Occupational Employment and Wages, May 2016

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)
305,700 1.1 % $36.67 $76,260 0.5 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $15.78 $21.68 $30.60 $44.53 $63.60
Annual Wage (2) $32,820 $45,100 $63,650 $92,610 $132,290


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)
Depository Credit Intermediation 134,020 7.97 $35.71 $74,280
Nondepository Credit Intermediation 87,280 14.56 $35.99 $74,870
Activities Related to Credit Intermediation 28,700 9.89 $37.18 $77,330
Management of Companies and Enterprises 18,260 0.79 $38.11 $79,270
Automobile Dealers 12,950 1.02 $47.09 $97,960

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 87,280 14.56 $35.99 $74,870
Activities Related to Credit Intermediation 28,700 9.89 $37.18 $77,330
Depository Credit Intermediation 134,020 7.97 $35.71 $74,280
Automobile Dealers 12,950 1.02 $47.09 $97,960
Other Investment Pools and Funds 60 1.00 $42.95 $89,340

Top paying industries for this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Monetary Authorities-Central Bank 40 0.20 $48.05 $99,940
Securities and Commodity Contracts Intermediation and Brokerage 1,750 0.39 $47.54 $98,890
Automobile Dealers 12,950 1.02 $47.09 $97,960
Other Financial Investment Activities 2,950 0.65 $46.90 $97,560
Lessors of Real Estate 60 0.01 $43.49 $90,460


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 38,100 2.39 1.10 $40.92 $85,110
Texas 22,400 1.91 0.88 $39.59 $82,340
Florida 21,060 2.56 1.18 $39.81 $82,790
Illinois 13,380 2.27 1.04 $35.66 $74,180
North Carolina 12,690 3.00 1.38 $35.00 $72,800




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 1,580 3.79 1.74 $31.39 $65,290
Idaho 2,520 3.79 1.74 $31.01 $64,510
Arizona 9,840 3.71 1.70 $32.75 $68,130
Iowa 5,180 3.38 1.55 $33.41 $69,500
Utah 4,550 3.31 1.52 $30.85 $64,160




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 11,250 1.24 0.57 $48.86 $101,630
Massachusetts 5,330 1.54 0.71 $46.20 $96,090
New Hampshire 1,070 1.65 0.76 $42.68 $88,780
District of Columbia 650 0.92 0.42 $42.48 $88,360
Connecticut 2,200 1.32 0.61 $42.01 $87,380





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)
Phoenix-Mesa-Scottsdale, AZ 8,510 4.40 2.02 $32.72 $68,060
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 8,460 2.01 0.92 $41.47 $86,260
New York-Jersey City-White Plains, NY-NJ Metropolitan Division 8,390 1.27 0.59 $53.72 $111,750
Chicago-Naperville-Arlington Heights, IL Metropolitan Division 8,360 2.30 1.06 $37.84 $78,700
Dallas-Plano-Irving, TX Metropolitan Division 6,950 2.86 1.31 $38.98 $81,070
Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division 5,340 2.15 0.99 $41.50 $86,320
Minneapolis-St. Paul-Bloomington, MN-WI 5,180 2.71 1.24 $39.06 $81,250
Charlotte-Concord-Gastonia, NC-SC 4,960 4.28 1.96 $35.99 $74,860
Atlanta-Sandy Springs-Roswell, GA 4,620 1.81 0.83 $38.89 $80,900
Houston-The Woodlands-Sugar Land, TX 4,150 1.41 0.65 $45.41 $94,450