DETAILED OCCUPATION DATA

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. Excludes "Financial Risk Specialists" (13-2054).

Occupational Employment Statistics(OES) Wage Data
Wages Updated to First Quarter, 2020

					Percentiles
Geography	Employment	Emp SE*	Mean	Mean SE*	10th	25th	Median	75th	90th
Minnesota	2,080	144	$39.30/hr	$0.94/hr	$24.36/hr	$29.02/hr	$36.21/hr	$46.80/hr	$60.08/hr
U S	73,930	1,626	$41.21/hr	$0.45/hr	$21.08/hr	$26.85/hr	$35.74/hr	$49.43/hr	$70.77/hr
*SE = Standard error, a measure of the statistical reliability of the estimate.

Leading Industries for Credit Analysts Industry OES Employment OES Median Wage Financial Activities 1,260 $36.20/hr Professional and Business Services 460 $37.50/hr Trade, Transportation and Utilities 210 $34.85/hr Manufacturing 80 $31.87/hr

Other Regional Data For Credit Analysts Geography (click title for details) OES Projections Employment Median Wage % Change 2023 - 2025 Minnesota 2,080 $36.21/hr -3.6% Minneapolis-St Paul-Bloomington MN-WI MSA 1,490 $38.25/hr N/A Seven County Mpls-St Paul, MN 1,420 $38.59/hr N/A Central Minnesota 230 $30.10/hr N/A St Cloud MN MSA 150 $29.15/hr N/A Southeast Minnesota 150 $34.38/hr N/A Southwest Minnesota 130 $29.47/hr N/A Northwest Minnesota 100 $31.13/hr N/A Northwest Balance of State 90 $31.04/hr N/A Fargo ND-MN MSA 90 $30.76/hr N/A Southwest Balance of State 80 $31.76/hr N/A Rochester MN MSA 50 $35.26/hr N/A Mankato-North Mankato MN MSA 50 $30.49/hr N/A La Crosse WI-MN MSA 40 $24.70/hr N/A Northeast Minnesota 30 $29.39/hr N/A Duluth MN-WI MSA 30 $30.28/hr N/A Grand Forks ND-MN MSA N/A N/A N/A Northeast Balance of State N/A N/A N/A Southeast Balance of State N/A $32.60/hr N/A

Related Occupations

Occupation (click title for details)	OES		Projections
	Employment	Median Wage	% Change 2023 - 2025
Accountants and Auditors	23,210	$33.06/hr	1.5%
Cost Estimators	4,480	$31.12/hr	1.7%
Personal Financial Advisors	3,900	$38.76/hr	1.8%
Insurance Underwriters	1,750	$35.09/hr	-0.9%
Tax Preparers	1,350	$26.02/hr	2.2%

• Analyzes credit data and financial statements to determine degree of risk involved in extending credit or lending money.
• Reviews individual or commercial customer files to identify and select delinquent accounts for collection.
• Consults with customers to resolve complaints and verify financial and credit transactions and adjust accounts as needed.
• Confers with credit association and other business representatives to exchange credit information.
• Generates financial ratios, using computer program, to evaluate customer's financial status.
• Compares liquidity, profitability, and credit history with similar establishments of same industry and geographic location.
• Completes loan application, including credit analysis and summary of loan request, and submits to loan committee for approval.
• Evaluates customer records and recommends payment plan based on earnings, savings data, payment history, and purchase activity.
• Analyzes financial data, such as income growth, quality of management, and market share to determine profitability of loan.