Occupational Employment Statistics

DETAILED OCCUPATION DATA

13-2041 Credit Analysts

Occupational 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.

Occupational Employment Statistics(OES) Wage Data
First Quarter 2024

Geography	Employment	Emp SE*	Percentiles
Geography	Employment	Emp SE*	Mean	10th	25th	Median	75th	90th
Minnesota	1,660	139	$39.94/hr	$27.08/hr	$30.35/hr	$37.42/hr	$45.67/hr	$59.28/hr

Leading Industries for Credit Analysts

Industry	OES Employment (Statewide)	OES Median Wage (Statewide)
Manufacturing	40	$32.41/hr
Trade, Transportation and Utilities	120	$34.43/hr
Information	30	$26.01/hr
Financial Activities	1,110	$37.89/hr
Professional and Business Services	360	$32.45/hr
Leisure and Hospitality	N/A	N/A

Other Regional Data for Credit Analysts

Geography	Employment	Median Wage	Projections % Change 2022-2032
Northeast Balance of State	10	$29.58/hr	N/A
Grand Forks ND-MN MSA	20	$38.16/hr	N/A
Mankato-North Mankato MN MSA	30	$34.02/hr	N/A
Northeast Minnesota	40	$29.58/hr	-4.8%
Duluth MN-WI MSA	40	$29.97/hr	N/A
Northwest Balance of State	40	$38.44/hr	N/A
La Crosse WI-MN MSA	50	$36.46/hr	N/A
Rochester MN MSA	50	$31.31/hr	N/A
Northwest Minnesota	60	$38.21/hr	-4.7%
Southeast Balance of State	70	$30.86/hr	N/A
Southwest Balance of State	90	$37.26/hr	N/A
Southeast Minnesota	100	$31.31/hr	-4.3%
Southwest Minnesota	130	$36.59/hr	-3.5%
St Cloud MN MSA	150	$30.36/hr	N/A
Fargo ND-MN MSA	170	$40.90/hr	N/A
Central Minnesota	210	$30.73/hr	-1.7%
Seven County Mpls-St Paul, MN	1,020	$38.91/hr	-5.1%
Minneapolis-St Paul-Bloomington MN-WI MSA	1,090	$38.85/hr	N/A
Minnesota	1,660	$37.42/hr	-4.6%

Related Occupations

Occupations	Employment	Median Wage	Projections % Change 2022-2032
Accountants and Auditors	30,370	$38.52/hr	5.6%
Securities, Commodities, and Financial Services Sales Agents	7,830	$36.43/hr	6.2%
Loan Interviewers and Clerks	4,320	$24.06/hr	-3.2%
Financial Examiners	1,950	$43.11/hr	20.8%
Tax Preparers	1,100	$23.71/hr	1.7%
Tax Examiners and Collectors, and Revenue Agents	1,050	$35.29/hr	3.4%
Insurance Underwriters	1,970	$38.92/hr	-3.0%
Budget Analysts	300	$41.91/hr	3.6%
Financial Managers	16,400	$74.37/hr	16.3%
Financial Specialists, All Other	1,050	$38.99/hr	6.3%

Task for Credit Analysts

Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations.
Prepare reports that include the degree of risk involved in extending credit or lending money.
Complete loan applications, including credit analyses and summaries of loan requests, and submit to loan committees for approval.
Evaluate customer records and recommend payment plans, based on earnings, savings data, payment history, and purchase activity.
Analyze financial data, such as income growth, quality of management, and market share to determine expected profitability of loans.
Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.
Generate financial ratios, using computer programs, to evaluate customers' financial status.
Review individual or commercial customer files to identify and select delinquent accounts for collection.
Evaluate customer records and recommend payment plans, based on earnings, savings data, payment history, and purchase activity.
Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.