Credit Analysts
SOC Code: 13-2041 Job Zone 4: Considerable Preparation Needed
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.
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Prevailing Wage Levels (National)
DOL/OFLC prevailing wage thresholds for Credit Analysts. Hourly rates x 2,080 = annual.
FY2027 Weighted Lottery Impact
| Level | Lottery Entries | Est. Selection Rate |
|---|---|---|
| Level I (Entry) | 1 entry | ~16% |
| Level II (Qualified) | 2 entries | ~31% |
| Level III (Experienced) | 3 entries | ~45% |
| Level IV (Expert) | 4 entries | ~61% |
Prevailing Wages by Metro Area
| Metro Area | Level I | Level II | Level III | Level IV |
|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ | $84,677 | $116,480 | $148,304 | $180,107 |
| San Francisco-Oakland-Fremont, CA | $78,083 | $110,739 | $143,374 | $176,030 |
| Atlantic City-Hammonton, NJ | $78,437 | $109,554 | $140,650 | $171,766 |
| Santa Cruz-Watsonville, CA | $75,150 | $105,186 | $135,200 | $165,235 |
| Vallejo, CA | $70,429 | $101,462 | $132,475 | $163,509 |
| Stockton-Lodi, CA | $70,824 | $100,235 | $129,646 | $159,058 |
| Winston-Salem, NC | $61,610 | $93,808 | $126,027 | $158,226 |
| Denver-Aurora-Centennial, CO | $69,701 | $94,661 | $119,621 | $144,581 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | $73,091 | $96,699 | $120,307 | $143,915 |
| Boulder, CO | $68,578 | $92,955 | $117,354 | $141,731 |
H-1B Filing Data
Top H-1B Employers
| Employer | Filings | Avg Wage |
|---|---|---|
| Morgan Stanley Bank, N.A. | 1 | $100,000 |
Filing Trend
| Year | Filings | Avg Wage |
|---|---|---|
| 2024 | 1 | $100,000 |
Key Skills
| Skill | Importance | Level |
|---|---|---|
| Critical Thinking | 3.9 | |
| Active Learning | 3.6 | |
| Speaking | 3.6 | |
| Reading Comprehension | 3.6 | |
| Active Listening | 3.5 | |
| Mathematics | 3.4 | |
| Judgment and Decision Making | 3.1 | |
| Writing | 3.1 | |
| Service Orientation | 3.0 | |
| Complex Problem Solving | 3.0 |
Knowledge Areas
| Knowledge | Importance |
|---|---|
| Economics and Accounting | 4.5 |
| Mathematics | 3.9 |
| English Language | 3.9 |
| Law and Government | 3.3 |
| Administrative | 3.0 |
| Computers and Electronics | 2.9 |
| Customer and Personal Service | 2.9 |
| Administration and Management | 2.8 |
Education Requirements
| Education Level | % of Workers |
|---|---|
| Bachelor's degree | 95.0% |
| Doctoral degree | 5.0% |
Typical Tasks
- 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.
- Consult with customers to resolve complaints and verify financial and credit transactions.
- Analyze financial data, such as income growth, quality of management, and market share to determine expected profitability of loans.
Technology Skills
Green = Hot Technology in demand
Microsoft Excel Microsoft Office software Microsoft Outlook Microsoft PowerPoint Microsoft SQL Server Microsoft Visual Basic Microsoft Visual Basic for Applications VBA Microsoft Word Python SAP software SAS Structured query language SQL CGI-AMS BureauLink Enterprise CGI-AMS CACS Enterprise CGI-AMS Strata
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