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Career and Education Opportunities for Credit Analysts in Idaho

Idaho has a population of 1,545,801, which has grown by 19.46% over the past 10 years. Nicknamed the "Gem State," Idaho's capital and largest city is Boise.

There are currently 160 working credit analysts in Idaho; this should grow 13% to about 180 working credit analysts in the state by 2016. This is not quite as good as 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.

Income for credit analysts is about $26 per hour or $54,410 per year on average in Idaho. Nationally, their income is about $26 per hour or $55,250 per year. Credit analysts earn more than people working in the category of Accounting and Auditing generally in Idaho and less than people in the Accounting and Auditing category nationally. People working as credit analysts can fill a number of jobs, such as: credit risk analyst, financial analyst, and credit manager.

In 2008, there were a total of 939,793 jobs in Idaho. The average annual income was $32,994 in 2008, up from $32,837 the previous year. The unemployment rate in Idaho was 8.0% in 2009, which has grown by 3.1% since the previous year. Roughly 21.7% of Idaho residents have college degrees, which is lower than the national average.

The top industries in Idaho include semiconductor electronic component manufacturing, fruit preserving food manufacturing, and frozen food manufacturing.

CITIES WITH Credit Analyst OPPORTUNITIES IN Idaho


JOB 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.

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.

Similar jobs with educational opportunities in Idaho 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.

LOCATION INFORMATION: Idaho

Idaho
Idaho photo by the U.S. Dept. of Agriculture

Idaho has a population of 1,545,801, which has grown by 19.46% in the last 10 years. Nicknamed the "Gem State," Idaho's capital and biggest city is Boise. In 2008, there were a total of 939,793 jobs in Idaho. The average annual income was $32,994 in 2008, up from $32,837 the previous year. The unemployment rate in Idaho was 8.0% in 2009, which has grown by 3.1% since the previous year. Roughly 21.7% of Idaho residents have college degrees, which is lower than the national average.

The top industries in Idaho include semiconductor electronic component manufacturing, fruit preserving food manufacturing, and frozen food manufacturing.