Occupational Employment and Wages, May 2010

13-2072 Loan Officers

Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.


National estimates for this occupation
Industry profile for this occupation
Geographic profile for this occupation

National estimates for this occupation: Top

Employment estimate and mean wage estimates for this occupation:

Employment (1) Employment
RSE (3)
Mean hourly
wage
Mean annual
wage (2)
Wage RSE (3)
283,330 1.2 % $31.68 $65,900 1.0 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $14.87 $19.44 $27.16 $38.53 $54.02
Annual Wage (2) $30,930 $40,430 $56,490 $80,140 $112,370


Industry profile for this occupation: Top

Industries with the highest published employment and wages for this occupation are provided. For a list of all industries with employment in this occupation, see the Create Customized Tables function.

Industries with the highest levels of employment in this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Depository Credit Intermediation 132,230 7.70 $30.66 $63,770
Nondepository Credit Intermediation 78,280 13.88 $31.81 $66,170
Activities Related to Credit Intermediation 38,720 14.76 $32.95 $68,530
Management of Companies and Enterprises 11,370 0.60 $34.49 $71,740
Federal Executive Branch (OES Designation) 4,510 0.22 $34.20 $71,130

Industries with the highest concentration of employment in this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Activities Related to Credit Intermediation 38,720 14.76 $32.95 $68,530
Nondepository Credit Intermediation 78,280 13.88 $31.81 $66,170
Depository Credit Intermediation 132,230 7.70 $30.66 $63,770
Monetary Authorities-Central Bank 240 1.26 $33.52 $69,720
Other Financial Investment Activities 2,360 0.71 $42.26 $87,890

Top paying industries for this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Other Financial Investment Activities 2,360 0.71 $42.26 $87,890
Automotive Equipment Rental and Leasing (8) (8) $42.17 $87,720
Other Investment Pools and Funds 50 0.14 $41.40 $86,100
Securities and Commodity Contracts Intermediation and Brokerage 2,130 0.47 $38.76 $80,610
Automobile Dealers 980 0.10 $36.37 $75,650


Geographic profile for this occupation: Top

States and areas with the highest published employment, location quotients, and wages for this occupation are provided. For a list of all areas with employment in this occupation, see the Create Customized Tables function.

States with the highest employment level in this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
California 28,800 2.06 0.92 $36.28 $75,450
Florida 23,850 3.36 1.51 $27.78 $57,780
Texas 16,510 1.64 0.73 $33.24 $69,130
New York 15,580 1.87 0.84 $50.11 $104,230
Illinois 13,280 2.40 1.08 $34.57 $71,900




States with the highest concentration of jobs and location quotients in this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Utah 4,720 4.11 1.84 $26.94 $56,030
South Dakota 1,470 3.80 1.70 $26.15 $54,390
Oklahoma 5,070 3.42 1.53 $22.35 $46,480
Florida 23,850 3.36 1.51 $27.78 $57,780
Idaho 1,990 3.35 1.50 $28.23 $58,720




Top paying States for this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New York 15,580 1.87 0.84 $50.11 $104,230
District of Columbia 590 0.93 0.42 $38.07 $79,190
Washington 6,150 2.28 1.02 $36.53 $75,990
California 28,800 2.06 0.92 $36.28 $75,450
New Jersey 5,290 1.40 0.63 $35.67 $74,190

Metropolitan areas with the highest employment level in this occupation:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New York-White Plains-Wayne, NY-NJ Metropolitan Division 10,370 2.08 0.93 $57.51 $119,610
Chicago-Naperville-Joliet, IL Metropolitan Division 8,980 2.54 1.14 $36.92 $76,800
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 7,150 1.87 0.84 $40.09 $83,390
Phoenix-Mesa-Scottsdale, AZ 6,580 3.91 1.75 $33.07 $68,780
Atlanta-Sandy Springs-Marietta, GA 5,340 2.43 1.09 $34.15 $71,030
Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division 5,070 2.21 0.99 $31.14 $64,780
Minneapolis-St. Paul-Bloomington, MN-WI 4,850 2.89 1.30 $33.12 $68,890
Dallas-Plano-Irving, TX Metropolitan Division 4,780 2.39 1.07 $37.62 $78,250
Santa Ana-Anaheim-Irvine, CA Metropolitan Division 4,740 3.45 1.55 $32.18 $66,930
Philadelphia, PA Metropolitan Division 4,500 2.49 1.12 $29.05 $60,410




Metropolitan areas with the highest concentration of jobs and location quotients in this occupation:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Cleveland, TN 220 6.20 2.78 $18.36 $38,190
Logan, UT-ID 280 5.94 2.66 $19.25 $40,030
Ocala, FL 490 5.44 2.44 (8) (8)
Jacksonville, FL 2,850 5.01 2.25 $26.94 $56,030
Des Moines-West Des Moines, IA 1,560 4.92 2.21 $30.05 $62,500
Charlotte-Gastonia-Concord, NC-SC 3,790 4.68 2.10 $29.69 $61,760
Salt Lake City, UT 2,760 4.66 2.09 $27.41 $57,000
Kalamazoo-Portage, MI 590 4.52 2.03 $22.10 $45,970
Lawton, OK 190 4.50 2.02 $18.08 $37,610
Panama City-Lynn Haven, FL 310 4.49 2.01 $23.41 $48,700