Popular Careers

Career Development

Career development resources for aspiring professionals.

Career Change Center

Career change guides, tutorials and resources for professionals in transition.

Job Search Resources

Job search resources, websites, guides and directories for job seekers.


Career and Education Opportunities for Credit Analysts in Hartford, Connecticut

Many educational and employment opportunities exist for credit analysts in the Hartford, Connecticut area. There are currently 1,130 jobs for credit analysts in Connecticut and this is projected to shrink by 3% to 1,100 jobs 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 $29 hourly or $60,910 annually on average in Connecticut. Nationally, their income is about $26 hourly or $55,250 per year. Incomes for credit analysts are not quite as good as in the overall category of Accounting and Auditing in Connecticut, and not quite as good as the overall Accounting and Auditing category nationally. People working as credit analysts can fill a number of jobs, such as: credit manager, credit negotiator, and financial analyst.

There are sixty-two schools of higher education in the Hartford area, including eleven within twenty-five miles of Hartford where you can get a degree to start your career as a credit analyst. Given that the most common education level 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 Hartford 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.
  • Insurance Underwriter. Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.
  • 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

Springfield Technical Community College - Springfield, MA

Springfield Technical Community College, 1 Armory Sq, Springfield, MA 01105-1296. Springfield Technical Community College is a medium sized college located in Springfield, Massachusetts. It is a public school with primarily 2-year programs and has 6,331 students. Springfield Technical Community College has 2 areas of study related to Credit Analyst. They are:

  • Accounting, associate's degree which graduated 21 students in 2008.
  • Finance, associate's degree which graduated 3 students in 2008.

College of Our Lady of the Elms - Chicopee, MA

College of Our Lady of the Elms, 291 Springfield St, Chicopee, MA 01013. College of Our Lady of the Elms is a small college located in Chicopee, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,219 students and an admission rate of 82%. College of Our Lady of the Elms has a bachelor's degree program in Accounting which graduated three students in 2008.

Central Connecticut State University - New Britain, CT

Central Connecticut State University, 1615 Stanley St, New Britain, CT 06050. Central Connecticut State University is a large university located in New Britain, Connecticut. It is a public school with primarily 4-year or above programs. It has 12,233 students and an admission rate of 60%. Central Connecticut State University has 2 areas of study related to Credit Analyst. They are:

  • Accounting, bachelor's degree which graduated 92 students in 2008.
  • Finance, bachelor's degree which graduated 85 students in 2008.

Westfield State College - Westfield, MA

Westfield State College, 577 Western Ave, Westfield, MA 01086-1630. Westfield State College is a medium sized college located in Westfield, Massachusetts. It is a public school with primarily 4-year or above programs. It has 5,562 students and an admission rate of 62%. Westfield State College has a master's degree program in Accounting.

Saint Joseph College - West Hartford, CT

Saint Joseph College, 1678 Asylum Avenue, West Hartford, CT 06117-2764. Saint Joseph College is a small college located in West Hartford, Connecticut. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,926 students and an admission rate of 82%. Saint Joseph College has a bachelor's degree program in Accounting.

Goodwin College - East Hartford, CT

Goodwin College, 745 Burnside Ave, East Hartford, CT 06108. Goodwin College is a small college located in East Hartford, Connecticut. It is a private not-for-profit school with primarily 2-year programs and has 1,589 students. Goodwin College has a one to two year program in Accounting.

Quinnipiac University - Hamden, CT

Quinnipiac University, Mt Carmel Ave, Hamden, CT 06518. Quinnipiac University is a medium sized university located in Hamden, Connecticut. It is a private not-for-profit school with primarily 4-year or above programs. It has 7,413 students and an admission rate of 45%. Quinnipiac University has 2 areas of study related to Credit Analyst. They are:

  • Accounting, bachelor's degree, postbaccalaureate certificate, and master's degree which graduated one, zero, and ten students respectively in 2008.
  • Finance, bachelor's degree which graduated 3 students in 2008.

University of Hartford - West Hartford, CT

University of Hartford, 200 Bloomfield Ave, West Hartford, CT 06117-1599. University of Hartford is a medium sized university located in West Hartford, Connecticut. It is a private not-for-profit school with primarily 4-year or above programs. It has 7,366 students and an admission rate of 60%. University of Hartford has 2 areas of study related to Credit Analyst. They are:

  • Accounting, bachelor's degree and master's degree which graduated one and thirty-nine students respectively in 2008.
  • Finance, bachelor's degree which graduated 5 students in 2008.

University of Connecticut - Storrs, CT

University of Connecticut, , Storrs, CT 06269. University of Connecticut is a large university located in Storrs, Connecticut. It is a public school with primarily 4-year or above programs. It has 24,273 students and an admission rate of 54%. University of Connecticut has 2 areas of study related to Credit Analyst. They are:

  • Accounting, bachelor's degree and master's degree which graduated 161 and 101 students respectively in 2008.
  • Finance, bachelor's degree which graduated 159 students in 2008.

Western New England College - Springfield, MA

Western New England College, 1215 Wilbraham Rd, Springfield, MA 01119-2684. Western New England College is a small college located in Springfield, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,215 students and an admission rate of 73%. Western New England College has 2 areas of study related to Credit Analyst. They are:

  • Accounting, bachelor's degree and master's degree which graduated thirty-eight and nine students respectively in 2008.
  • Finance, bachelor's degree and master's degree which graduated thirty-one and one students respectively in 2008.

American International College - Springfield, MA

American International College, 1000 State Street, Springfield, MA 01109. American International College is a small college located in Springfield, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,167 students and an admission rate of 78%. American International College has 2 areas of study related to Credit Analyst. They are:

  • Accounting, bachelor's degree and master's degree which graduated sixteen and zero students respectively in 2008.
  • Finance, bachelor's degree and master's degree.

LOCATION INFORMATION: Hartford, Connecticut

Hartford, Connecticut
Hartford, Connecticut photo by Contimm

Hartford is situated in Hartford County, Connecticut. It has a population of over 124,062, which has grown by 2.0% in the past ten years. The cost of living index in Hartford, 104, is above the national average. New single-family homes in Hartford cost $82,500 on average, which is far less than the state average. In 2008, eight new homes were constructed in Hartford, down from twelve the previous year.

The three big industries for women in Hartford are health care, finance and insurance, and educational services. For men, it is administrative and support and waste management services, construction, and accommodation and food services. The average commute to work is about 24 minutes. More than 12.4% of Hartford residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 5.2%, is lower than the state average.

The unemployment rate in Hartford is 14.4%, which is greater than Connecticut's average of 8.3%.

The percentage of Hartford residents that are affiliated with a religious congregation, 57.4%, is more than both the national and state average. Our Lady of Sorrows Church, All Saints Orthodox Church and Sacred Heart Church are all churches located in Hartford. The largest religious groups are the Catholic Church, the United Church of Christ and the Episcopal Church.

Hartford is home to the Albany Avenue Branch Hartford Public Library and the North Meadows Industrial Park as well as Little Hollywood Historic District and West End North Historic District. Shopping malls in the area include Park Plaza Shopping Center, Pavillion at State House Shopping Center and Civic Center Mall Shopping Center.