Occupational Employment and Wages, May 2014

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)
300,580 1.0 % $35.42 $73,670 0.6 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $15.89 $21.35 $30.11 $43.26 $61.73
Annual Wage (2) $33,050 $44,400 $62,620 $89,970 $128,390


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 131,080 7.78 $34.58 $71,930
Nondepository Credit Intermediation 88,130 15.04 $33.98 $70,680
Activities Related to Credit Intermediation 31,310 10.89 $36.52 $75,960
Management of Companies and Enterprises 15,630 0.71 $38.47 $80,010
Automobile Dealers 11,060 0.95 $45.29 $94,210

Industries with the highest concentration of employment in this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Nondepository Credit Intermediation 88,130 15.04 $33.98 $70,680
Activities Related to Credit Intermediation 31,310 10.89 $36.52 $75,960
Depository Credit Intermediation 131,080 7.78 $34.58 $71,930
Automobile Dealers 11,060 0.95 $45.29 $94,210
Management of Companies and Enterprises 15,630 0.71 $38.47 $80,010

Top paying industries for this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Securities and Commodity Contracts Intermediation and Brokerage 2,370 0.53 $50.10 $104,220
Other Financial Investment Activities 2,730 0.64 $49.94 $103,880
Automobile Dealers 11,060 0.95 $45.29 $94,210
Activities Related to Real Estate 1,080 0.18 $44.42 $92,400
Individual and Family Services (8) (8) $43.69 $90,870


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 32,480 2.15 0.97 $40.74 $84,740
Texas 25,160 2.24 1.01 $35.73 $74,310
Florida 20,970 2.74 1.23 $38.69 $80,480
Illinois 13,820 2.40 1.08 $37.04 $77,040
New York 13,140 1.49 0.67 $46.38 $96,470



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)
Arizona 9,660 3.82 1.72 $31.28 $65,060
South Dakota 1,470 3.59 1.61 $30.07 $62,540
Nebraska 3,360 3.56 1.60 $35.84 $74,540
Utah 4,470 3.49 1.57 $30.39 $63,200
Iowa 5,010 3.31 1.49 $31.44 $65,390



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 13,140 1.49 0.67 $46.38 $96,470
Massachusetts 5,430 1.63 0.73 $44.39 $92,320
Rhode Island 940 2.02 0.91 $41.05 $85,390
New Hampshire 1,140 1.82 0.82 $40.83 $84,930
California 32,480 2.15 0.97 $40.74 $84,740




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)
Chicago-Joliet-Naperville, IL Metropolitan Division 9,300 2.48 1.11 $40.24 $83,690
New York-White Plains-Wayne, NY-NJ Metropolitan Division 8,670 1.61 0.72 $52.97 $110,180
Phoenix-Mesa-Glendale, AZ 8,120 4.45 2.00 $31.77 $66,080
Dallas-Plano-Irving, TX Metropolitan Division 7,630 3.41 1.53 $37.70 $78,420
Santa Ana-Anaheim-Irvine, CA Metropolitan Division 7,380 4.97 2.23 $43.65 $90,780
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 7,270 1.79 0.81 $43.51 $90,500
Minneapolis-St. Paul-Bloomington, MN-WI 5,430 2.97 1.34 $36.07 $75,020
Atlanta-Sandy Springs-Marietta, GA 5,180 2.17 0.98 $39.91 $83,010
Charlotte-Gastonia-Rock Hill, NC-SC 4,580 5.03 2.26 $34.54 $71,850
Tampa-St. Petersburg-Clearwater, FL 4,570 3.86 1.74 $36.63 $76,200