Credit analysis deals with the techniques used to estimate the creditworthiness of a company, business or organization. Those who have completed the different courses in finance and related fields can work as credit analysts. These professionals scrutinize the monetary records of an individual or business enterprise so as to verify their creditworthiness.

Credit analysts scrutinize bulky amounts of financial data each day as part of their work. By their technical and intellectual knowledge, they make lending proposals and reach at conclusions regarding appropriate risk assessments. Their job profile mainly involves evaluating clients’ loan request or a corporation’s debt issue in order to determine the likelihood of that the borrower.

Qualifying Exam

To become a credit analyst, aspirants need to be postgraduates in finance / accounting. Those who have completed MBA in finance are also qualified to become the same. However, aspirants should have conceded the post graduation course from an acknowledged University. Graduates in the respective fields can seek for entry-level jobs in the sector. With experience, they can reach heights through promotions. Credit analysts can seek for employments in public or private undertakings. These professionals mostly work for banks, credit rating agencies or in investment companies. Entering in to career, they can expect remunerations around $63,000 per annum.

Who is eligible to apply?

The prerequisite criterion to do the post graduation program is a pass in the graduation in finance or related fields. Graduates from any discipline can pursue the MBA program. They need to qualify in an entrance test in addition, so as to pursue the various masters’ courses. The entrance exam varies according to the University they have chosen for higher studies.

How to prepare for exam and interview?

Aspirants need to have top to bottom knowledge in the qualifying exam subjects. In addition, they should also have numerical and logical reasoning ability so as to clear the test. They can procure dedicated books in this field and previous question papers from foremost bookstores for reference. Working out problems, setting up a time assists them in getting more self-belief in attending the mains. Scholars can self-evaluate their solved papers to be acquainted with their weak portions. By doing so, they can bestow much concentration on those areas.