Occupational Employment and Wages, May 2019

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, loan underwriters, and payday loan officers.

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

National estimates for this occupation:

Employment estimate and mean wage estimates for this occupation:

Employment (1)	Employment RSE (3)	Mean hourly wage	Mean annual wage (2)	Wage RSE (3)
308,370	1.2 %	$36.64	$76,200	0.6 %

Percentile wage estimates for this occupation:

Percentile	10%	25%	50% (Median)	75%	90%
Hourly Wage	$15.65	$21.56	$30.42	$44.69	$63.79
Annual Wage (2)	$32,560	$44,840	$63,270	$92,960	$132,680

Industry profile for this occupation:

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)	175,430	8.58	$36.26	$75,410
Nondepository Credit Intermediation	83,200	14.61	$35.62	$74,080
Management of Companies and Enterprises	14,740	0.60	$37.58	$78,170
Automobile Dealers	11,940	0.92	$46.56	$96,840
Federal Executive Branch (OES Designation)	3,850	0.19	$35.45	$73,730

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	83,200	14.61	$35.62	$74,080
Credit Intermediation and Related Activities (5221 And 5223 only)	175,430	8.58	$36.26	$75,410
Other Investment Pools and Funds	130	1.31	$31.22	$64,950
Automobile Dealers	11,940	0.92	$46.56	$96,840
Management of Companies and Enterprises	14,740	0.60	$37.58	$78,170

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	3,490	0.37	$51.26	$106,620
Automobile Dealers	11,940	0.92	$46.56	$96,840
Real Estate	3,100	0.19	$42.37	$88,120
Grantmaking and Giving Services	90	0.06	$40.90	$85,080
Other Motor Vehicle Dealers	400	0.25	$40.88	$85,040

Geographic profile for this occupation:

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	34,740	2.00	0.95	$37.15	$77,270
Texas	22,410	1.80	0.86	$39.39	$81,930
Florida	16,220	1.84	0.88	$35.57	$73,990
North Carolina	13,680	3.07	1.46	$36.33	$75,570
New York	13,420	1.41	0.67	$49.54	$103,040

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	1,880	4.43	2.11	$32.06	$66,680
Utah	6,000	3.99	1.90	$29.38	$61,110
North Dakota	1,430	3.38	1.61	$38.36	$79,790
Nebraska	3,170	3.23	1.54	$39.14	$81,410
Arizona	8,980	3.13	1.49	$29.17	$60,680

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	13,420	1.41	0.67	$49.54	$103,040
Massachusetts	5,490	1.52	0.72	$43.97	$91,460
Hawaii	1,190	1.87	0.89	$42.19	$87,750
Maryland	4,830	1.79	0.85	$41.88	$87,120
District of Columbia	430	0.59	0.28	$41.77	$86,880

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)
Los Angeles-Long Beach-Anaheim, CA	14,900	2.39	1.14	$34.91	$72,620
New York-Newark-Jersey City, NY-NJ-PA	13,210	1.37	0.65	$51.01	$106,090
Chicago-Naperville-Elgin, IL-IN-WI	9,100	1.95	0.93	$39.77	$82,720
Dallas-Fort Worth-Arlington, TX	8,890	2.43	1.16	$42.69	$88,790
Phoenix-Mesa-Scottsdale, AZ	7,940	3.74	1.78	$28.44	$59,160
Detroit-Warren-Dearborn, MI	7,820	3.95	1.88	$38.45	$79,970
Washington-Arlington-Alexandria, DC-VA-MD-WV	7,000	2.20	1.05	$44.57	$92,710
Minneapolis-St. Paul-Bloomington, MN-WI	5,920	3.01	1.43	$40.74	$84,740
Atlanta-Sandy Springs-Roswell, GA	5,830	2.12	1.01	$41.13	$85,550
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD	5,660	1.97	0.94	$34.01	$70,730