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Career and Education Opportunities for Credit Analysts in Aurora, Colorado

Credit analysts can find many career and educational opportunities in the Aurora, Colorado area. Currently, 1,230 people work as credit analysts in Colorado. This is expected to grow 5% to about 1,290 people by 2016. This is not quite as good as the national trend for credit analysts, which 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.

Income for credit analysts is about $32 hourly or $68,430 per year on average in Colorado. Nationally, their income is about $26 hourly or $55,250 per year. Earnings for credit analysts are better than earnings in the general category of Accounting and Auditing in Colorado and not quite as good as general Accounting and Auditing category earnings nationally. People working as credit analysts can fill a number of jobs, such as: loan officer, credit manager, and risk analyst.

The Aurora area is home to sixty-two schools of higher education, including twelve within twenty-five miles of Aurora 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 training to become 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 Aurora 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.
  • Assessor. Appraise real and personal property to determine its fair value. May assess taxes in accordance with prescribed schedules.
  • 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 Counselor. Provide guidance to prospective loan applicants who have problems qualifying for traditional loans. Guidance may include determining the best type of loan and explaining loan requirements or restrictions.
  • 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.
  • Real Estate Appraiser. Appraise real property to determine its value for purchase, sales, or loan purposes.
  • 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 Colorado Denver - Denver, CO

University of Colorado Denver, , Denver, CO 80217-3364. University of Colorado Denver is a large university located in Denver, Colorado. It is a public school with primarily 4-year or above programs. It has 17,510 students and an admission rate of 68%. University of Colorado Denver has 2 areas of study related to Credit Analyst. They are:

  • Accounting, master's degree which graduated 33 students in 2008.
  • Finance, master's degree which graduated 50 students in 2008.

University of Phoenix-Denver Campus - Lone Tree, CO

University of Phoenix-Denver Campus, 10004 Park Meadows Drive, Lone Tree, CO 80124-5453. University of Phoenix-Denver Campus is a small university located in Lone Tree, Colorado. It is a private for-profit school with primarily 4-year or above programs and has 1,957 students. University of Phoenix-Denver Campus has a bachelor's degree program in Accounting which graduated thirty-six students in 2008.

Colorado Technical University - Greenwood Village, CO

Colorado Technical University, 5775 Denver Tech Ctr Blvd, Greenwood Village, CO 80111-3201. Colorado Technical University is a small university located in Greenwood Village, Colorado. It is a private for-profit school with primarily 4-year or above programs and has 1,010 students. Colorado Technical University has associate's degree, bachelor's degree, and master's degree programs in Accounting which graduated one, four, and ten students respectively in 2008.

Everest College-Thornton - Thornton, CO

Everest College-Thornton, 9065 Grant St, Thornton, CO 80229. Everest College-Thornton is a small college located in Thornton, Colorado. It is a private for-profit school with primarily 2-year programs. It has 714 students and an admission rate of 30%. Everest College-Thornton has an associate's degree program in Accounting.

Colorado Christian University - Lakewood, CO

Colorado Christian University, 8787 West Alameda Avenue, Lakewood, CO 80226. Colorado Christian University is a small university located in Lakewood, Colorado. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,583 students and an admission rate of 32%. Colorado Christian University has a less than one year and a bachelor's degree program in Accounting which graduated zero and one students respectively in 2008.

Regis University - Denver, CO

Regis University, 3333 Regis Blvd, Denver, CO 80221-1099. Regis University is a large university located in Denver, Colorado. It is a private not-for-profit school with primarily 4-year or above programs. It has 11,238 students and an admission rate of 44%. Regis University has 2 areas of study related to Credit Analyst. They are:

  • Accounting, bachelor's degree which graduated 1 student in 2008.
  • Finance, bachelor's degree which graduated 12 students in 2008.

Metropolitan State College of Denver - Denver, CO

Metropolitan State College of Denver, Speer Blvd and Colfax Ave, Denver, CO 80217-3362. Metropolitan State College of Denver is a large college located in Denver, Colorado. It is a public school with primarily 4-year or above programs. It has 21,715 students and an admission rate of 78%. Metropolitan State College of Denver has 2 areas of study related to Credit Analyst. They are:

  • Accounting, bachelor's degree which graduated 113 students in 2008.
  • Finance, bachelor's degree which graduated 82 students in 2008.

Johnson & Wales University-Denver - Denver, CO

Johnson & Wales University-Denver, 7150 Montview Blvd, Denver, CO 80220. Johnson & Wales University-Denver is a small university located in Denver, Colorado. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,454 students and an admission rate of 76%. Johnson & Wales University-Denver has 2 areas of study related to Credit Analyst. They are:

  • Accounting, associate's degree and bachelor's degree which graduated eight and nine students respectively in 2008.
  • Finance, bachelor's degree which graduated 8 students in 2008.

National American University-Denver - Denver, CO

National American University-Denver, 1325 S. Colorado Boulevard, Suite 100, Denver, CO 80222-3308. National American University-Denver is a small university located in Denver, Colorado. It is a private for-profit school with primarily 4-year or above programs and has 268 students. National American University-Denver has an associate's degree and a bachelor's degree program in Accounting which graduated two and zero students respectively in 2008.

University of Denver - Denver, CO

University of Denver, 2199 S. University Blvd, Denver, CO 80208. University of Denver is a large university located in Denver, Colorado. It is a private not-for-profit school with primarily 4-year or above programs. It has 11,409 students and an admission rate of 64%. University of Denver has 2 areas of study related to Credit Analyst. They are:

  • Accounting, bachelor's degree and master's degree which graduated thirty-five and thirty-six students respectively in 2008.
  • Finance, bachelor's degree and master's degree which graduated sixty-five and 107 students respectively in 2008.

College America-Denver - Denver, CO

College America-Denver, 1385 S Colorado Blvd., 5th Floor, Denver, CO 80222. College America-Denver is a small college located in Denver, Colorado. It is a private for-profit school with primarily 4-year or above programs and has 400 students. College America-Denver has a bachelor's degree program in Accounting which graduated three students in 2008.

Argosy University-Denver - Denver, CO

Argosy University-Denver, 1200 Lincoln St., Denver, CO 80203. Argosy University-Denver is a small university located in Denver, Colorado. It is a private for-profit school with primarily 4-year or above programs. It has 259 students and an admission rate of 56%. Argosy University-Denver has an associate's degree program in Accounting which graduated three students in 2008.

LOCATION INFORMATION: Aurora, Colorado

Aurora, Colorado
Aurora, Colorado photo by Tom

Aurora is located in Adams County, Colorado. It has a population of over 319,057, which has grown by 15.4% in the past ten years. The cost of living index in Aurora, 97, is near the national average. New single-family homes in Aurora are priced at $238,200 on average, which is above the state average. In 2008, five hundred ten new homes were built in Aurora, down from 1,202 the previous year.

The three big industries for women in Aurora are health care, finance and insurance, and educational services. For men, it is construction, accommodation and food services, and professional, scientific, and technical services. The average commute to work is about 27 minutes. More than 24.6% of Aurora residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 6.6%, is lower than the state average.

The unemployment rate in Aurora is 8.2%, which is greater than Colorado's average of 6.6%.

The percentage of Aurora residents that are affiliated with a religious congregation, 30.4%, is less than both the national and state average. The most common religious groups are the Catholic Church, the LDS (Mormon) Church and the Lutheran Church.

Aurora is home to the Victory Grange and the Magee as well as Montview Park and Del Mar Park. Visitors to Aurora can choose from Corporate Housing Solutions, Comfort Inn-Airport and Denver Airport Marriott at Gateway Park for temporary stays in the area.