Alabama Department of Labor

Labor Market Information Division
SOC: 13-2041 Credit Analysts
Analyze current 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 this credit information for use in decision-making.
Education: Most of these occupations require a four-year bachelor's degree, but some do not.
OJT: Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.
Tasks: 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. Consult with customers to resolve complaints and verify financial and credit transactions. Prepare reports that include the degree of risk involved in extending credit or lending money. Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations. Review individual or commercial customer files to identify and select delinquent accounts for collection. Confer with credit association and other business representatives to exchange credit information.
License: License not required.
Outlook: Satisfactory
Alabama Employment Outlook
Alabama Wage Data
Hourly Wage   Annual Wage
Entry $21.90   Entry $45,556.00
Mean $37.56   Mean $78,113.00
Experience $45.38 Experience $94,391.00

The data is based on the May 2017 Occupation Employment Survey employment and wage estimate file. The wages have been aged using the most current ECI factors reflecting wages as of June 2018.

Alabama Projections
Estimated Employment 2016Projected Employment 2026Annual Average OpeningsAnnual Growth Rate
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Occupational Videos
13-2041.00 Credit Analysts