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Career and Education Opportunities for Credit Analysts in Columbia, Missouri

Columbia, Missouri provides a wide variety of opportunities, both career and educational, for credit analysts. About 1,020 people are currently employed as credit analysts in Missouri. By 2016, this is expected to shrink 2% to 1,000 people employed. 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. 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 about $25 per hour or $52,200 annually on average in Missouri and about $26 per hour or $55,250 per year on average nationally. Incomes for credit analysts are better than in the overall category of Accounting and Auditing in Missouri, and not quite as good as the overall Accounting and Auditing category nationally. Credit analysts work in a variety of jobs, including: credit risk analyst, risk analyst, and loan review analyst.

There are thirteen schools of higher education in the Columbia area, including seven within twenty-five miles of Columbia where you can get a degree to start your career as a credit analyst. Credit analysts usually hold a Bachelor's degree, so 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 Columbia 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.
  • 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

William Woods University - Fulton, MO

William Woods University, One University Avenue, Fulton, MO 65251-1098. William Woods University is a small university located in Fulton, Missouri. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,287 students and an admission rate of 85%. William Woods University has a bachelor's degree program in Accounting which graduated five students in 2008.

Columbia College - Columbia, MO

Columbia College, 1001 Rogers, Columbia, MO 65216. Columbia College is a large college located in Columbia, Missouri. It is a private not-for-profit school with primarily 4-year or above programs. It has 14,081 students and an admission rate of 53%. Columbia College has 2 areas of study related to Credit Analyst. They are:

  • Accounting, bachelor's degree which graduated 6 students in 2008.
  • Finance, bachelor's degree which graduated 44 students in 2008.

Westminster College - Fulton, MO

Westminster College, 501 Westminster Ave, Fulton, MO 65251-1299. Westminster College is a small college located in Fulton, Missouri. It is a private not-for-profit school with primarily 4-year or above programs. It has 992 students and an admission rate of 77%. Westminster College has a bachelor's degree program in Accounting which graduated three students in 2008.

Central Methodist University-College of Liberal Arts & Sciences - Fayette, MO

Central Methodist University-College of Liberal Arts & Sciences, 411 Central Methodist Square, Fayette, MO 65248-1198. Central Methodist University-College of Liberal Arts & Sciences is a small university located in Fayette, Missouri. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,031 students and an admission rate of 66%. Central Methodist University-College of Liberal Arts & Sciences has a bachelor's degree program in Accounting which graduated three students in 2008.

Lincoln University - Jefferson City, MO

Lincoln University, 820 Chestnut, Jefferson City, MO 65102-0029. Lincoln University is a small university located in Jefferson City, Missouri. It is a public school with primarily 4-year or above programs and has 3,109 students. Lincoln University has a bachelor's degree program in Accounting which graduated six students in 2008.

Central Methodist University-College of Graduate & Extended Studies - Fayette, MO

Central Methodist University-College of Graduate & Extended Studies, 411 Central Methodist Square, Fayette, MO 65248-1198. Central Methodist University-College of Graduate & Extended Studies is a small university located in Fayette, Missouri. It is a private not-for-profit school with primarily 4-year or above programs and has 2,373 students. Central Methodist University-College of Graduate & Extended Studies has a bachelor's degree program in Accounting which graduated twenty-one students in 2008.

University of Missouri-Columbia - Columbia, MO

University of Missouri-Columbia, 105 Jesse Hall, Columbia, MO 65211. University of Missouri-Columbia is a large university located in Columbia, Missouri. It is a public school with primarily 4-year or above programs. It has 30,130 students and an admission rate of 85%. University of Missouri-Columbia has bachelor's degree, master's degree, and post-master's certificate programs in Accounting which graduated 104, 108, and thirty students respectively in 2008.

LOCATION INFORMATION: Columbia, Missouri

Columbia, Missouri
Columbia, Missouri photo by Grey_Wanderer

Columbia is situated in Boone County, Missouri. It has a population of over 100,733, which has grown by 19.2% over the last ten years. The cost of living index in Columbia, 85, is well below the national average. New single-family homes in Columbia are valued at $171,800 on average, which is below the state average. In 2008, three hundred thirty-five new homes were constructed in Columbia, down from six hundred fifty-three the previous year.

The top three industries for women in Columbia are educational services, health care, and accommodation and food services. For men, it is educational services, accommodation and food services, and health care. The average travel time to work is about 15 minutes. More than 50.5% of Columbia residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 24.0%, is higher than the state average.

The unemployment rate in Columbia is 6.8%, which is less than Missouri's average of 8.9%.

The percentage of Columbia residents that are affiliated with a religious congregation, 40.9%, is less than both the national and state average. Sugar Grove Church, Fairview Church and Emmanuel Church are among the churches located in Columbia. The most common religious groups are the Southern Baptist Convention, the Catholic Church and the Christian Church (Disciples of Christ).

Columbia is home to the Columbia Country Club and the Columbia Plaza as well as Nickell Park and Stephens Park. Shopping centers in the area include Whitegate Shopping Center, North County Shopping Center and Biscayne Mall. Visitors to Columbia can choose from Churchill's, Columbia Super 8 Motel and Arrow Head Motel LLC for temporary stays in the area.