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Career and Education Opportunities for Credit Analysts in Houston, Texas

Credit analyst career and educational opportunities abound in Houston, Texas. About 5,070 people are currently employed as credit analysts in Texas. By 2016, this is expected to grow 6% to 5,360 people employed. 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%. 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 per hour or $55,250 yearly on average in the U.S. as a whole. Credit analysts earn less than people working in the category of Accounting and Auditing generally in Texas and less than people in the Accounting and Auditing category nationally. People working as credit analysts can fill a number of jobs, such as: credit manager, analyst, and credit representative.

There are twelve schools within twenty-five miles of Houston where you can study to be a credit analyst, among eighty-one schools of higher education total in the Houston area. 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 Houston 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 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.

EDUCATIONAL OPPORTUNITIES: Credit Analyst Training

University of Phoenix-Houston Westside Campus - Houston, TX

University of Phoenix-Houston Westside Campus, 11451 Katy Freeway, Suite 100, Houston, TX 77079-2004. University of Phoenix-Houston Westside Campus is a small university located in Houston, Texas. It is a private for-profit school with primarily 4-year or above programs and has 2,336 students. University of Phoenix-Houston Westside Campus has a bachelor's degree program in Accounting which graduated two students in 2008.

Galveston College - Galveston, TX

Galveston College, 4015 Ave Q, Galveston, TX 77550-7496. Galveston College is a small college located in Galveston, Texas. It is a public school with primarily 2-year programs and has 2,232 students. Galveston College has a one to two year and an associate's degree program in Accounting.

San Jacinto Community College - Pasadena, TX

San Jacinto Community College, 8060 Spencer Hwy, Pasadena, TX 77501-2007. San Jacinto Community College is a large college located in Pasadena, Texas. It is a public school with primarily 2-year programs and has 24,677 students. San Jacinto Community College has less than one year, one to two year, and associate's degree programs in Accounting which graduated six, eight, and eighteen students respectively in 2008.

University of Houston-Clear Lake - Houston, TX

University of Houston-Clear Lake, 2700 Bay Area Blvd, Houston, TX 77058-1098. University of Houston-Clear Lake is a medium sized university located in Houston, Texas. It is a public school with primarily 4-year or above programs and has 7,638 students. University of Houston-Clear Lake has 2 areas of study related to Credit Analyst. They are:

  • Accounting, bachelor's degree and master's degree which graduated 103 and forty-three students respectively in 2008.
  • Finance, bachelor's degree and master's degree which graduated forty-nine and twenty-three students respectively in 2008.

Texas Southern University - Houston, TX

Texas Southern University, 3100 Cleburne St, Houston, TX 77004. Texas Southern University is a medium sized university located in Houston, Texas. It is a public school with primarily 4-year or above programs. It has 8,062 students and an admission rate of 99%. Texas Southern University has a bachelor's degree and a master's degree program in Accounting which graduated forty-five and zero students respectively in 2008.

University of St Thomas - Houston, TX

University of St Thomas, 3800 Montrose Blvd, Houston, TX 77006-4696. University of St Thomas is a small university located in Houston, Texas. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,246 students and an admission rate of 81%. University of St Thomas has 2 areas of study related to Credit Analyst. They are:

  • Accounting, bachelor's degree and master's degree which graduated twenty-three and fifteen students respectively in 2008.
  • Finance, bachelor's degree which graduated 4 students in 2008.

University of Houston - Houston, TX

University of Houston, 212 E. Cullen Building, Houston, TX 77204-2018. University of Houston is a large university located in Houston, Texas. It is a public school with primarily 4-year or above programs. It has 36,080 students and an admission rate of 79%. University of Houston has 2 areas of study related to Credit Analyst. They are:

  • Accounting, bachelor's degree, master's degree, and doctor's degree which graduated 370, 157, and two students respectively in 2008.
  • Finance, bachelor's degree, master's degree, and doctor's degree which graduated 284, twenty-five, and two students respectively in 2008.

Lone Star College System - The Woodlands, TX

Lone Star College System, 5000 Research Forest Drive, The Woodlands, TX 77381-4399. Lone Star College System is a large college located in The Woodlands, Texas. It is a public school with primarily 2-year programs and has 41,331 students. Lone Star College System has less than one year, one to two year, and associate's degree programs in Accounting which graduated thirty-seven, two, and forty-five students respectively in 2008.

Houston Community College System - Houston, TX

Houston Community College System, 3100 Main Street, Houston, TX 77266-7517. Houston Community College System is a large college located in Houston, Texas. It is a public school with primarily 2-year programs and has 48,087 students. Houston Community College System has a one to two year and an associate's degree program in Accounting which graduated seven and twenty-three students respectively in 2008.

Bradford School of Business - Houston, TX

Bradford School of Business, 4669 Southwest Fwy Ste 100, Houston, TX 77027. Bradford School of Business is a small school located in Houston, Texas. It is a private for-profit school with primarily 2-year programs. It has 150 students and an admission rate of 69%. Bradford School of Business has a one to two year and an associate's degree program in Accounting which graduated four and three students respectively in 2008.

Houston Baptist University - Houston, TX

Houston Baptist University, 7502 Fondren Rd, Houston, TX 77074-3298. Houston Baptist University is a small university located in Houston, Texas. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,564 students and an admission rate of 46%. Houston Baptist University has 2 areas of study related to Credit Analyst. They are:

  • Accounting, bachelor's degree and master's degree which graduated ten and six students respectively in 2008.
  • Finance, bachelor's degree which graduated 21 students in 2008.

University of Houston-Downtown - Houston, TX

University of Houston-Downtown, 1 Main Street, Houston, TX 77002-1014. University of Houston-Downtown is a large university located in Houston, Texas. It is a public school with primarily 4-year or above programs and has 12,283 students. University of Houston-Downtown 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 1 student in 2008.

LOCATION INFORMATION: Houston, Texas

Houston, Texas
Houston, Texas photo by Hequals2henry

Houston is located in Harris County, Texas. It has a population of over 2,242,193, which has grown by 14.8% in the past ten years. The cost of living index in Houston, 89, is well below the national average. New single-family homes in Houston are valued at $173,500 on average, which is near the state average. In 2008, 3,684 new homes were constructed in Houston, down from 6,035 the previous year.

The top three industries for women in Houston are health care, educational services, and accommodation and food services. For men, it is construction, professional, scientific, and technical services, and administrative and support and waste management services. The average commute to work is about 27 minutes. More than 27.0% of Houston residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 9.7%, is higher than the state average.

The unemployment rate in Houston is 8.0%, which is less than Texas's average of 8.1%.

The percentage of Houston residents that are affiliated with a religious congregation, 50.4%, is more than the national average but less than the state average. El Buen Pastor United Methodist Church, 34th Temple Church of God in Christ and Pentecostal Church of God in Christ are some of the churches located in Houston. The largest religious groups are the Catholic Church, the Southern Baptist Convention and the United Methodist Church.

Houston is home to the Champion Rod and Gun Club and the Independence Heights Residential Historic District as well as Hermann Park and Hennessey Park. Shopping centers in the area include Windsor Plaza Shopping Center, Meyerland Plaza Shopping Center and Meyerland Shopping Center. Visitors to Houston can choose from Capital Inn, Bradford Homesuites - Houston Galleria and Best Western Fountainview Inn and Suites for temporary stays in the area.