What Do Consumer Credit Analysts Do?
Wondering what the job is really like for consumer credit analysts?
You've come to the right place.
Keep reading to find detailed information about what consumer credit analysts do, including the type of work they are tasked with on a daily basis, industries in which they work, and the specific skills needed for a successful career.
Consumer Credit Analysts Overview & Description
Let's get started with the basics about consumer credit analysts by taking a look at a simple description and popular job titles.
Consumer Credit Analysts analyze credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with credit information for use in decisionmaking.
Popular Job Titles For Consumer Credit Analysts
Sample of Reported Job Titles
- Credit Analysts
- Credit Risk Analysts
- Commercial Credit Analysts
- Credit Managers
- Credit and Collections Analysts
- Credit Assistant Managers
- Assistant Credit Managers
- Credit Risk Specialists
- Credit Risk Managers
- Credit Union Managers
- Commercial Real Estate Credit Analysts
- Commercial Credit Managers
Read on for insight into the industries where the highest concentration of jobs for consumer credit analysts can be found.
Best Industries for Consumer Credit Analysts
Consumer Credit Analysts Jobs By Industry
- Depository Credit Intermediation: 40.3%
- Nondepository Credit Intermediation: 16.5%
- Management of Companies and Enterprises: 12.5%
- Activities Related to Credit Intermediation: 7.5%
- Other Financial Investment Activities: 4%
- Securities and Commodity Contracts Intermediation and Brokerage: 3.3%
- Other: 15.9%
When it comes to jobs in the United States, the largest single category of consumer credit analysts can be found working in the Depository Credit Intermediation sector. In 2022, about 40.3% of all jobs for consumer credit analysts were found there.
Other top industries by percentage include Nondepository Credit Intermediation (16.5%), Management of Companies and Enterprises (12.5%), Activities Related to Credit Intermediation (7.5%), Other Financial Investment Activities (4%) and Securities and Commodity Contracts Intermediation and Brokerage (3.3%).
Top Online College For Working Adults
Franklin University is a top choice for adults who need to balance school with busy lives. Founded in 1902 in Columbus, Ohio, Franklin's main focus has been serving adult students and tailoring education to fit their needs. Nonprofit and accredited by the Higher Learning Commission (hlcommission.org/800.621.7440), Franklin offers more than 50 affordable bachelor's, master's, and doctoral programs — all available 100% online.
Degree Options for Consumer Credit Analysts
Develop the foundational financial skills needed to keep business running successfully, including financial reporting and analysis, managerial accounting, and federal taxes, so you can start your career as an accounting technician, tax preparer, payroll assistant and more.
- Class Type: 100% online
- Cost Per Credit: $398
Turn a head for numbers into a career as a financial associate or analyst, and help businesses turn financial data into actionable insights that can maximize investments, improve cash flow, and impact decisionmaking.
- Class Type: 100% online
- Cost Per Credit: $398
Enter into or advance within the rapidly growing accounting industry and prepare for professional certifications like the CPA.
- Class Type: 100% online
- Cost Per Credit: $398
- Accreditation: IACBE
Build in-demand skills in programming, data management and cloud computing with Franklin’s online data science bachelor’s degree.
- Class Type: 100% online
- Cost Per Credit: $398
Master finance principles and develop all-inclusive corporate finance strategies for business firms and financial institutions.
- Class Type: 100% online
- Cost Per Credit: $398
- Accreditation: IACBE
Distinguish yourself as a knowledgeable accounting professional with advanced technical, research, and communication skills.
- Class Type: 100% online
- Months To Complete: 17
- Accreditation: IACBE
- Placement Tests: GMAT/GRE not required for admission
What Do Consumer Credit Analysts Do on a Daily Basis?
So you have a high-level understanding of what consumer credit analysts do and the types of industries in which they work - but what do they really do each day?
A great way to understand the type of work consumer credit analysts do is to examine actual job postings and focus on the specific skills that employers are seeking. That will help paint a clearer picture of the tasks that consumer credit analysts tackle each day.
Continue reading for a breakdown of specialized skills found in job postings for consumer credit analysts, as well as common skills - interpersonal qualities and attributes - that can help you thrive in the workplace.
In-Demand Skills for Today's Consumer Credit Analysts
Based on 23,346 job postings
Top 5 Specialized Skills for Consumer Credit Analysts
| Skills | Postings | % of Total Postings |
|---|---|---|
| Finance | 10,792 | 46% |
| Accounting | 10,347 | 44% |
| Loans | 9,171 | 39% |
| Credit Risk | 7,537 | 32% |
| Financial Statements | 6,944 | 30% |
Top 5 Common Skills for Consumer Credit Analysts
| Skills | Postings | % of Total Postings |
|---|---|---|
| Management | 10,568 | 45% |
| Communications | 10,066 | 43% |
| Customer Service | 6,595 | 28% |
| Collections | 6,563 | 28% |
| Microsoft Excel | 6,563 | 28% |
Based on 23,346 job postings related to consumer credit analysts, finance was the top specialized skill sought by employers, with 46% of all postings looking for that skillset. Skills for accounting, loans, credit risk, financial statements and underwriting were also highly sought.
