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Career and Education Opportunities for Credit Analysts in Greensboro, North Carolina

Credit analysts can find many career and educational opportunities in the Greensboro, North Carolina area. There are currently 2,870 jobs for credit analysts in North Carolina and this is projected to grow by 7% to 3,060 jobs 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%. 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.

A person working as a credit analyst can expect to earn about $31 per hour or $64,780 per year on average in North Carolina and about $26 per hour or $55,250 per year on average in the U.S. as a whole. Compared with people working in the overall category of Accounting and Auditing, people working as credit analysts in North Carolina earn more. They earn less than people working in the overall category of Accounting and Auditing nationally. People working as credit analysts can fill a number of jobs, such as: credit representative, analyst, and credit assessment analyst.

There are thirty schools of higher education in the Greensboro area, including fifteen within twenty-five miles of Greensboro where you can get a degree to start your career as a credit analyst. The most common level of education for credit analysts is a Bachelor's degree. You can expect to spend about four years training to become 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 Greensboro 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 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

Greensboro College - Greensboro, NC

Greensboro College, 815 W Market St, Greensboro, NC 27401-1875. Greensboro College is a small college located in Greensboro, North Carolina. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,310 students and an admission rate of 64%. Greensboro College has a bachelor's degree program in Accounting which graduated seven students in 2008.

Wake Forest University - Winston Salem, NC

Wake Forest University, 1834 Wake Forest Road, Winston Salem, NC 27106. Wake Forest University is a medium sized university located in Winston Salem, North Carolina. It is a private not-for-profit school with primarily 4-year or above programs. It has 6,862 students and an admission rate of 38%. Wake Forest University has 2 areas of study related to Credit Analyst. They are:

  • Accounting, bachelor's degree and master's degree which graduated eighteen and fifty-eight students respectively in 2008.
  • Finance, bachelor's degree which graduated 87 students in 2008.

Davidson County Community College - Thomasville, NC

Davidson County Community College, 297 Davidson Community College Rd, Thomasville, NC 27360-7385. Davidson County Community College is a small college located in Thomasville, North Carolina. It is a public school with primarily 2-year programs and has 3,617 students. Davidson County Community College has less than one year, one to two year, and associate's degree programs in Accounting which graduated twelve, eleven, and eighteen students respectively in 2008.

Brookstone College - Greensboro, NC

Brookstone College, 424 Gallimore Dairy Road, Greensboro, NC 27409-9545. Brookstone College is a small college located in Greensboro, North Carolina. It is a private for-profit school with primarily less-than 2-year programs. It has 192 students and an admission rate of 70%. Brookstone College has a less than one year program in Accounting.

Alamance Community College - Graham, NC

Alamance Community College, 1247 Jimmie Kerr Road, Graham, NC 27253-8000. Alamance Community College is a small college located in Graham, North Carolina. It is a public school with primarily 2-year programs and has 4,607 students. Alamance Community College has a less than one year and an associate's degree program in Accounting which graduated forty-seven and twenty-six students respectively in 2008.

Catawba College - Salisbury, NC

Catawba College, 2300 W Innes St, Salisbury, NC 28144. Catawba College is a small college located in Salisbury, North Carolina. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,261 students and an admission rate of 61%. Catawba College has a bachelor's degree program in Accounting which graduated two students in 2008.

University of North Carolina at Greensboro - Greensboro, NC

University of North Carolina at Greensboro, 1000 Spring Garden St, Greensboro, NC 27402-6170. University of North Carolina at Greensboro is a large university located in Greensboro, North Carolina. It is a public school with primarily 4-year or above programs. It has 19,768 students and an admission rate of 71%. University of North Carolina at Greensboro has 2 areas of study related to Credit Analyst. They are:

  • Accounting, bachelor's degree and master's degree which graduated two and thirty-nine students respectively in 2008.
  • Finance, bachelor's degree which graduated 6 students in 2008.

Livingstone College - Salisbury, NC

Livingstone College, 701 W Monroe St, Salisbury, NC 28144. Livingstone College is a small college located in Salisbury, North Carolina. It is a private not-for-profit school with primarily 4-year or above programs. It has 994 students and an admission rate of 57%. Livingstone College has a bachelor's degree program in Accounting which graduated six students in 2008.

