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Career and Education Opportunities for Credit Analysts in Orlando, Florida

There is a wide variety of career and education opportunities for credit analysts in the Orlando, Florida area. About 3,000 people are currently employed as credit analysts in Florida. By 2016, this is expected to grow 16% to about 3,470 people employed. 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.

The income of a credit analyst is about $25 per hour or $52,960 annually on average in Florida. In the U.S. as a whole, their income is about $26 per hour or $55,250 annually on average. Incomes for credit analysts are better than in the overall category of Accounting and Auditing in Florida, and not quite as good as the overall Accounting and Auditing category nationally. Credit analysts work in a variety of jobs, including: factorer, credit administrator, and underwriter.

There are fifty schools of higher education in the Orlando area, including eleven within twenty-five miles of Orlando 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, 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 Orlando 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

Everest University-North Orlando - Orlando, FL

Everest University-North Orlando, 5421 Diplomat Circle, Orlando, FL 32810. Everest University-North Orlando is a small university located in Orlando, Florida. It is a private for-profit school with primarily 4-year or above programs. It has 570 students and an admission rate of 74%. Everest University-North Orlando has an associate's degree and a bachelor's degree program in Accounting which graduated nine and eleven students respectively in 2008.

Polk Community College - Winter Haven, FL

Polk Community College, 999 Avenue H NE, Winter Haven, FL 33881-4299. Polk Community College is a medium sized college located in Winter Haven, Florida. It is a public school with primarily 2-year programs and has 8,516 students. Polk Community College has an associate's degree program in Finance which graduated two students in 2008.

Everest University-Melbourne - Melbourne, FL

Everest University-Melbourne, 2401 N Harbor City Blvd, Melbourne, FL 32935. Everest University-Melbourne is a small university located in Melbourne, Florida. It is a private for-profit school with primarily 4-year or above programs. It has 375 students and an admission rate of 8%. Everest University-Melbourne has an associate's degree and a bachelor's degree program in Accounting which graduated fourteen and ten students respectively in 2008.

University of Central Florida - Orlando, FL

University of Central Florida, 4000 Central Florida Blvd, Orlando, FL 32816. University of Central Florida is a large university located in Orlando, Florida. It is a public school with primarily 4-year or above programs. It has 50,181 students and an admission rate of 48%. University of Central Florida has 2 areas of study related to Credit Analyst. They are:

  • Accounting, bachelor's degree and master's degree which graduated seventeen and forty-nine students respectively in 2008.
  • Finance, bachelor's degree which graduated 24 students in 2008.

University of Phoenix-Central Florida Campus - Maitland, FL

University of Phoenix-Central Florida Campus, 2290 Lucien Way, Suite 400, Maitland, FL 32751-7057. University of Phoenix-Central Florida Campus is a small university located in Maitland, Florida. It is a private for-profit school with primarily 4-year or above programs and has 1,380 students. University of Phoenix-Central Florida Campus has 2 areas of study related to Credit Analyst. They are:

  • Accounting, bachelor's degree which graduated 14 students in 2008.
  • Finance, bachelor's degree which graduated 1 student in 2008.

Lake Technical Center - Eustis, FL

Lake Technical Center, 2001 Kurt St, Eustis, FL 32726. Lake Technical Center is a small school located in Eustis, Florida. It is a public school with primarily less-than 2-year programs and has 564 students. Lake Technical Center has a less than one year program in Accounting which graduated five students in 2008.

Everest University-South Orlando - Orlando, FL

Everest University-South Orlando, 9200 Soutpark Center Loop, Orlando, FL 32819. Everest University-South Orlando is a large university located in Orlando, Florida. It is a private for-profit school with primarily 4-year or above programs. It has 907 students and an admission rate of 66%. Everest University-South Orlando has an associate's degree and a bachelor's degree program in Accounting which graduated eighteen and fourteen students respectively in 2008.

City College - Casselberry, FL

City College, 853 E. Highway 436 , Ste. 200, Casselberry, FL 32707. City College is a small college located in Casselberry, Florida. It is a private not-for-profit school with primarily 2-year programs. It has 130 students and an admission rate of 58%. City College has an associate's degree program in Accounting which graduated three students in 2008.

Lake-Sumter Community College - Leesburg, FL

Lake-Sumter Community College, 9501 US Hwy 441, Leesburg, FL 34788-8751. Lake-Sumter Community College is a small college located in Leesburg, Florida. It is a public school with primarily 2-year programs and has 4,112 students. Lake-Sumter Community College has an associate's degree program in Finance.

Florida Institute of Technology - Melbourne, FL

Florida Institute of Technology, 150 West University Boulevard, Melbourne, FL 32901-6975. Florida Institute of Technology is a medium sized school located in Melbourne, Florida. It is a private not-for-profit school with primarily 4-year or above programs. It has 7,050 students and an admission rate of 82%. Florida Institute of Technology has a bachelor's degree program in Accounting which graduated one student in 2008.

Ridge Career Center - Winter Haven, FL

Ridge Career Center, 7700 State Rd 544, Winter Haven, FL 33881-9518. Ridge Career Center is a small school located in Winter Haven, Florida. It is a public school with primarily 2-year programs and has 700 students. Ridge Career Center has a less than one year program in Accounting which graduated six students in 2008.

LOCATION INFORMATION: Orlando, Florida

Orlando, Florida
Orlando, Florida photo by A3RO

Orlando is situated in Orange County, Florida. It has a population of over 230,519, which has grown by 24.0% over the last ten years. The cost of living index in Orlando, 91, is below the national average. New single-family homes in Orlando are valued at $217,400 on average, which is far less than the state average. In 2008, three hundred forty-eight new homes were built in Orlando, down from six hundred twenty-two the previous year.

The three big industries for women in Orlando are accommodation and food services, health care, and educational services. For men, it is accommodation and food services, construction, and arts, entertainment, and recreation. The average travel time to work is about 25 minutes. More than 28.2% of Orlando residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 8.3%, is higher than the state average.

The unemployment rate in Orlando is 11.1%, which is less than Florida's average of 11.3%.

The percentage of Orlando residents that are affiliated with a religious congregation, 40.2%, is less than both the national and state average. Church of Scientology of Orlando, Church of the Holy Spirit Episcopal and Metropolitan Community Church-Joy are some of the churches located in Orlando. The largest religious groups are the Catholic Church, the Southern Baptist Convention and the United Methodist Church.

Orlando is home to the Dubsdread Country Club and the Conway Center as well as Mayor Carl Langford Park and Sunshine Park. Shopping centers in the area include Lake Conway Woods Shopping Center, Colonial Plaza Mall and Coytown Shopping Center. Visitors to Orlando can choose from Blue Nile Hotel Liquidators, Clarion Hotel Universal and Buena Vista Suites for temporary stays in the area.