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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.
Employment estimate and mean wage estimates for Loan Officers:
Employment (1) | Employment RSE (3) |
Mean hourly wage |
Mean annual wage (2) |
Wage RSE (3) |
---|---|---|---|---|
308,700 | 1.2 % | $ 36.99 | $ 76,930 | 0.7 % |
Percentile wage estimates for Loan Officers:
Percentile | 10% | 25% | 50% (Median) |
75% | 90% |
---|---|---|---|---|---|
Hourly Wage | $ 16.18 | $ 21.89 | $ 30.75 | $ 44.95 | $ 64.35 |
Annual Wage (2) | $ 33,650 | $ 45,540 | $ 63,960 | $ 93,490 | $ 133,850 |
Industries with the highest published employment and wages for Loan Officers are provided. For a list of all industries with employment in Loan Officers, see the Create Customized Tables function.
Industries with the highest levels of employment in Loan Officers:
Industry | Employment (1) | Percent of industry employment | Hourly mean wage | Annual mean wage (2) |
---|---|---|---|---|
Credit Intermediation and Related Activities (5221 and 5223 only) | 173,590 | 8.55 | $ 36.74 | $ 76,420 |
Nondepository Credit Intermediation | 85,040 | 14.72 | $ 36.23 | $ 75,360 |
Management of Companies and Enterprises | 14,260 | 0.59 | $ 37.75 | $ 78,530 |
Automobile Dealers | 10,650 | 0.89 | $ 47.13 | $ 98,020 |
Federal Executive Branch (OEWS Designation) | 4,560 | 0.22 | $ 35.17 | $ 73,160 |
Industries with the highest concentration of employment in Loan Officers:
Industry | Employment (1) | Percent of industry employment | Hourly mean wage | Annual mean wage (2) |
---|---|---|---|---|
Nondepository Credit Intermediation | 85,040 | 14.72 | $ 36.23 | $ 75,360 |
Credit Intermediation and Related Activities (5221 and 5223 only) | 173,590 | 8.55 | $ 36.74 | $ 76,420 |
Automobile Dealers | 10,650 | 0.89 | $ 47.13 | $ 98,020 |
Management of Companies and Enterprises | 14,260 | 0.59 | $ 37.75 | $ 78,530 |
Monetary Authorities-Central Bank | 90 | 0.46 | (8) | (8) |
Top paying industries for Loan Officers:
Industry | Employment (1) | Percent of industry employment | Hourly mean wage | Annual mean wage (2) |
---|---|---|---|---|
Automobile Dealers | 10,650 | 0.89 | $ 47.13 | $ 98,020 |
Other Motor Vehicle Dealers | 320 | 0.21 | $ 45.13 | $ 93,860 |
Securities, Commodity Contracts, and Other Financial Investments and Related Activities | 3,060 | 0.32 | $ 44.67 | $ 92,910 |
Data Processing, Hosting, and Related Services | 180 | 0.05 | $ 43.03 | $ 89,510 |
Real Estate | 3,180 | 0.19 | $ 42.87 | $ 89,160 |
States and areas with the highest published employment, location quotients, and wages for Loan Officers are provided. For a list of all areas with employment in Loan Officers, see the Create Customized Tables function.
