Career and Education Opportunities for Credit Analysts in Clarksville, Tennessee
There is a wide variety of career and education opportunities for credit analysts in the Clarksville, Tennessee area. About 1,170 people are currently employed as credit analysts in Tennessee. By 2016, this is expected to grow by 16% to 1,360 people employed. 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. 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 $23 per hour or $49,610 per year on average in Tennessee. Nationally they average about $26 per hour or $55,250 per year. Credit analysts earn less than people working in the category of Accounting and Auditing generally in Tennessee and less than people in the Accounting and Auditing category nationally. Credit analysts work in a variety of jobs, including: credit specialist, factorer, and financing analyst.
The Clarksville area is home to twelve schools of higher education, including three within twenty-five miles of Clarksville where you can get a degree 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 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 Clarksville 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 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.
- Tax Examiner. Determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.
EDUCATIONAL OPPORTUNITIES: Credit Analyst Training
Brown Mackie College-Hopkinsville - Hopkinsville, KY
Brown Mackie College-Hopkinsville, 4001 Fort Campbell Boulevard, Hopkinsville, KY 42240-4948. Brown Mackie College-Hopkinsville is a small college located in Hopkinsville, Kentucky. It is a private for-profit school with primarily 2-year programs and has 271 students. Brown Mackie College-Hopkinsville has a one to two year and an associate's degree program in Accounting which graduated one and six students respectively in 2008.
Draughons Junior College - Clarksville, TN
Draughons Junior College, 1860 Wilma Rudolph Blvd, Clarksville, TN 37040-6718. Draughons Junior College is a small college located in Clarksville, Tennessee. It is a private for-profit school with primarily 2-year programs and has 539 students. Draughons Junior College has a one to two year program in Accounting.
Tennessee State University - Nashville, TN
Tennessee State University, 3500 John Merritt Blvd, Nashville, TN 37209-1561. Tennessee State University is a medium sized university located in Nashville, Tennessee. It is a public school with primarily 4-year or above programs. It has 8,005 students and an admission rate of 46%. Tennessee State University has a bachelor's degree program in Accounting which graduated thirty-two students in 2008.
LOCATION INFORMATION: Clarksville, Tennessee
Clarksville is situated in Montgomery County, Tennessee. It has a population of over 119,735, which has grown by 15.7% in the past ten years. The cost of living index in Clarksville, 82, is well below the national average. New single-family homes in Clarksville cost $97,300 on average, which is well below the state average. In 2008, six hundred thirty-five new homes were built in Clarksville, down from 1,038 the previous year.
The top three industries for women in Clarksville are health care, educational services, and accommodation and food services. For men, it is construction, public administration, and accommodation and food services. The average commute to work is about 24 minutes. More than 19.8% of Clarksville residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 6.8%, is lower than the state average.
The unemployment rate in Clarksville is 8.8%, which is less than Tennessee's average of 10.2%.
The percentage of Clarksville residents that are affiliated with a religious congregation, 45.3%, is less than both the national and state average. Spring Creek Church, South Chapel and Saint John Baptist Church are among the churches located in Clarksville. The most common religious groups are the Southern Baptist Convention, the United Methodist Church and the Catholic Church.
Clarksville is home to the Industrial Historic District and the Trice Landing as well as Fairgrounds Park and New Providence Recreation Area. Shopping malls in the area include Governors Square Mall Shopping Center, Clarksville Square Shopping Center and Two Rivers Mall Shopping Center. Visitors to Clarksville can choose from Comfort Inn North, Hampton Inn Clarksville and Guesthouse Clarksville for temporary stays in the area.