises
| 13% |
- Securities, commodity contracts, and other financial investments and related activities
| 8% |
- Merchant wholesalers, durable goods
| 3% |
- Insurance carriers and related activities
| 2% |
More at BLS |
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Knowledge
People in this career often know a lot about: |
- Economics and Accounting
Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.
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- English Language
Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
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- Mathematics
Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
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- Law and Government
Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
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- Administrative
Knowledge of administrative and office procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and workplace terminology.
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More at O*NET |
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Skills
People in this career often have these skills: |
- Critical Thinking
Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
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- Active Learning
Understanding the implications of new information for both current and future problem-solving and decision-making.
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- Reading Comprehension
Understanding written sentences and paragraphs in work-related documents.
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- Speaking
Talking to others to convey information effectively.
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- Active Listening
Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
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More at O*NET |
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Interests
People in this career often prefer these work environments: |
- Conventional
Work involves following procedures and regulations to organize information or data, typically in a business setting. Conventional occupations are often associated with office work, accounting, mathematics/statistics, information technology, finance, or human resources.
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- Enterprising
Work involves managing, negotiating, marketing, or selling, typically in a business setting, or leading or advising people in political and legal situations. Enterprising occupations are often associated with business initiatives, sales, marketing/advertising, finance, management/administration, professional advising, public speaking, politics, or law.
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What are your interests? Take the O*NET Interest Profiler |
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Work Styles
People in this career will do well at jobs that need: |
- Analytical Thinking
Job requires analyzing information and using logic to address work-related issues and problems.
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- Attention to Detail
Job requires being careful about detail and thorough in completing work tasks.
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- Integrity
Job requires being honest and ethical.
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- Dependability
Job requires being reliable, responsible, and dependable, and fulfilling obligations.
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- Initiative
Job requires a willingness to take on responsibilities and challenges.
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More at O*NET |
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Tasks
On the job, you would: |
- Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.
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- Complete loan applications, including credit analyses and summaries of loan requests, and submit to loan committees for approval.
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- Generate financial ratios, using computer programs, to evaluate customers' financial status.
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- Prepare reports that include the degree of risk involved in extending credit or lending money.
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- Analyze financial data, such as income growth, quality of management, and market share to determine expected profitability of loans.
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More at O*NET |
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Related Occupations
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Career Video
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Projected Employment
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Vermont |
2020 employment |
152 |
2030 employment |
144 |
Annual percent change (compounded) |
-0.5% |
Annual projected job openings (due to change and separations) |
11 |
More at Occupational Projections |
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Education and Experience:
- Typical education needed for entry
Bachelor's degree
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- Work experience in a related occupation
None
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- Typical on-the-job training needed to attain competency
None
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Based on BLS Education and Training Classifications |
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Physical Work Activity
Performing physical activities that require considerable use of your arms and legs and moving your whole body, such as climbing, lifting, balancing, walking, stooping, and handling materials. |
- Physical activity is Seldom Important
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- Level of activity is Very Low
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Low | | High |
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Compare Occupations at O*NET |
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Job Zone
Considerable Preparation Needed |
- Specific Vocational Preparation Range
(7.0 to < 8.0) - A typical worker will require
over 2 years up to and including 4 years
of training to achieve average performance in this occupation.
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Based on O*Net Job Zones and SVP |
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Education Level
How much education do most people in this career have? |
Education level | | Percent of U.S. Workers |
Doctoral or professional degree or post-MA certificate | | 0% |
Master's degree or post-BA certificate | | 5% |
Bachelor's degree | | 95% |
Associate's degree | | 0% |
Certificate or some college, no degree | | 0% |
High school diploma or equivalent | | 0% |
Less than high school diploma | | 0% |
More at O*NET |
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Abilities
People in this career often have talent in: |
- Oral Expression
The ability to communicate information and ideas in speaking so others will understand.
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- Inductive Reasoning
The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
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- Oral Comprehension
The ability to listen to and understand information and ideas presented through spoken words and sentences.
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- Written Comprehension
The ability to read and understand information and ideas presented in writing.
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- Deductive Reasoning
The ability to apply general rules to specific problems to produce answers that make sense.
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More at O*NET |
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Work Activities
In general, what you might do: |
- Analyzing Data or Information
Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
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- Getting Information
Observing, receiving, and otherwise obtaining information from all relevant sources.
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- Working with Computers
Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
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- Processing Information
Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.
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- Communicating with Supervisors, Peers, or Subordinates
Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.
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More at O*NET |
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Detailed Work Activities
What you might do in a day: |
- Analyze business or financial data.
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- Assess risks to business operations.
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- Prepare contracts or other transaction documents.
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- Calculate data to inform organizational operations.
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- Prepare financial documents, reports, or budgets.
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More at O*NET |
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Other Resources
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- CareerOneStop
resource for job seekers, students, businessess and career professionals
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- O*NET Online
nation's primary source of occupational information
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