Elon University - Elon, NC

Elon University, 100 Campus Drive, Elon, NC 27244-2010. Elon University is a medium sized university located in Elon, North Carolina. It is a private not-for-profit school with primarily 4-year or above programs. It has 5,628 students and an admission rate of 42%. Elon University has a bachelor's degree program in Accounting which graduated three students in 2008.

Guilford College - Greensboro, NC

Guilford College, 5800 W Friendly Ave, Greensboro, NC 27410-4108. Guilford College is a small college located in Greensboro, North Carolina. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,641 students and an admission rate of 60%. Guilford College has a less than one year and a bachelor's degree program in Accounting which graduated two and one students respectively in 2008.

Salem College - Winston Salem, NC

Salem College, 601 S Church St, Winston Salem, NC 27101. Salem College is a small college located in Winston Salem, North Carolina. It is a private not-for-profit school with primarily 4-year or above programs. It has 960 students and an admission rate of 59%. Salem College has a bachelor's degree program in Accounting which graduated one student in 2008.

Forsyth Technical Community College - Winston Salem, NC

Forsyth Technical Community College, 2100 Silas Creek Pky, Winston Salem, NC 27103-5197. Forsyth Technical Community College is a medium sized college located in Winston Salem, North Carolina. It is a public school with primarily 2-year programs and has 6,748 students. Forsyth Technical Community College has a one to two year and an associate's degree program in Accounting which graduated two and fourteen students respectively in 2008.

High Point University - High Point, NC

High Point University, 833 Montlieu Ave, High Point, NC 27262-3598. High Point University is a small university located in High Point, North Carolina. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,384 students and an admission rate of 74%. High Point University has a bachelor's degree and a master's degree program in Accounting which graduated twenty-three and zero students respectively in 2008.

North Carolina A & T State University - Greensboro, NC

North Carolina A & T State University, 1601 E Market St, Greensboro, NC 27411. North Carolina A & T State University is a large university located in Greensboro, North Carolina. It is a public school with primarily 4-year or above programs. It has 10,148 students and an admission rate of 56%. North Carolina A & T State University has 2 areas of study related to Credit Analyst. They are:

  • Accounting, bachelor's degree which graduated 44 students in 2008.
  • Finance, bachelor's degree which graduated 1 student in 2008.

Winston-Salem State University - Winston-Salem, NC

Winston-Salem State University, 601 Martin Luther King Jr Dr, Winston-Salem, NC 27110-0001. Winston-Salem State University is a medium sized university located in Winston-Salem, North Carolina. It is a public school with primarily 4-year or above programs. It has 6,444 students and an admission rate of 68%. Winston-Salem State University has 2 areas of study related to Credit Analyst. They are:

  • Accounting, bachelor's degree which graduated 1 student in 2008.
  • Finance, bachelor's degree which graduated 3 students in 2008.

LOCATION INFORMATION: Greensboro, North Carolina

Greensboro, North Carolina
Greensboro, North Carolina photo by Yassie

Greensboro is situated in Guilford County, North Carolina. It has a population of over 250,642, which has grown by 11.9% over the last ten years. The cost of living index in Greensboro, 84, is well below the national average. New single-family homes in Greensboro are priced at $140,500 on average, which is well below the state average. In 2008, seven hundred fifty-three new homes were built in Greensboro, down from 1,516 the previous year.

The top three industries for women in Greensboro are educational services, health care, and finance and insurance. For men, it is construction, accommodation and food services, and educational services. The average travel time to work is about 20 minutes. More than 33.9% of Greensboro residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 10.8%, is higher than the state average.

The unemployment rate in Greensboro is 10.5%, which is less than North Carolina's average of 10.6%.

The percentage of Greensboro residents that are affiliated with a religious congregation, 46.7%, is less than the national average but more than the state average. Muirs Chapel, Mount Tabor Church and Bass Chapel are all churches located in Greensboro. The most common religious groups are the Southern Baptist Convention, the United Methodist Church and the Catholic Church.

Greensboro is home to the Holden Plaza and the English Market as well as Shannon Woods Park and Lake Daniel Park. Shopping centers in the area include Greenbriar Mall, Golden Gate Shopping Center and Carolina Circle Shopping Mall. Visitors to Greensboro can choose from Greensboro Days Inn, Execustay by Marriot and Biltmore Hotel for temporary stays in the area.