Credit analysts are experts in determining an organization's or an individual's creditworthiness. Credit analysts look at the history of credit purchases and using their findings, determines whether a person or company is able to get the loan. Most credit analysts hold a bachelor's degree in math or economics, business, or accounting. It is recommended that those who work in this field like working with numbers since they'll be analyzing numbers as part of their job. They typically be working in a workplace. Analysts in credit must possess excellent communication skills, be excellent listeners, and have the ability to handle a variety of tasks. Analysts are employed by large banks as well as credit unions, investment management companies as well as even the U.S. Department of State among others. Analysts typically work from Monday to Friday, however this could be changed. If analysts are working on an important case decision for a company such as a major case, then work outside normal hours could be necessary. Credit analysts do not just decide on the creditworthiness of a person but also suggest steps to boost credit ratings. The clients can vary from large corporations to those seeking loans. It is a highly skilled, white collar job. There is a huge demand and potential for growth for credit analysts due to the fact that the economic landscape is constantly changing.

The job role of a Credit Analyst in India is projected to witness significant growth in the market. According to a 10-year analysis, there has been a substantial increase in demand for Credit Analysts, indicating a positive trend. With the expansion of the financial sector in India and the increasing importance of risk assessment and credit evaluation, the role of Credit Analysts is set to become more crucial in the future. The country's rapid economic growth and financial inclusion initiatives are expected to create numerous employment opportunities for Credit Analysts in the coming years. Overall, this profession exhibits promising prospects with ample scope for career progression.

How to Learn

As a Credit Analyst with 0-3 years of experience in India, here are some main responsibilities:<ul><li>Analyze creditworthiness of customers, evaluate financial statements, assess risk factors, and recommend credit limits.</li><li>Conduct thorough analysis of financial statements, including balance sheets, income statements, and cash flow statements, to evaluate the financial health of businesses.</li><li>Assess credit risk by analyzing industry trends, market conditions, and company-specific factors to determine the likelihood of payment default.</li><li>Prepare credit reports, document findings, maintain accurate records, and present recommendations to senior management or credit committees.</li></ul>

Roles & Responsibilities

Average take home Salary for a Credit Analyst in India is around $7230 per year

Salary Breakup

Credit analysts are experts in determining an organization's or an individual's creditworthiness. Credit analysts look at the history of credit purchases and using their findings, determines whether a person or company is worthy of the loan. Most credit analysts hold a bachelor's degree in math or economics, business, or accounting. It is recommended that those who work in this field like working with numbers since they'll be reviewing numbers as part of their job. They typically be working in a workplace. Analysts in credit must possess excellent communication skills, be excellent listeners, and have the ability to handle a variety of tasks. Analysts are employed by large banks as well as credit unions, investment management companies as well as even the U.S. Department of State among others. Analysts typically work from Monday to Friday, however this could be changed. If analysts are working on an important case decision for a company such as a major case, then work outside normal hours could be necessary. Credit analysts do not just decide on the creditworthiness of a person but also suggest steps to boost credit ratings. The clients can vary from large corporations to those seeking loans. It is a highly skilled, white collar job. There is a huge demand and potential for growth for credit analysts due to the fact that the economic landscape is constantly evolving. Read less

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Credit Analyst

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