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Career and Education Opportunities for Credit Analysts in St. Louis, Missouri

For those living in the St. Louis, Missouri area, there are many career and education opportunities for credit analysts. There are currently 1,020 working credit analysts in Missouri; this should shrink by 2% to 1,000 working credit analysts in the state 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.

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. Earnings for credit analysts are better than earnings in the general category of Accounting and Auditing in Missouri 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: escrow representative, loan officer, and credit and collections analyst.

There are fourteen schools within twenty-five miles of St. Louis where you can study to be a credit analyst, among seventy-one schools of higher education total in the St. Louis area. Credit analysts usually hold a Bachelor's degree, so you can expect to spend about four years studying 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 St. Louis 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 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.
  • 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

Maryville University of Saint Louis - Saint Louis, MO

Maryville University of Saint Louis, 650 Maryville University Drive, Saint Louis, MO 63141-7299. Maryville University of Saint Louis is a small university located in Saint Louis, Missouri. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,522 students and an admission rate of 54%. Maryville University of Saint Louis has a bachelor's degree and a master's degree program in Accounting which graduated two and zero students respectively in 2008.

Missouri Baptist University - Saint Louis, MO

Missouri Baptist University, One College Park Dr, Saint Louis, MO 63141-8698. Missouri Baptist University is a small university located in Saint Louis, Missouri. It is a private not-for-profit school with primarily 4-year or above programs. It has 4,764 students and an admission rate of 67%. Missouri Baptist University has a bachelor's degree program in Accounting which graduated one student in 2008.

McKendree University - Lebanon, IL

McKendree University, 701 College Rd, Lebanon, IL 62254-1291. McKendree University is a small university located in Lebanon, Illinois. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,258 students and an admission rate of 65%. McKendree University has a bachelor's degree program in Accounting which graduated one student in 2008.

Fontbonne University - Saint Louis, MO

Fontbonne University, 6800 Wydown Blvd, Saint Louis, MO 63105-3098. Fontbonne University is a small university located in Saint Louis, Missouri. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,967 students and an admission rate of 82%. Fontbonne University has a master's degree program in Accounting which graduated three students in 2008.

Lewis and Clark Community College - Godfrey, IL

Lewis and Clark Community College, 5800 Godfrey Rd, Godfrey, IL 62035. Lewis and Clark Community College is a medium sized college located in Godfrey, Illinois. It is a public school with primarily 2-year programs and has 8,016 students. Lewis and Clark Community College has a one to two year and an associate's degree program in Accounting which graduated two and seven students respectively in 2008.

Southern Illinois University Edwardsville - Edwardsville, IL

Southern Illinois University Edwardsville, Il State Rte 157, Edwardsville, IL 62026-1001. Southern Illinois University Edwardsville is a large university located in Edwardsville, Illinois. It is a public school with primarily 4-year or above programs. It has 13,602 students and an admission rate of 89%. Southern Illinois University Edwardsville has a bachelor's degree and a master's degree program in Accounting which graduated eighty-six and twelve students respectively in 2008.

Lindenwood University - Saint Charles, MO

Lindenwood University, 209 S Kingshighway, Saint Charles, MO 63301-1695. Lindenwood University is a large university located in Saint Charles, Missouri. It is a private not-for-profit school with primarily 4-year or above programs. It has 10,253 students and an admission rate of 40%. Lindenwood University has 2 areas of study related to Credit Analyst. They are:

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

Harris-Stowe State University - Saint Louis, MO

Harris-Stowe State University, 3026 Laclede Ave, Saint Louis, MO 63103-2136. Harris-Stowe State University is a small university located in Saint Louis, Missouri. It is a public school with primarily 4-year or above programs and has 1,864 students. Harris-Stowe State University has a bachelor's degree program in Accounting which graduated twelve students in 2008.

