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Credit Analysts in Vermont

Thinking about a career as a Credit Analysts in Vermont? Below are the key facts. 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).

What do Credit Analysts Make in Vermont?

The credit analysts working in Vermont, the typical annual salary is $82,090 per year (or about $39.47/hour).Pay can range from $56,770 at the 10th percentile to $220,090 at the 90th percentile.

Wage Statistic	Annual	Hourly
10th percentile	$56,770	$27.29
25th percentile	$61,510	$29.57
Median (50th)	$82,090	$39.47
75th percentile	$126,300	$60.72
90th percentile	$220,090	$105.81

Location quotient — how concentrated this career is in Vermont relative to the national average — is 0.46, meaning fewer credit analysts per worker than the national average.

National Wage Comparison

Nationally, credit analysts earn a median of $66,233 per year ($31.84/hour), above the Vermont median.

Employment Outlook

Nationally, total employment in this occupation is 285,612 credit analysts across the United States. In Vermont alone, about 60 people work in this role. That’s fewer than the typical state, which employs around 660 credit analysts.

Top Vermont Metros for Credit Analysts

The largest metro-area employers of credit analysts in Vermont.

Metro Area	Number Employed	Annual Median Salary
Burlington-South Burlington, VT	30	$99,520

Top States for Credit Analysts Employment

These states have the highest employment of credit analysts work.

State	Number Employed
New York	7,900
Texas	6,650
California	6,400
Florida	3,510
North Carolina	2,970
Illinois	2,960
Ohio	2,850
Georgia	2,510
Arizona	2,430
Pennsylvania	2,230
Virginia	2,060
Wisconsin	1,850
New Jersey	1,810
Massachusetts	1,740
Tennessee	1,470
Washington	1,400
Michigan	1,270
Missouri	1,220
Minnesota	1,190
Colorado	950

Highest-Paying States for Credit Analysts

The highest-paying states for credit analysts.

State	Annual Median Salary
New York	$132,690
District of Columbia	$103,530
Alabama	$101,050
New Jersey	$100,210
Delaware	$99,030
Virginia	$97,590
Colorado	$95,670
Massachusetts	$88,490
California	$88,360
North Carolina	$88,230

Skills

Key credit analysts skills, rated on an importance scale of 0 to 5:

Knowledge Areas

Key knowledge areas for this occupation, rated on an importance scale of 0 to 5:

Abilities

Key abilities for credit analysts, rated on an importance scale of 0 to 5:

Daily Tasks

Day-to-day, credit analysts typically:

• Analyze credit data and financial statements to determine 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.
• Generate financial ratios, using computer programs, to evaluate customers' financial status.
• Prepare reports that include the degree of risk involved in extending credit or lending money.
• Analyze financial data, such as income growth, quality of management, and market share to determine expected profitability of loans.
• Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations.
• Consult with customers to resolve complaints and verify financial and credit transactions.
• Contact customers to collect payments on delinquent accounts.
• Evaluate customer records and recommend payment plans, based on earnings, savings data, payment history, and purchase activity.
• 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.

Work Activities

• Analyzing Data or Information
• Getting Information
• Working with Computers
• Processing Information
• Communicating with Supervisors, Peers, or Subordinates
• Making Decisions and Solving Problems
• Updating and Using Relevant Knowledge
• Interpreting the Meaning of Information for Others
• Evaluating Information to Determine Compliance with Standards
• Establishing and Maintaining Interpersonal Relationships
• Organizing, Planning, and Prioritizing Work
• Identifying Objects, Actions, and Events

Tools & Technology

Common tools and software used in this occupation include: Hot technologies: Microsoft Excel, Microsoft Office software In-demand technologies: Microsoft Excel

What Major Will Prepare You For This Career?

Several college majors map to this occupation:

• Accounting
• Finance & Financial Management

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Related Careers

Careers similar to credit analysts include:

• Financial Managers
• Investment Fund Managers
• Accountants and Auditors
• Budget Analysts
• Financial and Investment Analysts
• Personal Financial Advisors

Also Known As

Commercial Credit Analyst, Commercial Credit Manager, Credit Administrator, Credit Analyst, Credit Assessment Analyst, Credit Assistant Manager, Credit Coordinator, Credit Manager, Credit Negotiator, Credit Officer, Credit Portfolio Manager, Credit Representative, Credit Risk Analyst, Credit Risk Manager, Credit Risk Specialist.

References

• U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics — https://www.bls.gov/oes/
• O*NET Online — https://www.onetonline.org/
• BLS Employment Projections — https://www.bls.gov/emp/
• O*NET-SOC code: 13-2041.00