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 Coral Springs, Florida

Many educational and employment opportunities exist for credit analysts in the Coral Springs, Florida area. Currently, 3,000 people work as credit analysts in Florida. This is expected to grow by 16% to 3,470 people by 2016. This is better than the nation as a whole, where employment opportunities for credit analysts are expected to grow by about 15.0%. 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 $25 per hour or $52,960 yearly on average in Florida. Nationally they average about $26 per hour or $55,250 yearly. 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 administrator, credit and collections analyst, and factorer.

There are fifty schools of higher education in the Coral Springs area, including eleven within twenty-five miles of Coral Springs 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 Coral Springs 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 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 Phoenix-South Florida Campus - Plantation, FL

University of Phoenix-South Florida Campus, 600 N. Pine Island Road Suite 500, Plantation, FL 33324-1393. University of Phoenix-South Florida Campus is a small university located in Plantation, Florida. It is a private for-profit school with primarily 4-year or above programs and has 1,937 students. University of Phoenix-South Florida Campus has a bachelor's degree program in Accounting which graduated twenty-two students in 2008.

City College - Fort Lauderdale, FL

City College, 2000 W. Commerical Boulevard, Fort Lauderdale, FL 33309. City College is a small college located in Fort Lauderdale, Florida. It is a private not-for-profit school with primarily 4-year or above programs. It has 441 students and an admission rate of 74%. City College has an associate's degree and a bachelor's degree program in Accounting which graduated five and four students respectively in 2008.

Everest University-Pompano Beach - Pompano Beach, FL

Everest University-Pompano Beach, 225 N. Federal Hwy., Pompano Beach, FL 33062. Everest University-Pompano Beach is a small university located in Pompano Beach, Florida. It is a private for-profit school with primarily 4-year or above programs. It has 614 students and an admission rate of 68%. Everest University-Pompano Beach has an associate's degree and a bachelor's degree program in Accounting which graduated eleven and seven students respectively in 2008.

Johnson & Wales University-Florida Campus - North Miami, FL

Johnson & Wales University-Florida Campus, 1701 NE 127th St, North Miami, FL 33181. Johnson & Wales University-Florida Campus is a small university located in North Miami, Florida. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,918 students and an admission rate of 63%. Johnson & Wales University-Florida Campus has an associate's degree and a bachelor's degree program in Accounting which graduated six and thirteen students respectively in 2008.

Keiser University-Ft. Lauderdale - Fort Lauderdale, FL

Keiser University-Ft. Lauderdale, 1500 NW 49th St., Fort Lauderdale, FL 33309. Keiser University-Ft. Lauderdale is a large university located in Fort Lauderdale, Florida. It is a private for-profit school with primarily 4-year or above programs. It has 11,305 students and an admission rate of 41%. Keiser University-Ft. Lauderdale has an associate's degree and a bachelor's degree program in Accounting which graduated sixty-two and five students respectively in 2008.

Nova Southeastern University - Fort Lauderdale, FL

Nova Southeastern University, 3301 College Ave, Fort Lauderdale, FL 33314-7796. Nova Southeastern University is a large university located in Fort Lauderdale, Florida. It is a private not-for-profit school with primarily 4-year or above programs. It has 27,518 students and an admission rate of 45%. Nova Southeastern University has 2 areas of study related to Credit Analyst. They are:

  • Accounting, bachelor's degree and master's degree which graduated twenty-eight and seventy-three students respectively in 2008.
  • Finance, bachelor's degree which graduated 21 students in 2008.

Atlantic Technical Center - Coconut Creek, FL

Atlantic Technical Center, 4700 Coconut Creek Pky, Coconut Creek, FL 33063-3902. Atlantic Technical Center is a small school located in Coconut Creek, Florida. It is a public school with primarily 2-year programs and has 1,091 students. Atlantic Technical Center has a less than one year program in Accounting which graduated twenty-eight students in 2008.

Barry University - Miami, FL

Barry University, 11300 NE 2nd Ave, Miami, FL 33161-6695. Barry University is a medium sized university located in Miami, Florida. It is a private not-for-profit school with primarily 4-year or above programs. It has 8,364 students and an admission rate of 60%. Barry University has 2 areas of study related to Credit Analyst. They are:

  • Accounting, bachelor's degree and master's degree which graduated eleven and six students respectively in 2008.
  • Finance, bachelor's degree which graduated 10 students in 2008.

Saint Thomas University - Miami Gardens, FL

Saint Thomas University, 16401 NW 37th Ave, Miami Gardens, FL 33054-6459. Saint Thomas University is a small university located in Miami Gardens, Florida. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,381 students and an admission rate of 65%. Saint Thomas University has 2 areas of study related to Credit Analyst. They are:

  • Accounting, bachelor's degree, postbaccalaureate certificate, and master's degree which graduated zero, five, and eight students respectively in 2008.
  • Finance, bachelor's degree which graduated 1 student in 2008.

Florida Memorial University - Miami Gardens, FL

Florida Memorial University, 15800 NW 42 Ave, Miami Gardens, FL 33054-6199. Florida Memorial University is a small university located in Miami Gardens, Florida. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,813 students and an admission rate of 40%. Florida Memorial University has a bachelor's degree program in Accounting which graduated seven students in 2008.

Florida Atlantic University - Boca Raton, FL

Florida Atlantic University, 777 Glades Rd, Boca Raton, FL 33431-0991. Florida Atlantic University is a large university located in Boca Raton, Florida. It is a public school with primarily 4-year or above programs. It has 26,857 students and an admission rate of 49%. Florida Atlantic University has 2 areas of study related to Credit Analyst. They are:

  • Accounting, bachelor's degree and master's degree which graduated three and one students respectively in 2008.
  • Finance, bachelor's degree and master's degree which graduated twenty-one and four students respectively in 2008.

LOCATION INFORMATION: Coral Springs, Florida

Coral Springs, Florida
Coral Springs, Florida photo by Legionarius

Coral Springs is located in Broward County, Florida. It has a population of over 125,783, which has grown by 7.0% over the last ten years. The cost of living index in Coral Springs, 115, is well above the national average. New single-family homes in Coral Springs are valued at $140,000 on average, which is far less than the state average. In 2008, two new homes were constructed in Coral Springs, down from thirteen the previous year.

The three most popular industries for women in Coral Springs are health care, educational services, and finance and insurance. For men, it is construction, professional, scientific, and technical services, and finance and insurance. The average travel time to work is about 28 minutes. More than 33.9% of Coral Springs residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 11.6%, is higher than the state average.

The unemployment rate in Coral Springs is 8.8%, which is less than Florida's average of 11.3%.

The percentage of Coral Springs residents that are affiliated with a religious congregation, 45.9%, is less than the national average but more than the state average. Coral Baptist Church Mission, Coral Springs Community Church and Royal Palm Christian Church are among the churches located in Coral Springs. The most prominent religious groups are the Catholic Church, the Southern Baptist Convention and the United Methodist Church.

Coral Springs is home to the The Plaza at Coral Springs and the Ramblewood Plaza. Shopping centers in the area include Coral Springs Mall, Coral Square Mall and Village Green Shopping Center.