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 2023

Geography	Employment	Emp SE*	Percentiles
Geography	Employment	Emp SE*	Mean	10th	25th	Median	75th	90th
Northwest Minnesota	60	8	$34.87/hr	$22.27/hr	$25.52/hr	$29.98/hr	$42.67/hr	$55.76/hr

Leading Industries for Credit Analysts

Industry	OES Employment (Statewide)	OES Median Wage (Statewide)
Construction	N/A	N/A
Manufacturing	50	$30.97/hr
Trade, Transportation and Utilities	100	$38.15/hr
Information	40	$24.75/hr
Financial Activities	1,240	$38.62/hr
Professional and Business Services	480	$41.02/hr
Leisure and Hospitality	N/A	N/A

Other Regional Data for Credit Analysts

Geography	Employment	Median Wage	Projections % Change 2020-2030
Grand Forks ND-MN MSA	N/A	N/A	N/A
Northeast Balance of State	N/A	N/A	N/A
La Crosse WI-MN MSA	30	$33.35/hr	N/A
Duluth MN-WI MSA	40	$24.63/hr	N/A
Mankato-North Mankato MN MSA	40	$32.41/hr	N/A
Northeast Minnesota	40	$24.63/hr	2.9%
Northwest Balance of State	50	$28.88/hr	N/A
Rochester MN MSA	60	$30.02/hr	N/A
Northwest Minnesota	60	$29.98/hr	-2.7%
Southwest Balance of State	80	$35.52/hr	N/A
Southeast Balance of State	80	$27.74/hr	N/A
Southeast Minnesota	100	$29.62/hr	-5.1%
St Cloud MN MSA	120	$29.53/hr	N/A
Fargo ND-MN MSA	140	$38.22/hr	N/A
Southwest Minnesota	150	$32.43/hr	-2.9%
Central Minnesota	180	$29.53/hr	-4.8%
Seven County Mpls-St Paul, MN	1,310	$40.92/hr	-6.4%
Minneapolis-St Paul-Bloomington MN-WI MSA	1,380	$40.82/hr	N/A
Minnesota	1,930	$38.88/hr	-5.3%

Related Occupations

Occupations	Employment	Median Wage	Projections % Change 2020-2030
Accountants and Auditors	28,730	$37.36/hr	4.4%
Securities, Commodities, and Financial Services Sales Agents	8,560	$36.33/hr	6.7%
Loan Interviewers and Clerks	5,160	$23.77/hr	-2.0%
Financial Examiners	2,120	$42.06/hr	N/A
Tax Preparers	1,430	$30.00/hr	1.7%
Tax Examiners and Collectors, and Revenue Agents	1,090	$33.14/hr	-2.5%
Insurance Underwriters	2,080	$37.79/hr	-5.5%
Budget Analysts	330	$40.06/hr	3.1%
Financial Managers	14,990	$65.23/hr	15.5%
Financial Specialists, All Other	1,460	$37.13/hr	N/A

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.