Occupational Employment and Wages, May 2017

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)
307,240 1.1 % $37.46 $77,920 0.6 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $15.71 $21.95 $31.09 $45.27 $65.19
Annual Wage (2) $32,670 $45,660 $64,660 $94,150 $135,590


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) 161,710 8.13 $36.70 $76,340
Nondepository Credit Intermediation 91,110 14.47 $36.89 $76,720
Management of Companies and Enterprises 17,170 0.74 $38.63 $80,350
Automobile Dealers 12,630 0.98 $47.25 $98,270
Securities, Commodity Contracts, and Other Financial Investments and Related Activities 4,730 0.52 $51.87 $107,900

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 91,110 14.47 $36.89 $76,720
Credit Intermediation and Related Activities (5221 And 5223 only) 161,710 8.13 $36.70 $76,340
Automobile Dealers 12,630 0.98 $47.25 $98,270
Management of Companies and Enterprises 17,170 0.74 $38.63 $80,350
Securities, Commodity Contracts, and Other Financial Investments and Related Activities 4,730 0.52 $51.87 $107,900

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 4,730 0.52 $51.87 $107,900
Other Investment Pools and Funds (8) (8) $51.39 $106,890
Merchant Wholesalers, Durable Goods (4232, 4233, 4235, 4236, 4237, and 4239 only) 30 (7) $47.59 $98,990
Automobile Dealers 12,630 0.98 $47.25 $98,270
Business, Professional, Labor, Political, and Similar Organizations 80 0.02 $43.17 $89,790


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 39,520 2.37 1.10 $40.46 $84,150
Texas 20,810 1.75 0.81 $41.57 $86,460
Florida 19,900 2.36 1.10 $38.29 $79,650
North Carolina 13,100 3.05 1.41 $34.92 $72,630
New York 12,670 1.38 0.64 $52.12 $108,410




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)
Idaho 2,580 3.77 1.75 $32.05 $66,660
South Dakota 1,570 3.75 1.74 $30.76 $63,990
Rhode Island 1,560 3.29 1.52 $33.45 $69,570
Arizona 8,480 3.14 1.45 $34.21 $71,160
Utah 4,410 3.12 1.45 $32.04 $66,650




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 12,670 1.38 0.64 $52.12 $108,410
District of Columbia 500 0.71 0.33 $50.46 $104,960
Connecticut 2,440 1.47 0.68 $45.29 $94,200
Massachusetts 5,640 1.60 0.74 $45.11 $93,820
New Hampshire 1,120 1.72 0.80 $43.61 $90,720



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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)
New York-Jersey City-White Plains, NY-NJ Metropolitan Division 9,220 1.38 0.64 $56.95 $118,450
Anaheim-Santa Ana-Irvine, CA Metropolitan Division 8,660 5.36 2.48 $36.92 $76,800
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 8,160 1.84 0.85 $39.20 $81,540
Chicago-Naperville-Arlington Heights, IL Metropolitan Division 7,880 2.15 1.00 $43.03 $89,510
Phoenix-Mesa-Scottsdale, AZ 7,240 3.65 1.70 $34.37 $71,500
Dallas-Plano-Irving, TX Metropolitan Division 6,010 2.41 1.12 $41.81 $86,970
Minneapolis-St. Paul-Bloomington, MN-WI 5,720 2.96 1.37 $39.03 $81,180
Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division 5,250 2.08 0.97 $45.43 $94,500
Charlotte-Concord-Gastonia, NC-SC 5,250 4.42 2.05 $36.20 $75,290
Houston-The Woodlands-Sugar Land, TX 4,280 1.46 0.68 $46.13 $95,940


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Metropolitan areas with the highest concentration of jobs and location quotients in this occupation:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Pocatello, ID 300 9.12 4.23 $23.46 $48,790
Gainesville, GA 530 6.21 2.88 $39.85 $82,890
Anaheim-Santa Ana-Irvine, CA Metropolitan Division 8,660 5.36 2.48 $36.92 $76,800
Owensboro, KY 270 5.31 2.46 $26.82 $55,790
Coeur d'Alene, ID 280 4.71 2.18 $29.54 $61,440
Jacksonville, FL 3,130 4.68 2.17 $38.07 $79,180
Springfield, IL 490 4.56 2.11 $41.24 $85,780
Des Moines-West Des Moines, IA 1,620 4.44 2.06 $33.13 $68,910
Charlotte-Concord-Gastonia, NC-SC 5,250 4.42 2.05 $36.20 $75,290
Winston-Salem, NC 1,110 4.21 1.95 $41.68 $86,690