As for common skills, management was the most desired skill found in job postings for consumer credit analysts, followed by communications, customer service, collections, microsoft excel and sales.
| Skill | Postings | % of Total Postings |
|---|---|---|
| Finance | 10,792 | 46% |
| Accounting | 10,347 | 44% |
| Loans | 9,171 | 39% |
| Credit Risk | 7,537 | 32% |
| Financial Statements | 6,944 | 30% |
| Underwriting | 6,862 | 29% |
| Financial Analysis | 5,573 | 24% |
| Credit Analysis | 4,974 | 21% |
| Accounts Receivable | 4,326 | 19% |
| Credit Management | 3,874 | 17% |
| Commercial Lending | 3,310 | 14% |
| Economics | 3,256 | 14% |
| Risk Management | 3,121 | 13% |
| Auditing | 2,976 | 13% |
| Financial Services | 2,664 | 11% |
| Credit Reports | 2,448 | 10% |
| Risk Analysis | 2,377 | 10% |
| Portfolio Management | 2,310 | 10% |
| Invoicing | 1,948 | 8% |
| Loan Origination | 1,948 | 8% |
| Skill | Postings | % of Total Postings |
|---|---|---|
| Management | 10,568 | 45% |
| Communications | 10,066 | 43% |
| Customer Service | 6,595 | 28% |
| Collections | 6,563 | 28% |
| Microsoft Excel | 6,563 | 28% |
| Sales | 6,097 | 26% |
| Detail Oriented | 6,081 | 26% |
| Writing | 5,180 | 22% |
| Microsoft Office | 4,942 | 21% |
| Research | 4,758 | 20% |
| Problem Solving | 4,743 | 20% |
| Operations | 3,978 | 17% |
| Analytical Skills | 3,805 | 16% |
| Interpersonal Communications | 3,663 | 16% |
| Leadership | 3,266 | 14% |
| Presentations | 3,114 | 13% |
| Verbal Communication Skills | 3,085 | 13% |
| Microsoft PowerPoint | 2,928 | 13% |
| Organizational Skills | 2,741 | 12% |
| Multitasking | 2,556 | 11% |
Most In-Demand Jobs for Consumer Credit Analysts
Top 5 Posted Job Titles
| Job Title | Postings | % of Total Postings |
|---|---|---|
| Credit Analysts | 36,991 | 62.3% |
| Credit Risk Analysts | 3,756 | 6.3% |
| Commercial Credit Analysts | 2,944 | 5% |
| Credit Managers | 3,191 | 5.4% |
| Credit and Collections Analysts | 3,730 | 6.3% |
According to job postings that were published between September 2021 and August 2022, the top job sought by employers was credit analysts, with 8,627 unique job postings. Credit risk analysts were second, with 1,338 postings, followed by commercial credit analysts, credit managers and credit and collections analysts.
Expand the section below to see unique job postings for all occupations related to consumer credit analysts.
| Job Title | Postings | % of Total Postings |
|---|---|---|
| Credit Analysts | 36,991 | 62.3% |
| Credit Risk Analysts | 3,756 | 6.3% |
| Commercial Credit Analysts | 2,944 | 5% |
| Credit Managers | 3,191 | 5.4% |
| Credit and Collections Analysts | 3,730 | 6.3% |
| Credit Assistant Managers | 1,366 | 2.3% |
| Assistant Credit Managers | 566 | 1% |
| Credit Risk Specialists | 1,591 | 2.7% |
| Credit Risk Managers | 659 | 1.1% |
| Credit Union Managers | 430 | 0.7% |
| Commercial Real Estate Credit Analysts | 449 | 0.8% |
| Commercial Credit Managers | 392 | 0.7% |
| Commercial Banking Credit Analysts | 447 | 0.8% |
| Credit Review Analysts | 351 | 0.6% |
| Credit and Collections Specialists | 347 | 0.6% |
| Credit Risk Analytics Consultants | 592 | 1% |
| Credit Risk Analytics Managers | 696 | 1.2% |
| Consumer Credit Analysts | 307 | 0.5% |
| Credit Card Analysts | 337 | 0.6% |
| Credit Quality Analysts | 189 | 0.3% |
Additional Links
Ready to dig deeper into career information for consumer credit analysts? Visit our other pages focused on salary and education for consumer credit analysts.
How much do consumer credit analysts make?
Consumer Credit Analysts: How do you become one?
All Occupations
The Best Adult Colleges and Careers Guide has compiled data for dozens of in-demand jobs. Explore our full catalog of occupation data by visiting the link below.