Occupational Employment and Wages, May 2013

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)
301,860 1.1 % $34.52 $71,800 0.6 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $15.97 $21.17 $29.53 $41.71 $59.02
Annual Wage (2) $33,220 $44,030 $61,420 $86,760 $122,770


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 132,630 7.73 $33.84 $70,380
Nondepository Credit Intermediation 90,490 15.21 $32.99 $68,620
Activities Related to Credit Intermediation 32,450 11.47 $35.07 $72,940
Management of Companies and Enterprises 13,670 0.64 $37.67 $78,350
Automobile Dealers 9,310 0.83 $43.55 $90,580

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 90,490 15.21 $32.99 $68,620
Activities Related to Credit Intermediation 32,450 11.47 $35.07 $72,940
Depository Credit Intermediation 132,630 7.73 $33.84 $70,380
Automobile Dealers 9,310 0.83 $43.55 $90,580
Management of Companies and Enterprises 13,670 0.64 $37.67 $78,350

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 2,430 0.55 $59.87 $124,530
Other Financial Investment Activities 2,280 0.57 $53.37 $111,020
Management, Scientific, and Technical Consulting Services 240 0.02 $44.00 $91,530
Automobile Dealers 9,310 0.83 $43.55 $90,580
Activities Related to Real Estate 1,070 0.18 $40.93 $85,130


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 31,700 2.15 0.95 $39.15 $81,430
Texas 27,250 2.50 1.10 $33.67 $70,040
Florida 18,990 2.55 1.12 $35.74 $74,340
New York 14,680 1.70 0.75 $48.13 $100,110
Illinois 14,620 2.56 1.13 $36.82 $76,580




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)
South Dakota 1,580 3.92 1.72 $27.53 $57,260
Arizona 9,510 3.84 1.69 $29.34 $61,020
Utah 4,460 3.59 1.58 $31.14 $64,780
Iowa 5,090 3.41 1.50 $30.56 $63,570
Nebraska 3,020 3.25 1.43 $34.87 $72,520




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 14,680 1.70 0.75 $48.13 $100,110
Rhode Island (8) (8) (8) $42.93 $89,300
Massachusetts 5,770 1.77 0.78 $40.58 $84,410
New Hampshire 1,090 1.76 0.77 $40.14 $83,500
District of Columbia 560 0.83 0.37 $39.96 $83,120





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 10,170 2.75 1.21 $40.17 $83,560
New York-White Plains-Wayne, NY-NJ Metropolitan Division 9,760 1.86 0.82 $56.06 $116,590
Dallas-Plano-Irving, TX Metropolitan Division 8,600 4.00 1.76 $33.52 $69,720
Phoenix-Mesa-Glendale, AZ 8,190 4.60 2.02 $29.18 $60,700
Santa Ana-Anaheim-Irvine, CA Metropolitan Division 7,010 4.83 2.12 $41.15 $85,580
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 6,820 1.72 0.75 $42.45 $88,290
Atlanta-Sandy Springs-Marietta, GA 5,020 2.17 0.95 $38.64 $80,360
Charlotte-Gastonia-Rock Hill, NC-SC 4,780 5.45 2.39 $33.17 $68,990
Minneapolis-St. Paul-Bloomington, MN-WI 4,680 2.61 1.15 $33.98 $70,690
Philadelphia, PA Metropolitan Division 4,260 2.32 1.02 $38.18 $79,410