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Occupational Employment and Wages, May 2017
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) |
| 307,240 |
1.1 % |
$37.46 |
$77,920 |
0.6 % |
Percentile wage estimates for this occupation:
| Percentile |
10% |
25% |
50%
(Median) |
75% |
90% |
| Hourly Wage |
$15.71 |
$21.95 |
$31.09 |
$45.27 |
$65.19 |
| Annual Wage (2) |
$32,670 |
$45,660 |
$64,660 |
$94,150 |
$135,590 |
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) |
| Credit Intermediation and Related Activities (5221 And 5223 only) |
161,710 |
8.13 |
$36.70 |
$76,340 |
| Nondepository Credit Intermediation |
91,110 |
14.47 |
$36.89 |
$76,720 |
| Management of Companies and Enterprises |
17,170 |
0.74 |
$38.63 |
$80,350 |
| Automobile Dealers |
12,630 |
0.98 |
$47.25 |
$98,270 |
| Securities, Commodity Contracts, and Other Financial Investments and Related Activities |
4,730 |
0.52 |
$51.87 |
$107,900 |
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 |
91,110 |
14.47 |
$36.89 |
$76,720 |
| Credit Intermediation and Related Activities (5221 And 5223 only) |
161,710 |
8.13 |
$36.70 |
$76,340 |
| Automobile Dealers |
12,630 |
0.98 |
$47.25 |
$98,270 |
| Management of Companies and Enterprises |
17,170 |
0.74 |
$38.63 |
$80,350 |
| Securities, Commodity Contracts, and Other Financial Investments and Related Activities |
4,730 |
0.52 |
$51.87 |
$107,900 |
Top paying industries for this occupation:
| Industry |
Employment (1) |
Percent of industry employment |
Hourly mean wage |
Annual mean wage (2) |
| Securities, Commodity Contracts, and Other Financial Investments and Related Activities |
4,730 |
0.52 |
$51.87 |
$107,900 |
| Other Investment Pools and Funds |
(8) |
(8) |
$51.39 |
$106,890 |
| Merchant Wholesalers, Durable Goods (4232, 4233, 4235, 4236, 4237, and 4239 only) |
30 |
(7) |
$47.59 |
$98,990 |
| Automobile Dealers |
12,630 |
0.98 |
$47.25 |
$98,270 |
| Business, Professional, Labor, Political, and Similar Organizations |
80 |
0.02 |
$43.17 |
$89,790 |
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 |
39,520 |
2.37 |
1.10 |
$40.46 |
$84,150 |
| Texas |
20,810 |
1.75 |
0.81 |
$41.57 |
$86,460 |
| Florida |
19,900 |
2.36 |
1.10 |
$38.29 |
$79,650 |
| North Carolina |
13,100 |
3.05 |
1.41 |
$34.92 |
$72,630 |
| New York |
12,670 |
1.38 |
0.64 |
$52.12 |
$108,410 |
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) |
| Idaho |
2,580 |
3.77 |
1.75 |
$32.05 |
$66,660 |
| South Dakota |
1,570 |
3.75 |
1.74 |
$30.76 |
$63,990 |
| Rhode Island |
1,560 |
3.29 |
1.52 |
$33.45 |
$69,570 |
| Arizona |
8,480 |
3.14 |
1.45 |
$34.21 |
$71,160 |
| Utah |
4,410 |
3.12 |
1.45 |
$32.04 |
$66,650 |
Top paying States for this occupation:
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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-Jersey City-White Plains, NY-NJ Metropolitan Division |
9,220 |
1.38 |
0.64 |
$56.95 |
$118,450 |
| Anaheim-Santa Ana-Irvine, CA Metropolitan Division |
8,660 |
5.36 |
2.48 |
$36.92 |
$76,800 |
| Los Angeles-Long Beach-Glendale, CA Metropolitan Division |
8,160 |
1.84 |
0.85 |
$39.20 |
$81,540 |
| Chicago-Naperville-Arlington Heights, IL Metropolitan Division |
7,880 |
2.15 |
1.00 |
$43.03 |
$89,510 |
| Phoenix-Mesa-Scottsdale, AZ |
7,240 |
3.65 |
1.70 |
$34.37 |
$71,500 |
| Dallas-Plano-Irving, TX Metropolitan Division |
6,010 |
2.41 |
1.12 |
$41.81 |
$86,970 |
| Minneapolis-St. Paul-Bloomington, MN-WI |
5,720 |
2.96 |
1.37 |
$39.03 |
$81,180 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division |
5,250 |
2.08 |
0.97 |
$45.43 |
$94,500 |
| Charlotte-Concord-Gastonia, NC-SC |
5,250 |
4.42 |
2.05 |
$36.20 |
$75,290 |
| Houston-The Woodlands-Sugar Land, TX |
4,280 |
1.46 |
0.68 |
$46.13 |
$95,940 |
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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) |
| Pocatello, ID |
300 |
9.12 |
4.23 |
$23.46 |
$48,790 |
| Gainesville, GA |
530 |
6.21 |
2.88 |
$39.85 |
$82,890 |
| Anaheim-Santa Ana-Irvine, CA Metropolitan Division |
8,660 |
5.36 |
2.48 |
$36.92 |
$76,800 |
| Owensboro, KY |
270 |
5.31 |
2.46 |
$26.82 |
$55,790 |
| Coeur d'Alene, ID |
280 |
4.71 |
2.18 |
$29.54 |
$61,440 |
| Jacksonville, FL |
3,130 |
4.68 |
2.17 |
$38.07 |
$79,180 |
| Springfield, IL |
490 |
4.56 |
2.11 |
$41.24 |
$85,780 |
| Des Moines-West Des Moines, IA |
1,620 |
4.44 |
2.06 |
$33.13 |
$68,910 |
| Charlotte-Concord-Gastonia, NC-SC |
5,250 |
4.42 |
2.05 |
$36.20 |
$75,290 |
| Winston-Salem, NC |
1,110 |
4.21 |
1.95 |
$41.68 |
$86,690 |
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