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Opportunities, Salary and Skills required of credit analyst and his duties | Institutes offering credit analyst courses

When a business organization had applied for loan, it is the duty of people in the bank to check whether the organizations are capable of paying back the amount. When a company is ready to take over another company, then it should check whether the company is of worth or not. In the two cases, credit analysts are the right persons to solve these problems. Credit analysts are required in any company to advice financially and plan the finance.

Opportunities and duties of credit analyst:
There are attractive offers in the banks, insurance companies and finance department in MNCs. They should be able to guess the present financial condition of the customer based on the financial information given by them. They should also prepare the future plans of the company based on the financial condition. They should advice the methods which implement the profits in the correct way.

Skills required for credit analyst:
Competitive aptitude skills, communication skills, multi task taking skills and descriptive nature should be there for a person to excel as credit analyst.

Salary for credit analyst:
The starting salary is Rs.15,000 and based on the experience, they can get double salary. They can also get promotions like research analyst and manager ratings from trainee analyst.

Courses for credit analyst:
Candidates should be qualified in the finance and accounting departments in master’s degree. All the popular institutes including IIMs are providing two year PG course in finance management.