Analyzing A Career In Credit Analysis

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Analyzing A Career In Credit Analysis
Depending on the level of the job, a company might require a credit analyst to have a Chartered Financial Analyst (CFA) designation.
Some other skills that a credit analyst must possess include the following:
One major advantage to being a credit analyst is that you are not limited to a particular type of company.
The minimum educational requirement for the position of credit analyst is a bachelor’s degree in finance, accounting or another related field.
A bachelor’s degree in finance or accounting exposes you to subjects like basic accounting
and finance, statistics, ratio analysis, calculus, economics, industry assessment and financial statement analysis.
A credit analyst is responsible for gathering and analyzing financial data about clients, including
paying habits or history, earnings and savings information, and purchase activities.
A credit analyst can work for any company that offers financing for its products and services.
This means that a credit analyst can work with an automobile manufacturer, retail store, utility or even an energy company.
As a credit analyst, the decisions you make can determine the interest rate at which an individual or a company
borrows, or whether the client gets a loan or a credit line and what amount he or she will receive.
While it sounds like a lucrative and easy job to do, being a credit analyst is also a stressful job.
Depending on the area in which a credit analyst chooses to work, these applicants could be individuals or companies.

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