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Career and Education Opportunities for Credit Analysts in South Dakota

South Dakota has a population of 812,383, which has grown by 7.62% over the past decade. Nicknamed the "Mount Rushmore State," its capital is Pierre, though its largest city is Sioux Falls.

There are currently 410 jobs for credit analysts in South Dakota and this is projected to grow by 16% to 480 jobs by 2016. This is better than 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.

A person working as a credit analyst can expect to earn about $23 hourly or $48,860 annually on average in South Dakota and about $26 per hour or $55,250 per year on average in the U.S. as a whole. Credit analysts earn more than people working in the category of Accounting and Auditing generally in South Dakota and less than people in the Accounting and Auditing category nationally. Jobs in this field include: financial analyst, credit risk analyst, and factorer.

In 2008, there were a total of 566,490 jobs in South Dakota. The average annual income was $38,644 in 2008, up from $36,428 the preceding year. The unemployment rate in South Dakota was 4.8% in 2009, which has grown by 1.7% since the previous year. Roughly 21.5% of South Dakota residents have college degrees, which is lower than the national average.

The top industries in South Dakota include nonstore retailers, gasoline stations with convenience stores, and sign manufacturing. Notable tourist attractions include the Sioux Falls City, the Old Courthouse Museum, and the Pettigrew Home & Museum.

CITIES WITH Credit Analyst OPPORTUNITIES IN South Dakota


JOB 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.

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 South Dakota 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.
  • 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.
  • Tax Examiner. Determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.

LOCATION INFORMATION: South Dakota

South Dakota
South Dakota photo by Dean Franklin

South Dakota has a population of 812,383, which has grown by 7.62% in the last 10 years. Nicknamed the "Mount Rushmore State," its capital is Pierre, though its most populous city is Sioux Falls. In 2008, there were a total of 566,490 jobs in South Dakota. The average annual income was $38,644 in 2008, up from $36,428 the previous year. The unemployment rate in South Dakota was 4.8% in 2009, which has grown by 1.7% since the previous year. Roughly 21.5% of South Dakota residents have college degrees, which is lower than the national average.

The top industries in South Dakota include nonstore retailers, gasoline stations with convenience stores, and sign manufacturing. Notable tourist attractions include the Pettigrew Home & Museum, the Sioux Falls City, and the Old Courthouse Museum.