Webster University - Saint Louis, MO

Webster University, 470 E Lockwood Ave., Saint Louis, MO 63119-3194. Webster University is a large university located in Saint Louis, Missouri. It is a private not-for-profit school with primarily 4-year or above programs. It has 18,237 students and an admission rate of 57%. Webster University has 2 areas of study related to Credit Analyst. They are:

  • Accounting, bachelor's degree which graduated 23 students in 2008.
  • Finance, bachelor's degree and master's degree which graduated ten and fifty students respectively in 2008.

Saint Louis University-Main Campus - Saint Louis, MO

Saint Louis University-Main Campus, 221 N Grand Blvd, Saint Louis, MO 63103-2097. Saint Louis University-Main Campus is a large university located in Saint Louis, Missouri. It is a private not-for-profit school with primarily 4-year or above programs. It has 15,975 students and an admission rate of 72%. Saint Louis University-Main Campus has 2 areas of study related to Credit Analyst. They are:

  • Accounting, master's degree which graduated 31 students in 2008.
  • Finance, master's degree which graduated 12 students in 2008.

University of Missouri-St Louis - Saint Louis, MO

University of Missouri-St Louis, One University Boulevard, Saint Louis, MO 63121-4400. University of Missouri-St Louis is a large university located in Saint Louis, Missouri. It is a public school with primarily 4-year or above programs. It has 15,591 students and an admission rate of 46%. University of Missouri-St Louis has a bachelor's degree and a master's degree program in Accounting which graduated 152 and twenty-two students respectively in 2008.

Washington University in St Louis - Saint Louis, MO

Washington University in St Louis, One Brookings Drive, Saint Louis, MO 63130-4899. Washington University in St Louis is a large university located in Saint Louis, Missouri. It is a private not-for-profit school with primarily 4-year or above programs. It has 12,946 students and an admission rate of 22%. Washington University in St Louis has 2 areas of study related to Credit Analyst. They are:

  • Accounting, bachelor's degree and master's degree which graduated fifteen and fifteen students respectively in 2008.
  • Finance, bachelor's degree and master's degree which graduated fifty-one and twenty-five students respectively in 2008.

Southwestern Illinois College - Belleville, IL

Southwestern Illinois College, 2500 Carlyle Ave, Belleville, IL 62221-5899. Southwestern Illinois College is a large college located in Belleville, Illinois. It is a public school with primarily 2-year programs and has 14,308 students. Southwestern Illinois College has an associate's degree program in Accounting which graduated four students in 2008.

Saint Louis Community College-Florissant Valley - Saint Louis, MO

Saint Louis Community College-Florissant Valley, 3400 Pershall Rd, Saint Louis, MO 63135. Saint Louis Community College-Florissant Valley is a medium sized college located in Saint Louis, Missouri. It is a public school with primarily 2-year programs and has 6,515 students. Saint Louis Community College-Florissant Valley has a one to two year program in Credit Management.

LOCATION INFORMATION: St. Louis, Missouri

St. Louis, Missouri
St. Louis, Missouri photo by Dschwen

St. Louis is located in St. Louis City County, Missouri. It has a population of over 354,361, which has grown by 1.8% over the last ten years. The cost of living index in St. Louis, 83, is well below the national average. New single-family homes in St. Louis are priced at $111,600 on average, which is far less than the state average. In 2008, one hundred fifty-seven new homes were built in St. Louis, down from two hundred sixty-one the previous year.

The top three industries for women in St. Louis are health care, educational services, and accommodation and food services. For men, it is accommodation and food services, construction, and educational services. The average travel time to work is about 25 minutes. More than 19.1% of St. Louis residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 7.6%, is lower than the state average.

The unemployment rate in St. Louis is 10.9%, which is greater than Missouri's average of 8.9%.

Nativity of Our Lord Church, Church of the Good Shepard and Church of the Holy Communion are among the churches located in St. Louis.

St. Louis is home to the Terminal Railroad Association Building and the Memorial Home as well as Washington Park and Willmore Park. Shopping malls in the area include Hampton Village Shopping Center and Loughborough Shopping Center.