Department of Labor Logo United States Department of Labor
Dot gov

The .gov means it's official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you're on a federal government site.

Https

The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

Occupational Employment Statistics
PRINT:Print
OES OES Program Links

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, 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)
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: 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) 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: 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 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