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Career and Education Opportunities for Credit Analysts in Cape Coral, Florida

For those living in the Cape Coral, Florida area, there are many career and education opportunities for credit analysts. Currently, 3,000 people work as credit analysts in Florida. This is expected to grow 16% to about 3,470 people by 2016. This is better than the national trend for credit analysts, which sees this job pool growing by about 15.0% over the next eight years. 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 $25 hourly or $52,960 yearly on average in Florida and about $26 hourly or $55,250 annually 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 Florida earn more. They earn less than people working in the overall category of Accounting and Auditing nationally. Jobs in this field include: credit negotiator, financing analyst, and loan officer.

There are six schools within twenty-five miles of Cape Coral where you can study to be a credit analyst, among eleven schools of higher education total in the Cape Coral area. The most common level of education for credit analysts is a Bachelor's degree. It will take about four years to learn 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 Cape Coral 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 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.
  • Tax Examiner. Determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.

EDUCATIONAL OPPORTUNITIES: Credit Analyst Training

Lee County High Tech Center Central - Fort Myers, FL

Lee County High Tech Center Central, 3800 Michigan Ave, Fort Myers, FL 33916-2204. Lee County High Tech Center Central is a small school located in Fort Myers, Florida. It is a public school with primarily 2-year programs and has 657 students. Lee County High Tech Center Central has a one to two year program in Accounting which graduated fourteen students in 2008.

Lee County High Tech Center North - Cape Coral, FL

Lee County High Tech Center North, 360 Santa Barbara Blvd North, Cape Coral, FL 33993-2479. Lee County High Tech Center North is a small school located in Cape Coral, Florida. It is a public school with primarily 2-year programs and has 250 students. Lee County High Tech Center North has a one to two year program in Accounting which graduated two students in 2008.

Rasmussen College-Fort Myers - Fort Myers, FL

Rasmussen College-Fort Myers, 9160 Forum Corporate Parkway, Suite 100, Fort Myers, FL 33905-7805. Rasmussen College-Fort Myers is a small college located in Fort Myers, Florida. It is a private for-profit school with primarily 4-year or above programs and has 127 students. Rasmussen College-Fort Myers has an associate's degree and a bachelor's degree program in Accounting.

Hodges University - Naples, FL

Hodges University, 2655 Northbrooke Drive, Naples, FL 34119-7932. Hodges University is a small university located in Naples, Florida. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,922 students and an admission rate of 72%. Hodges University has an associate's degree and a bachelor's degree program in Accounting which graduated eleven and twenty-three students respectively in 2008.

Charlotte Technical Center - Port Charlotte, FL

Charlotte Technical Center, 18150 Murdock Circle, Port Charlotte, FL 33948-3399. Charlotte Technical Center is a small school located in Port Charlotte, Florida. It is a public school with primarily 2-year programs and has 358 students. Charlotte Technical Center has a one to two year program in Accounting which graduated eight students in 2008.

Florida Gulf Coast University - Fort Myers, FL

Florida Gulf Coast University, 10501 Fgcu Blvd S, Fort Myers, FL 33965-6565. Florida Gulf Coast University is a large university located in Fort Myers, Florida. It is a public school with primarily 4-year or above programs. It has 10,217 students and an admission rate of 65%. Florida Gulf Coast University has 2 areas of study related to Credit Analyst. They are:

  • Accounting, bachelor's degree and master's degree which graduated forty-five and sixteen students respectively in 2008.
  • Finance, bachelor's degree which graduated 47 students in 2008.

LOCATION INFORMATION: Cape Coral, Florida

Cape Coral, Florida
Cape Coral, Florida photo by Boticario

Cape Coral is situated in Lee County, Florida. It has a population of over 156,835, which has grown by 53.3% over the last ten years. The cost of living index in Cape Coral, 88, is well below the national average. New single-family homes in Cape Coral are valued at $121,700 on average, which is far less than the state average. In 2008, two hundred one new homes were constructed in Cape Coral, down from seven hundred sixty-seven the previous year.

The three big industries for women in Cape Coral are health care, educational services, and accommodation and food services. For men, it is construction, accommodation and food services, and administrative and support and waste management services. The average travel time to work is about 25 minutes. More than 17.5% of Cape Coral residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 5.7%, is lower than the state average.

The unemployment rate in Cape Coral is 13.0%, which is greater than Florida's average of 11.3%.

The percentage of Cape Coral residents that are affiliated with a religious congregation, 38.2%, is less than both the national and state average. Coral Ridge Baptist Church of Cape Coral, Jehovahs Witnesses Cape Coral Congregation and Cape Coral Alliance Church are some of the churches located in Cape Coral. The largest religious groups are the Catholic Church, the Southern Baptist Convention and the Assemblies of God.

Cape Coral is home to the Old Bridge Square and the Pine Island Plaza. Shopping centers in the area include Northshore Shopping Center, Coral Gate Shopping Center and Coral Pointe Shopping Center. Visitors to Cape Coral can choose from Casa Loma Motel On the Waterfront, Cape Coral Accommodations and Banyan Trace Community for temporary stays in the area.