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Career and Education Opportunities for Credit Analysts in Brownsville, Texas

Credit analysts can find many career and educational opportunities in the Brownsville, Texas area. About 5,070 people are currently employed as credit analysts in Texas. By 2016, this is expected to grow 6% to about 5,360 people employed. 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. 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 $25 per hour or $53,520 yearly on average in Texas and about $26 hourly 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 Texas earn less. They earn less than people working in the overall category of Accounting and Auditing nationally. Jobs in this field include: risk analyst, credit administrator, and credit risk analyst.

There are four schools within twenty-five miles of Brownsville where you can study to be a credit analyst, among ten schools of higher education total in the Brownsville area. Credit analysts usually hold a Bachelor's degree, so it will take about four years to learn to be 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 Brownsville 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 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.

EDUCATIONAL OPPORTUNITIES: Credit Analyst Training

South Texas Vo-Tech Institute - Weslaco, TX

South Texas Vo-Tech Institute, 2419 E Haggar Ave, Weslaco, TX 78596. South Texas Vo-Tech Institute is a small school located in Weslaco, Texas. It is a private for-profit school with primarily less-than 2-year programs and has 266 students. South Texas Vo-Tech Institute has a less than one year and a one to two year program in Accounting which graduated ten and zero students respectively in 2008.

Texas Southmost College - Brownsville, TX

Texas Southmost College, 80 Fort Brown, Brownsville, TX 78520. Texas Southmost College is a large college located in Brownsville, Texas. It is a public school with primarily 2-year programs. Texas Southmost College has an associate's degree program in Accounting which graduated thirteen students in 2008.

The University of Texas at Brownsville - Brownsville, TX

The University of Texas at Brownsville, 80 Fort Brown, Brownsville, TX 78520-4991. The University of Texas at Brownsville is a medium sized university located in Brownsville, Texas. It is a public school with primarily 4-year or above programs and has 17,309 students. The University of Texas at Brownsville has 2 areas of study related to Credit Analyst. They are:

  • Accounting, bachelor's degree which graduated 26 students in 2008.
  • Finance, bachelor's degree which graduated 18 students in 2008.

The University of Texas-Pan American - Edinburg, TX

The University of Texas-Pan American, 1201 W University Dr, Edinburg, TX 78539-2999. The University of Texas-Pan American is a large university located in Edinburg, Texas. It is a public school with primarily 4-year or above programs. It has 17,584 students and an admission rate of 64%. The University of Texas-Pan American has 2 areas of study related to Credit Analyst. They are:

  • Accounting, bachelor's degree and master's degree which graduated eighty-one and fourteen students respectively in 2008.
  • Finance, bachelor's degree which graduated 80 students in 2008.

LOCATION INFORMATION: Brownsville, Texas

Brownsville, Texas
Brownsville, Texas photo by Jaedza

Brownsville is situated in Cameron County, Texas. It has a population of over 175,494, which has grown by 25.6% over the last ten years. The cost of living index in Brownsville, 78, is well below the national average. New single-family homes in Brownsville cost $102,100 on average, which is far less than the state average. In 2008, four hundred sixty-four new homes were constructed in Brownsville, down from eight hundred sixty-one the previous year.

The top three industries for women in Brownsville are educational services, health care, and accommodation and food services. For men, it is construction, educational services, and accommodation and food services. The average commute to work is about 20 minutes. More than 13.4% of Brownsville residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 5.1%, is lower than the state average.

The unemployment rate in Brownsville is 10.8%, which is greater than Texas's average of 8.1%.

The percentage of Brownsville residents that are affiliated with a religious congregation, 52.8%, is more than the national average but less than the state average. El Calvario Lutheran Church, Primera Iglesia Presbiteriana Mexicana Church and Church of Christ are some of the churches located in Brownsville. The most prominent religious groups are the Catholic Church, the Southern Baptist Convention and the United Methodist Church.

Brownsville is home to the Resaca de la Palma Battlefield and the Miguel Fernandez Hide Yard as well as Friendship Gardens and Washington Park. Visitors to Brownsville can choose from Best Western Rose Garden Inn, Comfort Inn and Best Value Colonial Hotel for temporary stays in the area.