Credit analysts

Detailed Occupation

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2020 Workforce
32.9k
Average Age
40.4
Estimated Job Growth
−4.94%
10-year projection
Average Salary
$78,373
Average Male Salary
$90,760
Average Female Salary
$67,792

Employment

Information on the businesses and industries that employ Credit analysts and on wages and locations for those in the field. Banking & related activities is the industry that employs the most Credit analysts, both by share and by number, though the highest paid industry for Credit analysts, by average wage, is Securities, commodities, funds, trusts & other financial investments. Credit analysts are paid most in Norwalk, Westport & Darien Towns PUMA, CT but are relatively concentrated in San Diego (Northeast/Rancho Bernardo) & Poway Cities PUMA, CA.

Wages

Yearly Wage

$78,373
AVERAGE SALARY
± $10,766

In 2020, Credit analysts earned an average of $78,373, $22,419 more than than the average national salary of $55,954.

Environmental scientists and specialists, including health make somewhat more than Credit analysts while Ship & boat captains & operators make somewhat less. This chart shows the various occupations closest to Credit analysts as measured by average annual salary in the US.

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Wage Distribution

0.323
WAGE GINI

In 2015, Credit analysts had a wage GINI coefficient of 0.323, which is lower than than the national average of 0.478. In other words, wages are distributed more evenly for Credit analysts (shown in red) than for the overall labor force (shown in gray).

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Wage by Location

This map shows the Public Use Microdata Areas (PUMAs) in the United States shaded by average annual wage for Credit analysts.

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Spatial Concentration

This map displays which Public Use Microdata Areas (PUMAs) in the United States have a relatively high population of Credit analysts.

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Industries

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Industries by Share

32.9k
2020 Workforce
± 4,453
7.98%
1 YEAR GROWTH
± 18.1%

The number of people employed as Credit analysts has been growing at a rate of 7.98%, from 30,466 people in 2019 to 32,897 people in 2020.

This graphic shows the share of Credit analysts employed by various industries. Banking & related activities employs the largest share of Credit analysts at  46.6%, followed by Nondepository credit & related activities with 15.6% and Securities, commodities, funds, trusts & other financial investments with 4.57%.

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Diversity

Demographic information on Credit analysts in the US. The average age of male Credit analysts in the workforce is 37.7 and of female Credit analysts is 42.8, and the most common race/ethnicity for Credit analysts is White (Non-Hispanic).

Composition by Sex

15.2k
MALE WORKFORCE
± 3,022
17.7k
FEMALE WORKFORCE
± 3,270

53.9% of Credit analysts are Female, making them the more common sex in the occupation. This chart shows the sex breakdown of Credit analysts.

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Race & Ethnicity

Most Common Race or Ethnicity of Credit analysts
  1. White (Non-Hispanic)
  2. Black (Non-Hispanic)
  3. Asian (Non-Hispanic)

70.3% of Credit analysts are White (Non-Hispanic), making that the most common race or ethnicity in the occupation. Representing 8.58% of Credit analysts, Black (Non-Hispanic) is the second most common race or ethnicity in this occupation. This chart shows the racial and ethnic breakdown of Credit analysts.

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Age by Sex

37.7
AVERAGE MALE AGE
± 2.43
42.8
AVERAGE FEMALE AGE
± 2.42

The median age of Credit analysts is 40.4, and Male employees are generally 5.13 years younger than than their Female counterparts.

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Education

Data on higher education choices for Credit analysts from The Department of Education and Census Bureau. The most common major for Credit analysts is Business but a relatively high number of Credit analysts hold a major in Business.

Majors

ACS PUMS data only shows the major for bachelor's degrees. However, we can filter the data based on highest degree obtained.
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Skills

Data on the critical and distinctive skills necessary for Credit analysts from the Bureau of Labor Statistics. Credit analysts need many skills, but most especially Critical Thinking, Reading Comprehension, and Speaking. The revealed comparative advantage (RCA) shows that Credit analysts need more than the average amount of Mathematics, Operations Analysis, and Management of Financial Resources.

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Bar Chart

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Projections

Projections on job growth for Credit Analysts from the Bureau of Labor Statistics. The 10-year national workforce is projected to grow 3.71%, but Credit Analysts are expected to see a growth of −4.94% over the same period. This occupation is expected to grow less than the national average.

Job Growth

−4.94%
Estimated Job Growth
10-year Projection
3.71%
National Growth
10-year Projection

This line chart shows the projected 10-year growth in the number of jobs for Credit Analysts. This profession is expected to grow less than than 3.71%, the average rate of national job growth.

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