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Career and Education Opportunities for Credit Analysts in Vermont

Vermont has a population of 621,760, which has grown by 2.12% over the past decade. Nicknamed the "Green Mountain State," its capital is Montpelier, though its biggest city is Burlington.

The national trend for credit analysts 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.

The income of a credit analyst is about $24 hourly or $49,920 per year on average in Vermont. In the U.S. as a whole, their income is about $26 per hour or $55,250 per year on average. Incomes for credit analysts are not quite as good as in the overall category of Accounting and Auditing in Vermont, and not quite as good as the overall Accounting and Auditing category nationally. People working as credit analysts can fill a number of jobs, such as: credit representative, escrow representative, and credit manager.

In 2008, there were a total of 434,917 jobs in Vermont. The average annual income was $38,700 in 2008, up from $37,735 the previous year. The unemployment rate in Vermont was 6.9% in 2009, which has grown by 2.4% since the previous year. About 29.4% of Vermont residents have college degrees, which is higher than the national average.

The top industries in Vermont include computer product manufacturing, nonupholstered wood household furniture manufacturing, and sporting goods merchant wholesalers. Notable tourist attractions include the Catamount Trail Association, the Yolanda Drag Queen Singer Songwriter, and the Fleming Museum.

CITIES WITH Credit Analyst OPPORTUNITIES IN Vermont


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 Vermont 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.

LOCATION INFORMATION: Vermont

Vermont
Vermont photo by Jared C. Benedict

Vermont has a population of 621,760, which has grown by 2.12% over the past decade. Nicknamed the "Green Mountain State," its capital is Montpelier, though its largest city is Burlington. In 2008, there were a total of 434,917 jobs in Vermont. The average annual income was $38,700 in 2008, up from $37,735 the preceding year. The unemployment rate in Vermont was 6.9% in 2009, which has grown by 2.4% since the previous year. Approximately 29.4% of Vermont residents have college degrees, which is higher than the national average.

The top industries in Vermont include computer product manufacturing, nonupholstered wood household furniture manufacturing, and sporting goods merchant wholesalers. Notable tourist attractions include the Fleming Museum, the Yolanda Drag Queen Singer Songwriter, and the Burlington Chamber of Commerce.