What Credit Analysts do
The U.S. Department of Labor's O*NET database describes the work of Credit Analysts this way: "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."
The core tasks O*NET records for this occupation include: "Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money"; "Prepare reports that include 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"; "Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations".
Education, experience and training
According to the BLS Employment Projections, the typical education needed to enter this occupation is bachelor's degree.
Job outlook for Credit Analysts
The Bureau of Labor Statistics counted 64,700 jobs in this occupation in 2025 and projects 61,900 in 2035, a decrease of 2,800 jobs (-4.3%). That is slower than the 3.5% projected for all occupations.
About 3,100 openings a year are projected on average, counting both new positions and positions vacated by workers who retire or switch occupations. Relative to today's employment that is 4.8% a year, against 10.3% for all occupations. BLS lists a national median annual wage of $83,510, compared with $50,980 for all occupations.
Where Credit Analysts earn the most
Across the 2 states with published data, the employment-weighted average of local median wages for this occupation ranges from $128,559 in New Jersey to $132,725 in New York, a gap of $4,166 (1.03 times). 2 of those 2 states average above the BLS national median of $83,510 and 0 average at or below it.
New Jersey employs the most people in this occupation among the states covered, 9,190, which is 52.6% of the 17,480 counted across them. New York follows with 8,290.
Highest-paying states
New York ($132,725) and New Jersey ($128,559) lead the ranking, while New Jersey ($128,559) and New York ($132,725) are at the bottom. The table below lists every state with a link to its county-level detail.
Occupations related to Credit Analysts
Other occupations in the same SOC minor group (13-2000) include Financial Risk Specialists, Personal Financial Advisors, Financial and Investment Analysts and Financial Examiners.
Frequently asked questions about Credit Analysts
How much do Credit Analysts earn in the United States?
BLS lists a national median annual wage of $83,510. Across the states covered here the average local median ranges from $128,559 to $132,725.
Which state pays Credit Analysts the most?
New York, with an employment-weighted average local median wage of $132,725. New Jersey is next at $128,559.
Is Credit Analysts a growing occupation?
BLS projects employment to shrink by 4.3% between 2025 and 2035, compared with 3.5% for all occupations, with about 3,100 openings a year.
What education do Credit Analysts need?
The typical entry-level education is bachelor's degree, according to BLS.