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Career and Education Opportunities for Credit Analysts in Arkansas

Arkansas has a population of 2,889,450, which has grown by 8.08% over the past decade. Nicknamed the "Natural State," Arkansas's capital and largest city is Little Rock.

The national trend for credit analysts sees this job pool growing by about 15.0% over the next eight years. 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.

Credit analysts earn approximately $23 per hour or $49,290 yearly on average in Arkansas. Nationally they average about $26 hourly or $55,250 annually. Earnings for credit analysts are better than earnings in the general category of Accounting and Auditing in Arkansas and not quite as good as general Accounting and Auditing category earnings nationally. Credit analysts work in a variety of jobs, including: credit risk analyst, financial analyst, and credit negotiator.

In 2008, there were a total of 1,599,446 jobs in Arkansas. The average annual income was $32,257 in 2008, up from $31,517 the preceding year. The unemployment rate in Arkansas was 7.3% in 2009, which has grown by 2.1% since the previous year. Roughly 16.7% of Arkansas residents have college degrees, which is lower than the national average.

The top industries in Arkansas include poultry processing, hardware, and plumbing equipment merchant wholesalers, and ventilation, heating, air-conditioning, and commercial refrigeration equipment manufacturing. Notable tourist destinations include the William J Clinton Presidential Center and Park, the Little Rock City, and the Museum of Discovery.

CITIES WITH Credit Analyst OPPORTUNITIES IN Arkansas


JOB 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.

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.

Similar jobs with educational opportunities in Arkansas 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.
  • Insurance Underwriter. Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.
  • 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.

LOCATION INFORMATION: Arkansas

Arkansas
Arkansas photo by Vsmith

Arkansas has a population of 2,889,450, which has grown by 8.08% over the past decade. Nicknamed the "Natural State," Arkansas's capital and biggest city is Little Rock. In 2008, there were a total of 1,599,446 jobs in Arkansas. The average annual income was $32,257 in 2008, up from $31,517 the previous year. The unemployment rate in Arkansas was 7.3% in 2009, which has grown by 2.1% since the previous year. Approximately 16.7% of Arkansas residents have college degrees, which is lower than the national average.

The top industries in Arkansas include poultry processing, hardware, and plumbing equipment merchant wholesalers, and ventilation, heating, air-conditioning, and commercial refrigeration equipment manufacturing. Notable tourist destinations include the Museum of Discovery, the Macarthur Museum of Arkansas Military History, and the Quapaw Quarter Association.