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Career and Education Opportunities for Credit Analysts in Tampa, Florida

Credit analyst career and educational opportunities abound in Tampa, Florida. Currently, 3,000 people work as credit analysts in Florida. This is expected to grow by 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 per hour or $52,960 annually on average in Florida and about $26 per hour or $55,250 per year on average in the U.S. as a whole. 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: escrow representative, loan review analyst, and financing analyst.

There are fifty-four schools of higher education in the Tampa area, including fourteen within twenty-five miles of Tampa 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 Tampa 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

Rasmussen College-Pasco County - Holiday, FL

Rasmussen College-Pasco County, 2127 Grand Blvd, Holiday, FL 34690-4554. Rasmussen College-Pasco County is a small college located in Holiday, Florida. It is a private for-profit school with primarily 4-year or above programs and has 548 students. Rasmussen College-Pasco County has a one to two year and an associate's degree program in Accounting which graduated zero and three students respectively in 2008.

Everest University-Brandon - Tampa, FL

Everest University-Brandon, 3924 Coconut Palm Dr, Tampa, FL 33619-1354. Everest University-Brandon is a medium sized university located in Tampa, Florida. It is a private for-profit school with primarily 4-year or above programs. It has 1,968 students and an admission rate of 68%. Everest University-Brandon has an associate's degree and a bachelor's degree program in Accounting which graduated fifty-five and fifteen students respectively in 2008.

Everest University-Lakeland - Lakeland, FL

Everest University-Lakeland, 995 E Memorial Blvd Suite110, Lakeland, FL 33801. Everest University-Lakeland is a small university located in Lakeland, Florida. It is a private for-profit school with primarily 4-year or above programs. It has 326 students and an admission rate of 67%. Everest University-Lakeland has an associate's degree and a bachelor's degree program in Accounting which graduated five and two students respectively in 2008.

University of South Florida - Tampa, FL

University of South Florida, 4202 East Fowler Ave, Tampa, FL 33620-9951. University of South Florida is a large university located in Tampa, Florida. It is a public school with primarily 4-year or above programs. It has 46,174 students and an admission rate of 46%. University of South Florida has 2 areas of study related to Credit Analyst. They are:

  • Accounting, bachelor's degree and master's degree which graduated 338 and forty students respectively in 2008.
  • Finance, bachelor's degree and master's degree which graduated fifteen and five students respectively in 2008.

Saint Leo University - Saint Leo, FL

Saint Leo University, 33701 State Road 52, Saint Leo, FL 33574-6665. Saint Leo University is a large university located in Saint Leo, Florida. It is a private not-for-profit school with primarily 4-year or above programs. It has 12,442 students and an admission rate of 73%. Saint Leo University has a bachelor's degree and a master's degree program in Accounting which graduated 214 and fifty-six students respectively in 2008.

Everest University-Tampa - Tampa, FL

Everest University-Tampa, 3319 W Hillsborough Ave, Tampa, FL 33614. Everest University-Tampa is a small university located in Tampa, Florida. It is a private for-profit school with primarily 4-year or above programs. It has 451 students and an admission rate of 74%. Everest University-Tampa has an associate's degree and a bachelor's degree program in Accounting which graduated four and nineteen students respectively in 2008.

Pinellas Technical Education Center-Clearwater - Clearwater, FL

Pinellas Technical Education Center-Clearwater, 6100 154th Ave N, Clearwater, FL 33760-2140. Pinellas Technical Education Center-Clearwater is a small school located in Clearwater, Florida. It is a public school with primarily 2-year programs and has 1,157 students. Pinellas Technical Education Center-Clearwater has a less than one year program in Accounting which graduated nine students in 2008.

Everest University-Largo - Largo, FL

Everest University-Largo, 1199 East Bay Drive, Largo, FL 33770-2556. Everest University-Largo is a small university located in Largo, Florida. It is a private for-profit school with primarily 4-year or above programs. It has 288 students and an admission rate of 67%. Everest University-Largo has an associate's degree and a bachelor's degree program in Accounting which graduated twenty and twelve students respectively in 2008.

