Career and Education Opportunities for Credit Analysts in North Las Vegas, Nevada
If you want to be a credit analyst, the North Las Vegas, Nevada area offers many opportunities both for education and employment. There are currently 450 working credit analysts in Nevada; this should grow 20% to about 540 working credit analysts in the state by 2016. This is better than the nation as a whole, where employment opportunities for credit analysts are expected to grow by about 15.0%. 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 per hour or $55,380 per year on average in Nevada. In the U.S. as a whole, their income is about $26 hourly or $55,250 yearly on average. Incomes for credit analysts are not quite as good as in the overall category of Accounting and Auditing in Nevada, and not quite as good as the overall Accounting and Auditing category nationally. Jobs in this field include: credit specialist, loan review analyst, and financing analyst.
There are two schools within twenty-five miles of North Las Vegas where you can study to be a credit analyst, among nineteen schools of higher education total in the North Las Vegas area. The most common level of education for credit analysts is a Bachelor's degree. 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
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 North Las Vegas 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
University of Nevada-Las Vegas - Las Vegas, NV
University of Nevada-Las Vegas, 4505 S Maryland Pky, Las Vegas, NV 89154. University of Nevada-Las Vegas is a large university located in Las Vegas, Nevada. It is a public school with primarily 4-year or above programs. It has 28,618 students and an admission rate of 73%. University of Nevada-Las Vegas has 2 areas of study related to Credit Analyst. They are:
- Accounting, bachelor's degree and master's degree which graduated 165 and forty-five students respectively in 2008.
- Finance, bachelor's degree which graduated 125 students in 2008.
University of Phoenix-Las Vegas Campus - Las Vegas, NV
University of Phoenix-Las Vegas Campus, 7455 W. Washington Street, Las Vegas, NV 89128-4337. University of Phoenix-Las Vegas Campus is a small university located in Las Vegas, Nevada. It is a private for-profit school with primarily 4-year or above programs and has 2,625 students. University of Phoenix-Las Vegas Campus has 2 areas of study related to Credit Analyst. They are:
- Accounting, bachelor's degree which graduated 21 students in 2008.
- Finance, bachelor's degree which graduated 1 student in 2008.
LOCATION INFORMATION: North Las Vegas, Nevada
North Las Vegas is situated in Clark County, Nevada. It has a population of over 217,253, which has grown by 88.1% in the past ten years. The cost of living index in North Las Vegas, 89, is well below the national average. New single-family homes in North Las Vegas cost $207,700 on average, which is well above the state average. In 2008, eight hundred thirty-four new homes were built in North Las Vegas, down from 2,365 the previous year.
The three most popular industries for women in North Las Vegas are accommodation and food services, arts, entertainment, and recreation, and health care. For men, it is construction, accommodation and food services, and arts, entertainment, and recreation. The average commute to work is about 27 minutes. More than 10.2% of North Las Vegas residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 3.3%, is lower than the state average.
The unemployment rate in North Las Vegas is 14.3%, which is greater than Nevada's average of 12.6%.
The percentage of North Las Vegas residents that are affiliated with a religious congregation, 36.2%, is less than the national average but more than the state average. The largest religious groups are the Catholic Church, the LDS (Mormon) Church and the Southern Baptist Convention.
North Las Vegas is home to the Craig Ranch Country Club and the Craig Road Speedway as well as Valley View Park and Highland Valley Park. Shopping malls in the area include Cheyenne Shopping Center and College Park Shopping Center. Visitors to North Las Vegas can choose from Starlite Motel, Holiday Inn Express Hotel & Suites and Texas Station for temporary stays in the area.