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
EDR 11 - 7 County Twin Cities	1,420	123	$42.15/hr	$1.16/hr	$26.64/hr	$31.19/hr	$38.59/hr	$50.23/hr	$62.51/hr
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 760 $40.24/hr Professional and Business Services 370 $38.53/hr Trade, Transportation and Utilities 160 $36.05/hr Manufacturing 70 $31.65/hr

Other Regional Data For Credit Analysts Geography (click title for details) OES Projections Employment Median Wage % Change  -  EDR 11 - 7 County Twin Cities 1,420 $38.59/hr N/A EDR 7W- Central 190 $29.63/hr N/A EDR 10 - Southeast 150 $34.38/hr N/A EDR 9 - South Central 80 $29.73/hr N/A EDR 8 - Southwest 50 $31.40/hr N/A EDR 4 - West Central 40 $37.03/hr N/A EDR 5 - North Central 30 $29.56/hr N/A EDR 3 - Arrowhead 30 $29.39/hr N/A EDR 6E- Southwest Central 20 $43.64/hr N/A EDR 6W- Upper Minnesota Valley 10 $22.37/hr N/A EDR 1 - Northwest 10 $18.71/hr N/A EDR 2 - Headwaters 10 $24.48/hr N/A EDR 7E- East Central N/A N/A N/A

Related Occupations

Occupation (click title for details)	OES		Projections
	Employment	Median Wage	% Change  -
Accountants and Auditors	18,020	$34.10/hr	N/A
Personal Financial Advisors	3,170	$40.80/hr	N/A
Cost Estimators	2,840	$32.34/hr	N/A
Insurance Underwriters	1,600	$36.10/hr	N/A
Tax Preparers	940	$27.05/hr	N/A

• 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.