Credit Analysts

Employers

Credit analysts are employed by banks, credit unions, credit agencies, business credit institutions, credit bureaus, corporations, and loan companies. They also work for hotels, hospitals, and department stores. Approximately 73,200 credit analysts are employed in the United States. Opportunities are available throughout the country, but the largest number of credit analysts are employed in California, Texas, New York, Florida, and Illinois.

Starting Out

Although some people enter the field with a high school or two-year degree, most entry-level positions go to college graduates with degrees in fields such as accounting, finance, economics, and business administration. Credit analysts receive much of their formal training and learn specific procedures and requirements on the job. Many employees also rise through the ranks via other positions such as teller or customer service representative prior to becoming a credit analyst. Newspaper want ads, school placement services, online employment agency Web sites, and direct application to specific employers are all ways of tracking down that first job.