Career and Education Opportunities for Credit Analysts in Boise, Idaho
Credit analysts can find both educational opportunities and jobs in the Boise, Idaho area. There are currently 160 jobs for credit analysts in Idaho and this is projected to grow by 13% to 180 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. 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.
The income of a credit analyst is about $26 hourly or $54,410 annually on average in Idaho. In the U.S. as a whole, their income is about $26 per hour or $55,250 annually on average. Earnings for credit analysts are better than earnings in the general category of Accounting and Auditing in Idaho and not quite as good as general Accounting and Auditing category earnings nationally. People working as credit analysts can fill a number of jobs, such as: financial analyst, credit risk analyst, and credit assessment analyst.
There are four schools within twenty-five miles of Boise where you can study to be a credit analyst, among eleven schools of higher education total in the Boise area. 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
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 Boise 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 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
University of Phoenix-Idaho Campus - Meridian, ID
University of Phoenix-Idaho Campus, 3080 East Gentry Way, Suite 150, Meridian, ID 83642-3014. University of Phoenix-Idaho Campus is a small university located in Meridian, Idaho. It is a private for-profit school with primarily 4-year or above programs and has 403 students. University of Phoenix-Idaho Campus has a bachelor's degree program in Finance which graduated one student in 2008.
Boise State University - Boise, ID
Boise State University, 1910 University Dr, Boise, ID 83725. Boise State University is a large university located in Boise, Idaho. It is a public school with primarily 4-year or above programs. It has 19,667 students and an admission rate of 81%. Boise State University has 2 areas of study related to Credit Analyst. They are:
- Accounting, bachelor's degree and master's degree which graduated 117 and seventeen students respectively in 2008.
- Finance, bachelor's degree which graduated 10 students in 2008.
Northwest Nazarene University - Nampa, ID
Northwest Nazarene University, 623 Holly St, Nampa, ID 83686-5897. Northwest Nazarene University is a small university located in Nampa, Idaho. It is a private not-for-profit school with primarily 4-year or above programs and has 1,944 students. Northwest Nazarene University has a bachelor's degree program in Accounting.
The College of Idaho - Caldwell, ID
The College of Idaho, 2112 Cleveland Blvd, Caldwell, ID 83605-4432. The College of Idaho is a small college located in Caldwell, Idaho. It is a private not-for-profit school with primarily 4-year or above programs. It has 944 students and an admission rate of 57%. The College of Idaho has a bachelor's degree program in Accounting which graduated two students in 2008.
LOCATION INFORMATION: Boise, Idaho
Boise is situated in Ada County, Idaho. It has a population of over 205,314, which has grown by 10.5% over the last ten years. The cost of living index in Boise, 90, is well below the national average. New single-family homes in Boise are priced at $245,800 on average, which is far greater than the state average. In 2008, one hundred eighty-three new homes were built in Boise, down from four hundred twenty-six the previous year.
The three most popular industries for women in Boise are health care, educational services, and accommodation and food services. For men, it is computer and electronic products, construction, and accommodation and food services. The average travel time to work is about 18 minutes. More than 33.6% of Boise residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 10.6%, is higher than the state average.
The unemployment rate in Boise is 9.2%, which is greater than Idaho's average of 8.3%.
The percentage of Boise residents that are affiliated with a religious congregation, 44.5%, is less than both the national and state average. The most common religious groups are the LDS (Mormon) Church, the Catholic Church and the United Methodist Church.