Is commercial credit analyst a good job?
Is a commercial credit analyst a good job
Based on 92 responses, the job of Commercial Credit Analyst has received a job satisfaction rating of 3.53 out of 5.
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Is credit analyst a good career path
In short, the credit analyst career path is great at the beginning and the end but not so great in the middle. It's best if: You're in it for the long haul, and you want to work your way up to earning $300K+ eventually while working 40 hours per week.
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What does a commercial credit analyst do
Commercial Real Estate 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.
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Do credit analysts make a lot of money
Credit analyst salaries typically range between $40,000 and $93,000 a year. The average hourly rate for credit analysts is $29.53 per hour. Location, education, and experience impacts how much a credit analyst can expect to make.
Is credit analyst a stressful job
Being a credit analyst can be a stressful job. It means you decide whether a person or a company can make a purchase, and at what interest rate. It's a big responsibility and should not be taken lightly.
Do credit analysts work long hours
Credit analysts can expect to work a 40-hour week, but they may have to put in overtime if a project has a tight deadline. A commercial credit analyst may have to travel to the business or corporation that is seeking a loan in order to prepare the agreement.
How can I be a good commercial credit analyst
A background in finance or accounting in order to understand the client's financial position and its operating results. Strong general business acumen in order to understand the business itself, including how it's differentiated in the market and what levers management can pull to grow and/or improve results.
What are the pros and cons of credit analyst
Pros: Intellectually stimulating; client-facing; financial and credit analysis; competitive. Cons: Grueling deadlines; pressure from upper management to exceed expectations; stressful; pressure to meet EPS.
What is the life of a credit analyst
A day in the life of a Credit Analyst involves doing research about people or businesses applying for a loan. This may include talking to employers to verify income and other sources of financial verification.
What type of person makes a good credit analyst
Soft skills are important for credit analysts
A strong credit analyst is one who is not only proficient in the routine skills related to determining the creditworthiness of applicants and preparing reports for management review and regulatory reporting.
What is the average age of a credit analyst
39 years old
55.8% of all credit analysts are women, while 44.2% are men. The average age of an employed credit analyst is 39 years old.