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Career and Education Opportunities for Credit Analysts in Tucson, Arizona

Credit analysts can find both educational opportunities and jobs in the Tucson, Arizona area. Currently, 3,920 people work as credit analysts in Arizona. This is expected to grow 13% to about 4,410 people by 2016. This is not quite as good as the nation as a whole, where employment opportunities for credit analysts are expected to grow by about 15.0%. Credit analysts generally analyze current credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money.

A person working as a credit analyst can expect to earn about $18 per hour or $39,190 annually on average in Arizona and about $26 per hour or $55,250 per year on average in the U.S. as a whole. Compared with people working in the overall category of Accounting and Auditing, people working as credit analysts in Arizona earn less. They earn less than people working in the overall category of Accounting and Auditing nationally. Credit analysts work in a variety of jobs, including: credit specialist, escrow representative, and credit and collections analyst.

The Tucson area is home to twenty-one schools of higher education, including five within twenty-five miles of Tucson where you can get a degree as a credit analyst. The most common level of education for credit analysts is a Bachelor's degree. You can expect to spend about four years studying to be a credit analyst if you already have a high school diploma.

CAREER DESCRIPTION: Credit Analyst

Credit Analyst video from the State of New Jersey Dept. of Labor and Workforce Development

In general, credit analysts analyze current credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. They also prepare reports with this credit information for use in decision-making.

Credit analysts analyze credit data and financial statements to establish the degree of risk involved in extending credit or lending money. They also compare liquidity and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations. Finally, credit analysts talk with credit associations and other business representatives to exchange credit data.

Every day, credit analysts are expected to be able to think through problems and come up with general rules. They need to articulate ideas and problems. It is also important that they deal with basic arithmetic problems.

It is important for credit analysts to generate financial ratios, using computer programs, to review customers' financial status. They are often called upon to confer with customers to deal with complaints and verify financial and credit transactions. They also ready reports that include the degree of risk involved in extending credit or lending money. They are sometimes expected to inspect individual or commercial customer files to pinpoint and decide on delinquent accounts for collection. Somewhat less frequently, credit analysts are also expected to analyze financial data such as income growth, quality of management, and market share to establish expected profitability of loans.

They also have to be able to analyze financial data such as income growth, quality of management, and market share to establish expected profitability of loans and evaluate customer records and recommend payment plans on the basis of earnings and purchase activity. And finally, they sometimes have to analyze credit data and financial statements to establish the degree of risk involved in extending credit or lending money.

Like many other jobs, credit analysts must have exceptional integrity and be thorough and dependable.

Similar jobs with educational opportunities in Tucson include:

  • Accountant. Analyze financial information and prepare financial reports to determine or maintain records of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.
  • Auditor. Examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.
  • Budget Analyst. Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports for the purpose of maintaining expenditure controls.
  • Cost Analyst. Prepare cost estimates for product manufacturing, construction projects, or services to aid management in bidding on or determining price of product or service. May specialize according to particular service performed or type of product manufactured.
  • Financial Analyst. Conduct quantitative analyses of information affecting investment programs of public or private institutions.
  • Financial Examiner. Enforce or ensure compliance with laws and regulations governing financial and securities institutions and financial and real estate transactions. May examine, verify correctness of, or establish authenticity of records.
  • Income Tax Advisor. Prepare tax returns for individuals or small businesses but do not have the background or responsibilities of an accredited or certified public accountant.
  • Loan Officer. Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and methods of payments. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.
  • Personal Financial Planner. Advise clients on financial plans utilizing knowledge of tax and investment strategies, securities, and real estate. Duties include assessing clients' assets, liabilities, and financial objectives to establish investment strategies.
  • Tax Examiner. Determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.

EDUCATIONAL OPPORTUNITIES: Credit Analyst Training

University of Arizona - Tucson, AZ

University of Arizona, 1401 E University, Tucson, AZ 85721-0066. University of Arizona is a large university located in Tucson, Arizona. It is a public school with primarily 4-year or above programs. It has 38,057 students and an admission rate of 81%. University of Arizona has 2 areas of study related to Credit Analyst. They are:

  • Accounting, bachelor's degree and master's degree which graduated zero and thirty-two students respectively in 2008.
  • Finance, bachelor's degree and master's degree which graduated eleven and zero students respectively in 2008.

Brown Mackie College-Tucson - Tucson, AZ

Brown Mackie College-Tucson, 4585 E Speedway Blvd., Tucson, AZ 85712. Brown Mackie College-Tucson is a small college located in Tucson, Arizona. It is a private for-profit school with primarily 4-year or above programs and has 365 students. Brown Mackie College-Tucson has less than one year, one to two year, associate's degree, bachelor's degree, and postbaccalaureate certificate programs in Accounting which graduated five, zero, two, sixteen, and one students respectively in 2008.

Pima Community College - Tucson, AZ

Pima Community College, 401 North Bonita Avenue, Tucson, AZ 85709-5000. Pima Community College is a large college located in Tucson, Arizona. It is a public school with primarily 2-year programs and has 30,529 students. Pima Community College has less than one year, one to two year, and associate's degree programs in Accounting which graduated nine, six, and twenty-one students respectively in 2008.

University of Phoenix-Southern Arizona Campus - Tucson, AZ

University of Phoenix-Southern Arizona Campus, 300 S. Craycroft Road, Tucson, AZ 85711-4574. University of Phoenix-Southern Arizona Campus is a small university located in Tucson, Arizona. It is a private for-profit school with primarily 4-year or above programs and has 1,911 students. University of Phoenix-Southern Arizona Campus has a bachelor's degree program in Accounting which graduated twenty-nine students in 2008.

IIA College - Tucson, AZ

IIA College, 5441 E. 22nd St. Ste. 125, Tucson, AZ 85711-5444. IIA College is a small college located in Tucson, Arizona. It is a private for-profit school with primarily 4-year or above programs and has 405 students. IIA College has an associate's degree program in Accounting which graduated three students in 2008.

LOCATION INFORMATION: Tucson, Arizona

Tucson, Arizona
Tucson, Arizona photo by Howcheng

Tucson is situated in Pima County, Arizona. It has a population of over 541,811, which has grown by 11.3% in the past ten years. The cost of living index in Tucson, 88, is well below the national average. New single-family homes in Tucson are priced at $179,100 on average, which is well below the state average. In 2008, five hundred sixty-five new homes were built in Tucson, down from 1,131 the previous year.

The three big industries for women in Tucson are health care, educational services, and accommodation and food services. For men, it is construction, accommodation and food services, and educational services. The average commute to work is about 22 minutes. More than 22.9% of Tucson residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 9.0%, is higher than the state average.

The unemployment rate in Tucson is 9.2%, which is less than Arizona's average of 9.3%.

The percentage of Tucson residents that are affiliated with a religious congregation, 44.9%, is less than the national average but more than the state average. The largest religious groups are the Catholic Church, the Southern Baptist Convention and the LDS (Mormon) Church.

Tucson is home to the Arizona Correctional Training Facility and the Silverbell Golf Course as well as Vista del Pueblo Park and Verde Meadows Park. Shopping centers in the area include Gaslight Square Shopping Center, Grant Park Shopping Center and Grant Plaza South Shopping Center. Visitors to Tucson can choose from LA Quinta, Casa Tierra Adobe B & B Inn and Best Western Executive Inn for temporary stays in the area.