States with the highest employment level in Loan Officers:
State | Employment (1) | Employment per thousand jobs | Location quotient (9) | Hourly mean wage | Annual mean wage (2) |
---|---|---|---|---|---|
California | 34,710 | 2.11 | 0.95 | $ 37.61 | $ 78,220 |
Texas | 23,590 | 1.95 | 0.88 | $ 39.49 | $ 82,130 |
Florida | 16,980 | 2.01 | 0.91 | $ 36.57 | $ 76,060 |
North Carolina | 12,980 | 3.03 | 1.36 | $ 38.70 | $ 80,490 |
New York | 12,560 | 1.45 | 0.65 | $ 50.19 | $ 104,400 |
States with the highest concentration of jobs and location quotients in Loan Officers:
State | Employment (1) | Employment per thousand jobs | Location quotient (9) | Hourly mean wage | Annual mean wage (2) |
---|---|---|---|---|---|
South Dakota | 2,010 | 4.90 | 2.21 | $ 33.72 | $ 70,140 |
Utah | 7,020 | 4.71 | 2.12 | $ 27.59 | $ 57,380 |
Arizona | 9,650 | 3.40 | 1.53 | $ 29.32 | $ 60,980 |
North Dakota | 1,330 | 3.31 | 1.49 | $ 38.57 | $ 80,230 |
Minnesota | 8,760 | 3.23 | 1.46 | $ 38.34 | $ 79,740 |
Top paying states for Loan Officers:
State | Employment (1) | Employment per thousand jobs | Location quotient (9) | Hourly mean wage | Annual mean wage (2) |
---|---|---|---|---|---|
New York | 12,560 | 1.45 | 0.65 | $ 50.19 | $ 104,400 |
Maryland | 5,040 | 2.00 | 0.90 | $ 44.26 | $ 92,060 |
Hawaii | 1,280 | 2.22 | 1.00 | $ 44.17 | $ 91,880 |
Georgia | 10,830 | 2.51 | 1.13 | $ 41.44 | $ 86,200 |
Missouri | 7,610 | 2.83 | 1.27 | $ 39.84 | $ 82,880 |
Metropolitan areas with the highest employment level in Loan Officers:
Metropolitan area | Employment (1) | Employment per thousand jobs | Location quotient (9) | Hourly mean wage | Annual mean wage (2) |
---|---|---|---|---|---|
Los Angeles-Long Beach-Anaheim, CA | 15,550 | 2.67 | 1.20 | $ 35.78 | $ 74,430 |
New York-Newark-Jersey City, NY-NJ-PA | 12,090 | 1.37 | 0.62 | $ 51.91 | $ 107,970 |
Chicago-Naperville-Elgin, IL-IN-WI | 9,210 | 2.11 | 0.95 | $ 34.86 | $ 72,510 |
Dallas-Fort Worth-Arlington, TX | 8,670 | 2.42 | 1.09 | $ 41.97 | $ 87,300 |
Phoenix-Mesa-Scottsdale, AZ | 8,650 | 4.10 | 1.85 | $ 28.31 | $ 58,890 |
Detroit-Warren-Dearborn, MI | 7,270 | 4.09 | 1.84 | $ 40.68 | $ 84,620 |
Atlanta-Sandy Springs-Roswell, GA | 6,860 | 2.61 | 1.17 | $ 46.44 | $ 96,590 |
Washington-Arlington-Alexandria, DC-VA-MD-WV | 6,630 | 2.19 | 0.99 | $ 41.80 | $ 86,940 |
Minneapolis-St. Paul-Bloomington, MN-WI | 6,100 | 3.30 | 1.49 | $ 39.71 | $ 82,600 |
Charlotte-Concord-Gastonia, NC-SC | 5,680 | 4.69 | 2.11 | $ 40.15 | $ 83,510 |
Metropolitan areas with the highest concentration of jobs and location quotients in Loan Officers:
Metropolitan area | Employment (1) | Employment per thousand jobs | Location quotient (9) | Hourly mean wage | Annual mean wage (2) |
---|---|---|---|---|---|
Pocatello, ID | 320 | 9.61 | 4.33 | $ 26.11 | $ 54,320 |
Owensboro, KY | 350 | 7.38 | 3.32 | $ 28.78 | $ 59,850 |
Salt Lake City, UT | 4,900 | 6.76 | 3.05 | $ 26.04 | $ 54,150 |
Sioux Falls, SD | 910 | 5.94 | 2.67 | $ 33.24 | $ 69,150 |
La Crosse-Onalaska, WI-MN | 340 | 4.77 | 2.15 | $ 30.79 | $ 64,050 |
Charlotte-Concord-Gastonia, NC-SC | 5,680 | 4.69 | 2.11 | $ 40.15 | $ 83,510 |
Twin Falls, ID | 210 | 4.66 | 2.10 | $ 30.92 | $ 64,310 |
Lewiston-Auburn, ME | 220 | 4.59 | 2.07 | $ 32.14 | $ 66,850 |
St. Cloud, MN | 450 | 4.54 | 2.05 | $ 32.44 | $ 67,470 |
Oxnard-Thousand Oaks-Ventura, CA | 1,270 | 4.25 | 1.92 | $ 36.71 | $ 76,360 |