Credit Analysts in Arizona
Thinking about a career as a Credit Analysts in Arizona? Here’s what you need to know. 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 Arizona?
For credit analysts working in Arizona, wages run about $74,580 per year (or roughly $35.85/hour).Pay can range from $52,030 at the 10th percentile to $122,520 at the 90th percentile.
| Wage Statistic | Annual | Hourly |
|---|---|---|
| 10th percentile | $52,030 | $25.01 |
| 25th percentile | $61,190 | $29.42 |
| Median (50th) | $74,580 | $35.85 |
| 75th percentile | $86,130 | $41.41 |
| 90th percentile | $122,520 | $58.91 |
The location quotient — a measure of how concentrated this occupation is in Arizona relative to the national average — is 1.74, indicating that credit analysts are more concentrated here than the national average.
National Wage Comparison
Nationally, credit analysts earn a median of $66,233 per year ($31.84/hour), higher than the Arizona median.
Employment Outlook
There are roughly 285,612 credit analysts in the U.S.. In Arizona alone, approximately 2,430 people work in this role. That’s more than the typical state, which employs around 660 credit analysts.
Top Arizona Metros for Credit Analysts
These are the Arizona metros with the most credit analysts in Arizona.
| Metro Area | Number Employed | Annual Median Salary |
|---|---|---|
| Phoenix-Mesa-Chandler, AZ | 2,200 | $74,730 |
Top States for Credit Analysts Employment
The table below shows the states where the most 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
These states pay the most 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
Common tasks include:
- 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
Technologies frequently used: Hot technologies: Microsoft Excel, Microsoft Office software In-demand technologies: Microsoft Excel
What Major Will Prepare You For This Career?
Related college programs include:
- Accounting
- Finance & Financial Management
Featured schools near , edit
Related Careers
Other careers like 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
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