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Boston Career Explorer

Business and Financial Operations

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.

Also called: Credit Administrator, Credit Analyst, Credit and Collections Analyst, Credit Officer, Credit Representative, Credit Risk Analyst

Median pay in Greater Boston
$101,890
$48.99/hr
Jobs in Greater Boston
1,080
Massachusetts 2024–2034
−9.0%
80 openings a year
Typical U.S. entry requirement
Bachelor's degree

Greater Boston: Boston-Cambridge-Newton, MA-NH metro area, May 2025. Growth and openings: Massachusetts statewide projection.

Pay range in Greater Boston

Yearly pay in Greater Boston by percentile
10th25thMedian75th90th
$65,430$76,860$101,890$133,460$175,680

10% of workers earn less than the first figure and 10% earn more than the last.

What you’d do

  • Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.
  • Complete loan applications, including credit analyses and summaries of loan requests, and submit to loan committees for approval.
  • Generate financial ratios, using computer programs, to evaluate customers' financial status.
  • Prepare reports that include the degree of risk involved in extending credit or lending money.
  • Analyze financial data, such as income growth, quality of management, and market share to determine expected profitability of loans.
  • Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations.

AI and this job

AI exposure: how much of this job’s work AI tools can do or help with, based on national research. It is not a forecast of job loss.

Higher exposure85 of 100

The index averages three national research measures, each shown as a percentile of all jobs:

  • AIOE 91
  • Language-model AIOE 77
  • GPTs-are-GPTs 88

Observed AI use today: Substantial (Anthropic Economic Index)

Credit analysis has higher AI exposure, and substantial AI use is already seen in this work. AI tools can help with financial ratios, risk analysis, and report drafting. Federal notes say companies are using more data and machine learning to make credit analysts more productive. Massachusetts employment is projected to fall 9.0% from 2024 to 2034.

Likely to change

  • Running financial ratios and risk checks
  • Drafting credit reports and summaries

Still relies on people

  • Judging a borrower's management quality
  • Presenting loan cases to committees

What federal projections say

“Productivity change - share decreases as companies increase the productivity of credit analysts by using more data and machine learning in the credit risk analyses process.”
BLS Employment Projections 2025–35, factors affecting this job (U.S.)

Written with AI from the data on this page. Check with a career coach before making a decision.

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Training near Boston

College and school programs in the Boston metro area that lead to this job, with 2023-24 completions (IPEDS).

44 programs near Boston (plus 20 graduate)

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