Credit Analysts

Imminent Risk
86%

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Vote Comments (4)
AUTOMATION RISK
CALCULATED
100%
(Imminent Risk)
POLLING
72%
(High Risk, Based on 211 votes)
Average: 86%
LABOR DEMAND
GROWTH
-3.9%
by year 2033
WAGES
$79,420
or $38.18 per hour
Volume
73,200
as of 2023
SUMMARY
What does this snowflake show?
The Snowflake is a visual summary of the five badges: Automation Risk (calculated), Risk (polled), Growth, Wages and Volume. It gives you an instant snapshot of an occupations profile. The colour of the Snowflake relates to its size. The better the occupation scores in relation to others, the larger and greener the Snowflake becomes.
JOB SCORE
3.0/10
What's this?
Job Score (higher is better):

We rate jobs using four factors. These are:

- Chance of being automated
- Job growth
- Wages
- Volume of available positions

These are some key things to think about when job hunting.

People also viewed

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Calculated automation risk

100% (Imminent Risk)

Imminent Risk (81-100%): Occupations in this level have an extremely high likelihood of being automated in the near future. These jobs consist primarily of repetitive, predictable tasks with little need for human judgment.

More information on what this score is, and how it is calculated is available here.

Some quite important qualities of the job are difficult to automate:

  • Social Perceptiveness

User poll

72% chance of full automation within the next two decades

Our visitors have voted that it's probable this occupation will be automated. This assessment is further supported by the calculated automation risk level, which estimates 100% chance of automation.

What do you think the risk of automation is?

What is the likelihood that Credit Analysts will be replaced by robots or artificial intelligence within the next 20 years?

Sentiment

The following graph is shown where there are enough votes to produce meaningful data. It displays user poll results over time, providing a clear indication of sentiment trends.

Sentiment over time (yearly)

Growth

Very slow growth relative to other professions.

The number of 'Credit Analysts' job openings is expected to decline 3.9% by 2033

Total employment, and estimated job openings

* Data from the Bureau of Labor Statistics for the period between 2023 and 2033
Updated projections are due 09-2025.

Wages

High paid relative to other professions

In 2023, the median annual wage for 'Credit Analysts' was $79,420, or $38 per hour

'Credit Analysts' were paid 65.3% higher than the national median wage, which stood at $48,060

Wages over time

* Data from the Bureau of Labor Statistics

Volume

Moderate range of job opportunities compared to other professions

As of 2023 there were 73,200 people employed as 'Credit Analysts' within the United States.

This represents around < 0.001% of the employed workforce across the country

Put another way, around 1 in 2 thousand people are employed as 'Credit Analysts'.

Job description

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.

SOC Code: 13-2041.00

Comments (4)

S. (Uncertain)
20 Feb 2023 22:58
Financial markets are based on irrational behaviours. If you systematically make it rational through the precise use of AI, the there would not be any mispricing to exploit, hence how will money be made in a perfectly rational market harmonised by AI (i.e. the best recommendations will all be the same for all investors, reaching either fair value or expensiveness very quickly)?
Dicky Irawan (Uncertain)
07 Oct 2019 02:44
Credit Analysis is a job field that has a broad range object of analysis, which are debtors. Some debtors, like individuals and small business can have simpler analysis tools than the more elaborate small-medium enterprises or even corporation. AI trends can go either way, depending on the types of debtors a group of credit analysts work on.
Ray (Highly likely)
15 May 2024 03:03
Human is reading data and providing a score. AI can do this much quicker.
jimmy C. (Highly likely)
24 Jan 2023 14:00
You don't need a 3rd party or extra human to do what an Excel sheet can do in 5 mins, as long as the programmer (which is an accountant or someone good in math) have coded most required variables.
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