Career and Education Opportunities for Credit Analysts in Cheyenne, Wyoming
Cheyenne, Wyoming provides a wide variety of opportunities, both career and educational, for credit analysts. 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.
Income for credit analysts is about $19 hourly or $41,340 annually on average in Wyoming. Nationally, their income is about $26 hourly or $55,250 annually. Incomes for credit analysts are not quite as good as in the overall category of Accounting and Auditing in Wyoming, 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: loan officer, credit administrator, and financial analyst.
There are four schools of higher education in the Cheyenne area, including one within twenty-five miles of Cheyenne where you can get a degree to start your career as a credit analyst. The most common level of education for credit analysts is a Bachelor's degree. 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
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 Cheyenne 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.
- Tax Examiner. Determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.
EDUCATIONAL OPPORTUNITIES: Credit Analyst Training
Laramie County Community College - Cheyenne, WY
Laramie County Community College, 1400 E College Dr, Cheyenne, WY 82007-3299. Laramie County Community College is a small college located in Cheyenne, Wyoming. It is a public school with primarily 2-year programs and has 4,250 students. Laramie County Community College has an associate's degree program in Accounting which graduated twelve students in 2008.
LOCATION INFORMATION: Cheyenne, Wyoming
Cheyenne is situated in Laramie County, Wyoming. It has a population of over 56,915, which has grown by 7.4% in the past ten years. The cost of living index in Cheyenne, 85, is well below the national average. New single-family homes in Cheyenne are priced at $129,500 on average, which is far less than the state average. In 2008, one hundred sixty new homes were constructed in Cheyenne, down from three hundred eleven the previous year.
The three most popular industries for women in Cheyenne are health care, public administration, and educational services. For men, it is public administration, construction, and accommodation and food services. The average commute to work is about 15 minutes. More than 24.5% of Cheyenne residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 8.5%, is higher than the state average.
The unemployment rate in Cheyenne is 6.7%, which is less than Wyoming's average of 6.8%. About 8.8% of Cheyenne's residents are below the poverty line, which is better than the state average.
The percentage of Cheyenne residents that are affiliated with a religious congregation, 47.7%, is less than the national average but more than the state average. Calvary Church, Morrie Avenue Church and Full Gospel Church are some of the churches located in Cheyenne. The most common religious groups are the Catholic Church, the LDS (Mormon) Church and the Southern Baptist Convention.
Cheyenne is home to the Wyo Plaza and the Cheyenne Country Club as well as Cahill Park and Pioneer Park. Shopping malls in the area include Indian Hills Shopping Center, Frontier Mall and Frontier Square Shopping Center. Visitors to Cheyenne can choose from Quality Inn Cheyenne, Motel 6 and Cheyenne Super 8 Motel for temporary stays in the area.