Career and Education Opportunities for Credit Analysts in Ohio
Ohio has a population of 11,542,645, which has grown by 1.67% over the past 10 years. Nicknamed the "Buckeye State," Ohio's capital and biggest city is Columbus.
There are currently 2,210 working credit analysts in Ohio; this should shrink by 5% to 2,090 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 approximately $24 per hour or $50,730 yearly on average in Ohio. Nationally they average about $26 hourly or $55,250 per year. Earnings for credit analysts are not quite as good as earnings in the general category of Accounting and Auditing in Ohio 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: risk analyst, escrow representative, and financial analyst.
In 2008, there were a total of 6,819,050 jobs in Ohio. The average annual income was $35,889 in 2008, up from $35,174 the preceding year. The unemployment rate in Ohio was 10.2% in 2009, which has grown by 3.6% since the previous year. About 21.1% of Ohio residents have college degrees, which is lower than the national average.
The top industries in Ohio include fabricated metal product manufacturing, soap detergent manufacturing, and forging. Notable tourist attractions include the Columbus Jewish Historical, the COSI, and the Franklin Park Conservatory.
CITIES WITH Credit Analyst OPPORTUNITIES IN Ohio
JOB 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.
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 Ohio 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.
- Insurance Underwriter. Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.
- 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.
LOCATION INFORMATION: Ohio
Ohio has a population of 11,542,645, which has grown by 1.67% over the past decade. Nicknamed the "Buckeye State," Ohio's capital and most populous city is Columbus. In 2008, there were a total of 6,819,050 jobs in Ohio. The average annual income was $35,889 in 2008, up from $35,174 in 2007. The unemployment rate in Ohio was 10.2% in 2009, which has grown by 3.6% since the previous year. Roughly 21.1% of Ohio residents have college degrees, which is lower than the national average.
The top industries in Ohio include fabricated metal product manufacturing, soap detergent manufacturing, and forging. Notable tourist destinations include the Columbus Museum of Art, the Columbus Jewish Historical, and the COSI.