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Occupational Employment Statistics


DETAILED OCCUPATION DATA

13-2041 Credit Analysts



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.

Geography Click link for Career Profile EmploymentEmp SE*Percentiles
Mean10th25thMedian75th90th
Northwest Minnesota 407$37.42/hr$24.24/hr$29.30/hr$31.03/hr$44.56/hr$57.02/hr


IndustryOES Employment (Statewide)OES Median Wage (Statewide)
Manufacturing30$37.79/hr
Trade, Transportation and Utilities80$34.74/hr
InformationN/AN/A
Financial Activities930$38.75/hr
Professional and Business Services140$37.09/hr
Leisure and HospitalityN/AN/A
 
Geography Click link for details EmploymentMedian WageProjections
% Change 2022-2032
Mankato-North Mankato MN MSA 10$40.14/hrN/A
Northeast Balance of State 10$30.73/hrN/A
Grand Forks ND-MN MSA 20$39.88/hrN/A
Rochester MN MSA 20$37.09/hrN/A
Northeast Minnesota 40$30.07/hr-4.8%
Northwest Minnesota 40$31.03/hr-4.7%
Duluth MN-WI MSA 40$30.47/hrN/A
Northwest Balance of State 40$31.03/hrN/A
Southwest Balance of State 50$38.24/hrN/A
Southeast Minnesota 60$35.40/hr-4.3%
La Crosse WI-MN MSA 60$31.94/hrN/A
Southeast Balance of State 60$31.02/hrN/A
Southwest Minnesota 80$37.65/hr-3.5%
St Cloud MN MSA 110$31.12/hrN/A
Central Minnesota 160$31.12/hr-1.7%
Fargo ND-MN MSA 200$40.82/hrN/A
Seven County Mpls-St Paul, MN 720$39.47/hr-5.1%
Minneapolis-St Paul-Bloomington MN-WI MSA 780$39.39/hrN/A
Minnesota 1,190$38.52/hr-4.6%


Occupations Click link for details EmploymentMedian WageProjections
% Change 2022-2032
Accountants and Auditors 30,400$39.40/hr5.6%
Securities, Commodities, and Financial Services Sales Agents 7,690$38.70/hr6.2%
Loan Interviewers and Clerks 3,300$24.35/hr-3.2%
Financial Examiners 1,100$46.50/hr20.8%
Tax Preparers 1,330$31.83/hr1.7%
Tax Examiners and Collectors, and Revenue Agents 290$31.70/hr3.4%
Insurance Underwriters 2,670$38.36/hr-3.0%
Budget Analysts 470$39.79/hr3.6%
Financial Managers 16,520$76.78/hr16.3%
Financial Specialists, All Other 810$39.97/hr6.3%


  • 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.