Credit Analysts

Imminent Risk
84%
Where Would You Like to Go Next?
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Vote Comments (4)
Or, Explore This Profession in Greater Detail...
AUTOMATION RISK
CALCULATED
100%
(Imminent Risk)
POLLING
68%
(High Risk)
Average: 84%
LABOR DEMAND
GROWTH
-3.9%
by year 2033
WAGES
$79,420
or $38.18 per hour
Volume
73,200
as of 2023
SUMMARY
JOB SCORE
3.0/10

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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

68% 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 included wherever there is a substantial amount of votes to render meaningful data. These visual representations display user poll results over time, providing a significant 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 2021 and 2031
Updated projections are due 09-2024.

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

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Comments

Ray (Highly likely) 6 months ago
Human is reading data and providing a score. AI can do this much quicker.
1 0 Reply
S. (Uncertain) 1 year ago
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)?
0 0 Reply
jimmy C. (Highly likely) 1 year ago
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.
0 0 Reply
Dicky Irawan (Uncertain) 5 years ago
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.
0 0 Reply

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