LearningPath.org. They also consult a client on specific investment strategies for increasing income, finding insurance, securing an estate and preparing for any radical financial changes in a client's life, such as a lost job, a death in the family, or getting married. Cons: Can be challenging if the information is inadequate or misleading. Three other factors that can increase your salary as a Credit Analyst is the degree you hold, the industry you work in, and lastly the company you work for. This site uses Akismet to reduce spam. Candidates need to have at least a bachelor's degree, while an advanced degree was preferred. Credit analysts will look at a number of factors to determine if credit should be extended to a client, such as examining credit histories, comparing profitability to similar establishments and talking to credit associations. One of the biggest … Candidates should have a bachelor's degree plus at least two years of experience in commercial underwriting. Investment analyst– Working as an Investment Analyst requires familiarity and comfort with computers as well as financial modelling. Credit Analyst. But you don’t always need a credit repair service to fix your credit problems if you can do it yourself.. We’ll explain do-it-yourself (DIY) credit repair, how to get started, and the pros and cons … Check out all of the pros and cons to see if becoming a credit analyst is right for you. [ Read: Best Credit Cards for Bad Credit. Data analyst. PROS Here are some of the advantages to enrolling in the CFA program. And these payment plans aren’t that hard to find, either. So Apple never exchanges the real credit or debit card numbers with retailers or transmits them with the order. Prepare reports with credit information for use in decision making. Having an understanding of federal credit and lending regulations could also give your job search a boost. Feature. States with the highest levels of employment for credit analysts include New York, California, Texas, Ohio and Florida. From there, we will explore the possible career paths of a credit analyst. analyze credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. A leasing company in Pennsylvania advertised for a credit analyst with at least five years of experience in credit underwriting. Then, we will go through the general lending process and explain how a credit analyst … Universities, YouTube Rivals iTunes with Free University Lecture Downloads, Becoming a Forecast Analyst: Job Description & Salary Information, Cost Analyst Careers: Salary Information & Job Description, eSourcing Analyst Careers: Job Description & Salary Information, Becoming a Computer Analyst: Salary Information & Job Description, Becoming a SAP Analyst: Salary Information & Job Description, Loan Portfolio Analyst Careers: Salary Information & Job Description, Systems Analyst Careers: Salary Information & Job Description, Becoming a Software Analyst: Salary Information & Job Description, Respiratory Technician Careers: Job Description & Salary Info, Fashion Marketing Careers: Salary Info & Job Description, Bulldozer Mechanic Careers: Job Description & Salary Information, Chemical Engineer Careers: Job Description & Salary Info, Online Religious Studies Courses Offered Free by Top Colleges, Universities and Educators, Study Genetics: Majors, Master's Degrees & Online Course Info, Becoming a Cake Artist: Job Description & Salary Information, Medical Office Receptionist Careers: Job Description & Salary Info, Becoming a Biochemist: Salary Information & Job Description, Cardiac Catheterization Assistant Careers: Salary & Job Description, Solid job growth (projected increase of 10% between 2012 and 2022)*, Pay is higher than the median salary of jobs that require a bachelor's degree (approximately $67,000 for credit analysts)*, Variety of work activities (preparing reports, analyzing data to determine risks, talking with customers and other business professionals)**, Can choose to work in multiple industries (credit intermediation, auto dealers, securities and commodities)*, May have to deal with angry customers and send accounts to collection agencies**, May have to work more than 40 hours in a week***, Must make accurate assessments to ensure that lending risks aren't too high**, A lot of time is spent sitting and working at a computer, which can lead to back strains, wrist injuries and eye strains**. 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