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Occupational Employment Statistics
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Occupational Employment and Wages, May 2018

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)
304,950 1.2 % $36.67 $76,270 0.6 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $15.32 $21.40 $30.31 $44.35 $63.50
Annual Wage (2) $31,870 $44,500 $63,040 $92,240 $132,080


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) 163,960 8.16 $36.09 $75,070
Nondepository Credit Intermediation 89,180 14.48 $35.78 $74,420
Management of Companies and Enterprises 16,230 0.68 $38.28 $79,620
Automobile Dealers 12,350 0.96 $45.98 $95,630
Federal Executive Branch (OES Designation) 3,810 0.19 $35.94 $74,760

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 89,180 14.48 $35.78 $74,420
Credit Intermediation and Related Activities (5221 And 5223 only) 163,960 8.16 $36.09 $75,070
Automobile Dealers 12,350 0.96 $45.98 $95,630
Other Investment Pools and Funds 80 0.92 (8) (8)
Management of Companies and Enterprises 16,230 0.68 $38.28 $79,620

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 3,530 0.38 $53.14 $110,530
Business, Professional, Labor, Political, and Similar Organizations 50 0.01 $50.41 $104,860
Merchant Wholesalers, Durable Goods (4232, 4233, 4235, 4236, 4237, and 4239 only) 30 (7) $48.62 $101,120
Automobile Dealers 12,350 0.96 $45.98 $95,630
Other Professional, Scientific, and Technical Services 440 0.06 $42.87 $89,160


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 37,030 2.18 1.03 $37.95 $78,940
Texas 19,950 1.65 0.78 $40.34 $83,910
Florida 18,000 2.09 0.99 $37.50 $78,000
North Carolina 13,910 3.17 1.51 $34.71 $72,210
New York 12,890 1.37 0.65 $49.74 $103,450




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)
Rhode Island 1,820 3.78 1.80 $33.41 $69,500
South Dakota 1,590 3.77 1.79 $30.40 $63,230
Utah 5,220 3.59 1.70 $27.71 $57,640
North Dakota 1,390 3.33 1.58 $35.73 $74,330
Idaho 2,340 3.32 1.57 $29.24 $60,810




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 12,890 1.37 0.65 $49.74 $103,450
District of Columbia 470 0.66 0.31 $45.67 $95,000
Massachusetts 5,780 1.62 0.77 $45.45 $94,540
Connecticut 2,480 1.49 0.71 $44.10 $91,730
New Hampshire 1,310 2.01 0.95 $43.51 $90,500





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 15,510 2.53 1.20 $36.32 $75,540
New York-Newark-Jersey City, NY-NJ-PA 13,480 1.42 0.67 $51.13 $106,360
Chicago-Naperville-Elgin, IL-IN-WI 9,050 1.95 0.93 $41.55 $86,420
Phoenix-Mesa-Scottsdale, AZ 7,850 3.82 1.81 $29.82 $62,030
Dallas-Fort Worth-Arlington, TX 7,810 2.19 1.04 $41.36 $86,020
Washington-Arlington-Alexandria, DC-VA-MD-WV 6,880 2.20 1.04 $44.65 $92,880
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 5,830 2.05 0.97 $36.89 $76,730
Charlotte-Concord-Gastonia, NC-SC 5,520 4.54 2.16 $35.61 $74,070
San Francisco-Oakland-Hayward, CA 5,380 2.22 1.05 $40.65 $84,550
Minneapolis-St. Paul-Bloomington, MN-WI 5,300 2.71 1.29 $40.00 $83,190