University of Phoenix-West Florida Campus - Temple Terrace, FL

University of Phoenix-West Florida Campus, 12802 Tampa Oaks Boulevard, Suite 200, Temple Terrace, FL 33637-1915. University of Phoenix-West Florida Campus is a small university located in Temple Terrace, Florida. It is a private for-profit school with primarily 4-year or above programs and has 837 students. University of Phoenix-West Florida Campus has a bachelor's degree program in Accounting which graduated fourteen students in 2008.

St Petersburg College - Clearwater, FL

St Petersburg College, 14025 58th Street North, Clearwater, FL 33760. St Petersburg College is a large college located in Clearwater, Florida. It is a public school with primarily 4-year or above programs and has 26,099 students. St Petersburg College has a bachelor's degree program in Finance which graduated one student in 2008.

The University of Tampa - Tampa, FL

The University of Tampa, 401 W Kennedy Blvd, Tampa, FL 33606-1490. The University of Tampa is a medium sized university located in Tampa, Florida. It is a private not-for-profit school with primarily 4-year or above programs. It has 5,790 students and an admission rate of 50%. The University of Tampa has 2 areas of study related to Credit Analyst. They are:

  • Accounting, bachelor's degree and master's degree which graduated one and thirteen students respectively in 2008.
  • Finance, bachelor's degree and master's degree which graduated one and twelve students respectively in 2008.

Southeastern University - Lakeland, FL

Southeastern University, 1000 Longfellow Blvd, Lakeland, FL 33801-6034. Southeastern University is a small university located in Lakeland, Florida. It is a private not-for-profit school with primarily 4-year or above programs and has 3,075 students. Southeastern 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 1 student in 2008.

Clearwater Christian College - Clearwater, FL

Clearwater Christian College, 3400 Gulf to Bay Blvd, Clearwater, FL 33759-4595. Clearwater Christian College is a small college located in Clearwater, Florida. It is a private not-for-profit school with primarily 4-year or above programs. It has 604 students and an admission rate of 89%. Clearwater Christian College has a bachelor's degree program in Accounting.

Florida Southern College - Lakeland, FL

Florida Southern College, 111 Lake Hollingsworth Dr, Lakeland, FL 33801-5698. Florida Southern College is a small college located in Lakeland, Florida. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,319 students and an admission rate of 67%. Florida Southern College has 2 areas of study related to Credit Analyst. They are:

  • Accounting, bachelor's degree and master's degree which graduated two and one students respectively in 2008.
  • Finance, bachelor's degree which graduated 8 students in 2008.

LOCATION INFORMATION: Tampa, Florida

Tampa, Florida
Tampa, Florida photo by Caltrop

Tampa is located in Hillsborough County, Florida. It has a population of over 340,882, which has grown by 12.3% over the last ten years. The cost of living index in Tampa, 95, is near the national average. New single-family homes in Tampa are valued at $188,700 on average, which is far less than the state average. In 2008, six hundred thirty-five new homes were constructed in Tampa, down from 1,008 the previous year.

The three big industries for women in Tampa are health care, educational services, and finance and insurance. For men, it is construction, professional, scientific, and technical services, and accommodation and food services. The average travel time to work is about 23 minutes. More than 25.4% of Tampa residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 9.2%, is higher than the state average.

The unemployment rate in Tampa is 11.8%, which is greater than Florida's average of 11.3%.

The percentage of Tampa residents that are affiliated with a religious congregation, 41.8%, is less than the national average but more than the state average. Abundant Life Assembly of God Church, Florida Tampa Mission and Most Holy Redeemer Church are among the churches located in Tampa. The largest religious groups are the Catholic Church, the Southern Baptist Convention and the United Methodist Church.

Tampa is home to the Parkers Railroad Station and the Drew Station Railroad Station as well as Ybor City Museum State Park and American Legion Playground. Shopping centers in the area include Northgate Shopping Center, Old Hyde Park Village Shopping Center and Benttree Plaza Shopping Center. Visitors to Tampa can choose from Backstage Restaurant & Lounge, Baymont Tampa Busch Gardens and Budget Inn for temporary stays in the area.