Banking & Financial Services

Credit Analyst

Credit analysts assess financial data to decide on the level of risk associated with lending money to individuals or businesses.

  • Entry-level education

    Bachelor’s degree

  • Job outlook

    1 2 3 4 5

What does a Credit Analyst do?

Credit analysts assess financial data to decide on the level of risk associated with lending money to individuals or businesses.

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Work activities

As a credit analyst, you would:

  • analyse financial data and undertake research to determine the risk involved in lending money or extending credit
  • use specialist software to evaluate a customer's financial standing
  • write reports on financial risks
  • use a comparison model to evaluate the likelihood of business success and failure
  • make recommendations based on your analysis
  • attend customer visit with credit managers or banking relationship managers.
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Key skills and interests

To become a credit analyst, you would need:

  • excellent numerical and calculation skills
  • commercial awareness and business acumen
  • IT skills
  • good people and communication skills
  • the ability to operate with a high degree of autonomy
  • strong attention to detail.
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Working hours and conditions

Working Hours

In a full time role, you would usually work standard business hours. with overtime necessary at busy periods.

Conditions

You would be based in an office and generally work within the financial services sector.

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How to become an Credit Analyst?

Entry Level Education

Employers usually prefer that credit analysts have a bachelor's degree, although a diploma combined with related work experience may be acceptable. You may like to consider a VET qualification in credit management or financial services.

To get into degree courses you usually need to gain your senior secondary school certificate or equivalent. English, maths and economics would be appropriate subjects to study prior to university.

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Job outlook

  • 1 2 3 4 5

Employment of credit analysts is expected to grow moderately.

The banking and financial services industries are currently undergoing rapid change. The introduction of new technology and new ways of conducting banking business, either face-to-face or online, are affecting employment demand. Competition is strong for entry-level vacancies in credit and lending roles.

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